The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, dragged down by weak domestic equities, rising global crude oil prices, and sustained foreign fund outflows. The sharp slide in equity benchmarks and a stronger dollar overseas also pressured the local unit, forex traders said.At the interbank foreign exchange, the…
BENGALURU: Swiggy has appointed Faraz Khalid, CEO of MidEast ecommerce major noon, as an independent director to its board, while long-time investor nominees from Accel and SoftBank have exited their roles, marking a broader shift toward independent governance after the company’s 2024 IPO.Khalid’s appointment brings global ecommerce and quick-commerce expertise to Swiggy at a time…
Image credit: Priya Sachdev Kapur’s Insta account In a high-stakes corporate drama riddled with grief, suspicion, and boardroom intrigue, Sona Comstar held its Annual General Meeting (AGM) on July 25 – brushing aside an emotional plea from Rani Kapur, mother of Sunjay Kapur, to delay the proceedings. What unfolded wasn’t just a shareholder meeting, but…
The Atal Pension Yojana (APY), the Centre’s flagship social security scheme aimed at unorganised sector workers, has surpassed 8 crore total gross enrolments, the Finance Ministry said on Friday. The scheme added 39 lakh new subscribers in the current financial year so far, marking a significant expansion in its outreach.Launched on May 9, 2015, and…
India was unable to secure a carve-out from the UK’s upcoming carbon tax regime under the newly signed Free Trade Agreement (FTA), a shortcoming that could hurt Indian exports of carbon-intensive products such as steel and aluminium from 2027, according to think tank Global Trade Research Initiative (GTRI).The UK government plans to implement its Carbon…
Pharmaceutical major Cipla posted a 10% year-on-year increase in consolidated net profit at Rs 1,298 crore for the quarter ended June 30, 2025, aided by solid demand in domestic and select international markets. The company had reported a net profit of Rs 1,178 crore in the same period last year.Revenue from operations stood at Rs…
Representative image (AI) Bernard Arnault , CEO of French luxury multinational conglomerate Louis Vuitton, on Thursday announced his intention to open a second factory in Texas, while hoping for a good conclusion for US-Europe trade talk, according to news agency Reuters.The recent quarterly numbers put out by the LVMH show lower-than-expected sales. This comes amid…
Rani Kapur has described her son late Sunjay Kapur’s passing as “sudden and suspicious”. Rani Kapur, late Sunjay Kapur’s mother, has written to Sona Comstar’s board and shareholders, asking for the company’s AGM to be postponed in the light of her son’s death. She has also raised concerns on the circumstances leading to Sunjay Kapur’s…
India’s second-largest electric scooter manufacturer by volume has been compelled to reduce its EV production by 50% this month. China’s rare earth magnet curbs are set to hit India’s auto sector, with Bajaj Auto being possibly the first to halt production of its electric scooters in August. According to Bajaj Auto managing director Rajiv Bajaj,…
Market experts anticipate Indian markets to trade within a defined range, with movements influenced by first-quarter earnings results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Friday. While Nifty50 went below 24,900, BSE Sensex was down over 550 points. At 11:07 AM, Nifty50 was trading…
