Category: Business

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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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SEBI alleges insider trading of ₹173 crore in IEX

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SEBI alleges insider trading of ₹173 crore in IEX

SEBI banned eight individuals, alleging them of insider trading in the scrips of India Energy Exchange. File | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) banned eight individuals, alleging them of insider trading in the scrips of India Energy Exchange amounting to a ₹173.14 crore, according to an interim order released October…

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U.K. sanctions Gujarat’s Nayara Refinery

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U.K. sanctions Gujarat’s Nayara Refinery

The timing of the U.K. sanctions is significant, coming days after U.K. Prime Minister Keir Starmer led a large trade delegation to Mumbai and U.K.-India relations appeared to touch a new high. (picture for representational purposes only) | Photo Credit: YORUK ISIK The British government has sanctioned the Vadinar (Jamnagar) oil refinery owned by Nayara…

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Indian team in U.S. to discuss tariffs, shutdown not “right time” for official negotiation on trade deal: Commerce Secretary

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Indian team in U.S. to discuss tariffs, shutdown not “right time” for official negotiation on trade deal: Commerce Secretary

Commerce Secretary Rajesh Agrawal holds a bilateral meeting with U.S. Ambassador-designate to India Sergio Gor, in New Delhi on October 13, 2025. Photo: X/@USAmbIndia via ANI A team from India is currently in the U.S. to discuss issues relating to tariffs, according to Commerce Secretary Rajesh Agrawal. However, due to the ongoing shutdown in the…

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U.S. deficit-to-GDP ratio has room to come down, Bessent says

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U.S. deficit-to-GDP ratio has room to come down, Bessent says

U.S. Treasury Secretary Scott Bessent looks on during a press conference with U.S. Trade Representative Jamieson Greer on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., on October 15, 2025. | Photo Credit: Reuters The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary…

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Tata Steel says will deploy female staff in all three shifts in Jamshedpur plant

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Tata Steel says will deploy female staff in all three shifts in Jamshedpur plant

Representational image only. File | Photo Credit: Reuters Tata Steel on Wednesday (October 15, 2025) announced that it would deploy female employees across all three shifts at the company’s Jamshedpur plant. “An estimated 543 female employees across 21 departments will work in three shifts by February 1, 2026, and the deployment will be made in…

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Sensex jumps 575 points, Nifty ends above 25,300 after rally in Asian peers

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Sensex jumps 575 points, Nifty ends above 25,300 after rally in Asian peers

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Benchmark Sensex spurted by 575 points while Nifty closed above 25,300 on Wednesday (October 15, 2025) on buying in banking and financial shares, driven by a rally in Asian and European markets amid hopes of a rate cut by the U.S. Federal Reserve later this…

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Rupee recovers 75 paise from all-time low to close at 88.06 against U.S. dollar

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Rupee recovers 75 paise from all-time low to close at 88.06 against U.S. dollar

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee bounced back sharply by 75 paise to close at 88.06 (provisional) against the U.S. dollar on Wednesday (October 15, 2025), posting its biggest intraday gain in nearly four months, due to likely intervention by the RBI and a surge in the domestic markets….

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