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Home  Business

Business

Rupee slumps 34 paise to 72.85 against US dollar in early trade

Rupee slumps 34 paise to 72.85 against US dollar in early trade

  • Sensex rallies over 500 pts in early trade; Nifty tops 14,650

    The 30-share BSE index was trading 510.31 points or 1.04 per cent higher at 49,518.81, and the broader NSE Nifty surged 162.70 points or 1.12 per cent to 14,670.
  • Samsung Mini LED TVs earn advanced Wi-Fi 6E certification

    Samsung said its two Neo QLED TV models -- QN900A and QN800A -- became the industry's first TVs to get Wi-Fi 6E (6th Generation Extended) certification from the Wi-Fi Alliance (WFA)
  • Humsafar easing diesel delivery for industry

    Plans to expand its services from 12 cities to 50 cities in next six months
  • Big private banks to accelerate market share gains: MOFSL report

    Motilal Oswal report says the growth is expected to take place due to strong capital position and robust liability franchise.
  • Credit Suisse, Nomura shares plunge on US hedge fund’s default

    Credit Suisse said that a significant US-based hedge fund defaulted on margin calls made last week by it and certain other banks, and following the failure of the fund to meet these margin commitments
  • Bharat Biotech, Biovet, Sapigen Biologix sign collaborative research pact with CSIR-IICT

    To collaborate on the development of novel platform technologies for biotherapeutics and vaccines to support the indigenous, affordable healthcare solutions for humans and animals
  • Ethanol sale for compatible automobiles to boost demand: Report

    "Of the total contracted quantity of 3 billion litres for ethanol supply season 2020-21, 0.8 billion litres of ethanol had been supplied till the first week of March, indicating a blending rate of around 7 per cent
  • Indian rupee logs over 4% gain this fiscal

    The financial year 2020-21 has been a roller-coaster ride for the rupee due to Covid-19. The pandemic-induced massive sell-off in the equity market led the rupee breach record low of 76.90.
  • Sensex zooms over 66% in FY21

    This extraordinary rally holds significance as markets faced volatile trends this fiscal. The BSE benchmark hit its one-year low of 27,500.79 on April 3 last year.
  • Crude oil tumbles as Suez ship freed

    This will clear the canal and allow movement on the busiest waterway in the world. Crude prices fell after rising 4 per cent over the last few days as the blockage was causing $ 9 billion of trade loss every day.
  • Galaxy S21 smartphone sales top 1mn units in S. Korea

    The South Korean tech giant said the S21, which was released here on January 29, achieved the milestone 57 days after its launch, about one-month faster than its predecessor the S20.
  • iPhone 13 Pro to feature matte black option, improved Portrait mode

    According to a report by Max Weinbach via Everything ApplePro's YouTube channel, the iPhone 13 will come with a matte black option for the Pro and Pro Max models
  • Suez Canal blockade to cause losses in billions of dollars for insurers

    For India, pressure could mount for certain industries that depend on Europe and the US and it is expected that there could be pressure for a while on the Indian ports on the west coast as many of these vessels may seek berthing together/in rapid succession.
  • Cement demand growth expected to continue in Q4FY21: Ind-Ra

    This trend, Ind-Ra cited was led by the continued momentum in the rural segment and some traction in infrastructure.
  • Covid ups demand for higher health cover

    The demand was triggered mainly due to rising hospitalisation expenses for Covid treatment, according to insurance aggregator and lead generator Policybazaar.com official.
  • GeneStore to expand product portfolio

    Company to initiate mRNA-based vaccine development to treat infectious diseases and genetic disorders
  • Original Equipment Manufacturers get into e-scooter making

    "We believe that e-Two-Wheelers (2Ws) are ready for disruption, particularly urban focused scooters are at risk of faster electrification," MOFSL report said.
  • Kirloskar Brothers to be debt-free company, focus on profitable growth

    After being debt-free, the company will focus on cash flow and will not chase topline (revenue) numbers at the cost of profitability, said KBL Director Alok Kirloskar.
  • Indian companies raise over Rs 31,000 cr through IPO in FY21

    This also marks the highest fund-raising through IPOs in last three years.
  • MNRE asked to up solar capacity addition

    Target for solar rooftops cannot be achieved without implementing net metering: Parliamentary panel
  • Coal production likely to fall marginally

    Officials attributed Covid-19 disruptions as the key factor behind lower demand resulting in a stockpile building up, compelling the mining giant to moderate output.
  • Cairn to file lawsuits to enforce $1.2 bn arbitration award

    The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries.
  • RBI likely to maintain status quo at its next monetary policy review: Experts

    The policy repo rate or the short-term lending is currently at 4 per cent, and the reverse repo rate is 3.35 per cent.
  • TRAI writes to NIC, key ministries, and others on new norms for bulk SMS

    TRAI's new regulatory requirement for commercial messages, based on blockchain technology, aims to curb unsolicited and fraudulent messages.
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