Business

The 30-share BSE Sensex index was down 288.8 points to 57,138.12 in early trade, and the broader NSE Nifty-50 index declined 79.4 points to 17,014.95.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) hiked the repio rate by 50 basis points (bps) to 5.90 per cent with immediate effect.

Key indices Nifty50 climbed over 150 points to trade above 17,000 levels and the S&P BSE Sensex jumped over 450 points to trade at 57,149 levels.

The 30-share BSE Sensex tanked 608.8 points to 56,498.72 in the early trade on Wednesday.

The starting price of the just-released iPhone 14 in India is Rs 79,900. The price may drop as it is now made domestically, although it remains a question.

The BSE Sensex and NSE Nifty benchmark indices had a gap-down start on Monday amid a direct decline in rupee and rising recession fears.

The two largest Indian e-commerce companies, Amazon and Flipkart, have decided to offer significant Diwali discounts.

The shareholders of micro blogging site Twitter on September 13 approved the $44 billion acquisition deal which was inked by the company with billionaire Elon Musk.

According to Bloomberg, TATA Group is in talks with Taiwanese company Wistron Corp. to create an electronics manufacturing joint venture in India and assemble Apple's iPhones there.