Business

Indian benchmark indices opened sharply lower on Thursday, with the Sensex dropping over 560 points and the Nifty falling more than 200 points, as rising US Treasury yields and weak global sentiment outweighed support from softer crude oil prices.

Uncertainty should not be mistaken for normality: an open Hormuz can still impose substantial economic costs

The RBI absorbed Rs 75,026 crore through an overnight VRRR auction as surplus liquidity in the banking system remained high. Banks submitted bids worth Rs 87,993 crore, while the central bank continued using VRRR auctions and OMO sales to manage excess liquidity

Indian benchmark indices rebounded on Wednesday, with the Sensex gaining 299 points and the Nifty rising 118 points. Gains in metal and financial stocks, along with stabilising crude oil prices and easing energy-cost concerns, supported investor sentiment

The rupee declined 12 paise to close at 95.74 against the US dollar, pressured by a stronger greenback and higher crude prices. Positive domestic equities provided some support, while traders monitored US Fed comments and developments involving US-Iran tensions

Zoho cofounder Sridhar Vembu said catastrophic AI predictions are overstated and a global development pause is unlikely. He urged India to pursue strategic autonomy, invest in foundational R&D, protect human skills and address AI’s impact on jobs and education

The Centre plans to launch an incentive scheme for domestic lithium and nickel processing. Mines Secretary Keshav Chandra said four states have been identified for critical mineral processing plants, with separate focus areas including lithium, nickel and rare earths

Commerce and Industry Minister Piyush Goyal outlined plans for integrated offices in major cities and a network of 1,000 trained personnel to support exporters. He also highlighted the Trade Connect platform and ongoing measures to simplify trade processes

Mark Zuckerberg's net worth rose by an estimated $25 billion in a day as Meta shares surged nearly 12 per cent. Forbes estimated his fortune at $253.6 billion, with investor sentiment boosted by Meta's artificial intelligence plans and product announcements.

Nomura’s Rob Subbaraman expects the RBI to raise rates in October and December as inflation may exceed 6 per cent. He forecasts 7 per cent FY27 growth, stronger foreign investment, and sees further US Fed tightening amid persistent global inflation pressures

The rupee strengthened by 13 paise to 95.65 against the US dollar in early trade on Tuesday, supported by easing crude oil prices and positive domestic market sentiment despite continued foreign fund outflows.

Google has been fined $463 million by Ireland’s Data Protection Commission for violating EU privacy rules through unlawful and non-transparent handling of users’ location data across services such as Web & App Activity, Location History and Android’s Location Accuracy feature.

A common currency may not be the answer; BRICS can reduce dependence through local-currency trade, digital payments and diversified reserves

The All India Mobile Retailers Association has urged the Finance Ministry to exempt small and medium mobile retailers from any proposed UPI MDR or transaction charges. AIMRA said a 0.4 per cent fee could further squeeze already thin margins

Maruti Suzuki India aims to raise female student intake at its Manesar Japan-India Institute for Manufacturing to 30 per cent by 2028-29 from 9 per cent currently. The automaker has introduced fee waivers and plans a dedicated hostel for female trainees

Tata Steel CEO T V Narendran said the company is seeking discussions with the UK government over delays affecting power supply for its 3.2-million-tonne electric arc furnace project at Port Talbot. The company said there was no delay in its construction

The rupee strengthened 15 paise to close at 95.81 against the US dollar on Monday, supported by lower crude oil prices, improved global risk sentiment, positive domestic equities and softer US Treasury yields amid expectations of US-Iran diplomatic talks

Indian benchmark indices ended higher on Monday, with the Sensex gaining 564 points and the Nifty rising for a fourth consecutive session. Cooling crude prices, foreign fund inflows and positive global equities supported market sentiment, while UltraTech Cement led major gainers

Indian equity markets opened higher on Monday, with Sensex gaining 411 points and Nifty rising 33 points, supported by realty and auto stocks and softer crude prices. Asian markets also advanced, while mixed sectoral trends and elevated bond yields remained concerns

West Bengal BJP president Samik Bhattacharya said Aditya Birla Group chairman Kumar Mangalam Birla is likely to meet Chief Minister Suvendu Adhikari soon to discuss industrial development and fresh investments. Bhattacharya said the group was urged to expand its presence in Bengal

State’s fiscal health increasingly hinges on turning sunk investments into productive capital, as incomplete irrigation and industrial projects constrain economic returns

India and the European Union discussed inter-parliamentary engagement, high-level exchanges and priorities under their Strategic Partnership during a meeting between Ambassador Pranay Verma and European Parliament official Pietro Ducci in Brussels, the Indian Embassy said in a post on X

State Bank of India has advised customers to complete branch-related banking transactions before the proposed three-day nationwide strike from September 28 to 30. SBI said digital channels, ATMs and other alternative services would help customers manage routine banking needs.

  FMCG companies are expected to hold prices through the festive season despite rising commodity costs and geopolitical disruptions. Firms have implemented modest 2-5 per cent hikes but are prioritising volume growth, consumer demand, cost optimisation and festive-season consumption over further price increases