The Indian rupee traded near record lows against the US dollar on Tuesday, slipping to 88.15 after closing at an all-time low of 88.18 a day earlier. The depreciation has provided exporters with better price competitiveness but raised concerns for import-heavy sectors.Exporters said the fall in the rupee presents a mixed picture. “On one hand, […]
Sugar stock rally on ethanol push: Rajshree tops chart at 20%; industry cheers govt move
Sugar stocks turned into a sweet spot for investors on Tuesday as shares of leading mills surged sharply, buoyed by the government’s decision to allow ethanol production without any quantitative restrictions in the 2025-26 marketing year beginning November.Rajshree Sugars & Chemicals hit the upper circuit with a 20 per cent jump on the BSE, while […]
Yes Bank stake sale: CCI clears SMBC plan for up to 24.99% holding, Japanese lender set to become top shareholder
The Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) proposal to acquire up to 24.99 per cent stake in Yes Bank, paving the way for the Japanese lender to become the private sector bank’s single-largest shareholder.SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), is among the leading foreign banks […]
GST revamp: Council meet to weigh big rate rejig; 5% EV tax as opposition states push hard on revenue loss
The Centre is set to push for a 5 per cent tax on electric vehicles (EVs) as part of its ambitious overhaul of the Goods and Services Tax (GST) that seeks to lower tax rates on daily-use items ranging from butter to electronics. The all-powerful GST Council, chaired by Union Finance Minister Nirmala Sitharaman and […]
Budget exercise: Finance ministry to begin FY27 preparations on October 9; GDP growth, demand and jobs in focus
The finance ministry will kick-start the Budget-making exercise for 2026-27 from October 9 against the backdrop of global geopolitical uncertainties and the steep 50% US tariff on Indian shipments.The upcoming Budget will need to address the challenges of boosting demand, creating jobs and ensuring the economy moves towards a sustained growth path of over 8%. […]
Eurozone inflation: Prices edge up to 2.1% in August, ECB likely to hold rates steady
Inflation in the eurozone rose slightly to 2.1% in August from 2% in July, official data showed on Tuesday, fuelling expectations that the European Central Bank (ECB) will keep interest rates unchanged at its policy meeting next week.The EU’s statistics agency Eurostat said the uptick was mainly driven by a smaller fall in energy prices. […]
Made in India chip: What is Vikram 32-bit processor? All you want to know about first indigenous chip presented to PM Modi
First indigenous chip presented to PM Modi Union IT minister Ashwini Vaishnaw on Tuesday presented the first “Made in India” chip to Prime Minister Narendra Modi at the inauguration of Semicon India 2025 in Delhi. The minister handed over the Vikram 32-bit processor along with test chips of four approved projects, describing the milestone as […]
TCS salary hikes: IT giant rolls out 4.5-7% raise to majority of employees; lowest in last four years
The current salary hikes are reportedly amongst the lowest in recent years. (AI image) TCS announces salary hikes! India’s biggest IT services provider, Tata Consultancy Services (TCS), has announced yearly salary hikes after a five-month postponement, offering most staff members raises between 4.5-7%. These increments correspond to the previous fiscal year ending March 2025. The […]
‘We are in dialogue’: Piyush Goyal says India-US trade deal being negotiated; 50% Trump tariffs in place
India on its part has drawn its red lines on the trade deal, refusing to open its agricultural and dairy sectors. Commerce and industry minister Piysuh Goyal on Tuesday said that India and the US are negotiating a trade deal. The comments assume significance at a time when US President Donald Trump has imposed 50% […]
Nestlé shake-up: Who is Laurent Freixe? CEO dismissed over ‘undisclosed romantic relationship with subordinate’
File photo: Laurent Freixe Swiss food giant Nestlé has dismissed its chief executive Laurent Freixe with immediate effect after an internal investigation found he had an “undisclosed romantic relationship with a direct subordinate,” in violation of the company’s code of business conduct. The move was confirmed by the group on Monday, with chairman Paul Bulcke […]