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At the interbank foreign exchange market, the rupee opened at 94.30 against the U.S. dollar and strengthened further to 94.24, up 31 paise from its previous close. File | Photo Credit: Reuters The rupee rose 31 paise to 94.24 against the U.S. dollar in early trade on Thursday (June 25, 2026) as global crude oil…
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People walk outside the National Stock Exchange (NSE) in Mumbai | Photo Credit: Reuters Market benchmark indices Sensex and Nifty rallied in early trade on Thursday (June 25, 2026), tracking a decline in crude oil prices and a positive trend in Asian equities. The 30-share BSE Sensex climbed 440.23 points to 77,435.76 in early deals….
Commerce Minister Piyush Goyal. File. | Photo Credit: Reuters Commerce Minister Piyush Goyal will travel to the United Kingdom on June 25-27 to meet his U.K. counterpart and review the preparedness of both countries for the implementation of the India-U.K. Comprehensive Economic and Trade Agreement (CETA) and its companion Double Contribution Convention (DCC) on July…
The southwest monsoon deficit nationwide has increased from 35% to 43%; the winds’ northward advance was stalled near Mumbai; and both the U.S. NOAA and the India Meteorological Department (IMD) expect a moderate-to-strong El Niño this year. The El Niño suppresses the vertical air movement needed for rainclouds to form while a warming Pacific is…
Read More “Razor’s edge: On the progress of the southwest monsoon” »
Adani Enterprises Limited has separately agreed to pay the U.S. Treasury Department $275 million to settle alleged violations of Iran sanctions. File. | Photo Credit: AP Lawyers for Gautam Adani on Wednesday (June 24, 2026) urged a U.S. judge to formally dismiss criminal charges against the billionaire, after the Justice Department said last month it…
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Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The new index measuring the output of the country’s services industry, with 2024-25 as the base year, will be released each month with a 60-day lag, the Statistics Ministry said in a list of frequently asked questions (FAQs) on Wednesday (June 24, 2026). The first-ever…
NPCI BHIM Services Ltd. (NBSL) MD and CEO Lalitha Nataraj during a media interaction in Hyderabad on June 24, 2026. | Photo Credit: N. Ravi Kumar From credit cards, loans, investments and over time insurance policies, a bouquet of financial products is planned to be offered on BHIM payments app, NPCI BHIM Services (NBSL) MD…
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Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto It may be a safe decision to invest in FMCG, Pharma, IT and Telecom stocks given their historical performance at a time when India is set to face structural challenges to its growth story, said experts at Ambit Institutional Equities. Further, bank, cement and IT…
Read More “Indian investors may move to safer bets amid structural challenges: Experts” »
Amazon CEO Andy Jassy is in India, the ecommerce giant announced on Wednesday (June 24, 2026), outlining a 300-plus city expansion plan for its quick commerce business Amazon Now, alongside a pledge to build “India’s largest” delivery-in-minutes network. Mr. Jassy visited an Amazon Now micro-fulfilment centre in Mumbai early Wednesday, marking the first leg of…
Fugitive diamond merchant Nirav Modi is liable to pay Bank of India over $11.5 million, including accruing interest on a personal loan guarantee, the High Court in London has ruled. Also Read: PNB-Nirav Modi case | Chronology of events The 55-year-old jeweller, who remains in prison fighting extradition to India in a separate $2 billion…
Read More “Nirav Modi must pay up over $11 million to Bank of India, U.K. court rules” »