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Earlier in the year, Commerce Minister Piyush Goyal had expressed his confidence that the CETA, signed in July 2025, would be implemented in May 2026. Photo: DPR PMO/ANI Photo The implementation of the India-U.K. trade deal has hit a late-stage hiccup due to a new regulation on steel imports the U.K. has said it will implement…
Image used for representation purpose only. | Photo Credit: Reuters The Indian rupee crashed below the 96/USD mark on Friday (May 15, 2026) before closing at an all-time low of 95.86 (provisional) against the U.S. dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Rupee has registered…
Read More “Rupee hits record low of 96.14/dollar, settles at fresh closing low of 95.86/dollar” »
Rapido secures $730 million so far in primary and secondary financing. File | Photo Credit: The Hindu Mobility platform Rapido on Friday (May 15, 2026) announced raising $240 million in a funding round led by Dutch investment firm Prosus to expand demand by creating new markets and invest in technology. WestBridge Capital and Accel, among…
The November 2024 indictment in New York accused Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme | Photo Credit: Reuters Billionaire industrialist Gautam Adani has agreed to pay a multi-million-dollar settlement in a U.S. civil court case linked to corruption without admitting guilt, his company said…
Read More “Gautam Adani agrees to $18 million penalty in U.S. bribery case” »
Among the major gainers from the Sensex pack were Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Kotak Mahindra Bank, HDFC Bank, PowerGrid, Bharti Airtel, Titan, Bajaj Finance, and Maruti Suzuki India. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty climbed in early trade on Friday (May 15, 2026), supported by buying…
Read More “Nifty, Sensex rise in early deals as IT stocks rally” »
Forex traders said USD-INR is under pressure and hovering very close to the 96 mark as dollar buying continues amid upside in oil prices. | Photo Credit: Reuters The rupee opened on a weaker note and fell 30 paise to 95.94 on Friday (May 15, 2026) after hitting new lows over three straight sessions, as…
Read More “Rupee falls 30 paise to 95.94 against U.S. dollar in early trade” »
India’s April retail inflation, at a 13-month high of 3.48%, is only marginally higher than its March print of 3.4%, and continues to remain deceptively benign. Wholesale inflation has more than doubled to 8.3% in April from 3.88% in March — a 42-month high — signalling that substantial upstream price pressures are still working their…
Read More “Bursting at the seams: On the rise in inflation” »
Federal prosecutors in New York on November 21, 2024 indicted Adani Group Chairman Gautam S. Adani, his nephew Sagar Adani, and six others on multiple counts of fraud. File | Photo Credit: ANI Published – May 14, 2026 10:42 pm IST Source link
For representative purposes | Photo Credit: Getty Images The recent announcement by Prime Minister Narendra Modi urging individuals to reduce their consumption of gold and petrol brought to the fore what many analysts have warned about: India’s situation on the external front is far from rosy. The rupee has witnessed significant depreciation over the last…
Jotaro Tamura. | Photo Credit: Special Arrangement Despite the global headwinds, Mitsui OSK Lines is confident about making investments in India and the momentum has not changed, Jotaro Tamura, president and chief executive officer (CEO) of the company owning the world’s largest vessel fleet told The Hindu on Monday (May 11, 2026). Mr. Tamura underlined…