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Wall St tumbles, Nasdaq drops 5% as Fed’s tone fails to impress investors
Business

Wall St tumbles, Nasdaq drops 5% as Fed’s tone fails to impress investors

Posted on: May 5, 2022

[ad_1] Wall Street’s main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve’s less hawkish tone failed to ease investors’ expectations of […]

IMD warns of fresh heatwave in northwest, central India from May 7
Business

IMD warns of fresh heatwave in northwest, central India from May 7

Posted on: May 5, 2022

[ad_1] A fresh spell of heatwave is likely to begin over northwest India from May 7 and over central India from May 8, the India Meteorological […]

Future Group sells 25% stake in FGIICL to partner Generali for Rs 1,266 cr
Business

Future Group sells 25% stake in FGIICL to partner Generali for Rs 1,266 cr

Posted on: May 5, 2022

[ad_1] Debt-ridden Future Group on Thursday said it has completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) […]

Govt targets 18,000 km highway construction in FY23, at 50 km/day: Gadkari
Business

Govt targets 18,000 km highway construction in FY23, at 50 km/day: Gadkari

Posted on: May 5, 2022

[ad_1] The road transport and highways ministry aims to construct a record 18,000 km of highways in 2022-23 at a pace of 50 km per day, […]

RBI failed to convince govt for supply-side steps to ease inflation: Report
Business

RBI failed to convince govt for supply-side steps to ease inflation: Report

Posted on: May 5, 2022

[ad_1] The RBI’s surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and […]

India Covid death toll highest in world, says WHO as govt rejects report
Business

India Covid death toll highest in world, says WHO as govt rejects report

Posted on: May 5, 2022

[ad_1] Nearly 4.7 million people died in India because of Covid-19: either directly due to the disease or indirectly due its impact on health systems and […]

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9
Business

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9

Posted on: May 5, 2022

[ad_1] The record Rs 20,557 crore initial public offering (IPO) by India’s Life Insurance Corp (LIC) was fully subscribed on Thursday, helped by attractive pricing for […]

Gautam Adani said to be scouting for assets in Indian TV and print media
Business

Gautam Adani said to be scouting for assets in Indian TV and print media

Posted on: May 5, 2022

[ad_1] Indian billionaire Gautam Adani is seeking to boost his media investments in an ambitious expansion plan, according to people familiar with the matter, as he […]

Economists expect higher rate hikes after RBI’s hike to tame inflation
Business

Economists expect higher rate hikes after RBI’s hike to tame inflation

Posted on: May 5, 2022

[ad_1] India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least until its repo rate […]

Top importer India may cut taxes on edible oils to cool prices: Report
Business

Top importer India may cut taxes on edible oils to cool prices: Report

Posted on: May 5, 2022

[ad_1] India is planning to cut taxes on some edible oils to cool the domestic market after the war in Ukraine and Indonesia’s ban on palm […]

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