Category: Business

Business

Eight public sector banks add 13,223 employees in FY26; SBI largest recruiter

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Eight public sector banks add 13,223 employees in FY26; SBI largest recruiter

Eight of the 12 public sector banks added 13,223 employees in FY26, taking their combined workforce to over 6.28 lakh, with State Bank of India (SBI) accounting for the bulk of the hiring. Analysis of data compiled by PTI from banks’ annual reports shows that the total employee strength of the eight public sector banks…

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Reliance, Vedanta, Adani join India’s drive to cut China rare earth dependence

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Reliance, Vedanta, Adani join India’s drive to cut China rare earth dependence

Indian industrial groups Reliance, Vedanta and Adani ​have shown interest in developing facilities to process Andhra ⁠Pradesh State’s significant reserves of increasingly important rare-earth minerals, according to two sources with knowledge of the matter. With New Delhi seeking to cut India’s dependence on China for ‌rare earths, the three companies are among about 10 who…

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Opendoor shuts India operations, lays off 250 employees; embraces AI

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Opendoor shuts India operations, lays off 250 employees; embraces AI

San Francisco-based real estate technology firm Opendoor has started to shut down its India operations, laying off all 250 employees as it relocates operational roles closer to the U.S. Opendoor started its operations in India in 2022 with offices in Chennai, Hyderabad and Bengaluru. “Today we began to say goodbye to our colleagues in India…

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Business

TCS to train 50,000 staff with Claude powered by Anthropic

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TCS to train 50,000 staff with Claude powered by Anthropic

TCS will equip 50,000 associates across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing. File | Photo Credit: Reuters Tata Consultancy Services Ltd (TCS) has announced a global strategic partnership with Anthropic, the frontier AI company behind Claude, to help customers scale enterprise AI adoption. TCS said it will setup a dedicated…

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Business

Rupee slumps 50 paise to close at 95.75 against US dollar

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Rupee slumps 50 paise to close at 95.75 against US dollar

Image for representational purposes only. | Photo Credit: Reuters The rupee plunged 50 paise to settle at 95.75 (provisional) against the U.S. dollar on Thursday (June 11, 2026) amid heightened tensions in West Asia and a stronger greenback. Heavy FII outflows and weak sentiments at the domestic equity markets put further pressure on the local…

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Business

Stock markets end lower as escalating U.S.-Iran tensions, foreign fund outflows dent sentiment

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Stock markets end lower as escalating U.S.-Iran tensions, foreign fund outflows dent sentiment

Foreign Institutional Investors (FIIs) offloaded Indian equities worth ₹2,124.98 crore on Wednesday (June 10, 2026), according to exchange data. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty ended lower on Thursday (June 11, 2026), as investors remained cautious amid rising tensions between the U.S. and Iran. Unabated foreign fund outflows and a…

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Business

India’s economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI

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India’s economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI

Business Monitor International (BMI) said the currently low level of short-term interest rates following the RBI’s 125 bps rate cut during 2025 will support the economy through the ongoing energy crisis. File | Photo Credit: Getty Images “India’s Gross Domestic Product (GDP) is likely to grow at 6.6% in the current fiscal as compared to…

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Business

Stock markets drop in early trade on escalating U.S.-Iran tensions, rising oil prices

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Stock markets drop in early trade on escalating U.S.-Iran tensions, rising oil prices

The 30-share BSE Sensex declined 358.54 points to 73,624.64 in early trade. The 50-share NSE Nifty dropped 117 points to 23,098.30. Representational file image. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty declined in early deals on Thursday (June 11, 2026), tracking weak trends in global equities and rising crude oil prices…

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Business

Rupee slumps 32 paise to 95.57 against U.S. dollar in early trade

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Rupee slumps 32 paise to 95.57 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee plunged by 32 paise to 95.57 against the U.S. dollar in early trade on Thursday (June 11, 2026) following a rise in global crude oil prices as hostilities between the U.S. and Iran continued. Heavy FII outflows, weak domestic equity market and…

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Higher ethanol blended petrol between 22-30% exempted from central excise duty

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Higher ethanol blended petrol between 22-30% exempted from central excise duty

A worker poses for a picture with an E85 fuel dispenser machine during the launch of E85 fuel (a blend of 85% ethanol and 15% petrol) at a petrol bunk. Image used for representation purpose only. | Photo Credit: ANI With a potential eye to popularise the uptake of biofuels in the country, the government…

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