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Home  Business

Business

Rupee falls 56 paise to 86.08 vs US dollar as crude spikes, Israel-Iran conflict deepens

Rupee falls 56 paise to 86.08 vs US dollar as crude spikes, Israel-Iran conflict deepens

  • Sensex crashes 1,337 points, Nifty down 415 as Israel-Iran tensions flare

    Indian markets tanked on Friday as geopolitical tensions escalated after Israel's strike on Iran. Sensex and Nifty dropped over 1.6%, tracking weak global cues and a 12% spike in crude prices. The Air India crash in Ahmedabad added to investor anxiety.
  • Asian shares slide while oil prices surge after Israel’s strike on Iran

    US benchmark crude oil rose by $5.6, or 8.2%, to $73.61 per barrel. Brent crude, the international standard, increased by $5.52 to $74.88 per barrel
  • Opinion: Why Ambedkar matters in global discourse

    Ambedkar’s voice offers a crucial foundation for non-Western perspectives in International Relations, one that calls for a more inclusive world order
  • NPCI, IDRBT join hands to bolster security for digital payments

    NPCI and IDRBT will jointly offer specialised training programmes for technology and cyber security professionals in the banking and digital payments sectors
  • Boeing’s ‘Dream’liner crashes again

    The crash of Air India Ahmedabad-London flight puts the spotlight back on the troubled legacy of Boeing’s Dreamliner
  • Rupee slips 7 paise to 85.60 against US dollar amid equity selloff and higher crude prices

    The rupee fell 7 paise to close at 85.60 against the dollar on Thursday, tracking a sharp sell-off in domestic equities and rising crude prices. A weak dollar capped the fall, while traders await US PPI and India CPI data.
  • Coal India employees to wear uniforms from July; Rs 12,500 advance announced to each employee

    The objective behind the dress code is to bring uniformity and presentability among the PSU's employees, while reinforcing the company's brand through consistent employee appearance
  • Building India’s rare earth magnet ecosystem: A strategic imperative

    As China clamps rare-earth exports, India charts a strategic roadmap; domestic mining, homegrown processing, alternative suppliers and R&D, to safeguard its automotive and clean-tech ambitions
  • No Merchant Discount Rate will be charged on UPI transactions: Finance Ministry

    Merchant Discount Rate is the cost paid by a merchant to a bank for accepting payment from their customers via digital means. Finance Ministry’s clarification comes following reports that the government is planning to impose MDR on large-ticket UPI transactions
  • Sensex and Nifty open higher but fall on global cues, Middle East tensions

    Indian benchmark indices opened higher on Thursday but soon turned negative, pressured by weak global markets, geopolitical tensions in the Middle East, and continued FII outflows. Analysts expect the flat trend to persist without strong positive triggers. Brent crude volatility remains a concern.
  • Rupee rises 7 paise to 85.46 against US dollar amid weak greenback, crude drop

    The rupee appreciated by 7 paise to 85.46 against the US dollar, supported by a weak dollar index, falling crude oil prices, and positive equities. However, FII outflows and anticipation of CPI data capped further gains, traders said.
  • Opinion: When Philosophy meets AI

    Since AI lacks intuition and common sense, it can benefit greatly from philosophical insights that delve into meaning, reasoning, and lived experience
  • Google offers buyouts to staff in latest round of cost cutting

    It’s not clear how many employees are affected, but voluntary exit offers were made to staff in Google’s search, advertising, research and engineering units, according to The Wall Street Journal
  • Jio BlackRock receives Sebi approval to launch advisory business

    Jio BlackRock, a joint venture between JFSL and BlackRock, has received Sebi and BSE approval to start investment advisory services in India. With a digital-first approach, it aims to offer global-quality, personalised financial solutions for Indian investors
  • CCEA approves projects worth Rs 6,405 crore to double railway lines

    The government approved railway doubling projects in Jharkhand and Karnataka worth Rs 6,405 crore. These will boost connectivity, create jobs, and ease freight movement. Part of the PM Gati Shakti plan, the projects aim to reduce emissions, costs, and improve efficiency
  • AI to serve as foundational technology for future networks: DoT

    AI will power future telecom networks with smarter services and automation. India, led by institutions like C-DoT and IITs, is developing AI-based telecom tech. Supported by strong policies and a growing startup ecosystem, India aims to lead global AI networking innovations
  • UN Ocean Conference: India, Norway reaffirm commitment to strengthen ties on ocean governance, fisheries

    The Indian delegation, led by Union Minister Dr Jitendra Singh, held a 'bilateral' with Marianne Sivertsen Ness, Norway’s Minister of Fisheries and Ocean Policy at the ongoing UN Ocean Conference in France
  • GenePoweRx, MGI Tech partner to advance AI-powered genomic solutions in personalized medicine

    GenePoweRx has joined hands with MGI Tech in a strategic partnership to deliver AI-powered genomic solutions for predictive healthcare and personalized medicine. The collaboration aims to enhance global access to rapid, accurate, and preventive genomic insights.
  • Ride-Sharing giants disrupt India’s food delivery market

    With new players like Rapido entering the arena, established platforms such as Zomato and Swiggy face fresh competition driven by lower margins and innovative operational strategies
  • India’s private equity revival: Growth expected in H2 2025

    A Grant Thornton Bharat report highlights stabilized valuations, renewed outbound M&A activity, and a rejuvenated IPO market set to boost India’s private equity landscape in the second half of 2025
  • Right groups link global brands to forced labour in China

    Rights groups report alleges the Chinese government runs coercive labour practices targeting predominantly Muslim Uyghurs and other Turkic minorities
  • Syria’s economic recovery will require ‘substantial’ support, says IMF

    Following the 2024 ousting of Bashar al-Assad, countries are renewing ties with Syria. The IMF is planning reforms and capacity-building, but reconstruction could cost up to $400 billion
  • Sensex, Nifty rise in early trade on global rally, US-China trade optimism, FII inflows

    Benchmark indices Sensex and Nifty opened higher on Wednesday, tracking global gains and optimism over US-China trade negotiations. Positive FII inflows and firm Asian markets contributed to the upward momentum, while Brent crude saw a marginal dip.
  • Rupee gains 6 paise to 85.51 against US dollar on FII inflows, soft crude prices

    The Indian rupee strengthened by 6 paise to 85.51 against the US dollar on Wednesday, aided by foreign fund inflows and easing global crude prices. Traders expect range-bound movement amid demand from oil firms and government-related payments.
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