Business

MUMBAI: The rupee on Wednesday closed at 91.70 against the dollar, down 72 paise from Tuesday’s close of 90.98, as global bond market weakness, geopolitical tensions and persistent capital outflows weighed on sentiment, pushing the currency to a fresh all-time intraday low of 91.74.The currency weakened steadily through the session, marking its sixth consecutive day…

Top stocks to buy or sell today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Swiggy, Godrej Consumer Products, while GAIL is a sell call. Here’s his view on Nifty, Bank Nifty, and the top…

BENGALURU: Zomato-parent Eternal on Tuesday said its founder, Deepinder Goyal, has stepped down as group CEO, with Blinkit CEO Albinder Dhindsa succeeding him effective Feb 1.In a letter to shareholders, Goyal said he would step away from the CEO role and would remain on Eternal’s board as vice-chairman. Explaining the rationale, he said he was…

HYDERABAD: Beauty and personal care giant L’Oreal will set up its first AI-powered global beauty tech innovation hub in Hyderabad. The company will invest 350 million euros (approx Rs 3,500 crore) by 2030. The hub, which will be a first-of-its-kind globally, will focus on developing the next generation of AI-powered beauty innovations.L’Oreal plans to leverage…

In daily life, most people focus on how much tax they pay, but rarely on when and how it is collected. An increasingly visible part of India’s tax ecosystem is tax collected at source (TCS), which requires a portion of tax to be collected upfront on certain transactions. For many taxpayers, the timing of this…

MUMBAI: Unabated rally in gold and silver prices continued with the yellow metal trading near the $4,900 per-ounce mark, an all-time high level while the white metal traded near the $95/oz mark. Geopolitical uncertainties and trade-related disruptions are the main factors for the rally in gold. In addition, demand for silver outstripping supply around the…

MUMBAI: Outward remittances by resident Indians under the Liberalised Remittance Scheme fell in Nov 2025 to a two-year low partly because of a dip in education-related travel and also because of seasonality.Total outflows slipped to $1,937.2 million from $2,364.5 million in Oct, an ~18% sequential drop, and edged below $1,946.4 million in Nov 2024. The…

MUMBAI: Dalal Street witnessed extreme volatility on Wednesday with the sensex rallying from more than 1,000 points down to over 300 points up within a couple of hours. The index finally settled 271 points down at 81,910 points, its first close below the 82,000 mark since Oct 8 last year.Geopolitical and global economic factors were…

MUMBAI: RBI has said that the first advance estimates of real GDP growth for 2025-26 reflected the resilience of the Indian economy, driven by domestic factors amid a challenging external environment, adding that high-frequency indicators for Dec pointed to continued buoyancy in growth impulses with demand conditions remaining upbeat. In its State of the Economy…

NEW DELHI: Union cabinet on Tuesday approved the continuation of Atal Pension Yojana (APY) up to 2030-31, along with extension of funding support for promotional and developmental activities and gap funding. PM Narendra Modi said the decision will ensure old-age income security for low-income group and workers in unorganised sector. APY offers a guaranteed pension…