Business

Sensex dives 1,155 points in early trade amid weak global markets

Markets: The broader NSE Nifty tumbled 335.65 points to 15,904.65

Domestic LPG price hiked by ₹3.50

Economy: This is the second increase in LPG rates this month

Domestic indices slump as inflation, economic slowdown fears linger

Domestic indices dropped 2% on Thursday, weighed down by a broader market selloff, as investors dumped risky assets on worries over stubborn inflation and economic slowdown.

New York Times delays staff return to office due to COVID-19 hikes

The New York Times previously expected its employees to return to office in June but COVID-19 spikes have delayed the return to the NYC office.

Crypto market turmoil not finished yet, SEC's Gensler predicts

Securities and Exchange Commission (SEC) Chairman Gary Gensler predicted more turmoil ahead for crypocurrencies in general after the implosion of the stablecoin known as TerraUSD.

Musk loses $12 billion in a day as he tweets politics, slams ESG

Musk, 50, remains the world's richest person, with a fortune of $209.9 billion, according to the Bloomberg Billionaires Index. He's shaved $60.4 billion off his wealth this year, trailing only Binance's Changpeng Zhao, who's down $81 billion, and Jeff Bezos's $62 billion drop.

Sri Lankan economic crisis brings opportunity for Indian tea industry

The tea traders of North Bengal said that the present condition in Sri Lanka, which has been unable to export its tea, can create opportunities for the new market in India.

Top executives may get 9% hike: Survey

Top executives in India are expected to receive an increment of 8. 9% this year, the highest in six years, according to a survey. The meatiest hikes are expected to be witnessed in sectors such as manufacturing, technology and ITeS, followed by life sciences and finance.

US GDP estimates lowered for 2022 and 2023 by JP Morgan

The U.S. economy's real GDP is likely to prove less strong than previously estimated, according to a new JPMorgan report for the second half of 2022 and for 2023.

Coal production lags power demand: Singh

GST on e-gaming, casinos may be increased to 28%

5G stack to be ready by Sept-Oct: Ashwini Vaishnaw

Gautam Adani targets health biz, forms arm for segment

Rate raised mid-term to avoid sharper increase in June: Shaktikanta Das

New York AG launches investigation of social media companies after Buffalo shooting

New York Attorney General Letitia James is investigating Twitch, Discord, 4chan, and 8chan after a mass shooter opened fire at a supermarket in Buffalo, killing 10 people.

Snap CEO Evan Spiegel pays off student debt for Los Angeles art school graduates

Snap CEO Evan Spiegel and his wife, KORA Organics CEO Miranda Kerr, made a hefty donation that Otis College of Art and Design says will pay off all the graduating class of 2022's student loan debt.

China has lifted a 3-year ban on Canadian canola, Ottawa says

News/Politics: China has reinstated market access for two Canadian grain trading companies that have been prevented from exporting canola seed to China since March 2019, Ottawa says.

Russia hides its economic status from the world during Ukraine war, journalist finds

Russian news organization The Bell reported that the country's war in Ukraine has triggered "new levels of government secrecy."

Inflation hits rural towns: 'Groceries, utilities, gas, we’re seeing it everywhere'

Inflation is hitting the U.S. at a level unseen in decades, and both cities and small towns are feeling it.

BBB warns against baby formula scams amid national shortage: 'Scammers are watching'

The Better Business Bureau (BBB) is warning parents that baby formula scams could be on the rise as the national formula shortage receives mainstream attention.