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Home  Business

Business

Rupee opens on flat note against US dollar in early trade

Rupee opens on flat note against US dollar in early trade

  • Markets rebound in early trade on firm global trends

    Top gainers among Sensex components included Bharti Airtel, Infosys, Tech Mahindra, HCL Technologies, Mahindra & Mahindra, Reliance Industries, and Tata Consultancy Services.
  • Equity indices rise as Reliance Industries, ITC lead buying spree

    In early trade, the 30-share BSE Sensex surged 138.53 points to reach 73,243.14, while the NSE Nifty rose by 60.7 points to 22,278.55.
  • Rupee strengthens to 83.47 against US Dollar

    According to forex traders, the USD/INR pair is anticipated to stay range-bound with a slight bias towards weakness, as foreign investors purchase US dollars and the Reserve Bank of India (RBI) sells the currency.
  • There will be two policy rate cuts by the RBI this fiscal: CRISIL

    Food inflation could ease if the monsoon turns favourable this year, as IMD weather forecasts suggests. Weather risks and the uptick in crude oil prices will be key to growth.
  • Kia unveils revamped EV6 electric vehicle

    Kia said it accentuated the dynamism of the new EV6 under the company's design philosophy named "Modern Contrast."
  • Indian tech leaders support Ola’s Bhavish against Microsoft, LinkedIn

    Zoho's CEO Sridhar Vembu echoed Aggarwal's sentiment, stating, "India must firmly oppose this woke imperialism."
  • UPI payments see surge in India, leading people to overspending too: Experts

    The seamless digital journey via the UPI mode has also resulted in people overspending on stuff they actually may not need at times.
  • Ola Electric commences deliveries of its mass-market S1 X scooters

    The affordable price points, coupled with an 8-year/80,000 km extended battery warranty at no extra cost, make the S1 X scooters one of the most attractive EV propositions available in the market currently.
  • Gold prices surge on Akshaya Tritiya in Hyderabad, setting new highs for May

    On Friday, the price of 24-carat gold soared to over a 10-day high, settling at Rs 73,090 per 10 grams.
  • Sensex up by 466 points, Nifty climbs over 22,050

    Compared to the largecap, midcap, and smallcap indices are underperforming. Nifty Midcap 100 is down 2.10 points at 49,107, and Nifty Smallcap 100 is down 3.90 points at 15,991.
  • Sensex slips over 1,000 points as broad sell-off continues in Indian stocks

    Among sectors, almost all the major sectoral indices witnessed profit booking at higher levels but energy and metal indices lost the most, shedding nearly 3 per cent.
  • Air India Express strike: Air India to operate on AIX 20 routes

    “We will be operating 292 flights today. We have mobilised all resources and Air India will support us by operating on 20 of our routes,” said the airline in a statement.
  • India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran

    After two years of recessionary fears, persistently high inflation, and unprecedented monetary tightening, the global macro-outlook looks relatively better now with improving growth, disinflation and monetary easing in sight, Chandrasekaran elaborated.
  • Air India Express cabin crew goes on mass sick leave, 78 flights cancelled

    A section of our cabin crew reported sick at the last minute, starting last night (Tuesday), resulting in flight delays and cancellations.
  • Hyderabad ranks third in high street stores among top Indian cities

    The report highlights that out of the 82 per cent of stores located in the top eight cities, Hyderabad accounts for 15 per cent of them.
  • Indian airlines to carry half of country’s international traffic by 2028: Crisil

    Indian airlines are looking to capture a large portion of the growth in international passenger traffic as it is typically more profitable due to higher margins
  • Rupee rises 3 paise to 83.42 against US dollar in early trade  

    At the interbank foreign exchange market, the local unit opened at 83.43 against the greenback. It later touched 83.42 in initial trade, registering a rise of 3 paise from its previous close.
  • 279 tech firms witness global job losses of over 80,000 employees in first four months of 2024

    According to data from layoff.fyi, a platform monitoring job cuts in the tech industry, 279 tech companies have collectively laid off 80,230 employees as of May 3.
  • Bajaj Auto launches Pulsar NS400Z

    The Pulsar NS series (the NS125, NS160, and NS200) got an exciting reboot in March 2023, upgraded with a new LED headlamp, digital instrument console, and Bluetooth connectivity.
  • Nifty surges to record high; Bajaj Finance soars 6%

    In early trading, the 30-share BSE Sensex surged by 470.92 points, reaching 75,082.03, while the NSE Nifty soared by 139.5 points, hitting an all-time high of 22,787.70.
  • Rupee jumps 9 paise to 83.37 against US dollar in early trade

    According to forex traders, the Indian currency faced pressure due to the outflow of foreign funds and persistently high crude oil prices.
  • iPhone sales dip 10% in March quarter; Apple stock surges post $110 billion buyback

    Apple exceeded Wall Street's expectations, resulting in its stock rising over 6% after hours on Thursday. The company achieved an all-time high in Services revenue, reaching $23.9 billion, marking a 14% increase year-over-year.
  • Apple sees strong double-digit growth in India, plans increased production: Tim Cook

    During an analyst call following the announcement of its fiscal 2024 second-quarter results, which showed revenue of $90.8 billion, Cook noted that Apple has achieved revenue records in over a dozen countries and regions, India included.
  • BMW introduces new M4 competition M xDrive in India for Rs 1.53 Cr

    The car will be sold in the country as a Completely Built-Up (CBU) model, with bookings open at BMW dealerships and through the company's online shop.
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