Mumbai, Jul 7 (PTI) The rupee fell 26 paise to 85.66 against the US dollar in early trade on Monday amid FII outflows and a weak opening at the domestic equity markets. The US on Sunday stepped up pressure on trading partners to make new deals before the July 9 deadline, warning countries that higher tariffs could kick in on August 1, putting further pressure on the rupee. However, a weaker greenback, lower global crude oil prices and the rise in the country's forex reserves prevented further ...Read More
Dibrugarh: Forest officials and villagers collaborated on Saturday evening in a rescue operation to save a wild elephant calf that had been trapped in a muddy pit for nearly two days in Arunachal Pradesh's Tirap district.The elephant calf had fallen into what is believed to be an old well in the Deomali area and was unable to get out on its own. The animal's distress was discovered by locals, who immediately alerted the forest department. Upon receiving the information, a team of forest personne...Read More
New Delhi: India's foreign exchange reserves rose by USD 4.84 billion to USD 702.78 billion for the week ending June 27, close to the record high of USD 704.89 billion in September 2024, according to RBI data. This is a strong recovery from January when reserves had dropped to around USD 624 billion. The increase came mainly from foreign currency assets, which jumped by USD 5.75 billion to USD 594.82 billion, while gold reserves fell by USD 1.23 billion to USD 84.5 billion. Special Drawing Rig...Read More
New Delhi [India], July 6 (ANI): India's foreign exchange reserves (forex) witnessed an uptick of USD 4.8 billion to USD 702.78 billion for the week ending June 27, after a decline in the previous week, official data released by the Reserve Bank of India showed. In the week ending 20 June, forex stood at USD 697.93 billion, down by USD 1.02 billion from the previous week. Also Read | Bhind Shocker: Porn-Addict Man Kills Wife for Refusing To Record Sex Act; Police Find Obscene Videos and Sex-En...Read More
India's Latest Forex Reserves: India's foreign exchange reserves rose sharply by $4.84 billion to $702.78 billion in the week ended June 27, bringing them within striking distance of the all-time-high level of $704.89 billion recorded in end-September 2024, according to the latest data released by the Reserve Bank of India (RBI). This marks a strong rebound from late January levels, when reserves had fallen to a multi-month low of around $624 billion. The gain was led by an increase in foreign...Read More
Mumbai: A public interest litigation filed in Bombay high court seeks reliefs against Italian luxury fashion label Prada after it showcased open-toe leather sandals at the recent Milan Fashion Week that are "deceptively similar" to the Kolhapuri chappal."The Kolhapuri chappal is the cultural symbol of Maharashtra and has special public sentiments attached to it. The act of copying and misrepresenting this craft in international markets effectively amounts to depriving local artisans of rightful ...Read More
Mumbai, Jul 4 (PTI) The rupee appreciated 15 paise to close at 85.40 against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the ...Read More
MUMBAI: The nation's foreign exchange reserves have again inched closer to the record peak of over $700 billion it had achieved last September when it has sniffed at $705 billion. For the reporting week of June 27, the Reserve Bank said the reserves increased by USD 4.8 billion to USD 702.78 billion for the week. The central bank attributed the gains to the rise in foreign currency assets as well as the stable rupee which means that the central bank didn't enter the market too heavily to steady...Read More
It all started on a runway in Milan. When Italian fashion giant Prada unveiled its Spring/Summer 2026 collection, a pair of leather sandals stood out -- not for being cutting-edge, but for looking eerily familiar. Their open-toe, braided design closely resembled the Kolhapuri chappal, a handcrafted Indian footwear with a history dating back centuries. Italian luxury brand Prada faces heat for showcasing Kolhapuri-style sandals at Milan Fashion Week without crediting their Indian origin. Local ...Read More
