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Home  Business

Business

Rupee gains 6 paise to 86.06 against US dollar amid weaker greenback, softer crude prices

Rupee gains 6 paise to 86.06 against US dollar amid weaker greenback, softer crude prices

  • New algorithms enable AI models to collaborate across platforms

    Researchers from Israel’s Weizmann Institute and Intel Labs have developed algorithms that enable different AI models to collaborate using a shared language. The system boosts speed by up to 2.8 times and could enhance AI performance in phones, cars, and drones
  • India says ready to replace Russian oil if hit by sanctions

    India dismissed concerns over potential US sanctions on Russian oil imports, with Oil Minister Hardeep Singh Puri saying the country can meet its crude needs from other sources. Russia now supplies 40 per cent of India’s oil, up from just 0.2 per cent in 2022
  • Apple ramps up iPhone production in India to record high in H1 2025

    Apple achieved record iPhone production and exports in India during H1 2025, driven by a 53 per cent year-on-year rise. With Foxconn and Tata leading output, the move marks a strategic shift away from China and strengthens the Make in India push
  • Airtel users get one-year free access to Perplexity Pro AI tool

    Bharti Airtel has partnered with AI platform Perplexity to offer its 360 million customers a free one-year Perplexity Pro subscription worth Rs 17,000
  • Sensex, Nifty slip after early gains as markets await India-US trade deal cues

    Sensex and Nifty opened higher on Thursday but slipped into negative territory amid cautious investor sentiment ahead of India-US trade talks. FII outflows and underwhelming Tech Mahindra earnings weighed on markets, even as global oil prices and US equities rose.
  • Rupee rises 12 paise to 85.80 against US dollar on softening crude, trade talk optimism

    The rupee rose 12 paise to 85.80 against the US dollar on Thursday, supported by falling crude prices and progress in India-US trade talks. Gains were capped by FII outflows and a firm dollar. Brent crude traded lower at USD 68.46.
  • NPCI International adds 13 more banks, widens India-Singapore remittance base

    Recipient in India can receive remittances from Singapore in their accounts through their preferred UPI-enabled apps such as BHIM, Google Pay and PhonePe
  • Karnataka aerospace park: Nothing is slipping off, says Minister Patil as Nara Lokesh woos industry

    Andhra Pradesh IT Minister Nara Lokesh invites aerospace industry to invest in his State after Karnataka government scrapped the acquisition of 1,777 acres of land in Devanahalli in the face of farmers’ protest
  • JioBlackRock Asset Management gets Sebi’s nod to launch 5 mutual fund schemes

    Of these five schemes, four are equity-oriented index funds while one is a debt-oriented index fund
  • RBI to ‘wait and watch’ before further rate cuts: Governor Sanjay Malhotra

    Both growth and price stability equally important, says RBI Governor
  • Nvidia most traded US stock among Indian investors in Q2 2025: Vested report

    Nvidia was the most traded US stock among Indian investors in Q2 2025, followed by strong interest in Alphabet, Tesla, and Duolingo, according to Vested. ETF adoption surged across sectors, reflecting conviction-driven investing amid global economic shifts.
  • Hyderabad based Raminfo secures Rs 14.14 crore contract from Tripura to build ‘UNNOTI’ Citizen Services Platform

    ‘UNNOTI’ will make services faster, easier, and more accessible for citizens across 60 govt departments and 300+ schemes. Aims to empower 41 lakh citizens of Tripura
  • Sensex, Nifty decline on weak global cues, sticky US inflation, tariff concerns

    Sensex and Nifty opened lower on Wednesday amid global market weakness and rising US inflation. Experts cited tariff-related uncertainty and lack of earnings momentum as key concerns. Asian indices also traded mixed, while Brent crude inched up 0.20%.
  • Rupee falls 22 paise to 85.98 amid rising crude prices, trade slowdown

    The rupee fell 22 paise to 85.98 against the US dollar in early trade on Wednesday, weighed by rising global crude prices and weak trade data. However, later gains were supported by FPI inflows and a weaker dollar overseas.
  • SBI organises cyber fraud awareness drive across Telangana

    The campaign was held at more than 40 public locations—including parks, metro stations, indoor stadiums, supermarkets, panchayat offices, schools, and pensioners’ associations—reaching citizens from all walks of life
  • Tesla drives into India with Model Y, price starts at Rs 59.89 lakh

    The mid-sized electric SUV Model Y, once the world’s best-selling car, will be offered in India in two variants — rear-wheel drive with base price at Rs 59.89 lakh and long-range rear wheel drive at a base price of Rs 67.89 lakh
  • New SMS rules make it easier to spot spam

    Cellular Operators Association of India, however, expresses concern over spammers taking the route of over-the-top or internet messaging apps which remain unregulated
  • Hyderabad-based Aurobindo Pharma to produce, supply long-acting HIV treatment drug

    Aurobindo Pharma will manufacture and supply these injectable HIV treatment across 133 countries, including several low and middle-income markets
  • Tesla enters Mumbai, plans to open Delhi showroom soon

    The electric vehicle giant launches its ‘Experience Centre’ in Mumbai, will also set up four new charging stations in New Delhi
  • BSE building gets bomb threat, turns out to be hoax

    Mumbai's iconic BSE building received a bomb threat via email, prompting a police search that found nothing suspicious. The threat, referencing RDX IEDs, was later declared a hoax. A case has been registered, and efforts are underway to trace the sender
  • Starbucks tightens return-to-office policy, urges relocations for corporate leaders

    Starbucks will require corporate employees to work in-office four days a week and mandate relocation for people leaders to Seattle or Toronto, aligning with broader corporate shifts toward in-person work
  • India eyes US market gains as tariffs hit China, Mexico

    NITI Aayog said India’s exports to the US could gain significantly as Washington imposes steep tariffs on China, Canada, and Mexico. India is also negotiating tariff relief and trade concessions during bilateral talks aimed at finalising a trade pact
  • Samosas, jalebis to carry oil and sugar warnings in govt eateries

    The Health Ministry has mandated “oil and sugar boards” in all central government eateries to raise awareness about sugar and fat content in common snacks like samosas and jalebis
  • Wholesale inflation dips into negative territory on food, fuel deflation

    India’s wholesale price inflation entered the negative zone in June 2025 after 19 months, declining by 0.13 per cent due to falling food and fuel prices
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