Rupee slips to a new low; touches 71.75/$

The Indian rupee fell to a new record low of 71.75 against the US dollar during morning trading on Wednesday, extending its recent decline against the greenback.

At around 10.40 a.m., the rupee was trading at 71.75 to a dollar, marking its…

India's airlines suffering double whammy: IATA

India's airlines are facing growing financial pressure from a sharp increase in aviation fuel prices and the depreciation of the Indian rupee, creating what the global airline industry body IATA described as a "double whammy".

The…

VMware to comply with Indian government's demand to localise data

Enterprise software major VMware has said it is prepared to comply with India's data localisation requirements, as the country works on rules requiring data generated locally to be stored within its borders.

The US-based company, which…

RInfra wins Rs 200 cr arbitration against NHAI

Reliance Infrastructure (RInfra) has won an arbitration award worth around Rs 200 crore against the National Highways Authority of India (NHAI) over additional costs and revenue losses linked to its highway project in Tamil Nadu, the company said…

Oil prices, trade tensions to exert pressure on rupee: Experts

The Indian rupee is likely to remain under pressure in the coming week as rising global trade protectionism, elevated crude oil prices and continued foreign fund outflows weigh on the currency, market experts said on Saturday.

However, stronger-than-expected…

India's forex reserve up $445mn

India’s foreign exchange reserves increased by $445.4 million in the week ended August 24, taking the country’s total reserves to $401.29 billion, according to official data released on Friday.

The latest figures from the Reserve…

Google Launchpad Accelerator India shortlists 10 startups

Google on Friday announced the first batch of 10 shortlisted startups selected for its Launchpad Accelerator mentorship programme in India.

The inaugural programme will begin on September 10 at Google's Bengaluru office.

The selected…

Manufacturing upswing lifts India Q1 GDP; growth at 8.2%

India's economic growth accelerated to 8.2 per cent in the first quarter of 2018-19, driven largely by a strong recovery in manufacturing activity, official data released on Friday showed.

According to the Central Statistics Office (CSO),…

Oil prices, interest rates to put pressure on India's fiscal deficit: Moody's

Global credit ratings, research and risk analysis firm Moody’s Investors Service on Wednesday said rising oil prices and interest rates could put pressure on India’s fiscal position and current account deficit.

However, Moody’s…

India shortlisted among 5 countries for Uber flying cabs

Uber on Thursday shortlisted India among five countries that could host the ride-hailing company's first international Uber Air city within the next five years.

After evaluating countries across the world, Uber Elevate, the aerial taxi…