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Category: Business Updates

Business Updates

US economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikes

April 10, 2022By businessreputationdata

Last quarter’s robust growth may prove to be a high-water mark for the economy before a steady slowdown begins in the current October-December quarter and extends into 2024.

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Business Updates

ONGC starts oil production from its flagship deep-sea project in Krishna-Godavari basin

April 10, 2022By businessreputationdata

Large projects like KG-DWN-98/2 are critical to the country’s objective of reducing its reliance on oil and gas imports to meet its rapidly growing energy needs.

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Business Updates

Russian rouble weakens past 100 to US dollar

April 10, 2022By businessreputationdata

The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s shrinking current account surplus.

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Business Updates

HDFC Bank Q1 Results: Lender’s standalone net profit jumps 30% to Rs 11,951 crore

April 7, 2022By businessreputationdata

BMW India also reported an over 50 per cent jump in sales of its premium motorcycles under the BMW Motorrad brand at 4,667 units in January-June period this year.

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Business Updates

Gold Silver Rate Today: Gold price remains near three-week low globally

April 6, 2022By businessreputationdata

The opening price for 999 purity gold was Rs 60,603 per 10 grams, Rs 63 higher from Wednesday’s closing price of Rs 60, 540, while that of 999 purity silver was Rs 70,228 per kg, Rs 19 higher than closing price of Rs 70,209, the data available on India Bullion and Jewellers Association’s (IBJA) website showed.

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Business Updates

Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Antfin in no cash deal

April 6, 2022By businessreputationdata

As per the deal, Vijay Shekhar Sharma will purchase 10.3 per cent shareholding in Paytm from Antfin through his 100 per cent owned overseas entity Resilient Asset Management BV.

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Business Updates

Reliance Retail receives Rs 8,278 crore from Qatar Investment Authority, allots 6.86 crore shares

April 4, 2022By businessreputationdata

As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in the country, said a regulatory filing from Reliance Industries Ltd (RIL).

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Business Updates

Sensex rises 580 pts from day’s low, ends 79 pts higher, Nifty closes at 19,435; broader markets lose

April 3, 2022By businessreputationdata

Adani Enterprises was today’s top drag in the Nifty50 index, and fell 3.64 per cent today, to close at Rs 2,446.95.

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Business Updates

WeWork, once most valuable US startup, succumbs to bankruptcy

April 2, 2022By businessreputationdata

Profitability has remained elusive as WeWork grapples with its expensive leases and corporate clients cancelling because some employees work from home.

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Business Updates

Flows into NRI deposits double to $6.1 billion in April-October period

April 1, 2022By businessreputationdata

Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the last year, a recent Reserve Bank of India (RBI) data showed.

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