MUMBAI: The rupee fell to a record low of 89.76 on Monday as maturing forward positions in offshore markets and the absence of a trade deal with the US pushed the currency down in volatile trading.Meanwhile, 10-year govt bond yield rose to 6.57%, the highest in more than two months, as strong GDP data dimmed…
Nelson Mandela, one of the most iconic leaders of the 20th century, remains a global symbol of freedom, resilience, and moral courage. Born in 1918 in South Africa, Mandela dedicated his life to fighting apartheid – a brutal system of racial segregation that oppressed millions. His commitment to justice led to his imprisonment for 27…
NEW DELHI: Union finance minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to LIC regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs.India’s largest insurer has, over the years, made investment decisions across companies based on…
MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…
NEW DELHI: PM Narendra Modi on Monday asked the opposition not to turn Parliament into a platform for venting its frustration over the crushing defeat in Bihar, emphasising that the legislature should be a place for delivery, not drama.“They (opposition) should consider that the country is not accepting the game they have been playing for…
MUMBAI: Amazon India, a late entrant to the quick commerce space, is speeding up expansion of its 10-minute delivery service after rivals Zepto and Swiggy’s Instamart (they are bigger in terms of quick commerce growth, share and reach) lined up new funding to grow market share in the cash-guzzling sector. In Oct, Zepto bagged $450…
With former Bangladesh PM Khaleda Zia reported to be in a very critical condition, PM Narendra Modi expressed concerns about her failing health and offered all possible assistance to her. Modi’s gesture is significant as Zia has had a troubled past with India in contrast to her rival Sheikh Hasina’s warm and friendly ties with…
NEW DELHI: The deep differences in the Indian car industry over proposed relaxations in CO2 emissions limits in the new CAFE norms, which are to kick in from April 2027, are out in open with Maruti Suzuki, seen to be a major gainer, accusing “makers of some large gas guzzlers” of spreading “false narratives… (and)…
NEW DELHI: The Supreme Court on Monday agreed to consider the plea of an NGO seeking addition of names of persons belonging to persecuted minorities like Hindus, Sikhs, Christians, Buddhists, Parsis and Jains in neighbouring countries in the voter lists pending their application seeking Indian citizenship.After a brief submission by senior advocate Karuna Nundy for…
MUMBAI: The price of silver futures on Multi Commodity Exchange (MCX) touched a record high level at close to Rs 1.8 lakh/kg on Monday after global prices hit an all-time high at $58.5/ounce early in the day. The weakness of the rupee further to near the Rs 90/$ mark, also helped the rally in the…
