MUMBAI: The rupee weakened on Friday, slipping below the 90-per-dollar mark amid importer dollar demand and thin liquidity, while markets assessed the RBI’s intervention stance and global risk cues. The currency closed 23 paise lower at 90.20 per dollar from Thursday’s close of 89.97. It opened around 89.95 and moved between an intraday high of…
MUMBAI: In what will be its third NCD offering since its incorporation in 1993, Adani Enterprises will enter the bond market next week with a Rs 1,000 crore issue. The funds raised through the non-convertible debentures (NCDs) will largely be used to pare debt of over Rs 70,000 crore as of Sept 2025. The issue…
NEW DELHI: Underlining that an investigative agency must be given freedom to conduct a probe, Supreme Court has held that courts should ordinarily refrain from setting timelines for agencies to complete the investigation as it would amount to stepping on the “toes of the latter”. A bench of Justices Sanjay Karol and N K Singh…
NEW DELHI: In a major boost for electronics manufacturing, the Centre has cleared 22 new proposals – including from Samsung, Foxconn, Tata Electronics and Dixon – for component manufacturing entailing investments of nearly Rs 42,000 crore.The investments under the Electronics Components Manufacturing Scheme (ECMS) are projected to result in domestic production of Rs 2.6 lakh…
Cryptocurrency exchange Binance has announced a change in its policies related to trading and monitoring following a $3.9 million exploit of the Flow blockchain last week. In a Friday announcement, Binance said it would remove nine spot trading pairs from the exchange beginning on Saturday, including one for Flow (FLOW)/Bitcoin (BTC). In a separate notice,…
AHMEDABAD: A 50-year-old man convicted of killing his 10-year-old son died by suicide while on parole at his native village in Banaskantha’s Tharad taluka. The deceased, Damra Patel, a resident of Ranisara village, allegedly ingested poison on Thursday, police said.Patel was lodged in Sabarmati Central Jail after being convicted for the 2023 murder of his…
Aave founder and CEO Stani Kulechov has outlined a broader strategic vision for the protocol following a contentious governance vote that rejected a proposal to transfer control of Aave’s brand assets and intellectual property to its decentralized autonomous organization (DAO). The failed vote has prompted renewed debate within the Aave community over the protocol’s long-term…
Indore: A person shows a sample of the drinking water that is being collected following a diarrhoea outbreak caused by contaminated water, at Bhagirathpura area, in Indore, Madhya Pradesh. INDORE: Deaths in the Indore water contamination tragedy, which rose to 10 Friday, could have been avoided had red flags raised by a BJP corporator two…
CHANDIGARH: Punjab police suspect Thursday’s explosion in Himachal Pradesh’s Nalagarh was orchestrated by Pakistan’s ISI, allegedly to destabilise the region.A purported press note surfaced Thursday, with Babbar Khalsa International (BKI) and Punjab Sovereignty Alliance (PSA) claiming responsibility for the attack near Nalagarh police station in Himachal’s Solan.The note said the mission was planned and executed…
XRP pushed up to $1.87 as exchange-held supply fell to its lowest level since 2018, reinforcing a tightening-float narrative even as price remains stuck below the heavy $1.88–$2.00 resistance band that has repeatedly capped rebounds. News background Exchange balances are being treated as a key signal again. Supply held on trading venues has fallen to…
