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Sensex slumps 1170 points to settle at 58,466; Nifty down 348 points to 17,417

Among top losers, Reliance Industries (RIL) sank over 4 per cent. Other laggards included Bajaj Finance, Bajaj Finserv, NTPC, SBI and Titan.
Sensex (File Photo)
Sensex (File Photo)
Published on Nov 22, 2021 03:46 PM IST
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PTI | , Mumbai

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Paytm’s parent company, One 97 Communications Ltd, raised a record IPO sum, but its disastrous trading debut has sparked criticism against the company.
Paytm shares crashed more than 27 per cent on the listing day on November 18. (Reuters Photo)
Paytm shares crashed more than 27 per cent on the listing day on November 18. (Reuters Photo)
Updated on Nov 22, 2021 05:43 PM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi

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Airtel’s cheapest mobile plan will now start at 99 for 28 days, 25 per cent more than the current price of 79. On the other hand, the costliest plan will be priced at 2,999 for 365 days, a Live Mint article said.
Moments after the announcement of a hike in prepaid tariffs, shares of Bharti Airtel rose as much as 5.8 per cent to a record high of <span class='webrupee'>₹</span>755.95.(Reuters file photo)
Moments after the announcement of a hike in prepaid tariffs, shares of Bharti Airtel rose as much as 5.8 per cent to a record high of 755.95.(Reuters file photo)
Updated on Nov 22, 2021 12:01 PM IST
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Written by Harshit Sabarwal | Edited by Sohini Goswami, New Delhi

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Shares of Paytm fell about 3% in their second day of trading. On Thursday, the digital payments start-up made one of the worst major stock market debuts in India, as its shares fell more than 27% after the country's largest-ever IPO.
Shares of Mukesh Ambani-led Reliance Industries fell 3.71%.(Reuters)
Shares of Mukesh Ambani-led Reliance Industries fell 3.71%.(Reuters)
Published on Nov 22, 2021 11:06 AM IST
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Reuters |

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According to business analytics platform CB Insights, venture capital inflow in India was at an all-time high of $19.5 billion in the first nine months of the year.
The policies of Narendra Modi government have ensured that India has a robust startup ecosystem.(HT File Photo)
The policies of Narendra Modi government have ensured that India has a robust startup ecosystem.(HT File Photo)
Updated on Nov 22, 2021 12:29 PM IST
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Byhindustantimes.com, Hindustan Times, New Delhi

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Power it on and you’ll have a choice of six new Harry Potter special watch faces - Hogwarts badge, the castle and four of what you’d recognise as Hogwarts houses - Ravenclaw, Gryffindor, Slytherin, Hufflepuff
The OnePlus Watch Harry Potter Limited Edition. (OnePlus)
The OnePlus Watch Harry Potter Limited Edition. (OnePlus)
Published on Nov 22, 2021 09:32 AM IST
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Reliance Industries (RIL) was the top loser in the Sensex pack, shedding around 4 per cent.
BSE Sensex (File photo)
BSE Sensex (File photo)
Published on Nov 22, 2021 09:21 AM IST
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PTI |

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This is Tai's first visit to India after she assumed office in March. She will be accompanied by deputy US trade representative, Sarah Bianchi.
During her India visit, Tai will also hold an interaction with Union commerce minister Piyush Goyal.(AP file photo)
During her India visit, Tai will also hold an interaction with Union commerce minister Piyush Goyal.(AP file photo)
Updated on Nov 22, 2021 07:15 AM IST
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Written by Harshit Sabarwal | Edited by Amit Chaturvedi, New Delhi

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Brent has slipped below $80 a barrel, the lowest since October 1, which makes a case for reducing petrol and diesel rates in India, they said requesting anonymity.
Brent crude plunged 6.95% to $78.89 a barrel on Friday from $84.78 10 days ago. It was the lowest since October 1.(Reuters)
Brent crude plunged 6.95% to $78.89 a barrel on Friday from $84.78 10 days ago. It was the lowest since October 1.(Reuters)
Published on Nov 22, 2021 05:18 AM IST
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ByRajeev Jayaswal, Hindustan Times, New Delhi

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  • The government announced the relaxation to ensure “ease of living” for all retirees and pensioners.
7th pay commission news: Government changes pension rules(File Photo / Representational Image)
7th pay commission news: Government changes pension rules(File Photo / Representational Image)
Published on Nov 21, 2021 12:52 PM IST
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Byhindustantimes.com | Written by Sharmita Kar | Edited by Meenakshi Ray, New Delhi

