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At the interbank foreign exchange market, the rupee opened at 88.21, and touched an early low of 88.34 and a high of 88.18 against the greenback, registering a gain of 11 paise from its previous close. | Photo Credit: Reuters The rupee traded in a narrow range against the U.S. dollar in early trade on…
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“Our team is bringing the most advanced AI data center solutions to the United States, which will help our leading customers stay ahead in the AI race,” Foxconn Chairman Young Liu said [File] | Photo Credit: REUTERS Foxconn, the world’s largest electronics maker and Nvidia’s key AI server maker, said on Tuesday it will deploy…
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Union Minister of Commerce and Industry Piyush Goyal meets EU Commissioner for Trade and Economic Security Maros Sefcovic, in Brussels, on October 27, 2025 | Photo Credit: ANI India and the European Union have “significantly” reduced the gaps in their negotiating positions after three days of trade discussions in Brussels, Commerce and Industry Minister Piyush…
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Many have now formed their opinions about the 2025 Nobel Economics Prize and how its focus signals to the world, the criticality of the economics of innovation and growth. However, what was also curious was the quip by the 2025 Laureate Joel Mokyr (one of the three winners) that ‘economic historians don’t win the prize’….
The Multi-Commodity Exchange faced disruptions to operations due to a technical issue on Tuesday (October 28, 2025), forcing it to commence trading over 4 hours late and shift operations to its disaster recovery site. The commodities bourse said that all its trading systems are now functioning normally and an investigation into the issue has been…
Read More “Technical glitch delays market opening at Multi-Commodity Exchange; probe initiated” »
Anuj Jain, Director of Finance, Indian Oil Corporation Ltd. Photo: Facebook/Indian Oil Corporation Ltd. We are not going to absolutely discontinue purchasing Russian crude oil as long as we are in compliance with all sanctions, Anuj Jain, Director of Finance at state-owned refiner Indian Oil stated in the second quarter investor call on Tuesday (October…
Steven Greenway, CEO, flyadeal. File | Photo Credit: Special arrangement Saudi Arabian low-cost airline flyadeal will launch operations into India with “four to five” destinations in 2026, said CEO Steven Greenway, while highlighting the need to curb the diversion of traffic through third-country hubs like Dubai and Doha. “We would have liked to have been…
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Coal Ministry would be launching the fourteenth round of commercial coal mine auctions Wednesday (October 29, 2025). Other than offering a fresh set of fully and partially explored blocks for auction, the latest round would be for the first time introducing provisions for underground coal gasification (UGC) within the framework. UGC as a method of…
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Foreign Institutional Investors sold equities worth ₹55.58 crore on October 27, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated by 8 paise to close at 88.27 against the U.S. dollar on Tuesday (October 28, 2025) on weak domestic stock markets and foreign fund outflows. Forex traders said a weak U.S. dollar…
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