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Home  Business

Business

Reliance, Rolls-Royce plan sovereign combat engine for India’s AMCA

Reliance, Rolls-Royce plan sovereign combat engine for India’s AMCA

  • Rupee rises 3 paise to 95.42 as dollar weakens overseas

    The rupee gained 3 paise to close at 95.42 against the US dollar, supported by a weaker greenback overseas. However, foreign fund outflows, elevated crude oil prices and geopolitical uncertainties kept pressure on the domestic currency
  • Sensex, Nifty end lower as oil prices rise amid Hormuz uncertainty

    Indian equity benchmarks ended lower on Friday as rising oil prices and uncertainty over the Strait of Hormuz weighed on investor sentiment. The Sensex fell 71 points and the Nifty declined nearly 30 points amid cautious trading.
  • RBI reforms may unlock $50 billion capital inflow for banks

    RBI’s recent liquidity measures and regulatory reforms could help India’s banking sector attract nearly $50 billion in capital, strengthening liquidity and capital buffers. A Uniqus Consultech report said FCNR(B) deposits and policy changes have boosted foreign currency inflows
  • Gold, silver decline up to 1 pc as US-Iran tensions weigh sentiment

    Gold and silver prices fell sharply on MCX Friday amid heightened geopolitical uncertainty following US warnings of economic measures against Iran. Gold futures declined 0.8 per cent, while silver dropped 1.27 per cent, with technical indicators pointing to continued near-term pressure
  • Vizhinjam to begin direct EXIM cargo operations from Aug 18: Shashi Tharoor

    Direct EXIM cargo movement at Kerala’s Vizhinjam International Seaport will begin August 18, marking its shift from a transshipment hub to a gateway for Indian overseas trade. The move is expected to boost Kerala’s economic benefits and strengthen regional maritime connectivity
  • Sensex, Nifty fall in early trade as crude, FII selling weigh

    Indian equity benchmarks opened lower on Friday as elevated crude prices and foreign investor selling weighed on sentiment. Sensex fell 332 points while Nifty declined 84 points. Analysts expect near-term consolidation between 23,800 and 24,400, with mid-small caps remaining active
  • Rupee gains 2 paise to 95.43 against US dollar

    The rupee gained 2 paise to 95.43 against the US dollar in early trade on Friday, supported by a weaker greenback. However, foreign fund outflows, rising crude oil prices and geopolitical uncertainties kept the Indian currency under pressure
  • India’s space sector has 440 startups, 18 receive IN-SPACe authorisations: Govt

    India’s space sector now has around 440 registered startups, with 18 startups among 52 entities receiving IN-SPACe authorisations for various activities. The government said private space companies are expected to undertake more than eight commercial rocket launches over the next two years
  • Rupee slips to 95.45 per dollar on weak equities and strong US currency

    The rupee weakened 12 paise to 95.45 against the US dollar on Thursday as weak domestic markets, foreign fund outflows and geopolitical concerns pressured investor sentiment. Strong dollar demand also weighed on the currency, while crude prices and RBI intervention offered support
  • Tata Trusts to form selection panel to find next Tata Sons chairman ahead of Chandrasekaran’s exit

    Tata Trusts has begun the process of selecting the next Tata Sons chairman after N Chandrasekaran decided against seeking reappointment beyond February 2027. The Sir Dorabji Tata Trust will constitute a Selection Committee to ensure an orderly leadership transition
  • TN govt inks 97 MoUs for commitment of over Rs 67,000 cr

    Tamil Nadu Chief Minister C Joseph Vijay witnessed the signing of 97 MoUs involving investment commitments exceeding Rs 67,000 crore at the Vettri Tamil Nadu Investors Conclave 2026. The projects are expected to create over one lakh jobs across key sectors
  • Paytm management gets SEBI notice over timing of 2023 loan curb announcement; shares trade lower

