Representative image | Photo Credit: Reuters The rupee appreciated 31 paise to 85.05 against the U.S. dollar in early trade on Wednesday (May 14, 2025), supported by gains in domestic equities and positive macroeconomic data. Forex traders said a surge in global crude oil prices may weigh on the rupee. Over the last few sessions,…
Representative image | Photo Credit: PTI Equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (May 14, 2025) as retail inflation eased to a nearly six-year low of 3.16% in April, creating enough room for the Reserve Bank to go for another round of rate cuts in the June monetary policy review….
Image for representation | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) warned investors of Strata SM REITS that the application to surrender registration was accepted by the market regulator. SEBI’s decision follows “certain news reports and review of certain legal proceedings against the promoter”, according to a statement from SEBI. “SEBI engaged…
‘Future conservation efforts should be designed to strengthen our emotional bond with nature’ | Photo Credit: Getty Images/iStockphoto The phrase, “Ecology is the permanent economy”, made popular by environmentalist Sunderlal Bahuguna, is much more than a slogan. It is a profound reminder of the foundational truth that human prosperity is inextricably linked to ecological health….
Cipla reports a fourth-quarter profit. File | Photo Credit: Reuters Cipla, India’s third-biggest drugmaker by sales, reported a fourth-quarter profit that beat estimates on Tuesday (May 13, 2025), helped by strong demand for its drugs used to treat chronic conditions, especially respiratory illnesses. The company’s consolidated net profit came in at ₹12.22 billion ($143.5 million)…
Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington starting May 17 for discussions with their U.S. counterparts on the proposed bilateral trade agreement (BTA), an official said on Tuesday. Also Read | U.S.-China trade agreement a mixed bag for India, say trade experts During the visit, Mr….
Image used for representative purposes. File | Photo Credit: Reuters The rupee pared most of its initial gains to settle 3 paise higher at 85.33 (provisional) against the American currency on Tuesday (May 13, 2025), due to rising appetite for riskier assets amid easing trade tariff tensions. However, rising crude oil prices, a strong U.S….
The data shows that inflation in the food and beverages category came in at 2.14%, with vegetable prices contracting 10.98%, pulses contracting 5.23%, and meat and fish prices contracting 0.35% over their levels in April last year. File | Photo Credit: Reuters Retail inflation in India cooled for the sixth consecutive month in April 2025,…
LIC has hiked its stake in Bank of India (BoI). File | Photo Credit: Reuters Life Insurance Corporation (LIC) has hiked its stake in Bank of India (BoI) to 8.38% as of May 9. LIC has bought about 2.026% stake in public sector BoI between September 2, 2021, and May 9, 2025, BoI said in…
According to a communication from the WTO, India’s reciprocal measures could kick in 30 days from the date it sent its notification to the WTO — May 9. File. | Photo Credit: Reuters At a time when India and the U.S. are in talks over a trade deal, fresh tensions have emerged as India has…
