MUMBAI: The rupee closed at a record low of 89.49 against the dollar on Friday, slipping past the earlier floor of 88.80 and triggering stop-loss trades as the currency slid 78 paise from its previous close of 88.71, its sharpest fall since May.Offshore rates weakened toward 89.86, as strong dollar demand and portfolio outflows overwhelmed…
NEW DELHI: In a bid to boost liquidity for real estate investment trusts (REIT), Sebi is set to hold discussions with stakeholders to include them in market indices, chairman Tuhin Kanta Pandey said here on Friday. The markets regulator is evaluating more measures to promote ease of doing business for REITs and InvITs (infrastructure investment…
In a landmark move set to reshape India’s labour landscape, govt notified the implementation of all four labour codes, bringing into effect one of the most ambitious labour reforms in the country’s post-independence history. The rollout marks the realisation of “One India, One Law”- a unified labour framework that replaces a century of fragmented statutes…
NEW DELHI: India Inc will have to significantly alter the way it does business — from reworking salary and allowances of employees to comply with the new provisions to health check-ups for all staff members above 40 years and providing gratuity to all fixed term employees after one year of continuous service — but they…
Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory…
The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…
Tata Power has signed commercial agreements with Druk Green Power Corporation to acquire a 40 per cent stake in a special purpose vehicle (SPV) to develop the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan, the company said on Friday. The equity commitment is valued at approximately Rs 1,572 crore and will be infused in…
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
The US stock market opened higher on Friday, with the S&P 500 rising 0.4 per cent, the Dow Jones Industrial Average adding 242 points, and the Nasdaq composite advancing 0.5 per cent, following what was described as one of the most volatile sessions since April. The modest rebound came a day after markets rallied early…
The Reserve Bank of India (RBI) on Friday said the process of interlinking the Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform has entered the realisation phase, marking a step towards enabling cross-border instant payments between India and Europe. RBI and NPCI International Payments Limited (NIPL) have been in discussions…
Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement of…
India’s foreign exchange reserves rose sharply by $5.543 billion to $692.576 billion for the week ended November 14, driven largely by a surge in the valuation of gold holdings, according to data released by the Reserve Bank of India (RBI) on Friday.The rise follows a $2.699 billion decline in the previous reporting week, when total…
The rupee logged its steepest single-day drop in more than three months on Friday, breaching the 89-per-dollar mark for the first time amid weak sentiment across domestic and global equity markets. The currency fell 78 paise intraday to 89.46 against the US dollar.At the interbank foreign exchange market, the rupee opened at 88.67 before touching…
NEW DELHI: As AI-generated videos “featuring” Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, External Affairs Minister S Jaishankar and RBI Governor Shaktikanta Das circulate online claiming to offer investment advice, the government on Friday issued a clarification through PIB Fact Check stating that the clips are fake and digitally altered.According to PIB, the videos…
Navi UPI links with ONDC to enable metro QR ticketing Navi UPI has partnered with the Open Network for Digital Commerce (ONDC) to offer QR-based metro ticketing through its app, expanding digital access for commuters in Delhi, Mumbai and Bengaluru. The service allows users to plan routes, book single or return journey QR tickets and…
MUMBAI: Fraud and waste remain a costly drag on the health-insurance system with Rs 8,000–10,000 crore of leakages in claim payouts leak each year according to a report by Boston Consulting Group and Medi Assist.The report says that fraud and unnecessary claims push up insurance premiums, hurt insurers’ finances and waste public money. It also…
India is exploring deeper collaboration with Israeli startups across sectors such as cybersecurity, medical devices and mobility to strengthen its innovation ecosystem, Commerce and Industry Minister Piyush Goyal said during a visit to Tel Aviv, PTI reported. He said technology-driven cooperation is likely to form a key pillar of the proposed bilateral trade agreement.Goyal, who…
Trump has imposed a 25% penal tariff on Indian exports because of its crude oil imports from Russia. (AI image) US President Donald Trump’s sanctions on two of Russia’s biggest oil majors – Rosneft and Lukoil – come into effect today – November 21, 2025 which was set as the wind-down deadline by the US…
A sustained move below ₹1,22,200 may trigger extended selling pressure in the upcoming session. (AI image) Gold price prediction today: Gold prices are showing an intraday weakening bias, and traders should look to sell on rise, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold…
File photo: Japan’s Prime Minister Sanae Takaichi (Picture credit: ANI) Japan has moved ahead with a sweeping ¥21.3 trillion ($135 billion) stimulus push, the first major policy step under Prime Minister Sanae Takaichi. Her cabinet signed off on the plan on Friday, with the measures aimed at easing the pressure of rising prices on families…
