The Indian rupee depreciated for the fifth consecutive day, falling 24 paise to 94.25 against the US dollar. MUMBAI: The rupee closed at a record low of 95.09 against the US dollar on Monday, falling 18 paise from the previous close, as strong dollar demand from corporates and rising crude oil prices weighed on sentiment.Other…
MUMBAI: Venu Srinivasan, chairman emeritus of TVS Motor, and Vijay Singh, a former bureaucrat, are set to step down as trustees of the Tata Education and Development Trust (TEDT) from May 11, after fellow trustee Mehli Mistry voted against their reappointments.Trust rules require unanimous consent from all trustees for a reappointment. The departures mark the…
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File photo: Sebi chief Tuhin Kanta Pandey MUMBAI: Sebi chairman Tuhin Kanta Pandey on Monday said that the regulators for banking and insurance sectors were not willing to allow their regulated entities into commodities derivatives segment due to some concerns.Pandey also said that for Sebi to regulate products that allow physical delivery of commodities like…
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Rising tensions in the Middle East pushed oil prices sharply higher on Tuesday after Iranian-linked attacks and military clashes fueled fears over disruption in the crucial Strait of Hormuz shipping route.Brent crude, the international benchmark, closed at $114.44 a barrel, marking a rise of around 6% on the day, while US benchmark West Texas Intermediate…
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