Rupee set to crash past record, says ex-Reliance forex head Thiagarajan
The growth shock to India’s economy from the coronavirus pandemic will trigger more weakness in the rupee, dragging it toward an unprecedented 80-per dollar level. That’s the view from Venkat Thiagarajan, who has traded currency markets for 26 years, and most recently served as the head of forex at Reliance Industries Ltd., which runs India’s […]
Climbdown in aviation row with United States
India is considering establishing “individual bilateral bubbles” with the US, the UK, Germany and France, allowing the airlines of each country in the pact to operate international passenger flights, said the aviation ministry on Tuesday. The ministry’s statement has come after the US department of transportation announced on Monday that it has barred Air India […]
Petrol Price Touches Two-year High After 17th Consecutive Hike; Diesel Nears Rs 80-mark
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 55 paise as the oil companies increased prices for the 17th day in a row that took the cumulative increase to a steep Rs 8.5 and Rs 10.01 per litre, respectively. Petrol price in Delhi was hiked to Rs 79.76 per […]
Boycotting China items not feasible: L&T MD-CEO SN Subrahmanyan
With the skirmish at the border with China, the ‘Boycott China Products’ sentiment is running high. The dangers of any rash move in this direction are well-known. SN Subrahmanyan, CEO and MD of Larsen & Toubro, in an interview with Shubhra Tandon, cautioned that to take a total view on boycotting Chinese goods is not feasible […]
Sensex opens over 150 points higher, NIfty over 10,300-mark
The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened higher on Monday led by gains in pharmaceutical and banking stocks. At 9:17 am, the S&P BSE Sensex was at 34,906.87, up 175.14 points (0.50 per cent), while the Nifty 50 was at 10,311.80, up 67.40 points (0.66 per cent). On the […]
Reliance is net-debt free after Rs 1.69 lakh crore fund raising: Mukesh Ambani
Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fund raising in under two months. In a statement, Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm’s digital […]
Rupee settles on a flat note, up 2 paise at 76.14 against US dollar
The rupee settled on a flat note, registering a rise of just 2 paise to 76.14 (provisional) against the US dollar on Thursday, tracking weak US dollar and gains in the domestic equity market. Forex traders said rupee was trading in a narrow range as positive domestic equities and weak US currency supported the local […]
Chinese firms to lose India business in Railways, telecom
As tensions run high after the violent clash in Ladakh that left 20 Indian soldiers dead, a first set of actions have been initiated against Chinese businesses in the country. A Chinese engineering major is set to lose a significant contract with the Indian Railways, and the Department of Telecommunications (DoT) has conveyed to state-owned Bharat […]
Rupee recoups losses, settles 4 paise higher at 76.16 against US dollar
The rupee pared early losses and provisionally settled 4 paise higher at 76.16 against the US dollar on Wednesday tracking gains in the domestic equity market and weakening US dollar. According to forex traders, border tension with China, foreign fund outflows and concerns over rising Covid-19 cases are weighing on investor sentiment. The rupee opened […]
Petrol Price Hiked For Ninth Straight Day; Sees Cumulative Increase Of Rs 5
Petrol price on Monday was hiked by 48 paise per litre and diesel by 23 paise a litre as oil companies for the ninth day in a row adjusted retail rates in line with costs since ending an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 76.26 per litre from […]