Mumbai: India's foreign exchange reserves once again crossed the $700 billion mark, reaching $702.78 billion for the week ending June 27, according to data released by the Reserve Bank of India (RBI) on Friday. This marks a significant rise of $4.8 billion from the previous week, when reserves stood at $697.93 billion. This is the first time in nine months that India's forex reserves have gone above the $700 billion level. The reserves had last touched an all-time high of $704.88 billion in en...Read More
Investing.com-- The Securities and Exchange Board of India on Thursday issued an order blocking Jane Street from the local securities markets, alleging that the trading house previously engaged in market manipulation. SEBI issued an interim order to seize about 48.43 billion rupees ($570 million) of Jane Street's funds, the amount of unlawful gains the trading house saw from its alleged violations of Indian securities law. Jane Street and its entities will also be blocked from participating in...Read More
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to r...Read More
Mumbai: The Indian rupee touched its strongest level in a month on Thursday, amid increasing optimism that the India-US trade deal would happen in the next 48 hours and also owing to dollar sales from foreign banks, traders said. The rupee closed 39 paisa stronger at 85.31 per dollar, up from its previous close of 85.70 to $1, LSEG data showed. The rupee had appreciated to 85.18 to $1 during the day, its best level since late May, but likely intervention from the Reserve Bank of India (RBI) cap...Read More
Mumbai: The average fresh loan spread of Indian banks increased by 17 basis points to 3.09% in May, indicating lenders' focus on protecting margins, according to data released by the Reserve Bank of India (RBI). Private sector banks led the increase, widening spreads-the difference between the average lending rate they charge on borrowers and their cost of funds-by 34 basis points to 3.86%, while public sector banks raised spreads by 6 basis points to 1.79%, RBI data showed. The data, experts ...Read More
Ujjain (Madhya Pradesh): Marking the Cooperatives Year, a two-day national seminar will be inaugurated on Friday at the Swarn Jayanti Auditorium of Vikram University. Farmers from five major states: Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa are set to participate in the seminar, 'Dairy Development in Madhya Pradesh: Possibilities and Challenges', under the joint aegis of the Indian Dairy Association (DA) West Zone, and Vikram University (VU). Researchers, students, milk produc...Read More
MUMBAI: The rupee touched its strongest level in a month on Thursday, lifted by dollar sales from foreign banks and cutting of bearish bets on the local currency, while optimism surrounding a US-India trade deal also aided sentiment.The rupee rose to a peak of 85.2 against the dollar, its best level since late May, before ending the session at 85.31, up 0.4% on the day. Dollar sales from foreign banks in the latter half of Thursday's session boosted the rupee Traders reckon a trade deal with Ind...Read More
Lucknow: The Lucknow Development Authority (LDA) will open its e-auction portal on July 4 to sell over 300 residential and commercial plots located in key areas of the city. The move has been initiated on the directions of LDA vice chairman Prathamesh Kumar.Interested buyers can register online until Aug 4 while the auction will be held on Aug 8 through the online portal.The plots available include residential plots of 60 square metres in the Basant Kunj scheme on Hardoi Road, with a reserve pri...Read More
Mumbai: The average fresh loan spread of Indian banks increased by 17 basis points to 3.09% in May, indicating lenders' focus on protecting margins, according to data released by the Reserve Bank of India (RBI). Private sector banks led the increase, widening spreads-the difference between the average lending rate they charge on borrowers and their cost of funds-by 34 basis points to 3.86%, while public sector banks raised spreads by 6 basis points to 1.79%, RBI data showed. The data, experts ...Read More
Kedia Advisory - India's coffee exports jumped 19% year-on-year in Q1FY25 to $616 million, even as export volumes dropped 18% to 1.03 lakh tonnes due to higher global prices. The unit value per tonne surged 49% to ₹5.07 lakh. Supply disruptions in Brazil and Vietnam have kept prices buoyant, prompting overseas buyers to opt for need-based purchases. For the first six months of 2025, shipments rose 26% in value to $1,166 million despite lower volumes. Italy remained India's top coffee buyer, foll...Read More
