Category: Business

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Rupee dives 61 paise to close at all-time low of 88.19 against U.S. dollar

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Rupee dives 61 paise to close at all-time low of 88.19 against U.S. dollar

Representational file image. | Photo Credit: Reuters The rupee breached the 88-mark for the first time and closed at an all-time low of 88.19 (provisional) against the U.S. dollar on Friday (August 29, 2025), registering a sharp decline of 61 paise amid heightened Indo-US trade deal tensions. Forex traders said the rupee is under persistent…

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JioHotstar world’s second largest streaming platform, JioStar to serve a billion screens: Akash Ambani

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JioHotstar world’s second largest streaming platform, JioStar to serve a billion screens: Akash Ambani

Reliance Jio Infocomm Ltd Chairman Akash Ambani. File | Photo Credit: ANI JioHotstar, the OTT platform owned by the joint venture created after the merger of the media business of Reliance and the India business of global media giant Walt Disney, has become the second-largest streaming platform. In addition, with a 34% TV market share…

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Reliance AGM 2025: Mukesh Ambani announces Reliance Intelligence, new AI-focused subsidiary

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Reliance AGM 2025: Mukesh Ambani announces Reliance Intelligence, new AI-focused subsidiary

Chairman of Reliance Industries Limited Mukesh Ambani. | Photo Credit: Reuters During the Annual General Meeting on Friday (August 29, 2025), Reliance Industries had announced the formation of a new wholly-owned subsidiary called Reliance Intelligence to focus in AI and deep tech. The Chairman of RIL Mukesh Ambani announced this during his address to…

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Gross FDI at four-year high in June; net FDI fell 50% on surging outward investments & repatriations

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Gross FDI at four-year high in June; net FDI fell 50% on surging outward investments & repatriations

The data, released as part of the RBI’s monthly bulletin, shows that this trend holds true on a quarterly basis as well.  | Photo Credit: T.C.A. Sharad Raghavan While the gross Foreign Direct Investment (FDI) into India grew to a four-year high in June 2025, the net amount contracted more than 50% owing to faster…

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Business

Reliance AGM: India is home for world’s most dynamic businesses, says Sundar Pichai

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Reliance AGM: India is home for world’s most dynamic businesses, says Sundar Pichai

Image used for illustration purpose only. | Photo Credit: Reuters Joining the Reliance Industries AGM on Friday (August 29, 2025) virtually, Google’s Sundar Pichai said “India has always been a special place to Google. It is home to some of the world’s most dynamic businesses, a thriving start-up ecosystem, and incredible amounts of creativity and…

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India’s rise is unstoppable despite geopolitical uncertainty, says Mukesh Ambani

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India’s rise is unstoppable despite geopolitical uncertainty, says Mukesh Ambani

“Despite geopolitical uncertainty, India is on the rise, and India’s rise is unstoppable,” Mukesh Ambani, CMD, Reliance Industries Ltd told shareholders at the company’s AGM on Friday (August 29, 2025). “Today, India already ranks among the world’s top four global economies. Under the determined leadership of our Prime Minister, Narendrabhai Modiji, India’s GDP is growing…

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Tata Motors introduces all-new Winger Plus at ₹20.60 lakh 

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Tata Motors introduces all-new Winger Plus at ₹20.60 lakh 

A view of the newly launched Tata Motors’ all-new 9-seater Tata Winger Plus. Tata Motors has announced the launch of the all-new 9-seater Tata Winger Plus at a price of ₹20.60 lakh (ex-showroom, New Delhi). It is a premium passenger mobility offering designed for staff transportation and the growing travel and tourism segment.  “The Winger Plus…

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Business

Shrimp export volume set to decline 15-18% on higher U.S. tariffs, says CRISIL 

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Shrimp export volume set to decline 15-18% on higher U.S. tariffs, says CRISIL 

India’s shrimp export volume is headed to fall 15-18% this fiscal with the U.S. raising tariff to 58.26% with effect from August 27, CRISIL Ratings said in a note.  “Realisations would fall, too, even as exporters look to change their product mix and scout for alternative export destinations,” it said  “Thus, revenues, which were stagnant…

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Business

Rupee falls 18 paise to 87.76 against U.S. dollar in early trade

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Rupee falls 18 paise to 87.76 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 18 paise to 87.76 against the U.S. dollar in early trade on Friday (August 29, 2025), weighed down by persistent foreign fund outflows and month-end dollar demand. Forex traders said the rupee is under persistent pressure as the weakness from Mr. Trump…

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