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Ashok Kumar Lahiri Vice Chairman of NITI Aayog | Photo Credit: The Hindu There is no winner in the ongoing “battle” of views on the use of double deflation in India’s new GDP series, Ashok Kumar Lahiri, Vice Chairman of Niti Aayog, the government’s economic think tank, said on Tuesday, arguing that the methodology is…
A view of the National Stock Exchange in Mumbai. File | Photo Credit: Reuters The size of the National Stock Exchange (NSE) IPO may shrink with the Offer For Sale (OFS) likely to be cut to 5.2-5.5%, from the 6% planned earlier, as some shareholders have backed out of the sale, people familiar with the…
Read More “NSE IPO may shrink to ₹25,000-27,000 crore as investors pull back from OFS” »
Exploring more responsible mobility solutions | Photo Credit: The Hindu Greenply Industries Ltd has partnered with GreenLine Mobility Solutions Ltd, an Essar Group company, to deploy LNG-powered trucks for its outbound logistics operations as part of its efforts to adopt more sustainable transportation solutions. Under the partnership, Greenply will leverage GreenLine’s green logistics network to…
Read More “Greenply partners with GreenLine to deploy LNG-powered trucks for outbound logistics” »
Through Jio Payment Solutions Limited’s (JPSL) new facility, domestic exporters can accept international payments via virtual accounts, international cards, and local payment rails. Representational file image. | Photo Credit: Reuters Jio Payment Solutions Limited (JPSL), a wholly-owned subsidiary of Jio Financial Services, on Wednesday (September 9, 2026) announced the launch of its cross-border payment platform…
BSE Sensex tanked 813.35 points, or 1.08% | Photo Credit: Paul Noronha Market benchmark indices ended lower for the third straight day on Wednesday, with the Sensex tumbling 813.35 points and the Nifty dropping below 23,450, as escalating tensions in West Asia drove crude oil to over $100 per barrel. Selling in IT stocks and…
Read More “Sensex tumbles 813 points amid escalating tensions in West Asia, oil price surge” »
Brent crude was trading higher by 2.94% at $100.73 per barrel. File | Photo Credit: Reuters The rupee slumped by 34 paise to close at 95.08 (provisional) against the American currency on Wednesday (September 9, 2026) as crude prices crossed the $100 per barrel mark, stoking concerns over inflation and high forex outflows. Weak equity…
Read More “Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass $100 mark” »
Image used for representational purpose only. The story so far: The Reserve Bank of India (RBI) introduced a special swap facility in June to encourage non-resident Indians to put money into FCNR(B) deposits, as the rupee faced pressure from high oil prices and India sought to strengthen its foreign-exchange reserves. The response was much stronger…
Read More “FCNR(B) deposits: Who bears the currency risk? | Explained” »
Brent crude prices have risen by a quarter since early last month as hopes fade for a permanent resolution to the six-month-old U.S.-Iran conflict. File | Photo Credit: Reuters Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday (September 9, 2026), breaching the symbolic barrier for the first time since July 24…
Read More “Brent crude rises above $100 a barrel as West Asia conflict escalates” »
Arun Jain, founder and chairman of Intellect Design Arena, at the launch of MSOCK ( Multidimensional Multilayer System of Connected Knowledge), in Chennai on September 8, 2026 | Photo Credit: Bijoy Ghosh Intellect Design Arena has launched MSOCK, an AI-native engineering platform that founder and chairman Arun Jain said can enable complete end-to-end engineering without…
The latest revision comes on the back of the company reducing prices of the key raw material of steel two months consecutively. Photo: https://www.nmdc.co.in/ State-owned iron ore producer NMDC has raised the price of lump ore by ₹150 per tonne effective September 9. The new price is ₹5,400 per tonne. The price of Fines has…
Read More “NMDC raises lump ore price by ₹150/tonne, holds price of fines” »