Page 1012 - Latest News

Rupee slumps to new low of 91.75 per dollar amid global risk aversion

The rupee fell to a fresh record low as foreign equity outflows, weak global risk sentiment and yen carry trade unwinding weighed on the currency, with RBI intervention limiting further losses

Macron asks EU to consider trade 'bazooka' in response to US tariffs threat

Macron described the mechanism as "a powerful instrument, and we should not hesitate to deploy it in today's tough environment"

Delhi HC dismisses plea against lowered NEET-PG cut-off for admissions

The petitioner claimed that a low cut off would compromise the quality of medical professionals joining the specialization courses, endangering human lives

Vedanta creates ₹2,500 crore employee wealth through ESOPs over 5 years

Vedanta said its ESOP programmes have generated nearly ₹2,500 cr in employee wealth over five years, with the latest stock option grants expanding coverage to freshers and early-career professionals

Dr Reddy's Q3 PAT down 14% Y-o-Y on low Lenalidomide sales in US

Dr Reddy's Laboratories reported a sharp fall in December-quarter profit as declining Lenalidomide sales in the US weighed on earnings, even as India revenues and branded businesses remained resilient

HPCL posts 35% rise in Q3 profit at ₹40.7 billion on lower crude prices

Additionally, fuel consumption in India, the world's third-largest consumer and importer of oil, also hit a record high in December following a six-month peak in November

Current state of economy provides ground for optimism: RBI bulletin

Global growth remained resilient in 2025 despite heightened uncertainties. Though elevated, global uncertainty witnessed further moderation in December

MakeMyTrip Q3 FY26 profit falls 73% to $7.3 million, revenue up 15.4%

The sharp decline in profit was largely due to a spike in net finance costs, which rose to $27.7 million in the December quarter from $4.8 million a year earlier

Jindal Stainless Q3 profit jumps 26.6% as domestic demand offsets exports

Jindal Stainless reported a sharp rise in Q3 profit on strong domestic demand and efficiency gains

FICCI reappoints GSK Velu as Tamil Nadu State Council chairman for FY26

Industry body FICCI has re-appointed healthcare entrepreneur GSK Velu as Chairman of its Tamil Nadu State Council for 2025-26, marking his fifth straight term at the helm of the council

RBI net sells $9.7 billion in November, short dollar position rises

RBI's net dollar sales moderated in November, even as its outstanding short dollar position in the forward market rose further, reflecting continued intervention to manage rupee volatility

India, Spain push for early India-EU trade deal, eye strategic association

Spain has supported the early conclusion of India-EU trade negotiations, as New Delhi and Madrid discussed defence manufacturing, trade expansion, mobility and cooperation in the Indo-Pacific

Supreme Court to form expert panel to examine definition of Aravalli hills

The Supreme Court has invited suggestions to constitute an expert committee under its supervision to re-examine the definition of the Aravalli hills and address environmental concerns linked to mining

Doctors warn of rising health and financial risks as air quality worsens

Study of doctors flags growing concern over worsening air quality in Indian cities, linking high AQI levels to chronic illnesses, rising healthcare costs and poor financial preparedness among patients

Rani Kapur moves Delhi HC to cancel trust holding stake in Sona Comstar

Rani Kapur has approached the Delhi HC seeking cancellation of a family trust that holds a stake in Sona Comstar, alleging fraud and illegal diversion of assets following her son Sunjay Kapur's death

Indian luxury brands on par with global peers in FY25, shows Tofler data

According to data sourced from business intelligence platform Tofler, global fashion houses like Christian Dior, Hermes, and Gucci have not crossed the ₹500 crore mark when it comes to revenue in FY25

Amagi is likely one of India's largest tech-driven, AI-first IPOs: Accel

Accel partners Shekhar Kirani and Rachit Parekh on why they're holding their Amagi stake post-IPO, the reopening of India's tech listing window, and where they're placing AI bets

Trai's number mandate for debt collection may have unintended consequences

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

History marches past Davos: Global promises without binding commitments

As Davos debates dialogue and stakeholder capitalism, US resource grabs and weak public-private contracts expose the gap between rhetoric and reality in global economic governance

India vs New Zealand 1st T20: Nagpur pitch report, key stadium stats

India has so far played five T20I matches at this venue, out of which they have won four and lost one. Their only loss came agiants New Zealand in 2016