Rupee jumps 26 paise against US dollar Rupee began Tuesday on a strong note, rising 26 paise to 94.96 against the US dollar in early trade, supported by robust domestic economic growth, containing fiscal slippage and portfolio-related inflows.Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. MSCI-related inflows…
Indian shares are expected to open marginally higher on September 1 after data showed the economy grew a stronger-than-expected 7.8% year-on-year in the April-June quarter, helped by robust investment, manufacturing and consumer demand. GIFT Nifty futures pointed to a positive start for the Nifty 50, which closed at a one-month low of 24,080.4 on August…
5-kg cylinder refill is now costlier by Rs 2 NEW DELHI: The prices of commercial Liquefied Petroleum Gas (LPG) cylinders have been increased from Tuesday, September 1, reversing two consecutive months of cuts. The latest hike is likely to add to operating costs for businesses such as restaurants, hotels, catering services and other commercial establishments…
Gold loans stand out again, account for 13% of incremental bank credit MUMBAI: Gold loans continued to drive retail borrowing, accounting for more than a third of the incremental bank credit to the retail segment during the first four months of FY27 (April–July 2026).According to the latest Reserve Bank of India (RBI) data on the…
Promoter to sell 22.1% stake for Rs 1,300 crore; combined entity to be 11th largest IT player BENGALURU: ITC Infotech is acquiring Ashok Soota’s Happiest Minds Technologies, creating a combined business that will be India’s 11th largest IT services player. Together, they will have revenue of Rs 7,033 crore and an employee strength of 19,000,…
Private economists raise FY27 GDP growth projections to 7-7.3% after strong Q1 data, marking fourth straight year above 7%. NEW DELHI: Within hours of govt estimating strong growth during April-June quarter, private sector economists started raising projections for the full year, reflecting the sustained strong growth momentum in the economy.According to estimates from various economists,…
MUMBAI: Monday’s Closing Auction Session (CAS) went off smoothly with Rs 39,718 crore (about $4.2 billion) worth of stocks traded on NSE alone during the session. It was also the day when MSCI emerging market index rebalancing, that was worth about $4 billion, took place during the last half-an-hour of trading, part of which overlapped…
ONGC to invest Rs 1 lakh crore in deepwater exploration over next 5 years, reports 3 new discoveries NEW DELHI: ONGC chairman and CEO Arun Kumar Singh on Monday said the exploration and production company will invest Rs 1 lakh crore in deepwater and ultra-deepwater exploration in offshore basins.Talking to reporters after AGM, Singh said…
Record 7.5cr ITRs submitted before deadline NEW DELHI: A record 7.5 crore income tax returns have been filed for Assessment Year 2026-27 so far, and the number was expected to rise further as the filing deadline was to end at midnight Monday for taxpayers with business or professional income who are not subject to audit….
Semicon 2.0: Government bets on advanced chips, talent NEW DELHI: India plans to train one lakh semiconductor design engineers over five years under Semicon 2.0, as govt looks to build a deeper talent pool alongside its push into advanced chip technologies and manufacturing. The skilling push builds on the first phase of the programme, under…
