Rupee declines 5 paise to 86.40 against US dollar in early trade
The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday (January 23, 2025) amid a strengthening greenback. While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it
World Economic Forum 2025 Day 4 highlights
U.S. President Donald Trump, addressing the World Economic Forum in Davos, Switzerland, via video link on Thursday, accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, but offered no evidence or specifics of any wrongdoing. “I hope you start opening your bank
U.S. sanctions hit Russian oil supply to India; BPCL says supplies may be impacted
Russian oil made up for 34-35% of all oil that BPCL processed at the start of the current financial year in April 2024 | Photo Credit: Reuters The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned
Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks
A view of the BSE building in Mumbai | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets. In
UltraTech Cement Q3 PAT down 17% to ₹1,474 crore, sales volume up 10% YoY
UltraTech Cement Ltd, an Aditya Birla Group company, for the third quarter ended December 31 reported a 17% decline in consolidated net profit to ₹1,474 crore as compared with ₹1,775 crore a year earlier. Revenue from operations grew marginally by 2.7% to Rs 17,193 crore from Rs 16,740 crore in the same period last year. During the quarter,
‘I am terrified’: Workers describe the dark mood inside federal agencies
President Donald Trump’s executive orders targeting the federal workforce have injected a fresh wave of anxiety among employees across the bureaucracy — stoking fears the president is coming for their jobs. Just a few days into Trump’s second term, some federal workers are contemplating quitting. Others are preparing to file
Dr. Agarwal’s ₹3,062 crore IPO to hit market Jan. 29
Ahead of its ₹3,062 crore Initial Public Offering (IPO) launch, the management of Chennai headquartered Dr. Agarwal’s Health Care Limited said there has been a phenomenal growth in the eye-care market in India. The IPO includes a ₹300 crore primary raise, with the balance ₹2,762 crore from a secondary sale
ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore
The gross NPA additions were ₹6,085 crore out of which ₹5,300 crore were from retail and rural and the rest was from corporates, Sandeep Batra, executive director, ICICI Bank said. | Photo Credit: Special Arrangement ICICI Bank, the second largest private sector bank, reported a 14.8% year-on-year growth in net
NTPC Green Energy Q3 profit grows 18% to ₹66 crore
Image for representative purposes only | Photo Credit: Special arrangement NTPC Green Energy Ltd (NGEL) on Saturday (January 25, 2025) reported an 18% rise in consolidated net profit at ₹65.61 crore for the December quarter FY25, on account of higher income. It had logged ₹55.61 crore net profit in the
Customers get a glimpse of the new compact SUV Kia Syros
Launch of Kia Syros in Chennai on January 25, 2025. | Photo Credit: R. Ravindran From panoramic sunroof to wireless charging, stolen vehicle tracking to front ventilated seats, customers in Chennai were given a glimpse of what Kia promises to offer in its new compact SUV, the Syros. R. Arunkumar,