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British pound plunges to new low as tax cuts spark concern

Updated on Sep 26, 2022 06:35 PM IST

The pound fell as low as $1.0373, its lowest level since the decimalization of the currency in 1971, before rallying to above $1.08 in London early afternoon trading.

The British currency has lost more than 5% of its value against the dollar since Friday.(AP)
The British currency has lost more than 5% of its value against the dollar since Friday.(AP)
AP |

India records highest salary hike in 2022, races ahead of China: Report

Before Covid-pandemic hit, India had reported a single-digit salary increase at 9.3 per cent in 2019. It dropped to 6.1 per cent in 2020 but rose to 9.3 per cent last year in the pandemic era.

The e-commerce sector leads with an expected salary increase of 12.8 per cent.(Getty Images/iStockphoto)
The e-commerce sector leads with an expected salary increase of 12.8 per cent.(Getty Images/iStockphoto)
Published on Sep 26, 2022 05:01 PM IST
By | Written by Aryan Prakash

Markets in free fall: Why Sensex, Nifty tumbled today

Among the 30-share Sensex pack, Maruti, Tata Steel, ITC, Bajaj Finance, Axis Bank, NTPC, Mahindra & Mahindra and IndusInd Bank were the major laggards. HCL Technologies, Infosys, Asian Paints, TCS, UltraTech Cement, Wipro and Nestle were the gainers.

Sensex shed 950 points to close at 57,145, while Nifty ended at 17,016, a drop of 311 points.(PTI file)
Sensex shed 950 points to close at 57,145, while Nifty ended at 17,016, a drop of 311 points.(PTI file)
Updated on Sep 26, 2022 05:02 PM IST
By | Written by Aniruddha Dhar, New Delhi

Bloodbath on Dalal Street as Sensex crashes by 954 points

Among the 30-share Sensex pack, Maruti, Tata Steel, ITC, Bajaj Finance, Axis Bank, NTPC, Mahindra & Mahindra and IndusInd Bank were the major laggards.

Bloodbath on Dalal Street as Sensex crashes by 954 points; Nifty closes a little over 17,000
Bloodbath on Dalal Street as Sensex crashes by 954 points; Nifty closes a little over 17,000
Published on Sep 26, 2022 03:40 PM IST

ICICI Bank hikes fixed deposit interest rates. Check rates of SBI, HDFC Bank

Private moneylender ICICI Bank increased its interest rates for deposits less than ₹2 crore and also the ones between ₹2 crore and ₹5 crore.

ICICI Bank has increased interest rates for term deposits below <span class='webrupee'>₹</span>2 crore and those between <span class='webrupee'>₹</span>2 crore and <span class='webrupee'>₹</span>5 crore. 
ICICI Bank has increased interest rates for term deposits below 2 crore and those between 2 crore and 5 crore. 
Published on Sep 26, 2022 02:40 PM IST

Air India improves refund processes; 2.5 lakh cases cleared

Air India said the processing of a record number of pending refund cases is a testimony to the different teams coming together and addressing a key legacy issue in a comprehensive and effective manner

Air India has cleared refund cases of ovre <span class='webrupee'>₹</span>150 crore till date, the airline said. (File Photo)
Air India has cleared refund cases of ovre 150 crore till date, the airline said. (File Photo)
Updated on Sep 26, 2022 02:01 PM IST

Vistara ranked among world's 20 best airlines. Check full list

The World Airline Awards were determined by an online customer survey that ran from September 2021 to August 2022 in English, French, Spanish, Russian, Japanese and Chinese. More than 350 airlines featured in the final results.

Vistara will also be renting 37 new A320neo family aircraft from leasing companies, according to a statement from the carrier Wednesday. The airline currently has a fleet of 21 single-aisle Airbus planes.(HT Photo)
Vistara will also be renting 37 new A320neo family aircraft from leasing companies, according to a statement from the carrier Wednesday. The airline currently has a fleet of 21 single-aisle Airbus planes.(HT Photo)
Published on Sep 26, 2022 01:19 PM IST
By | Written by Aryan Prakash

Sensex crashes by over 800 points after US Fed hikes rates

US Federal Reserve's hiked rates and a tighter monetary policy across central banks across the world hinted to investors for the sell-off.

The latest slump reversed the positive sentiments in the domestic market that continued for two months.(ANI)
The latest slump reversed the positive sentiments in the domestic market that continued for two months.(ANI)
Published on Sep 26, 2022 12:29 PM IST
ANI | | Posted by Nisha Anand

Rupee falls 43 paise to all-time low of 81.52 against US dollar: Report

At the interbank foreign exchange, the rupee opened at 81.47 against the greenback, then fell to 81.52, registering a fall of 43 paise over its previous closing. On Friday, the rupee slumped 30 paise to close at a fresh lifetime low of 81.09 against the US dollar.

