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Home  Business

Business

Rupee slips below 96, recovers to settle 3 paise lower at 95.94

Rupee slips below 96, recovers to settle 3 paise lower at 95.94

  • Govt announces over Rs 2.9 crore in soil carbon payments for 2,550 farmers

    Over Rs 2.9 crore will be distributed to 2,550 farmers in Punjab and Haryana for adopting regenerative farming practices. The payments, linked to verified carbon credits, cover around 30,000 acres and aim to provide additional income while supporting water conservation and environmental benefits
  • Crude oil futures fall by Rs 89 to Rs 9,730 per barrel

    Crude oil futures prices fell by Rs 89 to Rs 9,730 per barrel on the Multi Commodity Exchange on Thursday amid weak global trends. Analysts attributed the decline to participants offloading holdings amid weak demand in the spot market.
  • Tata Motors to hike commercial vehicle prices by up to 1 per cent from October 1

    Tata Motors will increase prices across its commercial vehicle range by up to 1 per cent from October 1, 2026. The company said the revision is aimed at offsetting rising commodity prices and other input costs, marking its second hike this year.
  • India’s semiconductor policy push gave industry strong foundation: Micron CEO

    Micron CEO Sanjay Mehrotra said India's semiconductor policy push has given the industry a strong foundation and helped the country move from vision to execution. He highlighted Micron's commercial production at Sanand and its growing workforce in India.
  • NSE’s Rs 22,569-cr IPO begins; subscribed 9 pc so far on Day 1

      The Rs 22,569-crore NSE IPO opened for subscription on Thursday and was 9 per cent subscribed within the first day. The issue, priced at Rs 1,700-1,785 per share, closes September 21, with listing expected on September 24 
  • Centre cuts windfall tax on petrol, diesel and ATF exports

    The government has cut export duties on petrol, diesel and aviation turbine fuel as part of its fortnightly review. Petrol duty was lowered to Rs 0.5 per litre, diesel to Rs 20 and ATF to Rs 15
  • US Sanctions Act puts India at risk of tariffs of up to 100 pc: GTRI

    A US House-passed bill could allow President Donald Trump to impose tariffs of up to 100 per cent on India over Russian oil purchases, GTRI said. It warned such measures could threaten Indian exports, energy security and trade relations with Washington 
  • Editorial: India’s diplomatic success at 18th BRICS Summit

    The achievement of the latest summit is not that it resolved the world’s conflicts; it is that it prevented those conflicts from destroying BRICS’ ability to talk to one another
  • UPI payments above Rs 2,000 may attract 18pc GST on MDR

    UPI payments to merchants above Rs 2,000 will attract a 0.4 per cent MDR from October 15, with 18 per cent GST on the fee. Tax experts said eligible GST-registered merchants can claim input tax credit, reducing the overall burden
  • DGFT approves import of 642 UK cars under India-UK FTA quota

    The DGFT has approved applications from seven companies to import 642 cars from Britain under the India-UK free trade agreement's tariff rate quota. The move follows applications for 2026 quotas covering about 5,000 fully built vehicles
  • Onion prices fall 9pc in wholesale markets in nine days: Govt

    Wholesale onion prices have declined 9 per cent over nine days, Consumer Affairs Secretary Nidhi Khare said. The Centre expects retail rates to moderate while releasing buffer stocks and selling onions at Rs 35 per kg through various outlets
  • Zerodha’s Nithin Kamath backs UPI MDR, raises concerns for brokers

    Zerodha CEO Nithin Kamath backed the introduction of MDR on P2M UPI payments, saying it could increase competition in the ecosystem. However, he flagged concerns for brokers, who could incur charges on repeated client fund transfers without generating corresponding revenue.
  • Gold, silver prices rise up to 1 pc ahead of Fed decision

    Gold and silver prices rose on Wednesday amid softer crude oil prices and lower US bond yields, with investors awaiting the Federal Reserve’s policy decision. Gold futures gained 0.52 per cent, while silver futures climbed as much as 1.66 per cent.
  • Sensex, Nifty rebound in early trade after sharp fall

    Sensex and Nifty rebounded in early trade on Wednesday on value buying after a sharp fall in the previous session. Gains remained limited by elevated oil prices, foreign fund outflows and caution ahead of the US Federal Reserve’s policy decision.
  • Rupee remains under pressure, slips to 95.95 against dollar

    The rupee declined 7 paise to 95.95 against the US dollar on Wednesday, extending its losing streak to seven sessions. Dollar strength and foreign fund outflows weighed on the currency, while positive domestic equities helped limit the decline
  • RBI files caveat in Bombay HC after rejecting Tata Sons’ plea

    The RBI has rejected Tata Sons' application to surrender its NBFC registration and filed a caveat in the Bombay High Court. The move could compel the Tata group holding company to list, amid shareholder differences and continuing leadership challenges
  • Retail inflation rises to 4.82% in August on higher food prices

    Retail inflation rose to 4.82 per cent in August, driven by higher food prices, particularly onions and garlic. Food inflation climbed to 5.95 per cent, while wholesale inflation also increased to 9.92 per cent during the month
  • Sugar prices remain below Rs. 60 per kg for fourth straight day

    All-India average retail sugar prices remained below Rs. 60 per kg for the fourth consecutive day on Monday, despite festive demand. Government measures, including allowing imports and tightening stockholding norms, have helped contain prices, while regional variations persisted
  • Stock markets closed on September 14 for Ganesh Chaturthi

    Indian stock markets will remain closed on September 14 for Ganesh Chaturthi, with NSE and BSE observing a full trading holiday. MCX will resume evening trading at 5 pm. The closure follows a week of losses in Indian equities.
  • Editorial: Call for global pause on AI

    The crux of the warning from a growing number of AI researchers is that the software could spin out of human control if left unchecked and unregulated
  • EU to allow 2.5 lakh Indian-made cars annually at 8pc duty under FTA

    The EU will allow 2.5 lakh Indian-made passenger vehicles annually at an 8 per cent concessional duty under the India-EU free trade agreement. The quota will rise to 4 lakh by the 10th year, with duties gradually reduced
  • Hyderabad has 515 GCCs, another 50-70 expected within a year: Report

    Hyderabad has around 515 Global Capability Centres employing over 3 lakh people, with another 50-70 expected within a year, according to a FICCI-Anarock report. The city is emerging as a major GCC hub, supported by talent availability and cost advantages
  • Rewind: Who tames the powerful? Power and restraint in an anarchic world

    There is no universal inhibitor in global politics. Power must be restrained by both countervailing strength and political judgement
  • RBI rejects Tata Sons’ bid to surrender NBFC licence, setting stage for mandatory listing

    The Reserve Bank of India has rejected Tata Sons’ application to surrender its core investment company registration, effectively forcing the Tata Group’s holding company to comply with mandatory listing requirements.
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