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The Rupee depreciated 35 paise to a record low against the U.S. dollar. File | Photo Credit: Reuters The Rupee depreciated 35 paise to a record low of 95.63 against the U.S. dollar in early trade on Tuesday (May 12, 2026), after U.S. President Donald Trump said that the ceasefire with Iran was on life…
Read More “Rupee falls to record low of 95.63 against U.S. dollar in early trade” »
According to Nasscom, these measures are not new but are part of the industry’s broader approach to operational resilience and sustainability. | Photo Credit: Reuters Nasscom, in response to Prime Minister Narendra Modi’s Work From Home (WFH) advisory, stated that the technology industry in India continued to operate on well-established hybrid work models, with organisations calibrating…
The Union Ministry of New and Renewable Energy (MNRE) is seeking to propose an enhanced outlay for their green corridor scheme to ensure there exists the right infrastructure to absorb the renewable energy being produced, Santosh Sarangi, Secretary at the Union Ministry held Monday. “We are also proposing a substantially bigger outlay for our green…
Twin shocks of energy crisis and deficient rainfall will lead to the real GDP growth falling to 6% in FY27 from 7.4% in FY26, a foreign brokerage said on Monday. The shocks will also stoke inflation, and may prod the Reserve Bank to hike key lending rates twice in the current fiscal, HSBC said in…
Read More “HSBC slashes FY27 GDP estimate sharply to 6%, expects two RBI rate hikes” »
From left to right: Ministry of External Affairs, Additional Secretary (Gulf) Aseem R. Mahajan, official spokesperson of the Ministry of External Affairs Randhir Jaiswal, Additional Secretary, Department of Fertilisers, Aparna S. Sharma, Director General of PIB Mattu J.P. Singh, Ministry of Petroleum and Natural Gas Joint Secretary Sujata Sharma, Director at the Ministry of Ports,…
Read More “No bailout package for OMCs in sight as under-recoveries mount” »
Prime Minister Narendra Modi addresses a public meeting at Secunderabad in Hyderabad, Telangana, on May 10, 2026. | Photo Credit: PTI At a time when Prime Minister Narendra Modi has urged Indians not to travel abroad and give up on foreign weddings for at least a year, official data shows foreign spending by Indian tourists…
At the interbank foreign exchange, the rupee opened at 94.97 and traded in the range of 94.87 to 95.34. It eventually settled at its record low of 95.31 (provisional), down 82 paise from its previous close. | Photo Credit: Reuters The rupee tanked 82 paise to settle at its record low of 95.31 (provisional) against…
Read More “Rupee crashes 82 paise to close at all-time low of 95.31 against U.S. dollar” »
Stock markets fell for the third day running on Monday (May 11, 2026), with the benchmark Sensex tumbling 1,313 points amid rising crude oil prices after the U.S. and Iran failed to reach a peace deal to end the war in West Asia. The 30-share BSE Sensex tanked 1,312.91 points, or 1.70%, to settle at…
“India has “ample” stocks of fertilizers to meet demand for the upcoming Kharif sowing season,” the government said on Monday (May 11, 2026), as it appealed to farmers not to engage in panic buying. In an inter-ministerial briefing on recent developments in West Asia, Aparna S. Sharma, Additional Secretary in the Department of Fertilizers, informed…
IT industry body NITES (Nascent Information Technology Employees Senate) has called on India’s Ministry of Labour and Employment to issue an advisory that would make work-from-home arrangements mandatory for IT workers. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto IT industry body NITES (Nascent Information Technology Employees Senate) has called on India’s…