Mumbai, Aug 14 (PTI) Rupee pared initial gains and settled for the day on a negative note, lower by 10 paise at 87.57 (provisional) against the US dollar on Thursday, as it came under pressure due to continued dollar demand from importers. Forex traders said the rupee pared initial gains on positive crude oil prices, dollar demand from importers and foreign fund outflows. Moreover, there is an overall negative bias amid uncertainties over the trade tariff issue between India and the US. At th...Read More
Shimla, Aug 14 (SocialNews.XYZ) Three cloudbursts and flash floods, two landslides and one drowning incident were reported in Himachal Pradesh on Thursday, resulting in damage to eight bridges and 12 vehicles and blocking of multiple roads, including a national highway, the State Emergency Operation Centre said here. The natural calamities were reported in Shimla, Sirmaur, Lahaul-Spiti, Kullu, and Kinnaur districts. Fortunately, no human casualty was reported, though one person is missing, who ...Read More
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na...Read More
Meet The Girl With World's Most Beautiful Handwriting: Her Assignment Becomes Internet Sensation At Just 16, Honoured By Armed Forces; She Is Not From India...Know Who She Is... IndiGo is prepared to restart its flights from India to China as soon as the necessary bilateral agreements between the two countries are in place, the airline's chief executive Pieter Elbers said on Thursday. "IndiGo operated daily flights between India and China prior to the Covid-19 pandemic. The airline stands read...Read More
SCHOTT, a leader in specialty glass, initiates local production of high-precision glass tubing for syringes and cartridges in Gujarat, India. This marks a significant step in India's pharmaceutical sector, aligning with the 'Make in India' initiative, enhancing SCHOTT's role in the Asian market. In a notable development in India's pharmaceutical landscape, SCHOTT has successfully commenced local production of high-precision glass tubing for syringes and cartridges at its Jambusar, Gujarat facil...Read More
Being denominated in US dollars in the international market, gold's price in India is highly sensitive to movements in the rupee-dollar exchange rate.Source : PTI Gold prices in Chennai softened marginally on Thursday, with 22-karat gold now retailing at Rs 9,290 per gram and 24-karat gold at Rs 10,135 per gram. The minor drop comes in line with price trends observed in other parts of the country, influenced by fluctuations in global bullion markets and currency exchange rates. India's relianc...Read More
The Union government, via the Delhi Milk Scheme (DMS), has introduced cow milk products and co-branded items, expanding its dairy offerings across Delhi-NCR. This initiative, announced after Wednesday's launch, aims to strengthen the dairy ecosystem and create opportunities. Twenty-two new booth allotments were distributed, fostering employment and connecting rural dairy farmers with urban consumers. The Union government on Thursday announced the launch of cow milk products and co-branded offer...Read More
Taking a tough stand on illegal conversion, the Uttarakhand State Cabinet has approved the Uttarakhand Freedom of Religion (Amendment) Bill on Wednesday, under which strong provisions have been added for stringent penalties on illegal conversion, a ban on propaganda through digital media and protection of victims. The bill was passed during a meeting held on Wednesday under the chairmanship of Chief Minister Pushkar Singh Dhami. The Bill includes punishment for marriage under false identity an...Read More
Solar photo-voltaic company Vikram Solar has fixed a price band of Rs 315-322 for its upcoming initial public offering (IPO), which will open for bidding next week, on August 19. The issue comprises a fresh component aggregating up to Rs 1,500 crore and an offer for sale component, which will include the selling shareholders offloading 17,450,882 shares in the company. At the upper range of the price band, the selling shareholders' portion aggregates to Rs 579.36 crore, taking the total IPO si...Read More
The company's shares will be listed on the exchanges on August 28 Mangal Electrical Industries has fixed a price band of Rs 533-561 per share for its upcoming initial public offering (IPO), which will open for subscription on August 20 and close on August 22. Anchor bidding will commence on August 19. Allotment is scheduled for August 25, with refunds and credit of equity shares on August 26. The company's shares will be listed on the exchanges on August 28. The IPO is a pure fresh issue of R...Read More
Mumbai: A majority of economists say that growth, rather than inflation, will be the primary driver of monetary policy decisions while adding that the Reserve Bank of India is unlikely to cut the policy repo rate further from 5.5% now. "We believe that growth would guide the RBI's thought process as inflation remains benign. We do not see any further cuts in our base case," Rahul Bajoria and Smriti Mehra, economists at BofA Securities India, wrote in a report. Inflation as measured by consumer...Read More
Wholesale inflation in India likely dropped to a near two-year low in July, due to a significant decline in food and fuel prices, according to a Union Bank of India report. New Delhi, Wholesale inflation in India likely dropped to a near two-year low in July, due to a significant decline in food and fuel prices, according to a Union Bank of India report. The Wholesale Price Index (WPI) is estimated to have fallen to -0.45 per cent year-on-year in July, down from -0.13 per cent in June. This is...Read More
Happy Thursday! International semiconductor companies are vying to cash in on the India opportunity. This and more in today's ETtech Morning Dispatch. Also in the letter: ■ Rapido dishes out Ownly ■ BlueStone IPO closes ■ Startup IPOs' returns Global semiconductor firms reeling from financial pressure are actively exploring strategic partnerships in India, drawn by the country's expanding digital economy and generous government subsidies. Driving the news: India's semiconductor push -...Read More
New Delhi [India], August 14 (ANI): India overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry. The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion. On the other hand, im...Read More
