Business

The rupee strengthened 13 paise to 87.80 against the US dollar amid US-India trade optimism. Gains were supported by foreign inflows, domestic equity rally, and risk-on sentiment, as markets await updates on tariffs and oil import adjustments.

Microsoft CEO Satya Nadella’s total compensation surged to $96.5 million in FY25 — his highest since taking over in 2014. The jump reflects Microsoft’s AI-led growth, with about 90% of his pay coming from company shares tied to performance.

Gold prices are expected to open lower on Wednesday after a 5.5% global decline — the steepest since 2020. Analysts predict domestic prices could fall to Rs 1.22–Rs 1.23 lakh per 10 grams, driven by profit-booking and easing global economic fears.

Telangana’s industrial sector has seen a sharp decline in investments and job creation since the Congress government took office in December 2023. Despite high-profile investment commitments, TG-iPASS approvals have dropped significantly.

Case relates to alleged suicide of a 38-year-old employee, K Aravind, who reportedly left behind a death note accusing his seniors of workplace harassment

Gold and silver prices corrected after record highs, but festive jewellery sales during Dhanteras surged 35–40 per cent. Silver ETFs saw steep declines amid global price cooling, while gold eased on profit-booking and rate-cut expectations.

Breaking with tradition, the NSE and BSE will hold Diwali Muhurat trading in the afternoon between 1:45 p.m. and 2:45 p.m. today, marking the start of Samvat 2082. Commodity markets will follow similar timings amid festive investor optimism.

A major outage at Amazon Web Services (AWS) on Monday disrupted global access to numerous online platforms, including Alexa, ChatGPT, Snapchat, Fortnite, and Canva. The issue, traced to AWS’s US-EAST-1 region, caused increased error rates and latency across multiple services.

US President Donald Trump warned India of “massive tariffs” if it continues buying Russian oil, claiming Prime Minister Modi assured him of a halt in purchases. India denies such a commitment, citing energy diversification and market conditions.

The historic Calcutta Stock Exchange, founded in 1908, is set to celebrate its final Kali Puja and Diwali as it prepares to exit the stock exchange business. SEBI approval, land sale, and employee VRS mark the winding-up process.

Silver prices are expected to remain steady around USD 55 per troy ounce through December 2025, driven by global trade instability, investment uncertainty, and rising industrial demand from solar energy, EVs, and AI hardware, says Hindustan Zinc CEO Arun Misra.

HDFC Bank CEO Sashidhar Jagdishan clarified that AI adoption won't cause layoffs, instead shifting staff from backend to customer-facing or tech roles. Despite experimenting with generative AI, the bank sees it as a growth tool, not a job threat

HDFC Bank reported a 10 per cent jump in its consolidated net profit to Rs 19,610.67 crore for Q2 FY26. Standalone profit rose 10.82 per cent, income increased to Rs 91,040 crore, and GNPA ratio improved to 1.24 per cent, reflecting strong financial health

ICICI Bank reported a 3.2 per cent rise in consolidated Q2 net profit to Rs 13,357 crore, driven by growth in core net interest income and advances. Standalone profit increased 5.2 per cent, while GNPA ratio improved to 1.58 per cent

Yes Bank posted an 18.3 per cent rise in Q2 net profit to Rs 654 crore, driven by growth in non-core income. Core NII, deposits, and operational efficiency improved. The bank aims 10 per cent credit growth and plans 80 new branches in FY2

Gold prices touched a record Rs 1,30,874 per 10 grams ahead of Diwali, driven by global trade tensions, rupee depreciation, and strong investor demand. Analysts predict further gains as buyers rush to gold amid market uncertainty and safe-haven appeal.

Gold prices in India hit a record Rs 1,30,874 per 10 grams on Dhanteras amid festive demand and global uncertainties. Analysts expect higher jewellery sales, while trade tensions and safe-haven flows continue to drive the rally.

Mumbai: Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to […]

Jio Platforms reported a 12.8 per cent year-on-year rise in net profit to Rs 7,379 crore for Q2 FY26, driven by higher ARPU and strong uptake of JioAirFiber. Reliance Jio added 8.3 million subscribers, with data usage rising to 38.7 GB per user monthly.

Commerce Minister Piyush Goyal said India now negotiates trade agreements from a position of strength, focusing on balanced partnerships. Robust foreign reserves, low inflation, and renewable energy targets reinforce the country’s growing global economic confidence and investment attractiveness

Gold and silver prices surged to new all-time highs in India on Friday, tracking a global rally and weaker dollar. Robust investor demand, US–China tensions, and rate-cut expectations boosted safe-haven appeal, with gold gaining over Rs 2,000 on MCX.

Hyderabad-based MEIL has bagged a USD 225.5 million project from Kuwait Oil Company to design, build, operate, and maintain a gas sweetening and sulphur recovery facility in West Kuwait, marking a major milestone in its Middle East expansion.

The rupee gained 21 paise to 87.75 against the US dollar on Friday, supported by foreign fund inflows, a softer greenback, and likely RBI intervention. Analysts expect further appreciation as investor sentiment improves and crude prices remain low.

Mumbai’s Sensex and Nifty rebounded after a weak start, supported by foreign fund inflows and hopes of US Fed rate cuts. Gains in select stocks and positive investor sentiment fueled the recovery despite mixed global cues and tech sector laggards