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Category: Business

Business

Foreign firms halted India projects worth ₹2 lakh crore in Q1, 1,200% more than last year

Posted on September 3, 2025 By admin
Foreign firms halted India projects worth ₹2 lakh crore in Q1, 1,200% more than last year

“This is very largely the impact of tariff uncertainties,” D.K. Srivastava, Chief Policy Advisor at EY India, told The Hindu. File | Photo Credit: Reuters Tariff-related uncertainty pushed foreign companies to pull the plug on nearly ₹2 lakh crore worth of projects in India in the first quarter of this financial year, more than 1,200%…

Read More “Foreign firms halted India projects worth ₹2 lakh crore in Q1, 1,200% more than last year” »

Business

RIR Power to commence commercial production of semiconductor chip next March, says Odisha’s Principal Secretary for IT

Posted on September 3, 2025 By admin
RIR Power to commence commercial production of semiconductor chip next March, says Odisha’s Principal Secretary for IT

Image for representational purposes only. | Photo Credit: Getty Images/iStockphoto RIR Power Electronics Ltd. is expected to commence “full-fledged” commercial production of electronic chips by March next year, Principal Secretary in the Electronics and Information Technology Department of the Government of Odisha Vishal Dev told The Hindu. In an interaction at the sidelines of the…

Read More “RIR Power to commence commercial production of semiconductor chip next March, says Odisha’s Principal Secretary for IT” »

Business

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

Posted on September 3, 2025 By admin
U.S. trading firm Jane Street files case against SEBI, document shows

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…

Read More “U.S. trading firm Jane Street files case against SEBI, document shows” »

Business

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

Posted on September 3, 2025 By admin
U.S. trading firm Jane Street files case against India markets regulator, document shows

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…

Read More “U.S. trading firm Jane Street files case against India markets regulator, document shows” »

Business

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

Posted on September 3, 2025 By admin
Rupee recovers 9 paise from all-time low to close at 88.06 against U.S. dollar

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…

Read More “Rupee recovers 9 paise from all-time low to close at 88.06 against U.S. dollar” »

Business

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

Posted on September 3, 2025 By admin
Stock markets bounce back amid volatility; Sensex closes higher 410 points

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…

Read More “Stock markets bounce back amid volatility; Sensex closes higher 410 points” »

Business

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

Posted on September 3, 2025 By admin
Andhra Pradesh power sector records 20% growth in generation: Minister Ravi Kumar

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…

Read More “Andhra Pradesh power sector records 20% growth in generation: Minister Ravi Kumar” »

Business

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

Posted on September 3, 2025 By admin
Rupee recovers 15 paise to 88 per U.S. dollar in early trade

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…

Read More “Rupee recovers 15 paise to 88 per U.S. dollar in early trade” »

Business

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

Posted on September 3, 2025 By admin
Service sector growth hit 15-year high in August, but inflation intensifies, PMI shows

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…

Read More “Service sector growth hit 15-year high in August, but inflation intensifies, PMI shows” »

Business

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

Posted on September 3, 2025 By admin
Urban Company’s ₹1,900 crore IPO to open on September 10; sets price band at ₹98-103 per share

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…

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

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