BUSINESS

Rupee ends 7 paise lower against US dollar

3:53 pm October 23, 2020

Mumbai: The rupee depreciated 7 paise to close at 73.61 (provisional) against the US dollar on Friday even as the domestic equity market was trading with significant gains. At the interbank forex market, the local unit opened weak at 73.62 against the US dollar and remained stressed for majority of the session before closing at […]

Reserve Bank bars payment system operators from launching new QR codes

10:33 pm October 22, 2020

New Delhi: The Reserve Bank on Thursday barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions. Currently, there are two interoperable QR codes — UPI QR and Bharat QR. QR codes are two-dimensional machine-readable barcodes, which are increasingly used to facilitate mobile payments at the point-of-sale. QR codes can store a large amount of information. The decision to continue […]

New Huawei phone comes at crucial time for Chinese company

10:15 pm October 22, 2020

London: Huawei’s new smartphone has an upgraded camera, its latest advanced chipset and a better battery. What it may not have outside the Chinese tech giant’s home market is very many buyers. Huawei, which recently became the world’s No. 1 smartphone maker, on Thursday unveiled its Mate 40 line of premium phones, a product release that comes […]

Sensex snaps 4-session winning run, ends 149 pts lower

6:29 pm October 22, 2020

Mumbai: Snapping its four-session rising streak, equity benchmark Sensex ended 149 points lower on Thursday, tracking losses in index majors Reliance Industries, Infosys and ICICI Bank amid weak cues from global markets. The 30-share BSE index settled 148.82 points or 0.37 per cent lower at 40,558.49. The broader NSE Nifty slipped 41.20 points or 0.35 […]

Vistara starts operating flights on Mumbai-Male route

Vistara to operate more flights from Delhi, Mumbai to Goa to cater to rising demand

4:48 pm October 22, 2020

Candolim (Goa): Vistara will operate more flights to Goa from Delhi and Mumbai from Sunday as there has been a “positive response and demand” on these sectors, said a senior airline official on Wednesday. The airline plans to operate two more weekly flights on the Delhi-Goa route and one more weekly flight on the Mumbai-Goa […]