Market News

Rupee Weakens Sharply To 79.66 Per Dollar, Falling Back Towards Record Lows

Rupee Weakens Sharply To 79.66 Per Dollar, Falling Back Towards Record Lows

Edited by NDTV Business Desk | Monday August 08, 2022

The rupee weakened sharply on Monday as the dollar extended gains from Friday after solidUS jobs data lifted expectations for more aggressive Federal Reserve policy tightening.

Sensex, Nifty Defy Global Gloom And Gain On Capital Inflows, Cooling Oil

Sensex, Nifty Defy Global Gloom And Gain On Capital Inflows, Cooling Oil

Edited by Rahul Karunakar | Monday August 08, 2022

Equity benchmarks extended their gains on Monday, after logging their third straight weekly rise, defying a broader global stock markets gloom.

Elon Musk Says $44 Billion Deal On If Twitter Can Provide Proof Of Real Accounts

Elon Musk Says $44 Billion Deal On If Twitter Can Provide Proof Of Real Accounts

Reuters | Monday August 08, 2022

Elon Musk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms.

Paytm Shares Jump To Near 6-Month High After Revenue Surges 89%

Paytm Shares Jump To Near 6-Month High After Revenue Surges 89%

Reuters | Monday August 08, 2022, BENGALURU

Shares of Indian digital payments firm Paytm jumped more than 6% on Monday to their highest levels in nearly six months, after the company's parent firm One 97 Communications Ltd posted an 89% surge in its quarterly revenue.

Gucci Adopts ApeCoin As Payment Method. What Does It Mean For The Crypto?

Gucci Adopts ApeCoin As Payment Method. What Does It Mean For The Crypto?

Edited by NDTV Business Desk | Monday August 08, 2022

Gucci announced a few days ago that some of its US stores will accept ApeCoin as payment

How RBI's Rate Hike Impacts The Stock Market

How RBI's Rate Hike Impacts The Stock Market

Equitymaster | Monday August 08, 2022

The US Fed has officially said a pause in rate hikes is out of the question. Indias central bank is following their footsteps.

SoftBank Posts A Whopping $23 Billion Loss In June Quarter

SoftBank Posts A Whopping $23 Billion Loss In June Quarter

Reuters | Monday August 08, 2022

SoftBank Group Corp on Monday posted a 3.16 trillion yen ($23.37 billion) net loss in the April-June quarter.

Mukesh Ambani Draws Zero Salary For Second Year In A Row

Mukesh Ambani Draws Zero Salary For Second Year In A Row

Press Trust of India | Monday August 08, 2022, New Delhi

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy.

RBI Likely To Hike Repo Rate To 6.00%, Pace May Slow: Report

RBI Likely To Hike Repo Rate To 6.00%, Pace May Slow: Report

Monday August 08, 2022

The Reserve Bank of India is likely to raise its key policy rate by up to 60 basis points by the end of 2022, before pausing, but the pace of rate hikes is likely to slow down, analysts said.

MNCs (Multinational Firms) Advise Employees On Vacation In India To Avoid Business Calls Or Emails

MNCs (Multinational Firms) Advise Employees On Vacation In India To Avoid Business Calls Or Emails

Edited by NDTV Business Desk | Monday August 08, 2022

The concern is that if the employee responds to an email or participates in a video conference, it can lead to a high tax bill or other legal issues

Rupee Starts On A Weak Note, Hurt By A Re-Energised Dollar On US Rate Hike Risks

Rupee Starts On A Weak Note, Hurt By A Re-Energised Dollar On US Rate Hike Risks

Edited by NDTV Business Desk | Monday August 08, 2022

Rupee Today: The rupee started on a weak note early on Monday, tracking a re-energised dollar after blockbuster US jobs data pushed expectations for a bigger-sized Federal Reserve rate hikes, hurting global risk assets.

Sensex, Nifty Start On A Positive Note, Despite Gloomy Global Stocks

Sensex, Nifty Start On A Positive Note, Despite Gloomy Global Stocks

Edited by NDTV Business Desk | Monday August 08, 2022

Stock Market India: Equity benchmarks started Monday on a positive note, despite sluggish global stocks after a stunning US payrolls report pushed back against talk of recession but bolstered the case for more super-sized rate hikes.

China's First Fully Driverless Robotaxi Licenses Bagged By Search Engine Baidu

China's First Fully Driverless Robotaxi Licenses Bagged By Search Engine Baidu

Reuters | Monday August 08, 2022

China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country.

Pay Toll Only For The Distance Travelled. GPS-Based Toll Collection Likely Soon

Pay Toll Only For The Distance Travelled. GPS-Based Toll Collection Likely Soon

Edited by NDTV Business Desk | Monday August 08, 2022

According to this system, the amount of toll to be paid would depend on how many kilometres a car has travelled on a highway

Oil Prices Slide To Near Multi-Month Lows On Recession Fears

Oil Prices Slide To Near Multi-Month Lows On Recession Fears

Reuters | Monday August 08, 2022

Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China's crude imports last month.