On Friday, the rupee slumped 30 paise to close at a fresh lifetime low of 81.09 against the US dollar.
On Friday, the rupee slumped 30 paise to close at a fresh lifetime low of 81.09 against the US dollar.
Published on Sep 26, 2022 10:09 AM IST
PTI | | Posted by Aryan Prakash

Markets open in red as Sensex drops by 817 points; Nifty down by 200 points

Among the 30-share Sensex pack, Power Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.

People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI)
Updated on Sep 26, 2022 09:19 AM IST
PTI |

Hurun Rich List 2022: Who is Ravi Modi, whose net worth grew 376%?

With a total net worth of ₹32,400, Modi was the biggest gainer, jumping 205 positions on the list, from 246 to 41. He is the man behind ethnic wear brand ‘Manyavar.'

Manyavar founder-MD Ravi Modi
Manyavar founder-MD Ravi Modi
Published on Sep 25, 2022 06:00 PM IST
By, New Delhi

Zerodha's new fitness challenge for employees: ‘Burn at least350 calories a day’

Those who achieve the target on 90% of the days over the next year will receive a month's salary as a bonus, tweeted Nithin Kamath, the company's co-founder and CEO.

Zerodha co-founder Nithin Kamath. (File Photo)
Zerodha co-founder Nithin Kamath. (File Photo)
Published on Sep 25, 2022 12:31 PM IST
By, New Delhi

On 5G service, govt says targeting to cover entire country in 2 years

5G services in India will be launched at the India Mobile Congress on October 1, people aware of the matter had told Hindustan Times on Saturday.

Union minister for electronics and information technology Ashwini Vaishnaw.(Raj K Raj/HT Photo)
Union minister for electronics and information technology Ashwini Vaishnaw.(Raj K Raj/HT Photo)
Published on Sep 25, 2022 11:51 AM IST
By, New Delhi

‘India-UK free trade agreement draft likely by Diwali’: London Lord Mayor

As London’s ambassador for financial and professional services, the Lord Mayor's visit was aimed at strengthening India-UK financial services links, building strong and sustainable two-way capital flows.

Vincent Keaveny, Lord Mayor with Securities and Exchange Board of India chairperson Madhabi Puri Buch.(Twitter)
Vincent Keaveny, Lord Mayor with Securities and Exchange Board of India chairperson Madhabi Puri Buch.(Twitter)
Published on Sep 25, 2022 10:40 AM IST
PTI | | Posted by Nisha Anand

Bank holidays October 2022: Branches to stay closed on these days. Details here

Next month, bank branches will be closed on these days, as per the Reserve Bank of India's (RBI) list of bank holidays.

Representative Image
Representative Image
Published on Sep 25, 2022 09:07 AM IST
By, New Delhi

Rupee held its own against dollar. What about other currencies: FM Sitharaman

Nirmala Sitharaman, who is on a three-day visit to Pune in Maharashtra, asked a reporter to study how currencies, other than the Rupee, are performing against the dollar in the latest round of depreciation.

Union finance minister Nirmala Sitharaman. (Photo by Pratham Gokhale/Hindustan Times)
Union finance minister Nirmala Sitharaman. (Photo by Pratham Gokhale/Hindustan Times)
Updated on Sep 24, 2022 11:06 PM IST
By | Edited by Sohini Goswami, New Delhi

Elon Musk, Gautam Adani lose over 1 lakh crore: Report

Elon Musk, the world's richest man, lost $9.03 billion ( ₹73,373 crore) as his wealth stood at $245 billion ( ₹19.90 lakh crore). On the other hand, billionaire tycoon Gautam Adani lost $3.50 billion ( ₹28,439 crore) and now his wealth stands at $142 billion ( ₹11.53 lakh crore)

Gautam Adani and Elon Musk.
Gautam Adani and Elon Musk.
Published on Sep 24, 2022 08:10 PM IST

50% of Indians planning to upgrade smartphones, says HT Media-Aroscop survey

The report involved a pan-India survey of over 13,000 Indian consumers who read various HT Media platforms, and asked them to reveal their shopping and purchase channel preferences this festive season.

76 per cent of them wanted to buy or upgrade their smartphones via e-commerce platforms whereas the remaining would prefer offline shopping experience(Picture for representation/Getty Images)
76 per cent of them wanted to buy or upgrade their smartphones via e-commerce platforms whereas the remaining would prefer offline shopping experience(Picture for representation/Getty Images)
Updated on Sep 24, 2022 05:57 PM IST
By | Written by Aryan Prakash

India on track to attract $100 billion FDI this fiscal, says Centre: Report

In 2021-22, India received the "highest ever" foreign inflows of USD 83.6 billion.

