Category: Business

Business

U.S. trading firm Jane Street files case against SEBI, document shows

September 3, 2025 admin

SEBI on July 4 temporarily barred Jane Street from the local market on allegations that it manipulated India’s key indexes, in one of the strongest actions it has taken against a foreign investor. File. | Photo Credit: Reuters Jane Street on Wednesday (September 3, 2025) filed a case against India’s markets regulator which has accused…

Business

U.S. trading firm Jane Street files case against India markets regulator, document shows

September 3, 2025 admin

Business

Rupee recovers 9 paise from all-time low to close at 88.06 against U.S. dollar

September 3, 2025 admin

Forex traders said the rupee is trading near all-time low levels amid persistent foreign fund outflows on the back of ongoing trade tariff concerns between India and the U.S. File | Photo Credit: Reuters The rupee recovered 9 paise from its all-time low level to settle at 88.06 (provisional) against the U.S. dollar on Wednesday…

Business

Stock markets bounce back amid volatility; Sensex closes higher 410 points

September 3, 2025 admin

Benchmark equity indices Sensex and Nifty closed higher in a volatile session on Wednesday (September 3, 2025), driven by a rally in metal stocks and optimism related to the GST Council meeting. After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51%, to settle at 80,567.71. During the day, the…

Business

Andhra Pradesh power sector records 20% growth in generation: Minister Ravi Kumar

September 3, 2025 admin

Image only for the purpose of representation. | Photo Credit: Nagara Gopal Energy Minister Gottipati Ravi Kumar on Tuesday (September 2, 2025) said Andhra Pradesh was poised for a major leap in the power sector, with AP-Genco and AP Power Development Corporation Limited (APPDCL) recording a generation of over 16,000 Million Units (MU) of coal-fired…

Business

Rupee recovers 15 paise to 88 per U.S. dollar in early trade

September 3, 2025 admin

Representative image | Photo Credit: Reuters The rupee recovered 15 paise from its all-time low level to 88.00 against the U.S. dollar in early trade on Wednesday (September 3, 2025) as persistent foreign fund outflows and dollar strength weighed on investor sentiments. Forex traders said the rupee is trading near an all-time low, driven by…

Business

Service sector growth hit 15-year high in August, but inflation intensifies, PMI shows

September 3, 2025 admin

India’s services PMI Business Activity Index reached a fifteen-year high last month … on the back of surging new orders. (Image used for representation) | Photo Credit: Getty Images/iStockphoto India’s services sector growth accelerated to a 15-year high in August on robust demand, which also pushed prices higher at the fastest rate in over a…

Business

Urban Company’s ₹1,900 crore IPO to open on September 10; sets price band at ₹98-103 per share

September 3, 2025 admin

Urban Company’s maiden public offering will be open for subscription during September 10-12, and the bidding for anchor investors will open for a day on September 9. | Photo: Screengrab via X/@urbancompany_UC Urban Company, the mobile app-based beauty and home services platform, on Wednesday (September 3, 2025) fixed a price band of ₹98 to ₹103…

Business

56th GST Council Meeting begins in New Delhi: Who are the members and what is their voting power?

September 3, 2025 admin

Union Finance Minister Nirmala Sitharaman will chair the 56th GST Council meeting on September 3. File. | Photo Credit: PTI The GST Council is the governing body for Goods and Services Tax implementation in India, comprising representatives from both the central and state governments. The GST Council consists of 33 members from the Central Government…

Business

Kinetic India seeks uniform GST rate for two-wheelers

September 3, 2025 admin

The auto industry has also sought clarity on the continuation of incentives for electric vehicles. | Photo Credit: The Hindu Archives Two-wheeler maker Kinetic India has urged for a uniform tax rate on motorcycles at the two-day GST Council meeting beginning Wednesday, while also seeking the continuation of the lower 5% GST on electric vehicles….

Business