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Home  Business

Business

Rupee slips to 86.17 as crude oil surges, Middle East tensions rise

Rupee slips to 86.17 as crude oil surges, Middle East tensions rise

  • G7 summit opening in Canada with focus on trade, wars

    As US President Donald Trump returns to Canada for this year’s G7 summit in the Rocky Mountains, world leaders aim to avoid the kind of disruption seen at the 2018 meeting, which ended in acrimony and a viral image of Trump in defiance
  • Amitabh Kant resigns as G20 sherpa

    Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency
  • Rewind: Dreamliner’s sole survivor brings back memories of lone survivors — From Amazon to Ahmedabad

    Vishwash Ramesh, the sole survivor of the Dreamliner crash in Ahmedabad, joins the few in aviation history who defied death and lived to tell their tale
  • Donald Trump gives green signal for Nippon Steel investment in US Steel

    President Trump approved Nippon Steel’s investment in US Steel, with conditions to protect US national security. The $28 billion deal includes $11 billion in investments, a “golden share” for government control, and commitments to keep US operations active and American-led
  • Air India, AI Express to do away with flight number ‘171’

    The Boeing 787-8 Dreamliner aircraft that went down soon after take-off was operating the flight ‘AI 171’ from Ahmedabad to London Gatwick
  • ITC completes buying of 24 Mantra Organic brand owner Sresta Natural

    ITC has acquired Sresta Natural Bioproducts, owner of 24 Mantra Organic, for Rs 472.5 crore. This move boosts ITC’s presence in the organic food market, offering over 100 products and connecting with 27,500 organic farmers across India
  • Telangana invites global collaboration in AI, clean energy, smart healthcare

    At Global Leaders' Summit 2025, Industries Minister D Sridhar Babu highlights the State’s 10.1 per cent GDP growth, strong services sector, and high per capita income. He invites global partnerships in innovation, clean energy, healthcare, and digital technologies
  • Opinion: India vs Japan: Growth in numbers, gaps in development

    GDP can open doors, but it is the human development indices that reveal whether people are walking through them
  • Editorial: Tragedy in the air

    The horrific Air India crash in Ahmedabad involving a Boeing 787-8 Dreamliner raises serious questions over passenger safety and aircraft design
  • Finance Minister to review Public sector bank performance on June 27 after RBI rate cut

    to discuss host of issues, including review of financial performance and implementation of various government schemes
  • 11A, the economy class seat of the lone AI171 plane crash survivor

    Air India's AI171 flight crashed after takeoff, killing 241 people. The only survivor, seated in 11A near an emergency exit, may have escaped due to the seat's location. The plane gave a MAYDAY call but soon lost contact
  • LIC relaxes claim settlement process of Air India plane crash victims, expedite process

    After the Air India crash, LIC and Bajaj Allianz have eased claim rules and are speeding up settlements for victims’ families. LIC accepts government proof instead of death certificates, and both insurers have simplified processes to quickly support affected claimants
  • Hyderabad sees 37 per cent surge in premium home sales in May 2025

    In contrast, homes priced below Rs 50 lakh and those in the Rs 50 lakh to Rs 1 crore range witnessed a decline in volumes, despite continuing to account for 55 per cent and 26 per cent of total sales, respectively
  • Oil prices in international market jumps 9 per cent

    Oil prices jumped over 9% after Israel attacked Iran’s nuclear sites, raising tensions. Iran may retaliate, risking wider conflict. Despite supply risks, markets are well-stocked. India’s inflation and economy remain stable for now, says Emkay Global
  • Andhra Pradesh government launches ‘Talliki Vandanam’ scheme, Rs 15,000 to be given for school-going child

    Andhra Pradesh launched the 'Talliki Vandanam' scheme to give Rs 15,000 yearly for each school-going child. It supports mothers, improves education access, and encourages population growth. Over 67 lakh students and 43 lakh mothers will benefit
  • SBI recruits 505 probationary officers to strengthen process and delivery

    SBI hired 505 probationary officers to strengthen its workforce across the country, offering diverse career opportunities in various banking sectors. Along with this, 13,455 junior associates were recruited to improve customer service
  • Rupee falls 56 paise to 86.08 vs US dollar as crude spikes, Israel-Iran conflict deepens

    The rupee dropped 56 paise to 86.08 against the US dollar due to surging oil prices and geopolitical tensions after Israel's attack on Iran. Weak equities, FII outflows, and a tragic Air India crash further dented investor confidence.
  • Sensex crashes 1,337 points, Nifty down 415 as Israel-Iran tensions flare

    Indian markets tanked on Friday as geopolitical tensions escalated after Israel's strike on Iran. Sensex and Nifty dropped over 1.6%, tracking weak global cues and a 12% spike in crude prices. The Air India crash in Ahmedabad added to investor anxiety.
  • Asian shares slide while oil prices surge after Israel’s strike on Iran

    US benchmark crude oil rose by $5.6, or 8.2%, to $73.61 per barrel. Brent crude, the international standard, increased by $5.52 to $74.88 per barrel
  • Opinion: Why Ambedkar matters in global discourse

    Ambedkar’s voice offers a crucial foundation for non-Western perspectives in International Relations, one that calls for a more inclusive world order
  • NPCI, IDRBT join hands to bolster security for digital payments

    NPCI and IDRBT will jointly offer specialised training programmes for technology and cyber security professionals in the banking and digital payments sectors
  • Boeing’s ‘Dream’liner crashes again

    The crash of Air India Ahmedabad-London flight puts the spotlight back on the troubled legacy of Boeing’s Dreamliner
  • Rupee slips 7 paise to 85.60 against US dollar amid equity selloff and higher crude prices

    The rupee fell 7 paise to close at 85.60 against the dollar on Thursday, tracking a sharp sell-off in domestic equities and rising crude prices. A weak dollar capped the fall, while traders await US PPI and India CPI data.
  • Coal India employees to wear uniforms from July; Rs 12,500 advance announced to each employee

    The objective behind the dress code is to bring uniformity and presentability among the PSU's employees, while reinforcing the company's brand through consistent employee appearance
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