FDI equity inflows in India dipped by 6 per cent to USD 16.6 billion during April-June period of the current fiscal
FDI equity inflows in India dipped by 6 per cent to USD 16.6 billion during April-June period of the current fiscal
Published on Sep 24, 2022 04:43 PM IST
PTI | | Posted by Aryan Prakash

Pay Commission: Govt to revise minimum qualifying service norms for promotion

“All ministries/departments are requested to effect necessary amendments to the recruitment rules/service rules after following the due procedure,” the the Department of Personnel and Training (DoPT) said in a circular.

Representative Image
Representative Image
Published on Sep 24, 2022 12:55 PM IST
By, New Delhi

Byju's clears $230 million dues to Blackstone for Aakash acquisition: Report

Byju's co-founder and CEO Byju Raveendran at the time of announcing the result had said that the contractual commitment of the two investment firms is still there, but the fund has not come and these entities have not made any investment in the last six months.

Byju's had acquired Aakash in April for around USD 950 million(Shutterstock)
Byju's had acquired Aakash in April for around USD 950 million(Shutterstock)
Published on Sep 24, 2022 12:06 PM IST
PTI | | Posted by Aryan Prakash

Global food giant Nestle to invest 5,000 crore in India by 2025: Report

Nestle India's revenue in 2021 stood at ₹14,709.41 crore. It had last invested around ₹700 crore to open its plant at Sanand in Gujarat to manufacture a range of popular instant noodles Maggi.

Nestle India presently operates nine factories employing roughly 6,000 people(REUTERS)
Nestle India presently operates nine factories employing roughly 6,000 people(REUTERS)
Published on Sep 24, 2022 11:44 AM IST
PTI | | Posted by Aryan Prakash

Govt employee and want to travel by air? Here are some LTC rules you should know

The guidelines have been issued by the Department of Post under the Ministry of Communications.

Representative Image
Representative Image
Published on Sep 24, 2022 11:42 AM IST
By, New Delhi

‘Don’t spy…': Satya Nadella coins ‘productivity paranoia’ amid moonlighting row

According to a survey on corporate attitudes by Microsoft, it has been found that 85 per cent of managers are worrying that they can't tell if employees are getting enough work done, while 87 per cent of the workers say that the productivity is fine, Bloomberg reported.

Microsoft CEO Satya Nadella(AP File Photo)
Microsoft CEO Satya Nadella(AP File Photo)
Published on Sep 24, 2022 11:02 AM IST
By | Edited by Aryan Prakash

Want to subscribe to National Payment System? 5 recent rule changes to know

A voluntary retirement pension scheme, NPS enables its subscribers to make decisions regarding their post-retirement life, through systematic savings while they are actively employed.

Representative Image
Representative Image
Published on Sep 24, 2022 09:53 AM IST
By, New Delhi

‘Companies trying to prevent employees…’: Rajeev Chandrasekhar on 'Moonlighting'

Employees want to achieve multiple things with their skills and this is an idea whose time has come, the Union minister said.

Union minister of state for electronics and information technology Rajeev Chandrasekhar. (File Photo/PTI)
Union minister of state for electronics and information technology Rajeev Chandrasekhar. (File Photo/PTI)
Published on Sep 24, 2022 06:30 AM IST
By, New Delhi

India's forex reserves hit near 2-year low

In the previous week ending September 9, the foreign exchange reserves stood at $550.871 billion. The reserves have dropped by $5.22 billion to hit the lowest level since October 2, 2020, RBI's weekly statistical supplement showed on Friday.

The foreign exchange reserves stood at $550.871 billion at the end of the previous week.(PTI file photo)
The foreign exchange reserves stood at $550.871 billion at the end of the previous week.(PTI file photo)
Published on Sep 24, 2022 12:30 AM IST
ANI |

Pound hits 37-year low below $1.12 as recession fears grow

Traders grow increasingly worried as pound fell to a fresh 37-year low against the dollar on Friday.

Sterling fell as low as $1.1151 which is weakest since early 1985. (source: Twitter/@AFP)
Sterling fell as low as $1.1151 which is weakest since early 1985. (source: Twitter/@AFP)
Published on Sep 23, 2022 07:43 PM IST
AFP | | Posted by Lingamgunta Nirmitha Rao

TCS to resume work from office: 3 days every week mandatory for all

Most of the corporate companies have gradually opened up their premises for physical mode again.

The ‘25x25 model’ was announced by CEO Rajesh Gopinathan in May 2020(Bloomberg)
The ‘25x25 model’ was announced by CEO Rajesh Gopinathan in May 2020(Bloomberg)
Published on Sep 23, 2022 07:18 PM IST
Written by Lingamgunta Nirmitha Rao | Edited by Sohini Goswami
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