Rupee began strong on Tuesday, strengthening by 18 paise to 90.12 against the US dollar, snapping its four-day losing streak.The currency’s rebound comes a day after it ended lower on Monday, closing at 90.30 against the greenback amid ongoing geopolitical uncertainty and weak domestic equities. According to traders, after the American military operation in Venezuela,…
Asian stock markets mostly rose on Tuesday as investors took confidence from a record-setting start to the year on Wall Street, where AI-led technology stocks continued to boost investor sentiment.In Hong Kong, HSI added 448 points or 1.7% to 26,795. Nikkei also traded higher, gaining 358 points or 0.69%. Shanghai and Shenzhen also surged 1%…
General Motors reported a dip in fourth-quarter US auto sales Monday, reflecting a sharp decline in electric vehicle transactions amid a broader slowing car market.But the US auto giant also achieved an annual sales increase, pointing to growth in pickups and crossovers sales as evidence of resonance with consumers despite offering lower incentives than the…
Copper touched $13,000 a ton for the first time, extending last year’s scorching rally as mine outages and trade dislocations fuel concerns over supplies of the key industrial metal. Benchmark futures rallied as much as 4.3% in London. A strike at the Mantoverde mine in Chile was just the latest supply disruption at a time…
MUMBAI: London-based private equity (PE) firm Apax Partners has picked up an over 35% minority stake in iD Fresh Food in a deal pegged at more than Rs 1,500 crore, said people aware of the matter. As part of the transaction, Apax Partners has acquired some stakes from the company’s existing shareholders Premji Invest and…
NEW DELHI/ MUMBAI: Indian stock market indices were in the red on Monday, while the rupee extended its weakness against the US dollar, amid concerns over American President Donald Trump’s fresh comments over tariffs.The bellwether BSE sensex closed 0.4% or 332 points lower at 85,440 points, while NSE closed 0.3% lower at 26,250. The sensex…
NEW DELHI: Crude oil prices are expected to soften significantly in 2026 and may touch $50 per barrel by June, an analysis by SBI Research showed on Monday. The deceleration is likely to be faster which could have a positive impact on inflation and growth, it added.The report said that the US Energy Information Administration…
BENGALURU: For much of 2025, artificial intelligence did not enter people’s lives through dramatic product launches or viral demos. Instead, it slipped in quietly, taking over small, repetitive tasks that many users barely noticed. What began as casual experimentation with chatbots has, for many, evolved into a set of everyday tools that now handle remembering,…
MUMBAI: Reserve Bank of India on Monday warned non-banking financial companies in Mumbai to tighten underwriting and monitor risks closely, marking the third caution in eight days.The RBI met managing directors and CEOs of select NBFCs, including govt NBFCs, housing finance companies and microfinance institutions. The governor said while NBFCs play a key role in…
RBI governor Sanjay Malhotra (File photo) Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance…
