Category: Business

Business

Stock markets decline in early trade amid rising crude oil prices

Posted on By admin
Stock markets decline in early trade amid rising crude oil prices

File photo for representational purposes only. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty drifted lower in early trade on Wednesday (August 12, 2026) as higher crude oil prices weighed on investors’ sentiment. The 30-share BSE Sensex dipped 35.99 points to 78,097.31 in early trade. The 50-share NSE Nifty skidded 31.15 points to…

Read More “Stock markets decline in early trade amid rising crude oil prices” »

Business

INR to USD: Rupee falls 6 paise to 95.42 against U.S. dollar in early trade

Posted on By admin
INR to USD: Rupee falls 6 paise to 95.42 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 95.40 before slipping further to 95.42, down 6 paise from its previous close. File photo for representational purposes only. | Photo Credit: Reuters The rupee fell 6 paise to 95.42 against the U.S. dollar in early trade on Wednesday (August 12, 2026), weighed down by the…

Read More “INR to USD: Rupee falls 6 paise to 95.42 against U.S. dollar in early trade” »

Business

State Bank of India returns to dollar debt market, bankers see strong demand

Posted on By admin
State Bank of India returns to dollar debt market, bankers see strong demand

FILE PHOTO: People move past a branch office of State Bank of India (SBI) in Mumbai, India, April 18, 2023. REUTERS/Niharika Kulkarni/File Photo/File Photo | Photo Credit: NIHARIKA KULKARNI State Bank of India, the country’s largest lender, ​is returning to the public dollar bond market after ‌nearly a year and is expected to see ​strong…

Read More “State Bank of India returns to dollar debt market, bankers see strong demand” »

Business

Fitch retains India’s BBB- rating on robust growth outlook, flags fiscal risks from youth protests

Posted on By admin

Image used for representational purposes. File | Photo Credit: Reuters Fitch Ratings on Tuesday (August 11, 2026) retained India’s sovereign credit rating at ‘BBB-‘ for the 20th year in a row, but flagged risks of pressure on fiscal spending amid youth protest over jobs. Fitch said despite headwinds from the energy shock due to the…

Read More “Fitch retains India’s BBB- rating on robust growth outlook, flags fiscal risks from youth protests” »

Business

Net direct tax collection grows 23% to ₹8.11 lakh cr on slower refunds, higher non-corp taxes

Posted on By admin
Net direct tax collection grows 23% to ₹8.11 lakh cr on slower refunds, higher non-corp taxes

Image used for representational purposes. File | Photo Credit: Getty Images/iStockphoto The net direct tax collection grew 23% to over ₹8.11 lakh crore till August 10 in the current fiscal, on slower refunds and higher mop-up from non-corporate taxes. The net corporate tax collection rose about 20% to about ₹2.70 lakh crore, while non-corporate tax…

Read More “Net direct tax collection grows 23% to ₹8.11 lakh cr on slower refunds, higher non-corp taxes” »

Business

Government approves introduction of one billion polymer banknotes of ₹10 and ₹20

Posted on By admin
Government approves introduction of one billion polymer banknotes of ₹10 and ₹20

The government has approved the introduction of one billion polymer banknotes of ₹10 and ₹20 for field trials, Parliament was informed on Tuesday (August 11, 2026). The Reserve Bank of India (RBI), with the recommendation of its central board, had sent a proposal to the government in terms of Section 25 of the Reserve Bank…

Read More “Government approves introduction of one billion polymer banknotes of ₹10 and ₹20” »

Business

MRF Q1 profit drops 1.3% on input costs

Posted on By admin
MRF Q1 profit drops 1.3% on input costs

MRF Limited reported a consolidated total income of ₹8,610.56 crore for the quarter ended June 30, 2026, up from ₹7,804.23 crore in the corresponding quarter last year. Revenue from operations grew 9.7% year-on-year and 4.8% over the previous quarter. However, consolidated net profit came in at ₹495.35 crore, down 1.3% from ₹501.82 crore a year…

Read More “MRF Q1 profit drops 1.3% on input costs” »

Business

Mutual fund investors rejig portfolios, favour select debt funds over equities in July 2026

Posted on By admin
Mutual fund investors rejig portfolios, favour select debt funds over equities in July 2026

Equity mutual fund net inflows were down 14.75% month-on-month to ₹24,697 crore this July as investors preferred debt-oriented schemes, according to data from Centre for Monitoring Indian Economy (CMIE). The road for equity mutual fund schemes has been bumpy since the start of 2026, with net inflows declining in four of the first seven months….

Read More “Mutual fund investors rejig portfolios, favour select debt funds over equities in July 2026” »

Business

Rupee falls 13 paise to settle at 95.43 against U.S. dollar

Posted on By admin
Rupee falls 13 paise to settle at 95.43 against U.S. dollar

Representative image. | Photo Credit: Getty Images/iStockphoto The rupee declined 13 paise to settle at 95.43 (provisional) against the U.S. dollar on Tuesday (August 11, 2026), tracking a sharp rise in global crude oil prices amid geopolitical uncertainties. However, recent foreign capital inflows provided some support to the local unit, forex traders said. At the…

Read More “Rupee falls 13 paise to settle at 95.43 against U.S. dollar” »

Business

Stock markets decline as elevated crude oil prices weigh on sentiment; Sensex drops 388 points

Posted on By admin
Stock markets decline as elevated crude oil prices weigh on sentiment; Sensex drops 388 points

Benchmark indices Sensex and Nifty ended lower on Tuesday (August 11, 2026) as a sharp rally in crude oil prices due to geopolitical uncertainties dented investors’ sentiment. The 30-share BSE Sensex dropped 388.19 points, or 0.49%, to settle at 78,154.25. During the day, it tanked 494.18 points, or 0.62%, to 78,048.26. The 50-share NSE Nifty…

Read More “Stock markets decline as elevated crude oil prices weigh on sentiment; Sensex drops 388 points” »

Business