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ED seizes assets worth Rs 5,551 cr, Xiaomi says it follows Indian laws
Business

ED seizes assets worth Rs 5,551 cr, Xiaomi says it follows Indian laws

Posted on: April 30, 2022

[ad_1] The Enforcement Directorate Saturday “seized” over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law, officials said. […]

IDFC First Bank net profit at Rs 342 crore surges 168% in March quarter
Business

IDFC First Bank net profit at Rs 342 crore surges 168% in March quarter

Posted on: April 30, 2022

[ad_1] Private sector lender IDFC First Bank reported on Saturday 168 per cent growth in net profit at Rs 342 crore, driven by strong growth in […]

Russia to quit International Space Station over Ukraine invasion sanctions
Business

Russia to quit International Space Station over Ukraine invasion sanctions

Posted on: April 30, 2022

[ad_1] The head of Russia’s space program said Moscow will pull out of the International Space Station, state media reported, a move it has blamed on […]

Vedanta says it’s in talks to raise up to $3 bn debt in semiconductors push
Business

Vedanta says it’s in talks to raise up to $3 bn debt in semiconductors push

Posted on: April 30, 2022

[ad_1] India’s Vedanta is in talks with banks to raise debt of $2.5-$3 billion to bolster its semiconductor and display manufacturing plans, as it races to […]

Parts of India have hottest April in 122 years; no respite forecast in May
Business

Parts of India have hottest April in 122 years; no respite forecast in May

Posted on: April 30, 2022

[ad_1] Northwest and central India had their hottest April in 122 years as average maximum temperatures reaching 35.9 and 37.78 degrees Celsius in the two regions, […]

YES Bank Q4: Lender logs Rs 367 cr as net profit, NII rises 84% YoY
Business

YES Bank Q4: Lender logs Rs 367 cr as net profit, NII rises 84% YoY

Posted on: April 30, 2022

[ad_1] YES Bank reported a net profit of Rs 367 crore in the January-March quarter compared to a loss of Rs 3,787.75 crore in the year-ago period, […]

Apple faces up to $8 billion revenue hit due to Covid-19 lockdowns in China
Business

Apple faces up to $8 billion revenue hit due to Covid-19 lockdowns in China

Posted on: April 30, 2022

[ad_1] The ongoing Covid-19 lockdowns in China are set to make a huge dent in Apple revenue for the April-June quarter as the company has indicated […]

Russia’s weaponisation of oil could backfire by destroying demand for it
Business

Russia’s weaponisation of oil could backfire by destroying demand for it

Posted on: April 30, 2022

[ad_1] In December 2006, The Economist magazine published a cover drawing of Russian president Vladimir Putin, dressed like a 1930s gangster in a dark suit and […]

5G allotment process gathers pace, top DoT body accepts TRAI suggestions
Business

5G allotment process gathers pace, top DoT body accepts TRAI suggestions

Posted on: April 30, 2022

[ad_1] The Digital Communications Commission (DCC), which met yesterday, is sending a reference back on key recommendations of the Telecom Regulatory Authority of India (TRAI) on […]

Karnataka High Court back simultaneous levy of excise duty, GST on tobacco
Business

Karnataka High Court back simultaneous levy of excise duty, GST on tobacco

Posted on: April 30, 2022

[ad_1] Karnataka High Court has upheld the constitutional validity of the imposition of central excise duty, national calamity contingent duty (NCCD) simultaneously with the goods and […]

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