Stay Connected. Stay Informed.
Business
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…
Read More “RBI considers rate hike as rupee slumps: reports” »
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…
jUMPP plans to introduce insurance offerings across categories such as health, life, motor, business, and home insurance through partnerships with leading insurers. File photo: https://jumpp.finance. jUMPP, an AI-powered conversational fintech app said it has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance products through its platform. This…
Read More “jUMPP bags IRDAI approval to distribute insurance products” »
According to the senior executive at BPCL, Russian crude constituted about 25% of the overall basket in the third quarter of the previous financial year. | Photo Credit: Reuters The share of Russian crude oil in Bharat Petroleum’s overall basket has increased to about 40-41% from about 31% during quarter-ended March 2026, Vetsa Ramakrishna Gupta,…
Benchmark Sensex recovered from early losses to settle 117 points higher on Wednesday (May 20, 2026), helped by a rally in Reliance Industries, even as investors remained cautious due to higher crude prices and a weaker rupee. The 30-share BSE Sensex climbed 117.54 points, or 0.16%, to settle at 75,318.39. The index opened lower and…
Read More “Stock markets rebound; Sensex climbs 117 points on fag-end buying” »
Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto Growth in activity in the eight core sectors of the economy quickened marginally to 1.7% in April 2026, up from 1.2% in the previous month, official data released on Wednesday (May 20, 2026) showed. Notably, the data on the Index of Eight Core Industries…
At the interbank foreign exchange market, the rupee opened at 96.89 against the U.S. dollar, then lost further ground. File | Photo Credit: Reuters Declining for the ninth consecutive session, the rupee depreciated 13 paise to close at a fresh lifetime low of 96.83 (provisional) against the U.S. dollar on Wednesday (May 20, 2026) as…
Read More “Rupee slips 13 paise to hit fresh lifetime low of 96.83 against U.S. dollar” »
Infosys, Tata Consultancy Services, Reliance Industries and Tech Mahindra were the winners.. File | Photo Credit: Reuters Benchmark equity indices tumbled in early trade on Wednesday (May 20, 2026) due to elevated oil prices, weak global market trends and renewed fears of restart of military operations if Iran failed to reach a peace deal. The…
Read More “Stock markets fall in early trade amid weak global peers, elevated oil prices” »
Image used for representational purposes. Photo: Special Arrangement Defence technology company Tonbo Imaging said it has bagged a contract from the Indian Navy under the ADITI 3.0 innovation framework to integrate and commission a High Power Microwave (HPM) system for naval platforms. The programme is supported by iDEX and the Defence Innovation Organisation (DIO) under…
Read More “Indian Navy awards ADITI 3.0 contract for HPM system to Tonbo Imaging” »
Representative image. | Photo Credit: The Hindu Amidst rising power demand with soaring temperatures across the country, India was able to meet a peak power demand of 260.45 gigawatts during solar hours at 3:40 p.m. on Tuesday (May 19, 2026), the Union Power Ministry informed on Tuesday (May 19, 2026). The latest feat surpassed the…