    Paytm parent One 97 Communications’ shares fell after SEBI issued show-cause notices to top executives, including CEO Vijay Shekhar Sharma and CFO Madhur Deora, over the timing of a December 2023 announcement regarding curbs on small personal loans
  • Surprise credit after overseas purchase: Tariff refunds now flowing through shippers

    US shippers including FedEx, UPS and DHL have begun passing tariff refunds to customers after the Supreme Court struck down Trump-era tariffs. While direct refunds are reaching some consumers, major retailers may lower prices instead, amid dozens of class-action lawsuits over tariff costs
  • Airtel scraps 1.5GB daily prepaid plans offering unlimited calls

    Bharti Airtel has discontinued all prepaid plans offering 1.5 GB data per day with unlimited calling, including the popular Rs 299 plan. Customers must now opt for higher-priced packs such as the ₹349 plan, which offers unlimited 5G data.
  • Editorial: FCRA Bill needs closer scrutiny

    Targeted, risk-based scrutiny—not blanket vesting powers—is the way forward to balance national security concerns with legitimate humanitarian work
  • NPS opens pension savings route for gig workers with Rs 99

    Gig workers associated with Zomato, Swiggy, Blinkit, Ola, Uber and Urban Company can now build a retirement corpus through the National Pension System, with contributions starting at Rs 99. PFRDA has introduced a flexible framework allowing workers to invest at their own pace
  • N Chandrasekaran resigns as Tata Sons chairman after nine years

    N Chandrasekaran has announced that he will not seek another term as Tata Sons chairman when his tenure ends in February 2027. His nine-year tenure saw major expansion into aviation, electronics, semiconductors and digital businesses, alongside governance challenges
  • Sensex falls 188 points, Nifty slips 36 points as oil prices weigh on markets

    Indian benchmark indices Sensex and Nifty extended losses for a second day on Wednesday as elevated crude oil prices and uncertainty over reopening the Strait of Hormuz weighed on sentiment. Sensex fell 188 points, while Nifty declined nearly 36 points
  • Tata stocks tumble after Chandrasekaran opts out of Tata Sons reappointment

    Tata Group stocks plunged up to 5.95 per cent, erasing nearly Rs 46,000 crore in market value after N. Chandrasekaran decided against seeking reappointment as Tata Sons chairman in 2027, triggering investor concerns over succession at the conglomerate.
  • Honest Money: The idea that was right — and ignored

    A neutral international trade settlement system, where no single nation's domestic politics determines the monetary conditions of every other nation, has never been built—because the nation that benefits the most from the current arrangement has never faced sufficient pressure to accept an alternative
  • Tata Sons Chairman N Chandrasekaran resigns ahead of AGM

    Tata Sons Chairman N Chandrasekaran has resigned and will not seek reappointment after his tenure ends in February 2027, reports said. His exit follows ongoing ownership and restructuring issues at Tata Sons. Shares of several Tata Group companies fell after the announcement
  • Godrej Consumer Products shares plunge 10 pc to 52-week low after CEO Sudhir Sitapati resigns

    Godrej Consumer Products shares plunged 10 per cent to a 52-week low after MD & CEO Sudhir Sitapati resigned with immediate effect. The company appointed Global CFO Aasif Malbari as his successor, triggering heavy investor activity and renewed selling pressure in GCPL stock
  • Tata Sons chairman Chandrasekaran may step down ahead of AGM

    Tata Sons Chairman N. Chandrasekaran is reportedly considering resignation before the August 18 AGM amid uncertainty over his director reappointment and differences with Tata Trusts Chairman Noel Tata. Tata group stocks, including TCS, Titan, Tata Consumer Products and Tata Power, declined
  • Sensex, Nifty fall in early trade as crude prices rise

    Indian equity benchmarks Sensex and Nifty fell in early trade on Wednesday as rising crude oil prices and geopolitical tensions weighed on investor sentiment. Metal and PSU bank stocks gained, while FMCG, Realty, Healthcare and IT stocks declined.
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