Category: Business

Business

Stock markets extend rally to fourth day as easing crude oil prices fuel buying

June 17, 2026 admin

The Sensex climbed 347.14 points, or 0.45%, to settle at 77,155.62, and the Nifty rallied 96.55 points, or 0.40%, to end at 24,085.70. File | Photo Credit: Getty Images/iStockphoto Stock market benchmark indices Sensex and Nifty ended higher on Wednesday (June 17, 2026), taking their winning run to the fourth straight session, buoyed by softening…

Business

Rupee rises 10 paise to close at 94.50 against U.S. dollar

June 17, 2026 admin

Image used for representational purposes. | Photo Credit: Getty Images The rupee appreciated 10 paise to close at 94.50 (provisional) against the U.S. dollar, as Brent crude oil prices and the U.S. dollar index retreated further from their elevated levels. Forex traders said the rupee opened on a positive note as Brent crude has fallen…

Business

Tesla plans Supercharger network in Hyderabad, bets on home charging to drive India’s EV future

June 17, 2026 admin

The new six-seater Model Y L on display as Tesla India Country Head Sharad Agarwal addresses media at the inauguration of Tesla Experience Center at Knowledge City in Hyderabad on Wednesday (June 17, 2026) | Photo Credit: NAGARA GOPAL The new six-seater Model Y L on display at the inauguration of the Tesla Experience Center…

Business

What the 14-point MoU between Iran and the U.S. means for shipping

June 17, 2026 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The 14-point Memorandum of Understanding that Iran and the U.S. have agreed upon put out by Al Arabiya English gives several commitments by the U.S. and Iran for shipping and transits through the Strait of Hormuz. The U.S. has lifted the Naval blockade and…

Business

OECD oil stocks fall to lowest level since 1990: IEA

June 17, 2026 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the West Asia conflict, the International Energy Agency (IEA) said on Wednesday (June 17,…

Business

Kerala Budget: Fiscal health, welfare, growth in focus as Congress-led UDF govt to present Revised Budget on June 19

June 17, 2026 admin

Kerala Chief Minister V.D. Satheesan. File | Photo Credit: PTI The Congress-led UDF government’s Revised Budget for 2026-27, to be presented by Chief Minister V.D. Satheesan on Friday (June 19, 2026) faces the challenge of finding the middle ground between re-aligning Kerala’s fiscal space for tackling the concerns raised in the White Paper on State…

Business

MINI Countryman C launched in Chennai, rolls out as a locally manufactured premium SUV

June 17, 2026 admin

MINI has strengthened its presence in India’s premium compact SUV segment with the launch of the all-new Countryman C, which will now be manufactured locally at BMW Group Plant Chennai. The launch marks a significant milestone for the British-born marque as the Countryman becomes the first locally produced petrol variant of the model in India….

Business

Stock markets extend rally in early trade on drop in crude oil prices

June 17, 2026 admin

Image for representational purposes only. | Photo Credit: ANI Stock market benchmark indices Sensex and Nifty climbed in early trade on Wednesday (June 17, 2026) following a decline in crude oil prices and a rally in IT firms. Extending its rally to the fourth day running, the 30-share BSE Sensex further climbed 271.61 points to…

Business

Rupee rises 31 paise to 94.29 against U.S. dollar in early trade

June 17, 2026 admin

Image for representational purposes only. File | Photo Credit: Reuters The rupee appreciated 31 paise to 94.29 against the U.S. dollar in early trade on Wednesday (June 17, 2026) as Brent crude oil prices and the U.S. dollar index retreated further from their elevated levels. Forex traders said the rupee opened on a positive note…

Business

Tata says India pollution board drops scrutiny of Apple iPhone parts plant

June 17, 2026 admin

The entrance to the Tata Electronics components factory for Apple’s iPhone in Hosur, Tamil Nadu. | Photo Credit: Reuters Tata Electronics ⁠on Tuesday (June 16, 2026) said a State pollution control board has dropped its scrutiny of Apple’s iPhone components plant after it addressed concerns about contamination. Tamil Nadu’s pollution control authority had warned Tata…

Business