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Home  Business

Business

Rupee surges 40 paise to 85.05 against US Dollar on weak greenback, strong equities

Rupee surges 40 paise to 85.05 against US Dollar on weak greenback, strong equities

  • Trump says he’ll delay threatened 50% tariff on EU until July

    That agreement came after a call Sunday with Ursula von der Leyen, the president of the European Commission, who had told Trump that she “wants to get down to serious negotiations”
  • Opinion: Creating remote-first world

    The much-lauded flexibility of remote work is a privilege that’s not yet equally distributed
  • India has become 4th largest economy, overtaking Japan: NITI CEO BVR Subrahmanyam

    Subrahmanyam said the overall geopolitical and economic environment is favourable to India. "We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak," he said
  • India, Maldives to review implementation of economic, maritime security partnership on May 26

    EAM S Jaishankar and his Maldivian counterpart Abdulla Khaleel will take stock of the implementation of the India-Maldives comprehensive economic and maritime security partnership
  • PNB targets Rs 16,000 cr recovery, aims to keep slippages below 1 per cent in FY26: MD Ashok Chandra

    The total recovery of the PNB stood at Rs 4,733 crore for the fourth quarter and Rs 14,336 crore for FY25, while overall slippage ratio was 0.73 per cent during the last financial year
  • Government-owned ONGC strikes more oil & gas in Mumbai offshore basin

    The discoveries, which have been named 'Suryamani' and 'Vajramani', have been struck in blocks awarded under the Open Acreage Licensing Policy (OALP) regime, the ONGC said
  • More limited edition trims to debut in Indian market: Range Rover MD Martin Limpert

    The Range Rover brand is looking at enhancing its presence as it anticipates growth in the Indian market, with the number of high-net-worth individuals expected to rise at a fast clip by the end of this decade
  • Airtel approaches Jio, VIL on joint telecom initiative against rising telecom fraud and scams

    Airtel has also urged all telcos to collaborate and collectively address the growing threat of deceptive and malicious scams targeting vulnerable individuals
  • Hyd-based Dr Reddy’s gets 2 observations from USFDA for Telangana API plant

    The US Food & Drug Administration (USFDA) completed a GMP inspection at the company's API (active pharmaceutical ingredients) manufacturing facility (CTO-5) in Miryalaguda, Telangana, the Hyderabad-based drug maker said
  • ‘Made in US’ Apple iPhone can cost nearly Rs 3 lakh: Analysts

    A ‘Made in US’ Apple iPhone can cost a whopping $3,500 (more than Rs 2,98,000) in the absence of a fully-integrated supply chain in the country, according to top analysts
  • Supreme Court grants stay on Rs 5,712-cr GST notice sent to First Games: Paytm

    SC has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games
  • Hyd-based Apollo Micro Systems Ltd Q4 net profit grows 8 per cent to Rs 14 crore

    AMSL had posted a net profit of Rs 12.9 crore in the January-March period of 2023-24, the company said in a statement. AMSL's operational revenues increased by 19 per cent to Rs 161.7 crore from Rs 135.4 crore in Q4 FY24
  • It is ok to go to India to build its plants, but Apple is not going to sell in US without tariffs: President Trump

    “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the US
  • Govt approves interest rate at 8.25 per cent on employees’ provident fund for FY25

    "Ministry of Finance has given concurrence to 8.25 per cent rate of interest on the EPF for 2024-25 fiscal year and labour ministry sent a communication regarding this to the EPFO on Thursday," a labour ministry official said
  • LIC earns Guinness World Record for selling highest life insurance policies in 24 hours

    Life Insurance Corporation of India said it has earned a Guinness World Record title for most life insurance policies sold in 24 hours
  • ‘Made in US’ iPhone could cost $3,500 without Asian supply chain: Analysts warn of massive cost surge

    Dan Ives, global head of technology research at Wedbush Securities, told CNN that the notion of producing iPhones entirely within the U.S. is a “fictional tale.” He also cautioned that attempting to recreate Apple’s intricate Asian supply chain domestically would lead to significantly higher production costs.
  • Talks with Pakistan on budget ‘constructive’: IMF

    The IMF team started high-level policy talks in Islamabad on May 19 to discuss the FY 2025-26 budget, which went on for days but apparently were inconclusive, forcing the government to delay the announcement of the budget till June 10
  • Piyush Goyal meets EU counterpart for second time in a month on FTA talks

    Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations
  • India emerges as global iPhone hub as Apple boosts manufacturing amid global shifts

    "India is rapidly emerging as a global center for high-tech manufacturing, driven by progressive initiatives like the Production Linked Incentive (PLI) scheme and the consistent efforts of the Indian government," Chandrasekhar stated in a post on X.
  • Charminar’s warq craftsmen face hard times

    Warq making is a herculean task. For long hours, the workers sit pounding leather packets with hammers to make the flimsy silver or gold foils. Small pieces of silver and gold are purchased from local gold and silver merchants
  • Opinion: Softening inflation can spur growth

    However, summer heat poses high upside risks to food prices in addition to elevated geopolitical risks and tariff war
  • Six-member board to regulate payment systems in India, government to have a say in new Payments Regulatory Board

    In October 2018, RBI had released its ‘Dissent Note’ against having a regulator for payment systems outside the central bank
  • RBI to pay government record dividend of Rs 2.69 lakh crore for FY25

    The Reserve Bank of India had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24. It was Rs 87,416 crore for 2022-23
  • Make iPhones in US or pay 25% import tax, Trump threatens Apple

    Apple, led by CEO Tim Cook, in response to Trump’s tariffs on China is looking to shift iPhone manufacturing to India as it adjusts supply chains
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