The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking its steepest annual decline in 14 years, according to market data as reported PTI.The last comparable fall was in FY12, when the domestic currency had dropped 12.4 per cent amid a widening current account deficit of 4.2 per cent.The sharp depreciation…
NEW DELHI: The Petroleum and Natural Gas Regulatory Board (PNGRB) has put in place a formal ombudsman mechanism for grievance redressal to strengthen consumer protection.Under the new rules, consumers will now have the option to escalate unresolved complaints beyond the company level to an independent authority designated as the ombudsman. The provision comes into play…
In response to disruptions in cargo movement linked to the Middle East crisis, the government has allowed an additional 30 days for the gems and jewellery sector to fulfil specific export and import timelines.The relaxation comes as exporters face delays in consignments to key markets in the region, which accounts for nearly 30 per cent…
American Bitcoin (ABTC), the Donald Trump family-backed company, has hit 7,000 BTC in its bitcoin BTC$66,685.64 reserve, marking roughly a threefold increase in these assets since its Nasdaq debut in September 2025, according to the company. The firm also reported a more than doubling of its satoshis per share, a metric that reflects the amount…
US Federal Reserve Chair Jerome Powell on Monday said the central bank can look through the energy price shock triggered by the Middle East conflict, but warned it may need to act if rising costs begin to alter inflation expectations, AFP reported.“The tendency is to look through any kind of a supply shock,” Powell said…
NEW DELHI: As Puducherry heads into assembly polls, the numbers tell a compelling story — one where women voters outnumber men, potentially shaping the electoral outcome in a decisive way.According to the final electoral rolls, the Union Territory has a total of 9,44,211 voters across 30 constituencies. Of these, 5,00,477 are women, compared to 4,43,595…
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Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction of…
