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Home  Business

Business

Rupee falls 8 paise to 85.70 against US dollar amid FII outflows, RBI dollar demand

Rupee falls 8 paise to 85.70 against US dollar amid FII outflows, RBI dollar demand

  • Sensex, Nifty rise on Asia cues and hopes of India-US trade deal

    Indian benchmark indices Sensex and Nifty rose in early trade on Thursday, buoyed by a positive trend in Asian markets and optimism over a potential India-US trade deal. Gains in key stocks and global cues supported investor sentiment.
  • Opinion: Rethinking Urban Governance — districts, not cities, must be the focus

    India’s urban future lies not in isolated city master plans but in integrated district-level development. A district-based approach to urban governance reflects how people live, economies actually function, and development unfolds
  • Pashamylaram accident: Sigachi Industries shares fall for third straight day, tumble nearly 8 per cent

    In three days, the stock has lost 22.63 per cent on the BSE. On July 2, the stock dropped 7.34 per cent to settle at Rs 42.69 apiece on BSE while it it tanked 7.57 per cent to Rs 42.56 a share on NSE
  • Jaishankar, Rubio discuss multifaceted cooperation under US-India COMPACT

    The US-India COMPACT, which stands for Catalysing Opportunities for Military Partnership, Accelerated Commerce and Technology, was launched in February when Prime Minister Narendra Modi visited US President Donald Trump in Washington 
  • Over 27 lakh power sector employees to strike on July 9 against privatisation; protests planned in Hyderabad too

    The Uttar Pradesh government has decided to privatise Purvanchal Vidyut Vitran Nigam Ltd and Dakshinanchal Vidyut Vitran Nigam Ltd, which cover 42 of 75 districts of the State
  • Cab aggregators can charge up to 2-times the base fare during peak hours

    In the event of cancellations, a penalty of 10 per cent of the fare, not exceeding Rs 100, shall be imposed on the driver if the cancellation is made without a valid reason. A similar penalty will be imposed on the passenger when such cancellation is made without a valid reason
  • SBI Labels Reliance Communications’ loan account as ‘fraud’; names Anil Ambani in RBI report

    SBI has declared Reliance Communications’ loan account as ‘fraud’ and named Anil Ambani in its RBI report. The telecom firm, currently under insolvency proceedings, says the loans pre-date CIRP and are being addressed through a resolution plan.
  • Opinion: ILO’s long-overdue move on the platform economy

    ILO’s proposal to create binding global standards for gig and platform workers marks a turning point for labour rights
  • M&M, Toyota see growth while Maruti, Hyundai face slowdown

    India’s top carmakers Maruti Suzuki and Hyundai Motor India saw double-digit declines in June sales amid a domestic demand slowdown. While M&M and Toyota posted growth, the dip in small car sales highlights growing affordability concerns in the market
  • Editorial: GST, a tumultuous journey

    As the bold indirect tax reform completes eight years of implementation, the occasion calls for an honest appraisal and the introduction of further changes
  • Pashamylaram blast: Sigachi Industries shares fall for 2nd day, tumble nearly 6 per cent

    The stock plunged 5.57 per cent to settle at Rs 46.07 on the BSE on July 1. During the day, it dropped 8.36 per cent to Rs 44.71
  • Bangladesh clears pending dues of Adani Power

    Bangladesh makes single largest payment of USD 437 million in June, asks Adani Power to supply power from both units as per Bangladesh Power Development Board schedule
  • ED raids Raheja Developers in Delhi-NCR in money laundering case

    FIRs allege Raheja Developers fraudulently collected substantial sums from investors and homebuyers on the promise of delivering residential flats in various group housing projects
  • Mahindra sales rise 14 per cent in June to 78,969 units

    Mahindra & Mahindra posted a 14 per cent rise in overall sales for June 2025, led by SUV and tractor demand. Passenger vehicle sales rose 18 per cent, while tractor sales climbed 13 per cent. The company also recorded its highest-ever quarterly SUV performance
  • Bajaj Auto June sales rise 1 per cent to 3.6 lakh units

    Domestic sales dropped 13 per cent, strong export performance—up 21% per cent—helped offset the decline. The Pune-based company sold over 1.7 lakh units overseas
  • Telangana mango farmers face mid-season crisis as prices crash amid oversupply, Chittoor ban

    The surplus, compounded by limited processing infrastructure and restricted market access, has pushed farmers into distress, threatening their livelihoods and casting a shadow over the State’s mango industry
  • Cabinet clears Rs 1.07 lakh crore job-linked incentive scheme

    The Union Cabinet has approved a Rs 1.07 lakh crore Employment-linked Incentive scheme to create over 3.5 crore jobs in two years. Employers will receive up to Rs 3,000 per month for hiring first-time employees, with extended benefits for the manufacturing sector
  • Jet fuel price hiked by 7.5 per cent , commercial LPG gets Rs 58.5 cut

    The increase in ATF price will add to the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost
  • Ola Electric sales drop 45 per cent in June, market share plunges to 19 per cent

    Over the past one month, the stock of the Bhavish Aggarwal-led company has lost 21.74 per cent of its value
  • Coal India production drops by 8.5 per cent in June

    Coal India Ltd reported an 8.5 per cent drop in June production to 57.8 MT, likely due to monsoon disruptions. Offtake also fell. Despite this, the government assures no coal shortage and remains focused on reducing imports and boosting domestic output
  • Nirmala Sitharaman lauds SBI’s digital transformation, says it has made banking easier

    India’s largest lender marks its 70th anniversary, plans to “solarise” 4 million homes by FY27
  • Globe Civil Projects shares jump over 28 pc in market debut

    Globe Civil Projects Ltd made a strong market debut, with shares jumping over 28% on the BSE and NSE against the IPO price of ₹71. The ₹119-crore IPO was oversubscribed 86 times, reflecting high investor demand and strong listing gains
  • Yoga business founder gets 4 years in prison after pleading guilty to tax charge

    Gregory Gumucio, founder of the "Yoga to the People" chain, was sentenced to four years in prison for conspiring to defraud the IRS. He failed to pay over $2.5 million in taxes while operating a multimillion-dollar international yoga business
  • Pashamylaram industrial explosion: Sigachi Industries shares plunge over 11.50 per cent

    The stock plunged 11.58 per cent on June 30 to settle at Rs 48.79 apiece on the BSE. During the day, it lost 14.82 per cent to Rs 47. On the NSE, the stock cracked 11.19 per cent to Rs 48.95
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