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The notice came as some employees have been pushing Apple to do more to ensure there are no unfair gaps in pay across the company.
Apple's business conduct policy already included language stating that workers were not restricted in their ability to discuss wages, hours and working conditions, which is generally protected under US law.(Reuters)
Apple's business conduct policy already included language stating that workers were not restricted in their ability to discuss wages, hours and working conditions, which is generally protected under US law.(Reuters)
Updated on Nov 20, 2021 09:34 PM IST
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Reuters | , San Francisco, Us

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Every month, banks observe holidays in accordance with a list issued by the Reserve Bank of India (RBI). 
Image used only for representation
Image used only for representation
Published on Nov 20, 2021 04:32 PM IST
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Byhindustantimes.com, New Delhi

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The EPFO Central Board of Trustees is a statutory body constituted by the government under provisions of Section 5A of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Any decision taken by the Central Board of Trustees (CBT) is biding on EPFO. (HT File Photo)
Any decision taken by the Central Board of Trustees (CBT) is biding on EPFO. (HT File Photo)
Published on Nov 20, 2021 01:34 PM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi

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SpaceX's Starlink unit in India, Starlink Satellite Communications Private Limited, registered its business earlier this month, company documents filed with the government showed.
SpaceX's Starlink unit in India registered its business earlier this month, according to company documents filed with the government. (AFP File Photo)
SpaceX's Starlink unit in India registered its business earlier this month, according to company documents filed with the government. (AFP File Photo)
Published on Nov 20, 2021 12:43 PM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi

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The announcement puts brakes on a deal that was two years in the making and underscores the pivot underway at Reliance, helmed by billionaire Mukesh Ambani, toward green energy.
Mukesh Ambani-led Reliance Industries has reportedly bought state bonds worth $270 million.
Mukesh Ambani-led Reliance Industries has reportedly bought state bonds worth $270 million.
Published on Nov 20, 2021 12:42 PM IST
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Bloomberg |

Payments platform PhonePe announces ESOP buyback worth 135 cr for employees

The company's founders will not be participating in the buyback, while the top leadership can sell up to 10 per cent of their vested stock.
Almost 75 per cent of PhonePe's current workforce is eligible to participate in the current buyback offer(Bloomberg)
Almost 75 per cent of PhonePe's current workforce is eligible to participate in the current buyback offer(Bloomberg)
Published on Nov 19, 2021 08:36 PM IST
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PTI | , New Delhi

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You’d be better off saving some money buying the Apple AirPods 3rd gen instead of the AirPods Pro. The new custom audio hardware is worth every bit of money you spend on these wireless earbuds
The Apple AirPods 3rd gen is an upgrade inspired by the more expensive AirPods Pro. (Apple)
The Apple AirPods 3rd gen is an upgrade inspired by the more expensive AirPods Pro. (Apple)
Published on Nov 19, 2021 05:45 PM IST
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  • Amid the furore over Nykaa’s IPO success, India continues to be one of the worst performers among South Asian nations in terms of gender gap, a World Economic Forum report stated. And it is time that this view is changed.
Women continue to face more challenges than men as an added societal pressure of maintaining a work-life balance falls heavy on their shoulders.(Representative image/Unsplash)
Women continue to face more challenges than men as an added societal pressure of maintaining a work-life balance falls heavy on their shoulders.(Representative image/Unsplash)
Published on Nov 19, 2021 05:15 PM IST
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Written by Sharmita Kar | Edited by Avik Roy, Hindustan Times, New Delhi

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  • The proposal to bring cryptocurrency gains under the ambit of tax comes amid reports that the government is mulling to introduce a bill on cryptocurrencies during the winter session of Parliament beginning November 29.
Bajaj also pointed out that when it comes to income tax, people are already paying capital gains tax on the income from cryptocurrency.(Reuters File)
Bajaj also pointed out that when it comes to income tax, people are already paying capital gains tax on the income from cryptocurrency.(Reuters File)
Published on Nov 19, 2021 04:48 PM IST
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Written by Shankhyaneel Sarkar | Edited by Poulomi Ghosh, Hindustan Times, New Delhi

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It further said that Adani Ports and SEZ Ltd (APSEZ) extended all assistance possible for this operation and thanks to the Customs and DRI personnel for their quick and coordinated action.
In a media statement, the company said that the cargo was listed as non-hazardous but the seized containers had hazard Class 7 markings (which indicate radioactive substances).(Representative Photo/HT File)
In a media statement, the company said that the cargo was listed as non-hazardous but the seized containers had hazard Class 7 markings (which indicate radioactive substances).(Representative Photo/HT File)
Published on Nov 19, 2021 04:35 PM IST
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ANI | , New Delhi

