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Home  Business

Business

Rupee rises 1 paisa to 95.73 against US dollar as RBI intervention supports currency

Rupee rises 1 paisa to 95.73 against US dollar as RBI intervention supports currency

  • Meta shows greater sensitivity to CSAM after Centre’s intervention: Sources

    Government pressure has prompted Meta to take greater caution over child sexual abuse material, with the IT Ministry asserting that unlawful CSAM does not qualify for safe-harbour protection. The Centre is also examining WhatsApp usernames, algorithmic bias, AI labelling and content moderation
  • Tata Sons AGM adjourned as Tata Trusts fail to nominate representative

    The AGM was expected to discuss the directorship of Tata Sons chairman N Chandrasekaran, who has opted not to seek reappointment when his term ends in February
  • Maruti Suzuki’s ‘FRONX’ becomes fastest Indian SUV to hit 2 lakh exports

    Maruti Suzuki’s FRONX has crossed two lakh exports in under 38 months, becoming the fastest Indian SUV to reach the milestone. Manufactured in Gujarat, the SUV is exported to nearly 90 countries, reinforcing Maruti Suzuki’s leadership in India’s passenger vehicle export market
  • Vizhinjam all set for next big leap: CM Satheesan reviews port readiness before EXIM operations

    Kerala Chief Minister VD Satheesan reviewed operational preparedness at Vizhinjam International Seaport ahead of the launch of full-fledged land-based EXIM cargo operations. The milestone marks Vizhinjam’s transition from a transshipment port toward a broader international maritime hub and potential economic gateway
  • Razorpay introduces Vulcan to boost reliability of digital transactions

    Fintech major Razorpay has launched Razorpay Vulcan, India’s first transformer‑based AI payments foundation model built with NVIDIA and AWS. The model aims to reduce payment failures, enhance fraud detection, and improve transaction routing across India’s diverse digital ecosystem.
  • Stock markets decline in early trade as crude oil jumps to US$ 91 per barrel

    Indian benchmark indices Sensex and Nifty fell in early trade as elevated crude oil prices and escalating Iran-US tensions dampened investor sentiment. Rising US bond yields and foreign fund outflows added pressure, while gains in select stocks and resilient domestic earnings offered some support
  • Rupee falls 19 paise to 95.61 against US dollar

    The rupee fell 19 paise to close at 95.61 against the US dollar on Monday, pressured by weak domestic equities and rising crude prices. Traders expect a slight negative bias amid delayed US-Iran talks, broader dollar support and changing FCNR(B) deposit rules
  • Do not trust claims: Sebi cautions against social media trading tips

    Sebi on Monday cautioned investors against relying on live or real-time trading strategies offered on social media, warning that such sessions may involve unregistered investment advisers. The regulator urged investors to avoid such claims and deal only with Sebi-registered intermediaries
  • Shabnam Sinha to head Airtel Payments Bank from October 1

    Airtel Payments Bank announced a leadership transition, with Sunil Mittal set to step down as non-executive Chairman and from the board on September 30. Shabnam Sinha will become Chairperson for a three-year term from October 1, 2026
  • Rupee falls 19 paise to 95.61 against US dollar

    The rupee declined 19 paise to close at 95.61 against the US dollar on Monday, pressured by weak domestic equities and higher crude oil prices. Forex traders expect a slight negative bias amid geopolitical uncertainty and broader dollar support
  • Sensex falls 281 points, Nifty ends lower amid IT stock selling

    Indian benchmark indices ended lower on Monday as selling pressure in IT and FMCG stocks weighed on the market. The Sensex fell 281 points, while the Nifty declined 78 points. Experts said the near-term outlook remained volatile
  • Solex Energy Q1 profit falls 66 per cent to Rs 8.26 crore

    Solex Energy reported a 66 per cent decline in consolidated net profit to Rs 8.26 crore for the June quarter of FY27, citing higher depreciation, finance costs and working capital. Revenue rose to Rs 265.63 crore during the quarter
  • India is world’s second-largest fish producer, contributes 8 per cent to global output

