Category: Business

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Rupee falls 8 paise to hit record low of 88.18 against U.S. dollar

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Rupee falls 8 paise to hit record low of 88.18 against U.S. dollar

The rupee declined 8 paise to close at an all-time low of 88.18 (provisional) against the U.S. dollar, as Indo-U.S. trade deal uncertainty and weak domestic equity markets pressurised the local unitImage used for representation purpose only. | Photo Credit: Reuters The rupee declined 8 paise to close at an all-time low of 88.18 (provisional)…

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U.S. tariffs likely to hit Indian tea exports, says Indian Tea Association

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U.S. tariffs likely to hit Indian tea exports, says Indian Tea Association

Image used for representational purpose only. | Photo Credit: Ritu Raj Konwar The United States’ 50% tariffs on imports from India have come into effect, and the Indian Tea Industry has said the move is likely to affect Indian tea exports to the U.S. According to the Indian Tea Association (ITA), the U.S. is a…

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National Company Law Tribunal admits Aban Offshore under insolvency process

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National Company Law Tribunal admits Aban Offshore under insolvency process

Image used for representation purpose only. The National Company Law Tribunal (NCLT), Chennai, on Monday (September 1, 2025) admitted Aban Offshore Ltd. for insolvency resolution, following a petition filed by Punjab National Bank. The order copy is awaited, Aban Offshore said in a filing to the stock exchange. Punjab National Bank, a financial creditor, had…

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SEBI issues new rules for monitoring intraday derivative positions

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SEBI issues new rules for monitoring intraday derivative positions

The logo of Securities and Exchange Board of India (SEBI) on its headquarters in Mumbai. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) late on Monday (September 1, 2025) issued fresh rules for monitoring intraday positions in equity derivatives. The markets regulator has been reassessing the rules for equity derivatives…

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Stock markets extend previous day’s rally; Sensex climbs over 200 points

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Stock markets extend previous day’s rally; Sensex climbs over 200 points

Representative image | Photo Credit: PTI Benchmark indices Sensex and Nifty rallied in early trade on Tuesday (September 2, 2025), extending the previous session’s gains, as investors’ sentiment remained buoyant amid strong macroeconomic data. The 30-share BSE Sensex climbed 207.45 points to 80,571.94 in early trade. The 50-share NSE Nifty advanced 60.8 points to 24,685.85….

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Business

Rupee falls 6 paise to 88.16 against U.S. dollar in early trade

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Rupee falls 6 paise to 88.16 against U.S. dollar in early trade

Representative image. | Photo Credit: Reuters The rupee depreciated 6 paise to 88.16 against the U.S. dollar in early trade on Tuesday (September 2, 2025), weighed down by persistent foreign fund outflows and dollar demand. Forex traders said on Monday, the rupee touched a record intraday low of 88.33 against the dollar before clawing back…

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Nestle sacks CEO over ‘undisclosed romantic relationship’ in office

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Nestle sacks CEO over ‘undisclosed romantic relationship’ in office

Nestle CEO Laurent Freixe (left) and Nestle chairman Paul Bulcke (right) attend a general shareholders meeting of Swiss food giant Nestle in Ecublens, near Lausanne, on April 16, 2025. | Photo Credit: AFP Swiss food giant Nestle on Monday (September 1, 2025) dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic…

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Business

Corporate investments missing link in India’s growth: Patra 

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Corporate investments missing link in India’s growth: Patra 

Michael Patra | Photo Credit: Corporate investments are the missing links in the Indian economy which had a three-year average annual growth rate of 8.1% in fiscal 2024, according to former RBI deputy governor and economist Michael Patra. India spends among the lowest per capita on physical infrastructure ($90), Dr. Patra said. “We need to…

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