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  • Trading in equity, equity derivative, and SLB segment will remain suspended, according to the stock market holiday calendar available on the BSE website.
Bombay Stock Exchange (BSE).
Bombay Stock Exchange (BSE).
Published on Nov 19, 2021 07:26 AM IST
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  • The committee, in its report, has now suggested that a nodal agency be set up which will verify the technological credentials of digital apps of balance sheet lenders and lending service providers.
The report’s thrust is on enhancing customer protection and making the digital lending ecosystem safe while encouraging innovation. (Representational image)(REUTERS)
The report’s thrust is on enhancing customer protection and making the digital lending ecosystem safe while encouraging innovation. (Representational image)(REUTERS)
Published on Nov 19, 2021 06:13 AM IST
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ByShayan Ghosh, Hindustan Times, Mumbai

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Paytm stock registered a fall of over 27 per cent from the issue price of 2,150. It got listed at 1,955 and then ended the day at 1,564.
Paytm CEO Vijay Shekhar Sharma has street food from a roadside stall after listing ceremony of the company at Bombay Stock Exchange (BSE), in Mumbai on Thursday.(PTI Photo)
Paytm CEO Vijay Shekhar Sharma has street food from a roadside stall after listing ceremony of the company at Bombay Stock Exchange (BSE), in Mumbai on Thursday.(PTI Photo)
Published on Nov 19, 2021 06:07 AM IST
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Byhindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

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  • The selloff in Paytm’s shares shows that investors are becoming more discerning about valuations and the stocks they choose to invest in.
The disappointing debut of One 97 Communications Ltd, the company that runs the Paytm payments service, casts a shadow over the otherwise red-hot IPO market. (File Photo)(REUTERS)
The disappointing debut of One 97 Communications Ltd, the company that runs the Paytm payments service, casts a shadow over the otherwise red-hot IPO market. (File Photo)(REUTERS)
Updated on Nov 19, 2021 05:51 AM IST
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ByNasrin Sultana, Hindustan Times, Mumbai

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According to aviation regulator DGCA, domestic airlines flew 8.99 million passengers last month, as against 5.27 million in October 2020.
IndiGo flew 4.8 million passengers in October 2021, the highest among all domestic carriers (Used only for representation)
IndiGo flew 4.8 million passengers in October 2021, the highest among all domestic carriers (Used only for representation)
Published on Nov 18, 2021 09:28 PM IST
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Byhindustantimes.com, New Delhi

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  • Alibaba said profit came in at 5.37 billion yuan ($833 million) for the July-September period, falling from 28.77 billion yuan earned over the same stretch last year.
The Hangzhou-based company's revenues -- generated mainly by its core e-commerce operations -- reached 200.7 billion yuan, up 29 percent.(REUTERS)
The Hangzhou-based company's revenues -- generated mainly by its core e-commerce operations -- reached 200.7 billion yuan, up 29 percent.(REUTERS)
Published on Nov 18, 2021 06:42 PM IST
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AFP |

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The bid by the US to cool markets, asking China to join a coordinated action for the first time, comes as inflationary pressures - partly driven by surging energy prices - start to produce a political backlash.
Brent crude was down 42 cents, or 0.5%, to $79.86 a barrel by 1217 GMT, after earlier dropping to $79.28, the lowest since Oct. 7.(REUTERS)
Brent crude was down 42 cents, or 0.5%, to $79.86 a barrel by 1217 GMT, after earlier dropping to $79.28, the lowest since Oct. 7.(REUTERS)
Published on Nov 18, 2021 06:10 PM IST
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Reuters |

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  • After today's crash, the company's market valuation falls to 1,01,484.00 crore on the BSE.
Paytm's <span class='webrupee'>₹</span>18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale last week.(REUTERS)
Paytm's 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale last week.(REUTERS)
Published on Nov 18, 2021 05:30 PM IST
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Govt to refund 7,900 crore retro tax to Cairn; company to withdraw cases

Following the issuance of Form-II, Cairn will now start withdrawing all cases in international courts.
Cairn India employees work at a storage facility for crude oil at Mangala oil field at Barmer(HT File)
Cairn India employees work at a storage facility for crude oil at Mangala oil field at Barmer(HT File)
Published on Nov 18, 2021 05:21 PM IST
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PTI | , New Delhi
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