Category: Business

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Sensex, Nifty fall for third day, dragged by foreign fund outflows, weak global peers

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Sensex, Nifty fall for third day, dragged by foreign fund outflows, weak global peers

The 30-share BSE Sensex declined 94.73 points, or 0.11%, to settle at 83,216.28, and the 50-share NSE Nifty dipped 17.40 points, or 0.07%, to 25,492.30. Representational image. | Photo Credit: Getty Images/iStockphoto Benchmark indices Sensex and Nifty ended lower on Friday (November 7, 2025) as relentless foreign fund outflows and weak trends in global markets…

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Lifting of curbs on bank acquisition financing to aid economy, says RBI chief

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Lifting of curbs on bank acquisition financing to aid economy, says RBI chief

Governor of the Reserve Bank of India Sanjay Malhotra. File | Photo Credit: AP The removal of restrictions on banks for acquisition financing will help the real economy, Reserve Bank of India Governor Sanjay Malhotra said on Friday (November 7, 2025). Last month, the RBI allowed banks to fund acquisitions and raised the cap on…

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Rupee drops 3 paise to 88.66 against U.S. dollar in early trade

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Rupee drops 3 paise to 88.66 against U.S. dollar in early trade

Image for representation only | Photo Credit: Getty Images The rupee declined 3 paise to 88.66 against the U.S. dollar in early trade on Friday as the American currency strengthened against major rivals and foreign investors kept on withdrawing funds from the Indian capital market. According to forex traders, the Indian rupee was also weighed…

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Sensex, Nifty tumble in early trade dragged by foreign fund outflows, weak global peers

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Sensex, Nifty tumble in early trade dragged by foreign fund outflows, weak global peers

Representational image of the Bombay Stock Exchange (BSE) building | Photo Credit: PTI Benchmark indices Sensex and Nifty tumbled in early trade on Friday (November 7, 2025) as relentless foreign fund outflows and weak trends in global markets hit investors’ sentiment. The 30-share BSE Sensex tanked 631.93 points to 82,679.08 in early trade. The 50-share…

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Google planning powerful AI data centre on tiny Australian Indian Ocean outpost

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Google planning powerful AI data centre on tiny Australian Indian Ocean outpost

Google plans to build a large artificial intelligence data centre on Australia’s remote Indian Ocean outpost of Christmas Island after signing a cloud deal with the Department of Defence earlier this year, according to documents reviewed by Reuters and interviews with officials. Plans for the data centre on the tiny island located 350 km (220…

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India’s Auto Sales Report October 2025: Retail sales surge 40.5%, led by 2Ws, CVs and PVs, says FADA

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India’s Auto Sales Report October 2025: Retail sales surge 40.5%, led by 2Ws, CVs and PVs, says FADA

After an almost quiet September for first 21 days due to the GST 2.0 transition, October witnessed a swift rebound. File. | Photo Credit: Reuters Overall automobile Retail sales in October 2025 rise 40.5% YoY, hitting all time high as per data released by Federation of Automobile Dealers Association (FADA). 2Ws grew 51.76% YoY to…

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Large bank shareholders’ voting cap said to remain

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Large bank shareholders’ voting cap said to remain

Representative image. File | Photo Credit: Reuters India plans to retain a cap on voting rights for large shareholders in domestic banks, two sources said, signalling New Delhi’s attempts to liberalise the financial sector and draw more foreign investment, will stay limited in scope. Reserve Bank of India (RBI), the country’s banking regulator, initiated a…

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India needs big, world-class banks: Nirmala Sitharaman

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India needs big, world-class banks: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman addresses the 12th SBI Banking and Economics Conclave 2025, in Mumbai, on November 6, 2025. Picture: X/@nsitharamanoffc Finance minister Nirmala Sitharaman on Thursday (November 6, 2025) asked banks to adhere to system driven lending practices and learn from the past so that financial discipline is not threatened. “We have many self-reliant…

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