Business

The rupee closed at a fresh all-time low of 88.35 against the US dollar on Thursday, tumbling 24 paise amid sustained tariff tensions between India and the US, foreign fund outflows, and rising crude oil prices.Forex dealers said a stronger dollar ahead of US inflation data further weighed on the Indian unit, which continues to…

Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday closing…

The US ambassador-designate to Delhi, Sergio Gor, emphasised that India’s role as a strategic ally will influence regional and international developments. (AI image) US President Donald Trump’s nominee to be the American ambassador to India, Sergio Gor has said that India-US trade deal issues will be sorted within weeks. At a Senate committee hearing for…

US President Donald Trump and Prime Minister Narendra Modi have recently indicated an improvement in relations. (AI image) With US President Donald Trump saying that the trade deal negotiations between India and America will continue, a key government official has struck an optimistic note on issues being sorted out.The US Commerce Secretary Howard Lutnick expressed…

Wall Street traded near record highs on Thursday as fresh US economic data reinforced expectations that the Federal Reserve will cut interest rates next week to support growth. The S&P 500 rose 0.3% in early trade after setting new records in the last two sessions, while the Dow Jones Industrial Average advanced 95 points and…

The European Central Bank (ECB) kept its benchmark deposit rate steady at 2% on Thursday, with inflation back under control and the eurozone economy showing resilience despite US President Donald Trump’s tariff measures.At the post-decision news conference, attention is expected to focus on ECB President Christine Lagarde’s remarks on France’s fiscal crisis and whether the…

JioBlackRock Mutual Fund on Thursday announced the launch of its first active equity product, JioBlackRock FlexiCap Fund, on September 23, while indicating that three to four more active equity schemes could be rolled out during the current fiscal.“This is our first active equity fund. Three or four other active equity funds are in the pipeline,…

US consumer inflation rose to its highest level since January at 2.9% in August, government data showed on Thursday, but analysts expect the Federal Reserve to proceed with an interest rate cut next week.According to the Labor Department, the consumer price index (CPI) accelerated from 2.7% in July on a year-on-year basis, with President Donald…

The road transport ministry is preparing a toll policy to extend benefits to both state and private bus operators who use national highways, Union minister Nitin Gadkari said on Thursday.The government has already rolled out a FASTag-based annual pass for non-commercial vehicles at Rs 3,000 from August 15, aimed at easing highway travel. The pass…

The Mines ministry on Thursday said the revised GST rates and slabs will positively impact the housing industry and small-scale enterprises, with key items such as marble, granite, lime bricks and handicrafts set to become cheaper.Following the GST overhaul last week, many mining-related products will now attract a 5% tax instead of the earlier 12%,…