India data centre industry: As per the latest Anarock and Binswanger report 'Under the Lens: India's Data Centre Explosion', over 45 data centres spanning about 13 million square feet and 1,015 MW of IT capacity is planned to come up in India by 2025-end on rising demand amid the Covid pandemic.
RBI monetary policy aims to realize the medium-term target of 4 % for consumer price index (CPI) inflation with a range of plus or minus two percent.
Mumbai: At the interbank foreign exchange, the rupee opened at 79.92 against the American dollar and touched 79.84 in initial deals, registering a gain of 7 paise over the last close.
Mumbai: Sensex pack Bajaj Finserv, Maruti, Tata Steel, NTPC, State Bank of India, and Axis Bank were among the major winners. Bharti Airtel and Dr. Reddy's were the only laggards.
Gautam Adani has a total net worth of USD 137.4 billion and is now just behind Elon Musk and Jeff Bezos.
Abhijit Sen taught economics at New Delhi’s Jawaharlal Nehru University, and held several important government positions during his career.
The furniture retailer issued a clarification after a customer Nitin Sethi alleged that his wife faced racist treatment at its store in Hyderabad.
Payment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks.
At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
The satellite company has been embroiled in a fight with the Indian government since a contract it had to develop wireless broadband in the country was cancelled in 2011.
Jio 5G rollout: Reliance Jio Chairman Akash Ambani said that the latest version of the 5G services will be called 'standalone 5G'.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.51 per cent higher at 109.35.
Data centre capacity is measured in terms of power they consume. According to market research firm Arizton, India's data centre market size stood at 447 MW in 2021, valued at USD 10.9 billion.
Zomato news: The pilot test is currently being organised at select circles in Delhi-NCR, and after analysing the response, it will be expanded to other cities as well, according to company sources.
India fiscal growth: Sitharaman said there are risks on the external front and this is not the right time to throw caution to the wind, and also assured exporters of all the necessary support from the government as they face the headwinds.
Mumbai: The rupee appreciated by 6 paise to close at 79.86 (provisional) against the US dollar on Friday, supported by foreign fund inflows and a positive trend in domestic equities. However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said.
The BSE Sensex opened firm and soared over 500 points to an intra-day high of 59,321.65, but succumbed to profit-booking towards the end of the session.
New Delhi: India-UK free trade agreement will help to boost the country's services exports, particularly from the legal, accounting, and auditing sectors, Services Export Promotion Council (SEPC)
Mumbai: At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.80 to 79.93 during the session. The domestic unit finally settled at 79.93, down 7 paise over its previous close of 79.86.
The 30-share BSE Sensex suddenly came under selling pressure towards the fag-end, tumbling 310.71 points or 0.53 percent to settle at 58,774.72. Similarly, the broader NSE Nifty dropped 82.50 points or 0.47 percent to 17,522.45.
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