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The Siasat Daily Business News

  • Business

    No NEFT service for 14 hours on May 23: RBI

    Mumbai (Maharashtra) [India], May 17 (ANI): The National Electronic Fund Transfer (NEFT) service will not be available for 14 hours on May 23, the Reserve Bank of India (RBI) said on Monday. “A technical upgrade targeted to enhance the performance and resilience is scheduled after the close of business of May 22. Accordingly, NEFT service will not be available from 00:01 hrs to 14:00 hrs on Sunday...

    • 5 hrs ago
  • Business

    Online gambling soared during Covid pandemic lockdown: Study

    London: Gamblers were more than six times more likely to gamble online compared to before the Covid-19 pandemic, according to new research. The study, led by the University of Bristol in the UK, showed while gambling was less frequent during lockdown, partly due to betting shops being closed, online gambling, including poker, bingo, and casino games, grew six-fold. Respondents who...

    • 6 hrs ago
  • Technology

    Elon Musk may create his own cryptocurrency soon

    San Francisco: After applying brakes on Bitcoin as a payment mode to buy Tesla vehicles, Elon Musk has now revealed that he might create his own cryptocurrency in the near future. A Twitter user asked the Tesla head why is he not creating his own cryptocurrency. “Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high...

    • 10 hrs ago
  • Business

    Sensex surges over 300 pts in early trade; Nifty tests 14,750

    Mumbai: Equity benchmark Sensex surged over 300 points in early trade on Monday, tracking gains in index majors HDFC twins, ICICI Bank and Infosys. The 30-share BSE index was trading 300.45 points or 0.62 per cent higher at 49,033. Similarly, the broader NSE Nifty rose 75.60 points or 0.52 per cent to 14,753.40. SBI was the top gainer in the Sensex pack, advancing over 2 per cent,...

    • 10 hrs ago
  • Business

    Rupee rises 5 paise to 73.24 against US dollar in early trade

    Mumbai: The Indian rupee inched higher by 5 paise to 73.24 against the US dollar in early trade on Monday supported by positive domestic equities. At the interbank foreign exchange, the domestic unit opened on a flat note at 73.24 against the dollar, registering a rise of 5 paise over its previous close. On Friday, the rupee had closed at 73.29 against the US dollar. The rupee started...

    • 10 hrs ago
  • Business

    Petrol, diesel prices rise again on Sunday

    New Delhi: Petrol and diesel prices have increased across the four metros on Sunday after a pause for a day. In the national capital, petrol price increased 24 paise to Rs 92.58 per litre, up 24 paise from the previous level. Similarly, the price of diesel rose 27 paise to Rs 83.22 a litre. In Mumbai, Chennai and Kolkata, petrol price increased to Rs 98.88, Rs 92.67 and Rs 94.31 per litre, respectively,...

    • yesterday
  • World

    US mounts pressure on Chinese companies to share audits or risk delisting

    Washington DC: A United States accounting oversight board proposed a draft rule to advance the implementation of legislation to remove foreign firms, from the US stock exchange that did not comply with American accounting standards. According to the South China Morning Post (SCMP), this has been done to expedite a Trump-era law that would force publicly traded Chinese...

    • yesterday
  • Business

    Adani Welspun reports progress in gas commerciality at Tapti-Daman sector

    Mumbai: Adani Welspun Exploration Ltd (AWEL) said on Saturday that preliminary analysis of data indicate that a block in NELP-VII area has high potential of gas commerciality. Data shows gas initially inplace place (GIIP) contingent resources (2C) to the tune of 514 billion cubic feet (BCF) with additional prospective resources of 50 BCF, it said. Additionally, seismic...

    • yesterday
  • Business

    Covid pushes India's Pharma industry growth to 59% in April

    New Delhi: The fresh wave of Covid-19 in the country has pushed up sales of medicines and resulted in exponential growth for the pharmaceutical sector. According to total sales audit data from world’s largest pharmaceutical market research firm IMS Health, the Indian Pharma Market (IPM) grew 59 per cent yoy in April, 2021 vs 16 per cent yoy in March, 2021 due to the low base effect in...

    • 2 days ago
  • Business

    Airtel rolls out Covid support services on its digital platform

    New Delhi: Bharti Airtel has rolled out a range of Covid support initiatives for customers by leveraging its digital platforms. Airtel has integrated easily accessible bouquet of Covid support resources and related information in the Airtel Thanks app’s Explore section. Accordingly it has now provided Covid SOS resource which aggregates verified and updated contacts for important...

    • 2 days ago

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