New Delhi [India], August 14 (ANI): IndiGo is prepared to restart its flights from India to China as soon as the necessary bilateral agreements between the two countries are in place, the airline chief executive Pieter Elbers said on Thursday. IndiGo operated daily flights between India and China prior to the Covid-19 pandemic. The airline stands ready to resume these services as soon as bilateral arrangements between the two countries allow. Guided by its entrepreneurial spirit, IndiGo remains...Read More
New Delhi, Aug 14 (PTI) India's import of edible oil fell 16 per cent to 15.48 lakh tonnes in July, mainly due to a fall in shipments of palm oil, both refined and crude, according to industry body SEA. The country imported 15,48,041 tonnes in July this year as against 18,40,062 in the year-ago period. The data does not include imports from Nepal, the Solvent Extractors' Association of India (SEA) said in a statement on Thursday. The industry body said the fall in imports of edible oils in Ju...Read More
New Delhi, Aug 14 (PTI) S&P on Thursday upgraded India's sovereign credit rating to 'BBB' with a stable outlook after a gap of nearly 19 years, citing robust economic growth, political commitment for fiscal consolidation and 'conducive' monetary policy to check inflation. "India remains among the best performing economies in the world...The quality of government spending has improved in the past five to six years," S&P Global Ratings said. The impact of US tariffs on the Indian economy will be...Read More
New Delhi [India], August 14 (ANI): India's overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry.The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion.On the other hand, impo...Read More
New Delhi: Rapido has just launched its new food delivery app called 'Ownly' in India. The app aims to offer tasty and affordable meals to its users. Right now, Ownly is available in certain parts of Bengaluru and can be downloaded exclusively from the Google Play Store. Ownly is now available in Bengaluru's Koramangala, HSR Layout, and BTM Layout, focusing on affordable meals with most dishes priced around Rs 150. Basic essentials like chapati, rice, and eggs cost less than Rs 100. The app fea...Read More
New Delhi, Aug 14 (SocialNews.XYZ) The Reserve Bank of India's Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response to a weaker labour market, a report said on Thursday. Any additional room for easing could open up if growth underperforms and the US Fed cuts rates to counter labour market weakness, HSBC Mutual Fund said in its report. In its latest policy meeting,...Read More
JAMMU: 12 bodies recovered after a massive cloudburst struck along the pilgrimage route of the annual Machail Mata Yatra in Chashoti village in the Padder sub-division of Jammu and Kashmir's Kishtwar district on Thursday. The annual yatra to the shrine has been suspended following the incident as authorities mobilised all resources and are heading to the scene to conduct a massive rescue and relief operation, the officials said. Lt Governor Manoj Sinha condoled the loss of lives in the inciden...Read More
New Delhi [India], August 14 (ANI): IndiGo is prepared to restart its flights from India to China as soon as the necessary bilateral agreements between the two countries are in place, the airline's chief executive Pieter Elbers said on Thursday. "IndiGo operated daily flights between India and China prior to the Covid-19 pandemic. The airline stands ready to resume these services as soon as bilateral arrangements between the two countries allow. Guided by its entrepreneurial spirit, IndiGo rema...Read More
New Delhi: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said. The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification. The Public Investment Fund (PIF) ...Read More
Jammu, Aug 14 (PTI) The Jammu and Kashmir administration on Thursday set up a control room-cum-help desk to assist people and pilgrims following flash floods triggered by a cloudburst in a village in Kishtwar. At least 12 people have been killed and the toll could go higher, officials said. The control room has been set up in Paddar, about 15 km from Chositi village where the disaster struck. Five officials have been put on duty for the control room. The numbers provided are: 9858223125, 600670...Read More
Mumbai: Amara Raja Energy and Mobility Limited on Thursday reported a 34 per cent drop in its consolidated net profit for the April-June quarter (Q1 FY26), as profit after tax (PAT) stood at Rs 165 crore, compared to Rs 249 crore in the same period previous fiscal (Q1 FY25). Sequentially, however, profit inched up 2 per cent from Rs 161.57 crore in the March 2025 quarter (Q4 FY25), according to its stock exchange filing. Revenue from operations rose 4.2 per cent year-on-year (YoY) to Rs 3,401 c...Read More
NEW DELHI: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said. The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification. The Public Investment Fund (PIF) ...Read More
Mumbai, Aug 14 (SocialNews.XYZ) Amara Raja Energy and Mobility Limited on Thursday reported a 34 per cent drop in its consolidated net profit for the April-June quarter (Q1 FY26), as profit after tax (PAT) stood at Rs 165 crore, compared to Rs 249 crore in the same period previous fiscal (Q1 FY25). Sequentially, however, profit inched up 2 per cent from Rs 161.57 crore in the March 2025 quarter (Q4 FY25), according to its stock exchange filing. Revenue from operations rose 4.2 per cent year-on...Read More
New Delhi [India], August 14 (ANI): BJP MP and Member of the Standing Committee on Coal Mines & Steel, Roopkumari Choudhary, on Thursday said that the Mines and Minerals (Development and Regulation) Amendment Bill, 2025 will bill boosts employment, improves states rights, and add to the economy by allowing more efficient use of India mineral resources. Speaking with ANI, Choudhary emphasised that the bill, passed by Loksabha on Tuesday, aims to strengthen India economic position by granting sta...Read More
Hyderabad (Telangana) [India]/ Cincinnati (Ohio) [US], August 14: Narwal , an award-winning niche technology solutions company, is excited to announce the appointment of Ravi Tenneti as Chief Strategy and Technology Officer. This strategic addition to Narwal leadership team underscores the company commitment to advancing its AI-first vision and delivering intelligent, enterprise-ready solutions across industries--further strengthening Narwal position as a trusted partner for AI, Data, and Qual...Read More
New Delhi [India], August 14: Ellenox, India largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50 over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voi...Read More