Mumbai, Jul 3 (PTI) The rupee depreciated 8 paise to 85.70 against the US dollar in early trade on Thursday amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a narrow range largely due to RBI's cautious strategy as any dip in USD-INR is likely to be met with dollar buying by the RBI, not only to manage maturities but also to rebuild its intervention cushion. This persistent demand for dollars by the central bank ...Read More
Mumbai: The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the US dollar in early trade on Wednesday, as market awaits the conclusion of India-US trade deal, which is at its final stage. Forex traders said the dollar index continued to remain under pressure against major peers as traders considered the dovish hints from FED chair Jerome Powell. At the interbank foreign exchange, the domestic unit opened at 85.59 against the greenback. In initial trade, it witnessed a l...Read More
Mumbai, Jul 1 (PTI) Rupee appreciated 17 paise to close at 85.59 against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Moreover, Brent crude prices remained subdued, offe...Read More
Mumbai, Jul 1 (PTI) Rupee appreciated 17 paise to close at 85.59 against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Moreover, Brent crude prices remained subdued, offe...Read More
Lucknow: A sandalwood tree worth lakhs of rupees was stolen from the official residence of the King George's Medical University (KGMU) Vice-Chancellor in Lucknow, despite security arrangements in place. KGMU spokesperson KK Singh said the 50-year-old tree was cut down and taken away by thieves. The residence, located within the campus, is currently unoccupied. An FIR has been lodged, and CCTV footage has been handed over to the police. The incident is also being investigated under the Forest A...Read More
New Delhi [India], July 1 (ANI): Delhi Chief Minister Rekha Gupta on Tuesday wrote to Railway Minister Ashwini Vaishnaw and requested him to rename the Old Delhi Railway Station as Maharaja Agrasen Railway Station. CM Gupta wrote, "I am writing to respectfully request your kind consideration for renaming the Old Delhi Railway Station in honour of Maharaja Agrasen, a revered historical figure whose legacy has had a profound impact on the socio-economic development of India, particularly in Delhi...Read More
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More
Mumbai: The dollar ended June with its worst first-half performance in four decades. However, the dollar's slide in the international markets has been masking the rupee's weakness, which is seen in its movement against the euro. The rupee breached the Rs 100 level against the European currency in late June - marking a 12.4% depreciation over the past 12 months. The slide has been more severe than the modest 2.8% drop against the dollar, which has obscured the extent of the rupee's broader declin...Read More
Mumbai, Jun 30 (PTI) The rupee pared initial gains and settled for the day in the negative territory, down 26 paise at 85.76 against the US dollar on Monday, on weak domestic equities and a bounce back in crude oil prices. Forex traders said the rupee opened in the positive on improved global risk sentiments, however, a negative trend in domestic equities dented investor sentiments and dragged down the local unit. At the interbank foreign exchange, the rupee opened at 85.48 against the US doll...Read More
New Delhi, June 30 (SocialNews.XYZ) BJP leader and Lok Sabha member Nishikant Dubey has shared a document released by the US intelligence agency CIA in 2011 and alleged that more than 150 Congress MPs were "funded" by the Soviet Union, who acted as "agents" of Russia. He said that this was happening under the leadership of late Congress leader H.K.L. Bhagat. Dubey shared some documents, which he claimed were released by the CIA in 2011, on his X handle on Monday. He titled his post as "Congre...Read More
Mumbai : Filmmaker Subhash Ghai recently took a trip down memory lane as he remembered the late actor Irrfan Khan. Ghai shared an old photo from an award ceremony with the actor, along with an emotional note that quickly caught the attention of fans online. In the photo, Ghai and Irrfan can be seen smiling. Ghai, who worked with Irrfan in the film 'Right Yaa Wrong,' took to his Instagram account to share a post praising him not just as an actor but as someone who deeply understood the art of s...Read More