MAY 2022

May 2022

ED tightens noose on Chinese smartphone maker Xiaomi, seizes Rs 5551 crore

The Enforcement Directorate (ED) has raided Chinese smartphone maker Xiaomi and has seized an amount of Rs 5,551 crore from its Bangalore office...

Covid aftermath: It will take 12 years to recover from the economic loss...

The US has become the largest trading partner of India in 2021-22, replacing China as its largest trading partner...

Day 1 of LIC IPO: Bidding on more than 10 crores out of 16.2 crore shares...

LIC IPO got a bumper opening on its first day on Wednesday. The country's largest IPO ever opened for subscription at 10 am and was subscribed 64%...

Reserve Bank increases repo rate from 4% to 4.40%

Concerned about rising inflation, the Reserve Bank of India (RBI) increased the repo rate from 4% to 4.40% resulting your loan more expensive...

Freight increases on 90% of the routes of the country in April

The effect of increase in diesel prices is visible on freight rates. According to rating agency Crisil Research...

Unemployment problem become severe: Unemployment rate reaches 7.83% in April

The problem of unemployment is increasing continuously in the country. The country's unemployment rate rose to 7.83% in April...

LIC IPO Day 3: Offer subscribed 1.38 times, retail portion fully booked

On the third day on Friday of bidding for LIC's mega IPO, the portion reserved for retail investors was fully subscribed...

Merger of two IT companies LTI and Mindtree fixed, To become the 5th largest IT company of the country

Engineering firm Larsen & Toubro Limited (L&T) has announced the merger of its two publicly traded software firms Mindtree Limited and L&T Infotech Limited (LTI)...

Reliance Industries Q4 Result: Became the first Indian firm to have $100 billion in revenue

Reliance Industries announced its results for the quarter ended March 31 on Friday in which it told that the company's net profit...

Marriage Increment in IT Firm: New way to retain the employees

Shree Mookambika Infosolutions, a Madurai IT firm has come up with a new way to retain its employees that is providing free match making service...

Bumper response to LIC IPO: Oversubscribed 2.95 times

Microfinancing may work better in countries where a large population has poor or unbanked banking facilities...

Pandemic impact subsides, the number of passengers on domestic flights increases by 83% in April

The trend of increase in the number of domestic air passengers continues. With the outbreak...

Jet Airways gets security clearance, to fly soon

The Home Ministry has given security clearance to Jet Airways and it is expected that the company will start its services soon...

HDFC Bank, Canara, BoM, Karud Vysya hike loan rates

HDFC Bank, Canara Bank, Bank of Maharashtra and Karur Vysya Bank have revised their lending rates based on marginal cost of funds and repo rate...

Swiggy shuts down 'Super Daily' service in five cities, big cities like Delhi-Mumbai

Online food delivery company Swiggy has announced the closure of its 'Super Daily' services...

You can get a duplicate ticket if you lose your train ticket

Rail travel is the main means of transport in India. Millions of people travel in it daily making passengers mandatory to take a ticket...

Know what is the stop loss in the stock market to avoid more losses

Stop loss is used repeatedly while investing in the market. Whenever you buy a stock, the stop loss comes into picture at least once...

New record under Modi government, rupee at historic low

Rupee has hit the record low against the dollar in the Narendra Modi regime. The rupee on Tuesday weakened by 60 paise to close at 77.50....