Rupee jumps to 95 per dollar Rupee extended its winning streak on Tuesday, strengthening to 94.96 against the US dollar. The currency opened at 95.53 in the interbank market and rose 82 paise or 0.7% from its previous close. The latest gains come after rupee’s sharp rally on Monday, when it rose 93 paise to…
India’s growth story remains strong India’s economy is expected to grow by 7% in both 2026 and 2027, according to the International Monetary Fund (IMF), keeping the country among the fastest-growing major economies despite growing uncertainties. According to the institution, strong domestic demand, robust services activity and favourable demographic trends are expected to support this…
Crude holds near $105 per barrel Oil prices edged lower on Tuesday after rising by nearly $2 a barrel in the previous session, as traders weighed the risks to supplies from attacks on Saudi Arabia against the prospect of additional diesel supplies from Russia.West Texas Intermediate (WTI) crude was trading at $92.84 a barrel, down…
MUMBAI: Dalal Street witnessed heightened volatility on Monday with the sensex swinging over 1,200 points from a sharp rally in the first few minutes to a sudden dive below the previous close and finally settling in the red.In early trade, the indices rallied on the back of RBI’s weekend measures to support the rupee-which gained…
Union finance minister Nirmala Sitharaman with Jammu and Kashmir chief minister Omar Abdullah, Haryana chief minister Nayab Singh Saini, Karnataka chief minister DK Shivakumar, Delhi chief minister Rekha Gupta, state finance ministers and other dignitaries during the 57th Goods and Services Tax (GST) Council Meeting NEW DELHI: With GST rate rationalisation and procedural simplification out…
MUMBAI: HCLTech’s dollar revenue rose to $3.7 billion in the Sept quarter, up 2% sequentially and 2.2% year-on-year. In constant currency terms, revenue grew 2.3% sequentially and 2.6% year on year. EBIT margin expanded 131 basis points sequentially and 71 basis points year-on-year to 18.2%.The company’s services business grew 3% sequentially, generating more than $100…
MUMBAI: The rupee rose 96 paise to 95.77 per dollar on Monday after fresh measures to curb dollar demand and speculative positions, even as banks sought relaxation of the new foreign exchange restrictions, more time for compliance and clarity on operational issues. The currency has weakened around 6.5% this year.The recovery may prove temporary unless…
BENGALURU: IT firms had shrugged off concerns over their dependence on the US green-card route well before the US administration announced the suspension of PERM processing, with certified applications already declining sharply.Thirteen major IT services companies recorded 607 certified permanent labour certification (PERM) applications in the first nine months of FY26, compared with 1,670 in…
CHENNAI: Lakshmi Venu and Mallika Srinivasan have said the economic settlement within the Venu Srinivasan (VS) family remains unresolved, disputing suggestions that a division of assets has been completed.In a joint statement issued amid recent media reports, Lakshmi Venu and Mallika Srinivasan, daughter and wife of Venu Srinivasan, respectively, said no agreement on the division…
MUMBAI: Bank of India has declared Kishore Biyani’s Future Enterprises Ltd’s account, with outstanding dues of Rs 575.4 crore, as fraud and reported it to RBI on Monday. The bank has made provisions for the entire outstanding amount. Future Enterprises was admitted to the corporate insolvency resolution process by the Mumbai bench of NCLT in…
