Category: Business

Business

Stock markets halt 4-day rally on selling in blue-chips RIL, HDFC Bank

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Stock markets halt 4-day rally on selling in blue-chips RIL, HDFC Bank

Representative image | Photo Credit: Reuters Benchmark indices Sensex and Nifty closed lower on Wednesday (October 8, 2025), snapping their four-day rally following selling in blue-chip stocks Reliance Industries and HDFC Bank. In a volatile session, the 30-share BSE Sensex declined 153.09 points or 0.19% to settle at 81,773.66. During the day, it hit a…

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IMC 2025: Beyond 5G, India’s ambitions extend to 6G, satellite communication, says Jyotiraditya Scindia

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IMC 2025: Beyond 5G, India’s ambitions extend to 6G, satellite communication, says Jyotiraditya Scindia

Union Communications Minister Jyotiraditya Scindia. File | Photo Credit: ANI India’s ambitions extend well beyond 5G, with a target of securing 10% of 6G patents, while satellite communications are poised for exponential growth, with the market set to triple by 2033, Communications Minister Jyotiraditya Scindia said on Wednesday (October 8, 2025). Speaking at the India…

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India Mobile Congress 2025: Mobile data cheaper than a cup of tea in India, says PM Modi

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India Mobile Congress 2025: Mobile data cheaper than a cup of tea in India, says PM Modi

PM Narendra Modi inaugurated the ninth edition of the India Mobile Congress (IMC) 2025 at Yashobhoomi Convention Centre in New Delhi. File | Photo Credit: Reuters Mobile data in India is now cheaper than a cup of tea, said Prime Minister Narendra Modi while inaugurating the ninth edition of the India Mobile Congress (IMC) 2025…

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Business

Equity markets trade higher in early trade on buying in IT stocks, fresh foreign fund inflows

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Equity markets trade higher in early trade on buying in IT stocks, fresh foreign fund inflows

U.S. markets ended lower on October 7. Global oil benchmark Brent crude climbed 0.78% to $65.96 a barrel. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty climbed in early trade on Wednesday (October 8, 2025), taking their winning momentum to the fifth day running, driven by buying in IT stocks and fresh foreign…

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Rupee rises 2 paise to 88.75 against U.S. dollar in early trade

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Rupee rises 2 paise to 88.75 against U.S. dollar in early trade

On October 7, the rupee fell 3 paise to close at 88.77 against the U.S. dollar. File | Photo Credit: Reuters Rupee witnessed range-bound trading in morning deals on Wednesday (October 8, 2025) and rose two paise to 88.75 against the U.S. dollar, tracking a positive trend in domestic equities and likely IPO-related inflows. Forex…

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Modernisation of financial architecture: how India is adopting stablecoins

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Modernisation of financial architecture: how India is adopting stablecoins

Stablecoins are a category of crypto assets that aim to maintain a stable value relative to a specified asset, or basket of assets, providing perceived stability. Various definitions of stablecoins exist, with different countries; standard-setting bodies such as the Financial Stability Board, Bank for International Settlements and International Monetary Fund; and many central banks contributing…

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ONGC asked to pay ₹60 lakh as penalties for alleged discrepancy in excise duty payment of Rajahmundry asset

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ONGC asked to pay ₹60 lakh as penalties for alleged discrepancy in excise duty payment of Rajahmundry asset

According to ONGC, it had already paid ₹42 lakh for the quantity it had produced itself and sought exemption of the approx. ₹18 lakh, for the quantity produced by the contractor, as per relevant provisions back then. File. | Photo Credit: Reuters State-owned explorer Oil and Natural Gas Company (ONGC) informed Tuesday that the Vijayawada…

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