Business
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Rupee plunges 48 paise to close at 87.66 against US dollar
Mumbai: The rupee depreciated 48 paise to close at 87.66 against the US dollar on Monday, as sustained foreign fund outflows and trade tariff uncertainties dented investors’ sentiment. Forex traders said US…
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India’s wealthiest 1 pc holds 60 pc assets in real estate, gold: Report
New Delhi: The top 1 per cent of India’s wealthiest citizens have parked 60 per cent of their money in real estate and gold, according to a report on Monday. This segment…
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Adani Group to invest USD 10 billion in Vietnam
New Delhi: The Adani Group plans a long-term investment in Vietnam of up to $10 billion, according to a report in Vietnam’s Tuoi Tre News. Group Chairman Gautam Adani revealed the investment plan…
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Three-day RBI MPC meeting begins on Monday
New Delhi: The much-awaited Reserve Bank of India’s Monetary Policy Committee (MPC) meeting from August 4-6 comes at a time when the global economy is facing fresh challenges amid US tariffs —…
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Sensex, Nifty open in green on Monday amid mixed global cues
Mumbai: The Indian stock market opened in the green on Monday, led by gains in auto and metal stocks, amid mixed global cues. At 9.29 am, Sensex was up 221 points or…
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Apple’s iPhone exports from India jump 82pc to USD 6 bn; total exports USD 7.72 bn
New Delhi: India’s smartphone export momentum has hit a record high in the April–June quarter (Q1FY26), with shipments reaching $7.72 billion, up 58 per cent from $4.9 billion in the same period…
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ITR date extended: how to choose between old and new tax regimes
New Delhi: With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or…
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Number of Jan Dhan accounts crosses 55 crore: FM Sitharaman
New Delhi: The number of bank accounts for the poor under the Prime Minister’s Jan Dhan Yojana have crossed the 55 crore mark with “most of these accounts belonging to people who…
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FPIs becomes net sellers in Indian equity market in July
New Delhi: As foreign portfolio investors (FPIs) became net sellers in the Indian equity market in July, analysts said on Sunday that continuous FPI inflows can be expected once global trade tensions…
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Musk’s Tesla fined over USD 240 million in ‘Autopilot’ crash case
San Francisco: A jury in the United States has ordered electric car-maker Tesla to pay over $240 million to victims of a 2019 crash that was allegedly caused by the company’s faulty…
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No halt in Russian oil purchases, says India amid Trump’s claim
New Delhi: After US President Donald Trump claimed that India has stopped purchasing Russian oil, government sources on Saturday clarified there is no such pause on the oil imports from Russia. According…
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Trump delays new tariffs, fueling uncertainty over global trade
Washington: For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. But…
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UPI payments hits record in July; NPCI rolls out new rules
Transactions via the Unified Payments Interface (UPI) touched a record high of 19.47 billion in July. The transaction value stood at Rs 25.08 lakh crore, the second-highest ever recorded, according to data…
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India’s forex reserves rise by USD 2.7 bn to USD 698.19 billion
Mumbai: India’s foreign exchange reserves increased by $2.7 billion to reach $698.19 billion for the week ending July 25, according to data released by the Reserve Bank of India (RBI) on Friday.…
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US slaps 25pc tariff on India; half of exports hit including gems & textiles
New Delhi: The US on Friday slapped a 25 per cent tariff on India, potentially impacting about half of the USD 86 billion Indian exports to America, while the other half, including…
