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Sensex, Nifty crash as global markets lose nerve; end week in red

Mumbai, May 6 (PTI) Dalal Street wilted under intense selling pressure on Friday, mirroring a meltdown in world equities as investors braced for slowing global growth amid policy tightening by central banks. A sharp drop in the rupee amid a spurt in crude oil prices and unabated foreign fund outflows added to the woes. The [...]

KL Deemed-to-be University establishes new KL Global Business School, Hyderabad

HYDERABAD, India, May 6, 2022 /PRNewswire/ -- KL Deemed-to-be University, one of the leading universities in the country for graduation and higher education has today inaugurated KLH Global Business School, an ultra-modern B-School dedicated to its internationally normative business courses. Located amidst the corporate houses at Kondapur, Hyderabad, KLH GBS offers a range of top-ranking [...]

JCI honours Nehal for creating Cricket’s World Record of 578 runs

LUDHIANA, India, May 6, 2022 /PRNewswire/ -- JCI is known for recognizing and honoring young talent in different area. On 5th May, JCI (Ludhiana) honored ex U19 Indian cricketer Nehal Wadhera who has become talk of the nation by creating a few world records in the last week. Merely seven months back, Nehal Wadhera was [...]

Indian firms register revenue and job growth in UK, finds ‘India Meets Britain Tracker’

London, May 6 (PTI) Indian-owned companies operating in the UK have multiplied in the past year, up from 850 to 900, with a corresponding hike in revenues and job creation figures, according to latest research released here.The 2022 ‘India Meets Britain Tracker’, launched on Thursday, revealed these companies employed 141,005 people, up from 116,046 in [...]

Tea Board finalising recommendations on industry demand for package

Kolkata, May 6 (PTI) Tea Board is finalising its recommendations to the commerce ministry on the industry's demand for a special financial package for retaining the viability of this sector which is claimed to be under threat, an official said on Friday.Tea industry representatives had met the Parliamentary Standing Committee on commerce in March and [...]

Nepal and US sign USD 659 million assistance agreement

Kathmandu, May 5 (PTI) Nepal and the US on Thursday signed a USD 659 million “development objective” agreement which is aimed at supporting the Himalayan nation’s goal of graduating to a middle-income country. Nepal aims to graduate from the Least Developed Country category by December 2026. The grant for the next five-year period will support [...]

RBI to fight inflation with greater resolve now: Sources

Mumbai, May 5 (PTI) The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a [...]

Delhi Cabinet approves start-up policy, forms 20-member task force: Kejriwal

New Delhi, May 5 (PTI) Delhi Chief Minister Arvind Kejriwal on Thursday announced the launch of his government's ambitious start-up policy, under which start-ups will get collateral-free loans and other benefits.The Delhi Cabinet on Thursday approved the implementation of the Delhi Start-up Policy.During an online briefing, Kejriwal announced that entrepreneurship classes and a 'Business Blasters' [...]

RBI wants smooth policy measures; prefers smaller rate hikes: Source

Mumbai, May 5 (PTI) Battling a sharp surge in inflation, the Reserve Bank is all for a smooth monetary policy response and the desire to have smaller hikes led it to tighten the policy in an off-schedule meet, a source said on Thursday. Inflation has been massively impacted by Russia's invasion of Ukraine and will [...]
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