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Home  Business

Business

Rupee weakens 9 paise to 85.67 amid rising US yields, FII outflows

Rupee weakens 9 paise to 85.67 amid rising US yields, FII outflows

  • Opinion: Design I-T system for Digital Economy

    The proposed Bill does not entirely overhaul the existing Income Tax Act 1961, but streamlines terminology and language and simplifies the provisions
  • OFFIX launches flagship luxury co-office space in Hyderabad

    With over 100 sft per user—more than double the Indian industry average — it sets a new benchmark in workspace quality
  • Airtel partners with Google to offer six months free 100 GB of cloud storage subscription to postpaid and Wi-Fi customers

    All postpaid and Wi-Fi customers will get access to six months of 100 GB of Google One cloud storage at no extra cost. After six months, a fee of Rs 125 per month will be added to the customer's monthly bill
  • 6 companies, including The Leela hotel chain owner, to launch their IPOs in May

    Together, these six companies are expected to raise Rs 11,669 crore as IPO market starts buzzing again
  • Myntra extends its foray with Singapore, targets Indian diaspora

    Myntra announced its foray into Singapore as part of its growth strategy
  • Smartphones surpass petroleum and diamonds to become India’s top export in FY25

    For the first time, smartphones have become India’s top export in FY25, overtaking traditional leaders like petroleum products and diamonds. The shift signals a major transformation driven by domestic manufacturing push and global demand for India-assembled mobile device
  • India, Maldives sign 13 MoUs to enhance ferry services, implement projects under Indian grant assistance

    The signing ceremony took place at the Ministry of Foreign Affairs, marking another milestone in the ever-strengthening partnership between the two countries, the Maldives' Ministry of Foreign Affairs said in a statement
  • Restrictions on Bangladesh readymade garment imports to empower Indian RMG manufacturers: CITI

    In a recent notification issued by the office of the Director General of Foreign Trade (DGFT), India has suspended imports of all types of readymade garments from Bangladesh through land ports
  • Bangladesh faces Rs 6,600 crore hit due to India’s curbs on trade

    India’s Directorate General of Foreign Trade (DGFT) issued a notification imposing land port restrictions on the import of goods such as readymade garments, processed food items etc., from Bangladesh to India with immediate effect
  • US-based firm Vast keen to collaborate with ISRO on Bharat Antariksh Station

    Vast has offered to collaborate with ISRO. India plans to launch the first module of the Bharat Antariksh Station in 2028 and complete it by 2035.
  • India’s seafood exports increase despite global uncertainties

    The country exported 16.85 lakh metric tonnes of marine products in the financial year ended March 31, 2025, which represents an over 60 per cent jump. In value terms, the exports grew to $7.2 billion from $5.4 billion in FY15
  • Rewind: Work that does not pay, the double burden women bear

    When it’s domestic work, it’s a women’s job, and their external employment hardly matters as even there, the compensation is gender-linked
  • India will play lead role in shaping upcoming 6G technology regulations: Scindia

    The Union Minister of Communications also asserted that in the days to come, India will play a leading role in tailoring rules for 6G technology
  • Govt to develop digital platform for e-filing of documents in trade remedy probes

    The trade remedy investigations are carried out by the commerce ministry's arm Directorate General of Trade Remedies (DGTR)
  • Power Minister to attend BRICS Energy Ministers’ Meeting in Brazil

    Lal will showcase the country's achievements in the power sector over the past decade at BRICS Energy Ministers' Meeting on May 19
  • Hyd-based Dr Reddy’s gets 2 observations from USFDA for New York API plant

    The US Food and Drug Administration completed a Good Manufacturing Practice (GMP) inspection at the company's API (active pharmaceutical ingredients) Middleburgh facility in New York, Dr Reddy's said in a regulatory filing
  • Startup mentor Viiveck Verma on Hyderabad’s role in India’s Deep Tech and Defence future

    A TEDx Hyderabad licensee, angel investor in over 35 startups, and mentor to more than 300 ventures, Viiveck’s impact is both wide-reaching and deeply personal
  • 5 out of 10 MakeMyTrip directors have direct ties to China, says EaseMyTrip founder

    EaseMyTrip founder Nishant Pitti had earlier shared on X that “Indian Armed Forces book discounted tickets via a platform majorly owned by China, entering Defence ID, route & date. Our enemies know where our soldiers are flying”
  • IndusInd Bank shares tumble nearly 6 per cent

    The stock tanked 5.68 per cent to Rs 735.95 on the BSE. At the NSE, shares of the firm dropped 3.90 per cent to Rs 750
  • Apple’s India plans intact, say source even as Trump asks CEO Tim Cook to focus on US

    Time Cook announced that Apple will source majority of iPhones sold in the US from India in the June quarter while China will produce the vast majority of devices for other markets amid uncertainty over tax tariffs
  • India offering US zero tariff trade deal, says Donald Trump

    US President also tells Apple CEO Tim Cook to give up plan of setting up more manufacturing facilities in India
  • Chinese J-10 fighter jet maker’s stock nosedives after India’s decisive victory

    Chinese defence firm Avic Chengdu Aircraft, the maker of J-10 fighter jets which were used by Pakistan against India during the conflict, has seen its share price crashing almost 12 per cent
  • Mukesh Ambani flies to Qatar to meet Trump, second meeting since inauguration

    Reliance had last year secured waivers from the US to resume importing crude oil from Venezuela. It, however, had to stop that in March following Trump authorising a 25 per cent tariff on countries buying the South American country’s oil
  • IMF disburses USD 1.023 billion tranche under Extended Fund Facility programme for Pakistan

    The disbursement of the second tranche comes on a day when the International Monetary Fund (IMF) is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region
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