The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global…
The steering wheel on an Inceptio Technology autonomous truck in Jinan, Shandong Province, China, on Thursday, April 18, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — While AI updates make headlines every few weeks, those advances are not enough to get self-driving vehicles on the road more quickly. That’s according to Chinese autonomous trucking…
NEW DELHI: In a massive relief for beleaguered Vodafone Idea, the Department of Telecom (DoT) has reassessed the company’s adjusted gross revenue (AGR) dues at Rs 64,046 crore at the end of Dec, as against Rs 87,695 crore estimated earlier.In a stock exchange filing, Vodafone Idea said on Thursday that the committee set up by…
MUMBAI: Hindustan Unilever (HUL) has hiked prices by 2-5%, signalling more increases could be in the offing going ahead as the company copes with a 8-10% cost inflation on the back of the West Asia war that sent oil prices soaring, weighing on raw material costs for a host of consumer goods ranging from detergents…
NEW DELHI: Today’s Chanakya Thursday predicted a big win for BJP in West Bengal, while News18 in its exit poll has forecast a tight contest with an edge to BJP.In Tamil Nadu, Today’s Chanakya gave a majority to the DMK and its allies where actor Vijay-led TVK has emerged as an X factor that may…
Latest developments: Banking groups want regulators to pump the brakes on the Genius Act rollout. Major U.S. banks have asked for extended public comment periods before full implementation. Agora CEO Nick van Eck said the move is “not much of a surprise,” calling the law one of the most significant in banking history Van Eck…
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NEW DELHI: India is closing long-standing gender gaps in education, with girls now outperforming boys on several fronts. The latest National Statistics Office (NSO) data shows that the transition remains uneven — from near parity in school enrolment to a gradual shift in higher education outcomes.The ‘women and men in India 2025’ report shows female…
In today’s newsletter, Josh Olszewicz from Canary Capital introduces Sui blockchain and discusses its potential impact on Web3 adoption and optimization for consumer applications. Special alert: Are you going to Consensus Miami? Don’t miss the closed-door, Wealth Management Day on May 6. There is a special side event, dedicated to advisors. Attendance is complimentary for…
NEW DELHI: The onus of disproving suspicions about the legitimacy of late businessman Sunjay Kapur’s purported will lies on his wife Priya Kapur, Delhi high court said Thursday, directing that his Rs 30,000-crore estate be frozen until all doubts are settled, reports. “The legitimate suspicious circumstances raised by the plaintiffs will have to be completely…
