Category: Business

Business

Rupee recovers 49 paise from all-time low to settle at 96.37 against U.S. dollar

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Rupee recovers 49 paise from all-time low to settle at 96.37 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 96.25 against the dollar. | Photo Credit: Reuters The rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the U.S. dollar on Thursday (May 21, 2026) after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction,…

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Business

Stock markets end marginally lower in volatile trade

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Stock markets end marginally lower in volatile trade

The 50-share NSE Nifty skidded 4.30 points, or 0.02%, to end at 23,654.70. | Photo Credit: Reuters Equity benchmark indices ended lower in a volatile day of trade on Thursday (May 21, 2026), surrendering their early gains, amid profit-taking in blue-chip stocks. The 30-share BSE Sensex declined 135.03 points, or 0.18%, to settle at 75,183.36….

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Business

India imported 4.3% less crude oil in April this year, yet the bill still doubled as prices soar

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India imported 4.3% less crude oil in April this year, yet the bill still doubled as prices soar

 India’s oil-marketing companies paid $16.3 billion for their imports in April this year as compared to $10.7 billion they had paid in the same month last year. File photo for representational purposes only. | Photo Credit: Reuters The volume of India’s imports of crude oil fell 4.3% in April 2026, the second month after the…

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Business

Transporters announce 4% hike in freight rates to pass on extra burden

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Transporters announce 4% hike in freight rates to pass on extra burden

With diesel prices increasing and fuel shortages impacting the free movement of trucks, transporters have decided to increase freight rates with effect from 20th May 2026 to pass on the extra burden to the customers. This is going to fuel inflation.  To offset the diesel price hike, the transporters have introduced a new calculation method…

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Business

Adani Power to acquire 24% stake in JPVL, thermal assets for ₹4,194 crore

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Adani Power to acquire 24% stake in JPVL, thermal assets for ₹4,194 crore

Adani Power has inked a Business Transfer Agreement for the acquisition of the 180 MW thermal power plant of Jaiprakash Associates located in Churk. File Image | Photo Credit: Reuters Adani Power on Thursday (May 21, 2026) said it has entered into definitive agreements to acquire a 24% stake in Jaiprakash Power Ventures and other…

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Business

Stock markets rally in early trade tracking positive trend in global peers, easing oil prices

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Stock markets rally in early trade tracking positive trend in global peers, easing oil prices

From the 30-Sensex firms, InterGlobe Aviation, Bharat Electronics, Asian Paints, Tata Steel, Larsen & Toubro and Eternal were among the major winners. File photo for representational purposes only. | Photo Credit: Reuters Benchmark equity indices were trading higher in early trade on Thursday (May 21, 2026), helped by easing oil prices and a sharp rally…

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Business

Rupee recovers 41 paise from its all-time closing low to 96.45 per U.S. dollar in early trade

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Rupee recovers 41 paise from its all-time closing low to 96.45 per U.S. dollar in early trade

At the interbank foreign exchange market, the rupee opened at 96.25 against the U.S. dollar, then touched 96.45 in early trade, up 41 paise from its all-time lifetime low of 96.86 against the U.S. dollar. File photo for representational purposes only. | Photo Credit: The Hindu The rupee recovered 41 paise from its all-time closing…

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Business

RBI considers rate hike as rupee slumps: reports

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RBI considers rate hike as rupee slumps: reports

The Reserve Bank of India is considering ​all ⁠its available options to stabilise the rupee. Image for representation | Photo Credit: Reuters The Reserve ​Bank of ‌India (RBI) is considering ​all ⁠its available options to stabilise the rupee, including an ‌interest ‌rate ⁠hike, Bloomberg ⁠News reported on Thursday (May 21, 2026), citing people ​familiar ‌with…

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Business

Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power

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Anthropic nears first quarterly profit, agrees to pay SpaceX .25 billion monthly for computing power

The Wall Street Journal reported ​the figures earlier on Wednesday [File] | Photo Credit: REUTERS Anthropic is closing in ⁠on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop ‌and deploy artificial intelligence. In recent fundraising materials, the San Francisco-based startup apprised…

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