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Home  Business

Business

Rupee gains 21 paise against dollar as trade deal hopes boost Asian currencies

Rupee gains 21 paise against dollar as trade deal hopes boost Asian currencies

  • US Senator proposes 500 per cent tariff on nations buying oil from Russia

    External Affairs Minister S Jaishankar said that any development happening in the US Congress is of interest to India “if it impacts our interest or could impact our interest”
  • Garuda Aerospace wins multi-State contracts for AI-powered drone services

    Garuda Aerospace has secured contracts from Gujarat, Tamil Nadu, and Jharkhand governments to provide AI-powered drone services, including mining surveys, database creation, and monitoring
  • Biocon Biologics gets EU approval for Denosumab biosimilars

    Denosumab biosimilars Vevzuo and Evfraxy are used for treating various bone diseases. The approvals mark a key step in the company’s European expansion and reinforce its commitment to affordable biologic therapies
  • IndiGrid to build India’s largest battery storage system with IFC

    The Rs 460-crore project will come up in Gujarat and support India meet clean energy targets by 2030
  • India launches anti-dumping probe into Indonesian multi-layer paperboard

    India’s DGTR has initiated an anti-dumping investigation into imports of multi-layer paperboard from Indonesia. The probe follows a complaint by Indian manufacturers who allege injury from cheap imports. The outcome may lead to duties, pending finance ministry approval
  • Siddaramaiah’s remarks on Covid vaccines factually incorrect, misleading: Biocon chief Kiran Mazumdar-Shaw

    Karnataka Chief Minister has said the recent heart attack deaths in Hassan district may be linked to the vaccination drive. He also claimed the vaccines were 'hastily' approved
  • LIC stock jumps 34pc from 52-week low on strong Q4 results and brand growth

    LIC shares have surged 34% from their 52-week low, driven by strong Q4 earnings, record-breaking policy sales, and rising brand value. Brokerages remain bullish, and the insurer’s market cap crossed ₹6 lakh crore after a 7-month gap.
  • Rupee falls 8 paise to 85.70 against US dollar amid FII outflows, RBI dollar demand

    The rupee fell by 8 paise to 85.70 against the US dollar in early trade Thursday, pressured by sustained FII outflows, dollar demand from the RBI, and global risk sentiment. Traders await NFP data and India-US trade deal cues.
  • Sensex, Nifty rise on Asia cues and hopes of India-US trade deal

    Indian benchmark indices Sensex and Nifty rose in early trade on Thursday, buoyed by a positive trend in Asian markets and optimism over a potential India-US trade deal. Gains in key stocks and global cues supported investor sentiment.
  • Opinion: Rethinking Urban Governance — districts, not cities, must be the focus

    India’s urban future lies not in isolated city master plans but in integrated district-level development. A district-based approach to urban governance reflects how people live, economies actually function, and development unfolds
  • Pashamylaram accident: Sigachi Industries shares fall for third straight day, tumble nearly 8 per cent

    In three days, the stock has lost 22.63 per cent on the BSE. On July 2, the stock dropped 7.34 per cent to settle at Rs 42.69 apiece on BSE while it it tanked 7.57 per cent to Rs 42.56 a share on NSE
  • Jaishankar, Rubio discuss multifaceted cooperation under US-India COMPACT

    The US-India COMPACT, which stands for Catalysing Opportunities for Military Partnership, Accelerated Commerce and Technology, was launched in February when Prime Minister Narendra Modi visited US President Donald Trump in Washington 
  • Over 27 lakh power sector employees to strike on July 9 against privatisation; protests planned in Hyderabad too

    The Uttar Pradesh government has decided to privatise Purvanchal Vidyut Vitran Nigam Ltd and Dakshinanchal Vidyut Vitran Nigam Ltd, which cover 42 of 75 districts of the State
  • Cab aggregators can charge up to 2-times the base fare during peak hours

    In the event of cancellations, a penalty of 10 per cent of the fare, not exceeding Rs 100, shall be imposed on the driver if the cancellation is made without a valid reason. A similar penalty will be imposed on the passenger when such cancellation is made without a valid reason
  • SBI Labels Reliance Communications’ loan account as ‘fraud’; names Anil Ambani in RBI report

    SBI has declared Reliance Communications’ loan account as ‘fraud’ and named Anil Ambani in its RBI report. The telecom firm, currently under insolvency proceedings, says the loans pre-date CIRP and are being addressed through a resolution plan.
  • Opinion: ILO’s long-overdue move on the platform economy

    ILO’s proposal to create binding global standards for gig and platform workers marks a turning point for labour rights
  • M&M, Toyota see growth while Maruti, Hyundai face slowdown

    India’s top carmakers Maruti Suzuki and Hyundai Motor India saw double-digit declines in June sales amid a domestic demand slowdown. While M&M and Toyota posted growth, the dip in small car sales highlights growing affordability concerns in the market
  • Editorial: GST, a tumultuous journey

    As the bold indirect tax reform completes eight years of implementation, the occasion calls for an honest appraisal and the introduction of further changes
  • Pashamylaram blast: Sigachi Industries shares fall for 2nd day, tumble nearly 6 per cent

    The stock plunged 5.57 per cent to settle at Rs 46.07 on the BSE on July 1. During the day, it dropped 8.36 per cent to Rs 44.71
  • Bangladesh clears pending dues of Adani Power

    Bangladesh makes single largest payment of USD 437 million in June, asks Adani Power to supply power from both units as per Bangladesh Power Development Board schedule
  • ED raids Raheja Developers in Delhi-NCR in money laundering case

    FIRs allege Raheja Developers fraudulently collected substantial sums from investors and homebuyers on the promise of delivering residential flats in various group housing projects
  • Mahindra sales rise 14 per cent in June to 78,969 units

    Mahindra & Mahindra posted a 14 per cent rise in overall sales for June 2025, led by SUV and tractor demand. Passenger vehicle sales rose 18 per cent, while tractor sales climbed 13 per cent. The company also recorded its highest-ever quarterly SUV performance
  • Bajaj Auto June sales rise 1 per cent to 3.6 lakh units

    Domestic sales dropped 13 per cent, strong export performance—up 21% per cent—helped offset the decline. The Pune-based company sold over 1.7 lakh units overseas
  • Telangana mango farmers face mid-season crisis as prices crash amid oversupply, Chittoor ban

    The surplus, compounded by limited processing infrastructure and restricted market access, has pushed farmers into distress, threatening their livelihoods and casting a shadow over the State’s mango industry
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