BUSINESS

ED initiates FEMA probe against Amazon

9:42 pm January 28, 2021

New Delhi: The Enforcement Directorate (ED) has initiated a probe against e-commerce giant Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday. The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a […]

Jio Q1 net profit rises 45 pc to Rs 3,651 crore

Jio ranked 5th strongest brand globally

2:50 pm January 28, 2021

New Delhi: Billionaire Mukesh Ambani’s four-year-old telecom venture Reliance Jio has been ranked the fifth strongest brand globally behind the likes of Ferrari and Coca-Cola. The Brand Finance’s Global 500 ranking of the strongest brands globally, which determined the relative strength of brands, is topped by WeChat, according to its annual report on most valuable and strongest global brands. ”Despite only being founded […]

Sensex tanks 938 pts; Nifty crashes below 14,000-level

4:45 pm January 27, 2021

Mumbai: The BSE benchmark Sensex crashed 938 points to slip below the 47,500 mark and the NSE Nifty plunged below the psychological 14,000 level due to rampant selling across counters. Marking its fourth straight session of loss, the Sensex tumbled 937.66 points or 1.94 per cent to settle at 47,409.93 taking the aggregate four-session loss […]

Gold declines Rs 231; silver tanks Rs 256

4:37 pm January 27, 2021

New Delhi: Gold in the national capital declined Rs 231 to Rs 48,421 per 10 gram on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,652 per 10 gram. Silver also dipped Rs 256 to Rs 65,614 per kilogram from Rs 65,870 per kilogram in the previous […]

Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc

12:48 pm January 27, 2021

New Delhi : Shares of Reliance Industries on Wednesday declined over 2 per cent amid concerns over the Future Group deal. The heavyweight stock opened the day on a weak note and further dipped 2.43 per cent to Rs 1,892.55 on the BSE. At the NSE, it declined 2.56 per cent to Rs 1,891.15. Shares of Future Retail also […]