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Image used for representational purposes only | Photo Credit: Getty Images/iStockphoto The rupee appreciated 5 paise to 94.53 against the U.S. dollar in early trade on Tuesday (June 16, 2026), as a sharp decline in oil prices and easing West Asia tensions have shifted the near-term bias in favour of the domestic unit. Forex traders…
Read More “Rupee rises 5 paise to 94.53 against U.S. dollar in early trade” »
Image for representational purposes only. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty rallied in early trade on Tuesday (June 16, 2026), driven by a positive trend in global markets and cooling crude oil prices following a peace deal between the U.S. and Iran. Fresh foreign fund inflows also added to the positive…
Read More “Stock markets climb in early trade tracking global rally, decline in oil prices” »
Bank of Japan headquarters in Tokyo. File | Photo Credit: Kyodo News via AP The Bank of Japan raised its benchmark interest rate to 1% on Tuesday (June 16, 2026), citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a…
Read More “Bank of Japan hikes rate to 31-year high, citing inflation” »
Bank of Japan headquarters in Tokyo. File | Photo Credit: Kyodo News via AP The Bank of Japan raised its benchmark interest rate to 1% on Tuesday (June 16, 2026), citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a…
Read More “Bank of Japan hikes rate to 31-year high, citing inflation” »
The excise duty rates on petrol and diesel for domestic consumption remains unchanged. | Photo Credit: Shiv Kumar Pushpakar In the latest fortnightly review, the government late on Monday (June 15, 2026) increased the export duty on diesel to ₹14 per litre and that on export of aviation turbine fuel (ATF) to ₹12.5 per litre…
Read More “Export duty on diesel, ATF hiked with petrol unchanged” »
Representational file image. | Photo Credit: Reuters Forward Seamen’s Union of India (FSUI), a trade union of employees working on commercial ships, has written to Prime Minister Narendra Modi, demanding that the Union government issue immediate advisories to all Indian shipping companies and vessels to exercise extreme caution or avoid the Shinas Anchorage maritime zone…
Read More “Indian commercial ships should avoid Shinas Anchorage, shipworkers’ union tells Centre” »
Job aspirants at a mega job fair. | Photo Credit: S. Mahinsa The unemployment rate (UR) in the country has increased by 0.3 percentage points to 5.5% in May 2026 compared to April 2026 according to the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics & Programme Implementation in New Delhi on…
HCLTech would invest $150M as the lead strategic investor in this round. | Photo Credit: Reuters Sarvam, a sovereign AI firm, on Monday (June 15, 2026) said it has raised $234 million in the first close of its $300 million Series B at a post-money valuation of $1.5 billion. HCLTech and Bessemer Venture Partners invested…
Read More “Sarvam raises $234 million; HCLTech leads the round; hits $1.5 billion in valuation” »
PPI – acronym from wooden blocks with letters, abbreviation Producer Price Index, Payment Protection Insurance PPI concept, random letters around | Photo Credit: Roman Didkivskyi The government on Monday (June 15, 2026) came out with Producer Price Index (PPI) data for both goods and services for the first time to better reflect price movement, paving…
Read More “Govt releases producer price index data; to replace WPI in 5 years” »
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto India’s merchandise exports jumped to a record high of $45.2 billion in May 2026, 18% higher than in May last year, according to official data. However, despite this, India’s overall trade deficit widened to $10.5 billion due to a sharper growth in imports of both…