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At the interbank foreign exchange, the rupee opened higher at 89.88 but lost ground through the day to settle at 90.16 (provisional) against the U.S. dollar, down 26 paise from its previous close. Representational image. | Photo Credit: Getty Images/iStockphoto The rupee declined 26 paise to settle at 90.16 (provisional) against the U.S. dollar on…
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The Budget session of Parliament is likely to commence on January 28 and the Union Budget is set to be tabled on February 1, a Sunday | Photo Credit: The Hindu The Budget Session of Parliament will commence on January 28 and continue till April 2, 2026, Union Parliamentary Affairs Minister Kiren Rijiju said on…
Read More “Budget session from January 28; Union Budget on February 1” »
As devices from toys to cars get smarter at the Consumer Electronics Show, gadget makers are grappling with a shortage of memory and storage needed for them to work. Dwindling supplies and soaring costs of Dynamic Random Access Memory (DRAM) that provides space for computers, smartphones, and game consoles to run applications or multitask was…
Read More “AI gobbling up memory chips essential to gadget makers” »
VI logo. File | Photo Credit: Reuters Vodafone Idea (VI) laid out a repayment schedule for its adjusted gross revenue (AGR) dues, capping annual payments at $13.79 million for the next six years, easing near-term cash flow pressure without reducing headline liabilities. On December 31, the Indian government approved a partial moratorium on the telecoms…
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After a brief rebound in early trade, the 30-share BSE Sensex later declined 78.84 points to 84,102.12. File | Photo Credit: Getty Images/iStockphoto Benchmark indices Sensex and Nifty drifted lower in early trade on Friday (January 9, 2026) amid relentless foreign fund outflows and renewed concerns over potential U.S. tariff hikes. After a brief rebound…
Image used for representation | Photo Credit: Getty Images The rupee fell 7 paise to 89.97 against the U.S. dollar in early trade on Friday (January 9, 2026) amid sustained FII outflows and a rise in global crude oil prices. The apprehension of further tariffs by the U.S. and weak sentiments at the domestic equity…
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India’s information technology firms are expected to report another muted quarter, as tepid demand in the U.S. and holiday-period client shutdowns continue to weigh on tech spending, nine brokerages said ahead of earnings. Brokerages expect the top six IT firms by revenue to post about 4% year-on-year revenue growth and a 5% rise in profit…
Read More “Indian top IT firms set for another tepid quarter on weak US demand, client spending” »
Reliance stopped buying Venezuelan oil from March 2025 as President Donald Trump announced a 25% tariff on nations buying crude from the South American producer. | Photo Credit: Reuters Reliance Industries Ltd, operator of the world’s largest refining complex, said on Thursday (January 8, 2026) it would consider buying Venezuelan oil if it is permitted…
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Bridging the gap with luxury car market leader Mercedes-Benz (MB) India, German luxury car maker BMW Group India, in the Calendar Year 2025 (CY25), clocked sales of 18,001 units, an increase of 14% over the previous year, backed by 200% growth in the sale of Electric Vehicles (EV). These include 17,271 units of BMW and…
Read More “BMW Group India bridges gap with MB, clocks sales of 18,001 units in CY25” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India is expected to grow by 7.2% in the financial year 2025-26, with consumption and public investment expected to “largely offset” the impact of the tariffs by the United States, the United Nations Department of Economic and Social Affairs (UNDESA) said in a report. …