The rupee retreated 3 paise on Wednesday to settle at 86.08 against the US dollar, giving up part of its sharp gains from the previous session, amid a firmer dollar index and foreign fund outflows.At the interbank foreign exchange, the local unit opened at 86.00 and touched a high of 85.79 before closing at 86.08….
Capital markets regulator Sebi on Wednesday slapped a Rs 25 lakh penalty on BSE for failing to provide equal access to corporate disclosures to all stakeholders and take action against brokers with frequent modifications during trades.The market regulator passed the order after an inspection conducted between February 2021 and September 2022.In a 45-page order, Sebi…
Billionaire industrialists Mukesh Ambani and Gautam Adani have joined hands for a second time in less than two years, this time to co-market automotive fuels by integrating their retail networks — a strategic move that marks a rare alliance in India’s highly competitive energy sector.Ambani’s Jio-bp and Adani Total Gas Ltd (ATGL) on Wednesday announced…
The ATMS implementation spans the Dwarka Expressway and a 28-km section of NH-48. India has launched its first Advanced Traffic Management System (ATMS) project on the Dwarka Expressway in Delhi on Wednesday. The initiative complies with the National Highways Authority of India’s (NHAI) latest 2023 guidelines, advancing towards intelligent and secure highways.The ATMS implementation spans…
Union commerce and industry minister Piyush Goyal on Tuesday reaffirmed India’s goal of becoming a $5 trillion economy by 2027, citing strong macroeconomic fundamentals, robust policy reforms, and inclusive national effort. Speaking at a virtual session hosted by the Merchants’ Chamber of Commerce and Industry (MCCI), Goyal described India’s economic progress as a “quantum leap”,…
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the Revised Jharia Master Plan (JMP) for dealing with fire, land subsidence, and rehabilitation of families affected by decades of underground coal fires in the Jharia coalfield of Jharkhand.The revised plan entails a total financial outlay of Rs 5,940.47 crore…
This is an AI-generated image, used for representational purposes only. India is working to resolve the ongoing rare earth magnet supply crisis and reduce reliance on China by ramping up domestic production and offering incentives, heavy industries minister H D Kumaraswamy said on Tuesday.“We are working on it,” Kumaraswamy told reporters, adding that Hyderabad-based Midwest…
Jaguar Land Rover (JLR), the British luxury car arm of Tata Motors, will begin assembling its premium vehicles at a new facility in Tamil Nadu by early 2026, senior executives said on Tuesday. The plant will assemble Range Rover Evoque and Velar SUVs from completely knocked down (CKD) kits, with a projected capacity of 30,000…
This is an AI-generated image, used for representational purposes only. Oil markets swiftly reversed initial panic after Israel’s June 13 strike on Iran, with Brent crude falling back below $70 per barrel as traders sensed the conflict would not escalate further. Despite a brief $10 spike, the muted response from Tehran, including a symbolic missile…
HDB Financial Services, a subsidiary of HDFC Bank, has raised Rs 3,369 crore from 141 anchor investors ahead of its highly anticipated Rs 12,500-crore IPO, reported news agency PTI. The company allotted over 4.55 crore equity shares at Rs 740 apiece, the upper end of the price band, to a mix of domestic mutual funds,…