The Indian rupee weakened sharply on Wednesday, slipping to a record closing low of 92.05 against the US dollar as soaring crude oil prices and global risk aversion linked to the Iran crisis weighed heavily on the domestic currency.The rupee depreciated by 56 paise during the session, pressured by rising energy costs, foreign fund outflows…
The deal between All3Media and Banijay will bring together the companies behind the “Peaky Blinders” and the “Traitors” franchises. Source link
A proposal to increase the number of family units considered in salary calculations from three to five could significantly boost pay revisions under the 8th Pay Commission, according to central government employee organisations. They argue that if the government accepts the demand, the fitment factor used to revise basic salaries could cross 3, potentially leading…
Treasury Secretary Scott Bessent predicted that overall tariff rates, which fell after a Supreme Court ruling last month, would be back to previous levels within five months. Source link
Hyderabad: With an eye on emerging as a pan-India player in the agricultural machinery market, Escorts Kubota Ltd (EKL) is making a serious play for the high-growth South Indian market with its foray into paddy and wetland farming segment. The company, which is a joint venture between Faridabad-based Escorts Group and Japan’s Kubota and primarily…
Beth M. Hammack, head of the Federal Reserve Bank of Cleveland, says it is too early to gauge the economic impact of the Iran war and backs holding interest rates steady for “quite some time.” Source link
Benchmark indices Sensex and Nifty ended sharply lower on Wednesday, tracking weakness in Asian markets as escalating tensions in West Asia pushed crude oil prices higher and weighed on investor sentiment.The 30-share BSE Sensex fell for the fourth consecutive session, dropping 1,122.66 points or 1.40 per cent to close at 79,116.19. During the day, the…
The U.S.-Israeli war with Iran has paralyzed the strait, a vital shipping lane for energy and commerce, putting global investors on edge. Source link
Stocks in the United Arab Emirates fell sharply on Wednesday as markets reopened after a rare two-day trading halt triggered by Iran’s missile and drone attacks on the Gulf nation over the weekend, prompting investors to reassess geopolitical risks, Reuters reported.Dubai and Abu Dhabi exchanges had suspended trading on March 2 and March 3 —…
The deal would put the combined company in the same league as Disney and Amazon. But Netflix and YouTube will still easily outrank everyone. Source link
