Business

Rupee breaches 89/$ mark, worst 1-day drop since May

Photo of author
The Indian rupee plummeted to a record low of 89.49 against the dollar on Friday, experiencing its sharpest fall since May. This decline was driven ...

India Inc eyes business boost, braces for changes

Photo of author
India Inc faces significant operational shifts, including revised salary structures and mandatory health check-ups, to align with new labor provisions. While demanding these changes for ...

Finally, gig workers have pan-India social security

Photo of author
Gig workers are set to receive a significant boost with the implementation of the Social Security Code. Online platforms like Swiggy and Uber will now ...

Kotak Mahindra stock split: Bank announces 1:5 share split; aims to boost liquidity- what you need to know

Photo of author
Kotak Mahindra Bank’s board has approved a 1:5 equity share sub-division to enhance affordability and market liquidity. This decision, made on the bank’s 40th foundation ...

Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet

Photo of author
US inflation data for October is now unavailable due to a federal shutdown, creating significant uncertainty for the Federal Reserve’s upcoming policy meeting. This data ...

Energy corridor boost: Tata Power to acquire 40% stake in Bhutan hydro SPV; project to supply 80% output to India

Photo of author
Tata Power will acquire a 40% stake in Bhutan’s 1,125 MW Dorjilung Hydroelectric Power Project for approximately Rs 1,572 crore. This significant public-private partnership, set ...

Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets-here’s what analysts say

Photo of author
Bitcoin and ether experienced significant drops to multi-month lows as investors retreated from riskier assets due to concerns over stretched tech valuations and diminished expectations ...

US markets today: Wall Street steadies after sharp reversal; AI stocks remain volatile as Bitcoin slump deepens

Photo of author
Indian markets saw a positive opening, mirroring a global trend of modest rebounds after a volatile trading session. Hopes for potential interest rate cuts in ...

Cross-border payments boost: India, EU begin phase to link UPI with TIPS; remittances to get cheaper

Photo of author
India’s UPI is set to connect with Europe’s instant payment system, TIPS, a significant step towards cheaper and faster cross-border remittances. This collaboration between RBI ...

IPO rules revamp: Mutual funds barred from pre-IPO buys, anchor route open; Sebi pushes transparency, wider participation

Photo of author
Mutual funds are now barred from pre-IPO share placements but can participate in anchor rounds of public issues, according to a source. This move aims ...