Category: Business

The rupee depreciated 15 paise to 88.65 against the dollar in early trade on Wednesday, weighed down by elevated crude oil prices and foreign fund outflows. Forex traders said renewed optimism over the India-US trade deal supported the domestic unit at lower levels. At the interbank foreign exchange, the rupee opened at 88.61 against the...

Putting a “quietus on speculative news” about his role, businessman Mehli Mistry, a trustee of Tata Trusts whose term was not renewed last week, today made it official, saying he is “parting ways” with Tata Trusts. Tata Trusts own 66% in Tata Sons, which in turn oversees 30 firms within one of India’s most storied...

As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce enablement platform Shiprocket, have secured Sebi’s approval to raise nearly Rs 7,700 crore collectively through initial public offerings (IPOs), an update with the markets regulator showed on Monday. Others that received regulatory approval are German Green Steel and Power, Allied Engineering Works,...

Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India have reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October. ‘In October, we...

Hindustan Unilever said on Friday it has received a tax demand order of Rs 1,986.25 crore for the financial year 2020-21 from the country’s tax authority. The Indian arm of UK-based Unilever said the tax authority had disputed the valuation of certain related-party transactions and raised questions over some of its depreciation claims for tax purposes, but did...

The US Department of Homeland Security on Wednesday announced an interim rule ending the automatic extension of Employment Authorisation Documents (EAD) for migrant workers, a move expected to affect thousands of foreign employees, including a large number of Indians.  In a statement issued on Wednesday, the Department said, “Aliens who file to renew their EAD...

On October 23, 2025, the gold rate in Delhi has been consistently declining since Dhanteras and Diwali, marking a steady downward trend in prices. Today, on Bhai Dooj, the price of 24K gold stands at Rs 12,603 per gram, while 22K gold is priced at Rs 11,480 per gram, both lower than yesterday’s rates. Just a few...

Tesla Inc’s profit plunged as rising costs undercut a record quarter of vehicle sales, exposing strains on its operations while Chief Executive Officer Elon Musk shifts focus away from the automotive business.  Musk used Tesla’s third-quarter earnings to talk up ambitious-but-opaque initiatives including the company’s humanoid robot and artificial intelligence programs, and also pleaded with...

Adani Green Energy has signed an agreement to borrow $250 million from some global lenders in its first foreign currency loan since the row with the US Department of Justice. Many leaders in the US had also criticised the DoJ’s move as one that undermined economic collaboration and trust. The DoJ’s indictment of Adani Group...