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Home  Business

Business

Rupee sinks 50 paise, settles at 86.26 against US dollar

Rupee sinks 50 paise, settles at 86.26 against US dollar

  • Hyderabad-based Cyient to invest $100 million in semiconductor business

    The company is also looking at raising capital from an external investor by September and is in the process of appointing merchant bankers
  • Apple may export more iPhones from India amid global uncertainties: Report

    The US tech giant is considering this move as a temporary solution to reduce the rising cost of importing products from China, according to a report by The Wall Street Journal.
  • Tata Motors reports 3 per cent decline in its group global wholesales

    Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q4 FY25 were at 1,46,999 units, lower by 6 per cent against Q4 FY24
  • Swiggy Instamart unveils ‘Maxxsaver’ feature for savings on orders

    The Swiggy Instamart 'Maxxsaver' feature is aimed at making everyday shopping more affordable and rewarding
  • India secures 3rd spot-funded fintech startup ecosystem globally in Q1 2025

    The first quarter of this year witnessed a total funding of $366 million. March was the most funded month of the quarter, with $187 million raised, accounting for 51 per cent of the total funds
  • Asian shares gain, Japan’s Nikkei 225 jumps 6.5 per cent despite uncertainty over tariffs

    The rebound followed a wild day on Wall Street as US stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher
  • Pakistan stock exchange plunges over 8,000 points

    Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange. Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade
  • Google to support 20 Indian startups in AI-focused app accelerator programme

    Backed by Google Play, the initiative aims to empower app-based startups in India to harness the potential of artificial intelligence (AI) and scale their products efficiently. The programme is being conducted in partnership with the MeitY Startup Hub, whose collaboration, according to Google, has been instrumental in broadening the initiative’s reach and impact.
  • Finance Minister Sitharaman to visit UK and Austria to boost financial collaborations, bilateral ties

    The Finance Minister would participate in the 13th Ministerial round of India-UK Economic and Financial Dialogue and engage with think tanks, investors, and business leaders in the UK and Austria, according to a Ministry of Finance statement
  • India’s healthcare sector is emerging as major employer, creating over 7.5 mn jobs: Report

    The report by jobs platform foundit (formerly Monster APAC & ME), showed that the healthcare sector has also seen a 7 per cent increase in hiring over the past three months, underscoring its rapid expansion and evolving workforce dynamics
  • Zero percent GST growth: Telangana hits new low under Congress regime

    Experts have raised concerns over the stagnation, calling it a troubling indicator of an economic slowdown under the Congress-led government. They caution that it points to a broader crisis affecting key sectors of the State’s economy. Telangana recorded a revenue of ₹5,401 crore in March 2025, compared to ₹5,399 crore in March 2024 — a marginal increase that has effectively stalled the growth momentum witnessed during the BRS regime.
  • Monday Mayhem: Markets crash wipes out Rs 20 lakh crore in early morning trade

    Sensex nosedives over 5 per cent amid global market meltdown due to growing trade war concerns
  • Central Government releases over Rs 4,200 crore to Andhra for Amaravati capital project

    The World Bank and Asian Development Bank (ADB) together committed to fund USD 1600 Million (Rs 13,600 crore), USD 800 Million each, for Amaravati capital city phase-I development, while the Centre will be contributing remaining Rs 1,400 crore, out of the Rs 15,000 crore committed by the Central Government for phase-I of the development
  • Sensex crashes 3,939 points, Nifty tanks 1,160 as global markets reel from escalating US-China trade war

    All Sensex constituents were in the red, with Tata Steel plunging over 8 per cent and Tata Motors sliding more than 7 per cent. Other major losers included HCL Technologies, Tech Mahindra, Infosys, Larsen & Toubro, Tata Consultancy Services, and Reliance Industries.
  • Rupee falls 19 paise to 85.63 against dollar amid global trade war, market jitters

    Forex traders said that despite a sharp drop in crude oil prices and a weakening US dollar, the domestic currency remained under pressure due to continuous foreign fund outflows triggered by global market sell-offs.
  • Opinion: Renting our lives the new norm

    The real concern is not the existence of subscriptions but their unchecked proliferation and the gradual erosion of alternative models
  • Ghibli AI art trend: Cybersecurity experts caution about privacy breaches and data misuse

    While netizens are hooked on the viral trend of transforming personal photos into Studio Ghibli-style art using AI tools, cybersecurity experts caution that while these tools may appear harmless, the terms of services are often vague, raising questions about what happens to user photos after they are processed
  • Zomato Food Delivery Chief Operating Officer Rinshul Chandra resigns

    Chief Operating Officer Chandra has resigned with effect from April 5 "to pursue new opportunities and passions", Zomato stated in the filing
  • US tariffs to impact Indian seafood shipments adversely, say Exporters

    Out of the total seafood exports to the US, shrimps accounted for the lion's share of 92 per cent and India is the largest supplier of shrimps to the US
  • Women own 39.2 per cent of all bank accounts in India

    The number of male accounts rose from 26.59 million in 2021 to 115.31 million in 2024, while female accounts increased from 6.67 million to 27.71 million during the same period, according to the publication titled “Women and Men in India 2024: Selected Indicators and Data”, released by the Ministry of Statistics and Programme Implementation (MoSPI)
  • Billionaire Elon Musk says he hopes for zero tariffs with Europe someday

    Musk, an adviser to President Donald Trump has played a key role in government downsizing as the head of the newly created Department of Government Efficiency
  • Musk’s Grok-3 Vs China’s DeepSeek: Which is leading the AI turf war?

    Grok-3 proves that throwing 100x more GPUs can yield marginal performance gains rapidly. But it also highlights rapidly diminishing returns on investment (ROI), says report
  • Sarla Aviation plans to launch air taxis soon

    Aerospace startup Sarla Aviation had unveiled India’s first flying taxi prototype ‘Shunya’ earlier this year
  • China hits back at US with 34 per cent tariffs

    The tariffs will be imposed on American goods starting April 10; Beijing also announced it filed a lawsuit with World Trade Organization
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