Category: Business

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Rupee jumps 21 paise to close at 87.87 against U.S. dollar

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Rupee jumps 21 paise to close at 87.87 against U.S. dollar

Image for representation only | Photo Credit: Getty Images Rising for the second straight session, the rupee surged 21 paise to close at 87.87 (provisional) against the U.S. dollar on Thursday (October 16, 2025), buoyed by a softer American currency against major currencies and renewed risk-on sentiment among investors. Forex traders said that likely intervention…

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India in active dialogue for trade pact with U.S., EU, Oman: Goyal

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India in active dialogue for trade pact with U.S., EU, Oman: Goyal

Minister of Commerce and Industry Piyush Goyal, during the India-Brazil Business Dialogue, in New Delhi on October 16, 2025 | Photo Credit: PTI India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the U.S., Oman, and the EU, Commerce and Industry…

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Markets surge for 2nd day; Sensex jumps 862 points tracking rally in global peers

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Markets surge for 2nd day; Sensex jumps 862 points tracking rally in global peers

Representational image of a bronze sculpture of a bull on the premises of the Bombay Stock Exchange (BSE) building | Photo Credit: Reuters Equity markets ended sharply higher on Thursday (October 16, 2025), with the benchmark Sensex rising 862.23 points and the Nifty scaling 25,585.30 level, tracking a rally in global markets amid US Fed…

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Infosys’ Q2 net profit up 13.2% YoY to ₹7,364 crore

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Infosys’ Q2 net profit up 13.2% YoY to ₹7,364 crore

Infosys had logged a net profit of ₹6,506 crore in the same period a year ago. File | Photo Credit: Reuters Infosys Ltd, India’s second lead tech player, on Thursday (October 16, 2025) reported net profit of ₹7,364 crore for the September 30 ended quarter, a 13.2% year-on-year increase over ₹6,506 crore. The IT firm’s total…

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Nestle India’s September quarter profit slips 17.4% to ₹743 crore

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Nestle India’s September quarter profit slips 17.4% to ₹743 crore

Representational image of Nestle’s logo | Photo Credit: Reuters FMCG major Nestle India Ltd on Thursday (October 16, 2025) reported a 17.37% decline in consolidated net profit to ₹743.17 crore for the September 2025 quarter. The company had posted a net profit of ₹899.5 crore a year ago, according to a regulatory filing by Nestle…

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India to host Asia Pacific aircraft accident investigators meet from October 28-31

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India to host Asia Pacific aircraft accident investigators meet from October 28-31

The Aircraft Accident Investigation Bureau (AAIB), on behalf of the Ministry of Civil Aviation, will be hosting the four-day Asia Pacific Accident Investigation Group (APAC-AIG) meeting for the first time in India. File | Photo Credit: Reuters India will host the meeting of the Asia Pacific region’s aircraft accident investigators for the first time from…

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Gold surges ₹1,185 to record ₹1.28 lakh/10g, breaches $4,250 an ounce in global markets

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Gold surges ₹1,185 to record ₹1.28 lakh/10g, breaches ,250 an ounce in global markets

Gold prices on Thursday (October 16, 2025) surged by ₹1,185 to scale an all-time high of ₹1,28,395 per 10 grams in the domestic futures trade, while the yellow metal crossed the $4,250 per ounce globally, driven by expectations of interest rate cuts by the U.S. Federal Reserve, and persistent geopolitical tensions. On the Multi Commodity…

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Stock markets surge in early trade tracking rally in global peers

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Stock markets surge in early trade tracking rally in global peers

Equity benchmark indices Sensex and Nifty surged in early trade on Thursday (October 16, 2025). File photo for representation. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty surged in early trade on Thursday (October 16, 2025), tracking a rally in global markets amid U.S. Fed rate cut hopes. Fresh foreign fund inflows also…

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Rupee rises 40 paise to 87.68 against U.S. dollar in early trade

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Rupee rises 40 paise to 87.68 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Reuters The rupee appreciated 40 paise to 87.68 against the U.S. dollar in early trade on Thursday (October 16, 2025), primarily driven by central bank intervention, a softer dollar index. Forex traders said other supportive factors like positive domestic equities, lower crude oil prices and renewed…

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