Mumbai: The rupee touched a low of 94.57 per dollar on Tuesday, its weakest level since March 30, before closing at 94.54, down 35 paise on the day. The currency’s losses were contained by dollar sales from state-run banks, most likely on behalf of RBI. Meanwhile, sensex settled 0.5% lower at 76,887 while Nifty declined…
Gold has retreated sharply from its record peak, declining by nearly 26 per cent, or around Rs 53,000 per 10 grams, from its all-time high of Rs 2,02,984 on the MCX. In recent sessions, the metal has largely moved within a narrow range, with the absence of fresh catalysts keeping prices directionless. Although gold has…
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Mumbai: Peak XV Partners sold its remaining 7.7% stake in fintech MobiKwik through block deals worth over Rs 130 crore on Tuesday, completely exiting its investment in the firm, said people in the know. The floor price of the deal was set at Rs 214 per share, about 5% discount to the company’s closing price…
New Delhi: India’s mobile app market crossed a major monetisation milestone in the first quarter of 2026, with total revenue surpassing $300 million (around Rs 2,500 crore), marking a 33% year-on-year increase, according to a Sensor Tower report. In Q1 2025, total revenue was roughly $225 million.The market recorded 6.2 billion downloads during the quarter,…
Air India, IndiGo and SpiceJet have urged the government to revise Aviation Turbine Fuel (ATF) pricing and provide financial support, warning that the airline industry is under extreme stress and close to “stopping operations”.The appeal was made by the Federation of Indian Airlines (FIA), which represents the three carriers, in a letter to the civil…
Benchmark equity indices Sensex and Nifty ended lower on Tuesday as rising crude oil prices and continued foreign fund outflows weakened investor sentiment.The 30-share BSE Sensex fell 416.72 points, or 0.54 per cent, to settle at 76,886.91. During the session, it dropped as much as 562.57 points, or 0.72 per cent, to 76,741.06.The NSE Nifty…
ArcelorMittal Nippon Steel India (AMNS India) on Tuesday announced the appointment of Nobuo Okochi as Chief Financial Officer with effect from July 1.Okochi is currently Managing Executive Officer (India, ASEAN, Middle East and Africa) at Nippon Steel Corporation, a joint venture partner in AMNS India, according to PTI.He will succeed Amit Harlalka, who is being…
India’s industrial production growth slowed to a five-month low of 4.1 per cent in March, weighed down by subdued manufacturing activity and near-flat expansion in the power sector amid the Middle East crisis, reported PTI.Factory output, measured by the Index of Industrial Production (IIP), had grown 3.9 per cent in March 2025, according to official…
The Centre on Tuesday said it has ensured 100 per cent supply for domestic LPG consumers, Piped Natural Gas (PNG) users and Compressed Natural Gas (CNG) transport services despite the ongoing Middle East crisis, while urging people not to indulge in panic buying.Addressing an inter-ministerial briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in…