    India is the world’s second-largest fish producer, contributing 8 per cent to global output, the government said. Since 2015, Rs 39,272 crore has been invested in fisheries and aquaculture, supporting livelihoods, infrastructure, technology, exports and the country’s Blue Economy
  • Rupee likely to weaken to Rs 99 per dollar by FY28-end amid global risks: BMI

    The rupee is expected to weaken to Rs 97 per dollar by FY27-end and Rs 99 by FY28-end, BMI said. Elevated energy prices, global risk aversion and interest-rate differentials will pressure the currency, while capital inflows and remittances may cushion depreciation
  • Asian, European shares mixed after US stocks retreat from record high

    Asian and European shares traded mixed on Monday after US stocks retreated from their all-time high following weaker economic data. Investors also monitored oil prices, US interest rate policy, corporate earnings and uncertainty over oil supplies through the Strait of Hormuz
  • Sensex, Nifty open lower as US-Iran war uncertainty keeps crude prices elevated

    Indian equity markets opened slightly lower on Monday as unresolved US-Iran tensions kept crude oil prices elevated. Nifty and Sensex declined in early trade, while financial, banking and FMCG stocks weakened. Analysts expect range-bound trading, with stock-specific opportunities in midcaps and smallcaps
  • RBI to stay in ‘wait-and-watch’ mode, supply side induced hike in inflation under watch

    Yes Bank expects the RBI to maintain a wait-and-watch approach on interest rates despite rising inflation, as supply-side shocks have not triggered broad second-round effects. July WPI inflation eased slightly to 9.8 per cent, while manufacturing input pressures remain elevated
  • Govt sets LPG production targets for refiners; Reliance gets largest quota

    The government has set facility-wise LPG production targets for 21 refineries and upstream companies, creating a domestic supply buffer against import disruptions. The framework mandates infrastructure upgrades, storage capacity and higher production during shortages to reduce India’s dependence on imported cooking gas
  • IPO wave: six companies eye nearly Rs 5,600 cr next week

    Six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, are set to raise nearly Rs 5,600 crore through IPOs next week. The issues will support expansion, capital expenditure and debt repayment, taking the number of 2026 IPOs to 54
  • Domestic investors remain net buyers, FIIs turn optimistic

    Domestic institutional investors remained consistent buyers, investing Rs 38,715 crore over the past month, while foreign investors resumed buying after heavy selling. However, rising crude oil prices, geopolitical uncertainty and mixed global cues pressured Indian equities, with Sensex and Nifty ending lower 
  • FIIs remain net buyers for third week, DIIs continue buying

    Foreign institutional investors remained net buyers in India for the third consecutive week, purchasing Rs 1,228.24 crore, while domestic institutions bought Rs 7,768 crore. The Nifty fell 0.8 per cent as elevated crude prices weighed on sentiment.
  • Gold prices rise 0.86 per cent as weak US data lifts demand

    Gold prices rose 0.86 per cent weekly as weaker US economic data strengthened expectations of steady Federal Reserve interest rates. MCX gold and silver also gained, while crude oil remained volatile amid Middle East tensions and developments around the Strait of Hormuz
  • EV sales surge to 25 lakh units in 2025-26: PM Modi

    Prime Minister Narendra Modi highlighted India's growth in electric vehicles, bioeconomy and aviation during his Independence Day speech. He said EV sales rose sharply, while the bioeconomy expanded significantly, creating new opportunities for young people and strengthening India's emerging industries
  • Nifty, Sensex post weekly losses amid crude price rise and global uncertainty

    Indian equity benchmarks Nifty and Sensex posted weekly losses after two consecutive weeks of gains, as rising crude prices and global uncertainty weighed on sentiment. Better corporate earnings, stable rupee and improved FII participation provided some support.
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