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Home  Business

Business

Rupee gains 12 paise amid weak dollar, strong GDP growth and hopes of RBI rate cut

Rupee gains 12 paise amid weak dollar, strong GDP growth and hopes of RBI rate cut

  • UPI transactions see 23 pc rise at Rs 25.14 lakh crore in May

    The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April
  • India to raise issues on agriculture, fisheries, investment facilitation during WTO meet on June 3 in Paris

    The mini-ministerial meeting will be held on the margins of the OECD (Organisation for Economic Co-operation and Development) Ministerial Council Meeting in Paris
  • Kia India dispatches up 14 per cent at 22,315 units in May

    Kia India reported a 14 per cent year-on-year increase in dispatches to dealers in the domestic market
  • Gross GST collections rise 16.4 per cent to over Rs 2.01 lakh crore in May

    In May, gross revenues from domestic transactions rose 13.7 per cent to about Rs 1.50 lakh crore, while GST revenue from imports grew 25.2 per cent to Rs 51,266 crore
  • Govt reduces APM gas price for first time in 2 years

    The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu)
  • Rajiv Memani takes over as new CII President for FY26

    EY India's Chairman and CEO Rajiv Memani has assumed office as the President of the Confederation of Indian Industry (CII) for 2025-26
  • Vietnam’s Vingroup in talks with Andhra, Telangana governments to expand presence in India

    VinFast, the electric vehicle (EV) unit of Vingroup, plans to launch its VF7 and VF6 models in India before the festival season this year
  • Piyush Goyal commences official visit to France, Italy to boost strategic, economic ties

    Union Minister Goyal is scheduled to hold bilateral meetings, including with Eric Lombard, Minister of Economy, and Laurent Saint-Martin, French Trade Minister, according to the Commerce Ministry
  • Toyota Kirloskar Motor sales up 22 per cent to 30,864 units in May

    In May 2024, Toyota Kirloskar Motor had sold a total of 25,273 units
  • Hyderabad-based Dr Reddy’s not to sell Novo Nordisk’s Ozempic-like drug in India

    The undertaking to Delhi HC follows a patent infringement plea filed by the Danish drugmaker against Dr Reddy’s Laboratories and OneSource Speciality Pharma. Novo Nordisk’s blockbuster weight-loss drug Ozempic Wegovy is expected to be launched soon in India
  • Vodafone Idea reports net loss of Rs 7,166 crore in Q4, revenue slips

    Vodafone Idea has reported a wider net loss of Rs 7,166.1 crore for the fourth quarter ended March 31 (Q4 FY25), compared to a loss of Rs 6,609.3 crore in the previous quarter (Q3 FY25)
  • China’s factory activity contracts in May: Official survey

    China's purchasing managers' index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said. PMI is measured on a scale from 0 to 100, where 50 marks the cutoff between expansion and contraction
  • ‘When will PM Narendra Modi break his silence?’ Congress on Trump’s truce claims

    Congress general secretary Jairam Ramesh tagged a video clip of Trump to say this is the 11th time in 21 days that Modi's "great friend" claimed he had a role to play in the ceasefire between the two neighbours
  • Doubling tariff on steel, aluminium by US to impact Indian exporters: GTRI

    On May 30, Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4
  • SEBI confirms ban on LS Industries, key individuals amid fraud investigation

    Securities and Exchange Board of India (SEBI)'s suspension comes as part of an ongoing investigation into allegations of fraudulent activities and manipulation of the company’s share price
  • India-Chile Comprehensive Economic Partnership Agreement to boost global value chains

    The CEPA aims to unlock the full potential of the trade and commercial relationship between India and Chile, boosting employment, bilateral trade, and economic growth
  • Trump to double steel tariffs to 50 pc from next week

    The US President later posted on social media that the higher tariff rate would take effect on June 4
  • India taps to pay — Thanks to UPI

    UPI has made everyday transactions seamless, instant, and cashless for millions of people in the country
  • Three more teams to power India AI mission

    Soket AI, Gan AI, Gnani AI selected for building indigenous foundation model, said IT Minister Ashwini Vaishnaw
  • India’s Q4 GDP slows to 7.4 per cent, annual growth at four-year low of 6.5 per cent in FY25

    The size of the Indian economy rose to Rs 330.68 lakh crore or about USD 3.9 trillion, according to government data
  • Excel utility for ITR-1, ITR-4 now available. Taxpayers can start filing income tax returns

    The ITR-1 and ITR-4 forms are filed by individuals, HUFs and entities with total income up to Rs 50 lakh a year and who do not have to get their accounts audited
  • Kotak Securities slashes Ola Electric’s target price by 40 per cent

    Kotak Securities slashed price target on Ola Electric by 40 per cent to Rs 30 from Rs 50, citing continued losses and rising competition
  • Myntra creates over 20,000 employment opportunities

    Fashion and lifestyle e-commerce platform Myntra created over 20,000 gig jobs to meet expected demand surge during annual sale
  • IndiGo to start direct flights to 10 international destinations, including London, Athens

    IndiGo will start direct flights to a total of 10 international destinations, including London and Athens, other destinations include Amsterdam (the Netherlands), Manchester (the UK), Copenhagen (Denmark), Siem Reap (Cambodia) and four places in Central Asia
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