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Forex traders said that with the Indian rupee facing severe pressure, the Reserve Bank of India (RBI) is also actively pursuing a “non-direct” strategy to support the currency. | Photo Credit: Reuters The rupee appreciated 61 paise to close at 94.57 (provisional) against the U.S. dollar on Wednesday (May 6, 2027), as Brent crude prices…
Read More “Rupee surges 61 paise to close at 94.57 against U.S. dollar” »
NMDC has increased iron ore prices by ₹200 a tonne in the latest revision effective May 6. | Photo Credit: The Hindu State-owned NMDC has increased iron ore prices by ₹200 a tonne in the latest revision effective May 6. The new prices have been fixed at ₹5,500 per tonne for Baila Lump and ₹4,700…
A view of Freshworks, at GlobalInfocity Park, Perungudi, in Chennai [File] | Photo Credit: RAVINDRAN R Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. Shares of the company were down around 5% in extended trading….
Read More “Freshworks to cut 11% jobs as AI reshapes software sector” »
Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (May 6, 2026) following a drop in crude oil prices after U.S. President Donald Trump claimed progress in negotiations with Iran toward an agreement to end the war. A positive trend in global markets also aided the rally in domestic stocks. The…
Rupee appreciated by 23 paise against the U.S. dollar. File | Photo Credit: The Hindu The rupee appreciated by 23 paise to 94.95 against the U.S. dollar in early trade on Wednesday (May 6, 2026) as Brent crude prices retreated from their elevated level after U.S. President Donald Trump hinted at a possible deal with…
Read More “Rupee rises 23 paise to 94.95 against U.S. dollar in early trade” »
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto In a bid to expedite and bring transparency to foreign direct investments (FDI) coming into the country, the Ministry of Commerce has issued an updated Standard Operating Procedure (SOP) document laying out the timeline and guidelines for processing investment applications by foreign companies. Apart from…
Read More “Government specifies 12-week limit to process FDI applications under new rules” »
For airlines, the loans can be for up to 100% of their peak working capital, but this is capped at ₹1,500 crore per borrower, subject to satisfying certain specific conditions. File photo for representational purposes only. | Photo Credit: Reuters In response to the crisis in West Asia, the Union Cabinet on Tuesday (May 5,…
Read More “Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines” »
Benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday (May 5, 2026) as fresh tensions flared in the Strait of Hormuz region and the ceasefire between the U.S. and Iran came under strain. The rupee hitting a record low against the U.S. dollar amid elevated crude prices also made investors cautious. In a…
Read More “Stock markets decline as renewed geopolitical concerns weigh on investor sentiment” »
Representative image. | Photo Credit: Getty Images/iStockphoto The rupee fell 2 paise to close at an all-time low of 95.25 (provisional) against the U.S. dollar on Tuesday (May 5, 2026), as investors are retreating from riskier assets amid renewed clashes in the Gulf and targeting of UAE infrastructure, which have reignited supply chain fears. Forex…
Read More “Rupee falls two paise to close at fresh record low of 95.25 against U.S. dollar” »
The key models benefitting from the FTA are Range Rover SV and Range Rover Sport SV, JLR India said in a statement Source link