Business

The rupee weakened by 9 paise to 94.55 against the US dollar in early trade on Thursday due to the broad strength of the American currency overseas, although gains in domestic equities and softer crude oil prices helped limit losses.

A study by the Centre for Analytical Finance at the Indian School of Business has found that a significant proportion of street vendors may reduce their use of UPI payments if Merchant Discount Rate (MDR) charges are imposed. The survey highlights concerns over the impact of transaction fees on digital payment adoption.

Indian benchmark indices Sensex and Nifty extended gains for the fifth consecutive session on Wednesday amid buying in FMCG, realty and metal stocks. Broader markets outperformed while IT shares declined and analysts identified 24,000 as a key resistance level for Nifty

Union Minister Nitin Gadkari said Toyota will launch a 100 per cent bioethanol-powered Innova on November 26. He highlighted potential fuel cost savings, saying the vehicle would generate nearly 60 per cent of its power through electricity while running

The rupee gained 17 paise to settle at 94.58 against the US dollar on Wednesday, supported by lower crude oil prices, a weaker dollar, foreign investor inflows and positive domestic equity markets amid improved global sentiment

India has made remarkable progress in reducing poverty, but hunger, widening inequality, unemployment, and inadequate job opportunities reveal the challenges that remain

Global crude oil prices rebounded after reported US strikes on Iran's Qeshm Island heightened fears of Middle East escalation. Brent crude rose to $105.38 per barrel, while WTI reached $97.17 amid Strait of Hormuz disruptions and ongoing diplomatic negotiations

The White House has included India among countries with which President Donald Trump claims to have secured new and improved trade agreements, despite the India-US interim trade deal announced in February not yet being formally signed.

Indian equity benchmarks rallied for a third consecutive session on Monday, with the Sensex gaining 1,233 points and the Nifty closing at 23,440. Falling crude oil prices and hopes of progress in US-Iran talks lifted investor sentiment, despite broader-market weakness

The rupee declined 10 paise to close at 94.86 against the US dollar amid a firm greenback. Gains in domestic equities and softer crude prices cushioned the fall, while foreign investor inflows offered some support

Andhra Pradesh has secured Rs 1,614 crore in investment commitments from South Korean auto component makers Hwashin, Seoyon and Iwamet. Their proposed facilities in Anantapur are expected to create 1,418 jobs and strengthen the state's automotive manufacturing ecosystem

  Indian equity markets opened higher, with Sensex rising nearly 1 per cent and Nifty gaining amid buying in energy, auto and IT stocks. Falling crude prices, easing US bond yields and strong domestic indicators supported optimism despite weak global cues 

Domestic passenger vehicle wholesales crossed five lakh units in October as festive demand drove record dispatches at major automakers, including Maruti Suzuki, Hyundai and Mahindra & Mahindra. The industry also benefited from improved affordability following lower borrowing costs and tax reforms

Commercial LPG cylinder prices increased by Rs 10 to Rs 2,820, while aviation turbine fuel rates rose by Rs 1.37 per litre from November 1. Domestic LPG, petrol and diesel prices remained unchanged despite consecutive monthly hikes in commercial fuel rates

Agricultural exports have expanded sharply and become more geographically diverse, but the shift is increasingly towards bulk commodities and away from high-value markets

The Reserve Bank of India may raise interest rates by a cumulative 50-75 basis points in the current tightening cycle, according to a Bank of Baroda report. It also highlights strong consumption, mixed tax collections and concerns over rural and urban confidence

The government has scrapped the Rs 2.50-per-litre export duty on petrol while raising levies on diesel and aviation turbine fuel. The revision comes amid fortnightly reviews of fuel export duties and efforts to safeguard domestic supplies amid global market volatility

Indraprastha Gas Ltd reported a 93.83 per cent decline in consolidated net profit to Rs 23.75 crore in the September quarter despite higher revenue and gas sales. Rising procurement costs pressured margins, even as average daily sales crossed 10 mmscmd

The Competition Commission of India has approved Adani Energy Solutions' acquisition of 100 per cent equity share capital of IntelliSmart Infrastructure from NIIF and EESL. The Rs 3,050-crore transaction also includes redemption of optionally convertible debentures held by NIIF

Indian equity benchmarks gained nearly 2 per cent during the week, supported by renewed foreign investor buying, easing bond yields and positive earnings. Pharma and healthcare stocks led gains, while investors tracked crude prices, global economic cues and domestic earnings.

The rupee gained 33 paise to close at 94.93 against the US dollar on Friday, supported by market gains and a weaker dollar. Softer crude prices and RBI intervention supported the currency, while traders flagged geopolitical tensions and oil price risks

Gold and silver prices declined on the MCX amid concerns over a possible US Federal Reserve rate hike. Silver lost more than Rs 4,000 per kg, while gold fell Rs 911, offering potential relief to festive buyers

Indian equity benchmarks opened marginally higher on Friday amid cautious global sentiment and elevated crude oil prices. IT stocks gained, while consumer durables and cement shares declined. Foreign institutional investors turned net sellers on Thursday, while domestic institutions continued buying

The Finance Ministry has defended the process for IDBI Bank's strategic restructuring, saying independent valuations and safeguards ensured a fair transaction. The government and LIC will retain stakes in the lender and benefit from any future value enhancement