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Home  Business

Business

Rupee rises 34 paise to 84.96 against dollar amid crude price drop, US tariff impact

Rupee rises 34 paise to 84.96 against dollar amid crude price drop, US tariff impact

  • India imposes ‘uniquely burdensome’ certification requirements: White House  

    The White House fact sheet, read by Trump says India's uniquely burdensome and duplicative testing and certification requirements in sectors such as chemicals, telecom products, and medical devices make it difficult or costly for American companies to sell their products in India
  • US reciprocal tariff may shave off India’s GDP by up to 50 bps: Experts

    India, however, is likely to be relatively less impacted among Asian economies as other countries have been hit by higher tariff rates or run a larger trade surplus with the US
  • Ferrari opens showroom in Bengaluru. ‘Hope they sell roads too, as an accessory’, say netizens

    Ferrari is reportedly paying Rs 8 lakh as rent for a 10,000-square-foot showroom space in Bengaluru
  • Maruti cars turn costlier

    India’s largest carmaker said it has planned to increase car prices due to rising input costs, operational expenses, regulatory changes and feature additions
  • NMDC dawns on a new fiscal, conquering March with record Q4 sales

    The company achieved its highest-ever Q4 sales performance since inception, with sales rising to 12.66 MnT.
  • Govt appoints NCAER Director General Poonam Gupta as RBI Deputy Governor

    The post of the Deputy Governor of RBI fell vacant after M D Patra demitted office in January.
  • ‘Uber for Teens’ rolls out in Hyderabad, other major cities

    A key feature of ‘Uber for Teens’ is that it allows parents to have oversight on the rides their children book, says the company
  • Opinion: Echoes of ‘Imperial Presidency’ — Unilateral America in a multipolar world

    Will Trump’s actions have enough firepower to bulldoze a new hierarchy in the American polity and the world order at large?
  • Zomato slashes 600 jobs; hits employees in Hyderabad, Gurugram

    According to reports, the company had hired nearly 1,500 employees last year through its Zomato Associate Accelerator Program to fill customer support roles. However, in recent weeks, many of these employees have been let go without any prior notice
  • Sensex crashes by 1,390 points as US ‘Liberation Day’ fear grips Indian markets

    US President Donald Trump plans to roll out a set of reciprocal tariffs on April 2, which he says will be ‘Liberation Day’ for the US
  • ATF rates slashed. Will air travel get cheaper?

    The rates of commercial LPG that is used in hotels and restaurants were also reduced by Rs 41 per 19-kg cylinder. However, for cooking gas used in domestic households, the price remains unchanged at Rs 803
  • RBI at 90: Enduring partnership between RBI and government essential, says President Murmu

    Speaking at the closing ceremony of the commemoration of 90th year of Reserve Bank of India, President Murmu lauds RBI for taking proactive measures to strengthen and safeguard a secure banking environment
  • Indians working abroad sent home a record $129.4 billion in 2024

    India tops the list of recipient countries for remittances in 2024 and is way ahead of second-placed Mexico with $68 billion
  • Vanguard to set up first Global Capability Center in Hyderabad, plans to hire 2,500 employees

    A delegation from Vanguard, led by CEO Salim Ramji, met with Chief Minister A Revanth Reddy and senior officials. Following the discussions, Vanguard announced plans to expand its Hyderabad office, with a focus on hiring engineers specializing in Artificial Intelligence, Data & Analytics, and Mobile Engineering.
  • Nokia to upgrade Vodafone Idea’s optical transport network for 4G, 5G expansion

    Jagbir Singh, CTO of Vodafone Idea Limited, stated that with Nokia’s advanced optical network solutions, they are eager to develop a flexible, high-capacity, and future-ready network that will contribute to India’s digital transformation and foster innovation across various sectors.
  • “Can y’all chill, our team needs sleep,” says OpenAI CEO Sam Altman after Ghibli images take over internet

    On March 25, OpenAI introduced its newest AI-powered image generator, integrated with ChatGPT's GPT-4o model. This feature allows users to refine images iteratively and maintain consistency across multiple edits.
  • Explained: Key I-T rule changes for salaried employees from April 1

    From a higher tax-free income limit to changes in TDS rules, these revisions will impact every taxpayer in India. One of the biggest reliefs for taxpayers is the increase in the tax-free income limit under the new tax regime
  • Kapil Dev lauds Adani Group’s commitment to promoting golf in India

    Adani Group also announced its entry into Indian professional golf with the launch of the 'Adani Invitational Golf Championship 2025'
  • Interest rates on small savings schemes, including PPF, NSC, remain unchanged

    The rates of interest on various Small Savings Schemes for the first quarter of FY 2025-26 starting from 1st April, 2025 and ending on 30th June, 2025 shall remain unchanged from those notified for the fourth quarter (1st Jan, 2025, to 31st March, 2025) of FY25, said a Finance Ministry notification
  • Restaurants cannot mandatorily levy service charge on food bills: Delhi HC

    Justice Prathiba M Singh dismissed petitions of restaurant bodies challenging Central Consumer Protection Authority guidelines prohibiting hotels and restaurants from levying mandatory service charge on food bills
  • US on egg hunt in Europe to ease prices at home  

    Germany, Italy, Poland and Sweden are among the nations the US Department of Agriculture approached to address the shortage brought on by a bird flu outbreak. But supplying Americans with eggs would be complicated for these foreign producers
  • BSE shares in heavy demand; jump nearly 18 per cent

    The stock of the exchange surged 17.81 per cent to Rs 5,519 on the NSE. Meanwhile, the National Stock Exchange (NSE) has deferred its plan to change the expiry day of all index and stock derivatives to Monday from Thursday until further notice following the Sebi's consultation paper
  • Rupee gains 18 paise to 85.56 against US dollar on strong foreign inflows

    According to forex dealers, foreign investors have injected over USD 2 billion into Indian equities over the past four days, while month-to-date inflows into Indian bonds have surpassed USD 3 billion. However, the local currency's sharp appreciation remained limited as investors weighed the potential economic impact of rising global trade concerns.
  • Sensex, Nifty slip in early trade amid global weakness; FIIs continue buying

    The 30-share BSE Sensex dropped 144.66 points to 77,461.77 in early trading, while the NSE Nifty slipped 38.7 points to 23,553.25. Among the Sensex constituents, Mahindra & Mahindra, Infosys, Power Grid, Sun Pharma, HCL Tech, Bajaj Finance, IndusInd Bank, and Axis Bank were the top decliners.
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