The rupee plunged 38 paise to close at an all-time low of 90.32 against the US dollar on Thursday amid uncertainty over the India-US trade deal. Illustration: Dominic Xavier/Rediff Forex traders said the rupee is expected to trade with a
Benchmark stock indices Sensex and Nifty rebounded on Thursday, cutting short a three-day falling streak following buying in auto and metal stocks and a rate cut by the US Federal Reserve. Photograph: Shailesh Andrade/Reuters Rebounding from its early lows, the
Retail investors are moving away from a buy-and-hold approach and towards more informed short-term positioning, recent investment patterns show. Illustration: Dominic Xavier/Rediff Over the past two months — a period of sharp rebound in Indian equities — retail investors have
Benchmark stock indices Sensex and Nifty declined for the third straight day on Wednesday to close at a nearly month’s low, dragged by a last-hour selloff in consumer durables, private banks and IT shares. Photograph: Danish Siddiqui/Reuters In a volatile
While GST on ICE vehicles was brought down significantly, for electric cars it remained at 5 per cent. Photograph: Bhawika Chhabra/Reuters The goods and services tax (GST) reforms clearly tilted the scales in favour of internal combustion engine (ICE) cars
A US bankruptcy court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn Pvt Ltd – the parent firm of ed-tech platform Byju’s. Illustration: Dominic Xavier/Rediff The Delaware
Microsoft Chairman and CEO Satya Nadella met Prime Minister Narendra Modi for the second time this year. Satya’s visit was focused on India’s AI roadmap, backed by a $17.5 billion commitment for infrastructure and skill-building. IMAGE: Satya meets Modi
Microsoft CEO Satya Nadella on Tuesday announced plans to invest $17.5 billion in India to help build infrastructure and sovereign capabilities for the country’s AI-first future, marking the third major AI-driven investment in the country in the past two months.
Belgium’s supreme court — the Court of Cassation — on Tuesday rejected the appeal of fugitive diamond trader Mehul Choksi challenging the extradition request of India in connection with the Rs 13000-crore alleged bank fraud in Punjab National Bank, authorities
The projections in the cement industry are mixed. Prices and demand remained muted in the third quarter (October & November) and short term uptick doesn’t seem likely. Image used for representative purpose only. Photograph: Jayanta Dey/Reuters However, the second quarter
