MUMBAI: The rupee weakened for a fifth consecutive session on Tuesday, closing at 90.98 to a dollar, down 7 paise from the previous session, after breaching the 91 mark and sliding to a one-month low intraday amid rising geopolitical tensions and sustained selling in domestic equity markets.The currency opened marginally weaker and slipped to 91.05…
MUMBAI: A weakening rupee is pushing Toyota to accelerate localisation and exports from India.“It (weaker rupee) pushes us for more localisation, but it also pressurises us for exports,” Tadashi Asazuma, deputy MD of Toyota Kirloskar Motor, told TOI in an interview ahead of the launch of the company’s first electric vehicle in India. The rupee…
Representative image (AI-generated) US stocks dropped sharply in morning trading on Tuesday after President Donald Trump threatened to impose new tariffs on eight NATO members. The move has escalated geopolitical tensions over his push to assert American control over Greenland. The sell-off marked the first opportunity for markets to react to the latest escalation, after…
The European Parliament is planning to suspend approval of the EU-US trade deal agreed last July in response to President Donald Trump’s threat to impose new tariffs on European nations over Greenland. The decision is expected to be formally announced in Strasbourg on Wednesday, signaling heightened tensions between Washington and its European allies, according to…
Jio Platforms is waiting for the government to issue final guidelines on SEBI’s proposed changes to IPO rules before finalising its listing plans, a senior company official said. The company’s IPO timeline will depend on when these regulatory details are clarified.SEBI in September approved proposals to relax initial public offering requirements for very large companies…
US Treasury Secretary Scott Bessent claimed that India has scaled back purchases of Russian oil following trade action taken by President Donald Trump, linking New Delhi’s move to the imposition of tariffs by Washington.Speaking at the World Economic Forum in an interview with Fox Business, Bessent, talking about the Russian Sanctions Bill, said India began…
HYDERABAD: In line with its strategy sharpen its focus on fast growing markets of central India, KONE India has set up its central region office in Hyderabad, which is its fifth regional office in the country. The new office will cater to states such as Madhya Pradesh, Chhattisgarh and parts of Maharashtra, in addition to…
BENGALURU: ElevenLabs, a voice AI startup valued at about $6.6 billion, has appointed Karthik Rajaram as general manager and country head for India, as the company sharpens its focus on the market amid rising adoption of AI-generated voice and audio tools.In his new role, Rajaram will lead ElevenLabs’ go-to-market strategy and revenue growth in India,…
Representative image (AI-generated) The Indian rupee weakened by 7 paise on Tuesday, closing at a record low of 90.97 against the US dollar. This comes as strong dollar demand from metal importers and continued foreign fund outflows weighed on investor sentiment.Forex traders said that the rising geopolitical uncertainties, including fresh US expansionary signals, have increased…
Foreign investors sold Indian equities worth about $3 billion in January, the largest monthly outflow since August. (AI image) Stock markets saw a very sharp selloff on Tuesday, resulting in market capitalization dropping and investors’ wealth eroding by as much as Rs 9.86 lakh crore. Both Nifty50 and BSE Sensex declined by over 1%, dropping…
