Stock market today: Rupee crashes 32 paise to hit record low of 86.36 against U.S. dollar in early trade
The currency is on course to log its worst single-day performance in nearly two years. Photo used for representation purpose only. | Photo Credit: Reuters The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the U.S. dollar during
Microsoft confirms global layoffs, but not in India this time: Report
Microsoft CEO Satya Nadella this month visited India, where he met with Prime Minister Narendra Modi [File] | Photo Credit: REUTERS Microsoft is carrying out job cuts in offices around the world, but employees in India will not lose their jobs in this round, reported The Hindu Businessline. Microsoft’s job
Sensex, Nifty tumble amid weak global peers, foreign fund outflows
Photo used for representation purpose only. | Photo Credit: The Hindu Benchmark indices Sensex and Nifty tanked in early trade on Monday (January 13, 2025) amid weak global trends and unabated foreign fund outflows. Brent crude rising to $81 a barrel and a strong US jobs data that dampened early
Apple’s board recommends shareholders vote against proposal to cut diversity programs
The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its “Inclusion & Diversity program, policies, department and goals” [File] | Photo Credit: AP Apple’s board of directors recommended investors vote against a shareholder proposal to abolish the company’s Diversity, Equity, and
Companies look to localise data storage, telecom tech
Indian tech firms capitalise on policy changes to localize hardware and software, with CloudPhotonix and DigiBoxx leading the charge. File | Photo Credit: The Hindu From data centres to telecom equipment, Indian firms are capitalising on key policy developments to indigenise the Indian tech stack, from both a hardware and
Bessent to Wind Down Hedge Fund If Confirmed at Treasury
(Bloomberg) — Scott Bessent, President-elect Donald Trump’s pick to run the US Treasury Department, will resign from Key Square Group and divest underlying assets to avoid conflicts of interest if confirmed by the Senate. The resignation would immediately follow his confirmation as Treasury secretary, according to a document released by
Centre asks Telangana govt. to explore possibility of private sector collaboration for integrated steel plant
The Central government has exhorted the Telangana government to explore possibility of setting up the proposed integrated steel plant at Bayyaram in Khammam district in collaboration with a private company. Union Home Secretary Govind Mohan made the suggestion to the Telangana government delegation during the meeting to review the progress
Air India ‘bullish’ on long-haul travel
Air India Airbus A 320 aircraft. File | Photo: V. Sudershan Air India Group, which completes three years of privatisation this month, has recorded the fastest growth in market share on far-flung international destinations such as the U.S., Europe and Australia. The airline’s passenger shares on routes to North
Sweden May Have to Build Up Its Defense Force, Premier Says
(Bloomberg) — Sweden’s Prime Minister Ulf Kristersson indicated the country could increase its defense spending amid the risk of hybrid warfare in the Nordic and Baltic regions. “I do not rule out at all that the situation will require us to take more steps to build up and expand the
Politics News Today Live Updates on January 12, 2025: Sanjay Raut defends Shiv Sena (UBT)’s decision to go solo for local polls: ‘Congress leaders should have the habit…’
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