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INR recovers from historic lows as oil pulls back; RBI announces $5 billion US Dollar/INR swap auction to defend rupee
The Indian rupee recovered well in opening trades on Thursday as global investors noted a slight pullback in crude oil prices over the recent comments on a potential final stage of the US-Iran conflict. INR opened at Rs 96.25 per dollar and hit a high of 96.05 so far during the day. Yesterday, the counter ended near the next critical level of 96.86, a new historic low. Meanwhile, in a major structural intervention to stabilise domestic financial markets, the Reserve Bank of India (RBI) has announced a $5 billion USD/INR buy-sell swap auction. Scheduled to take place next week on Tuesday, May 26, the central banks move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system. The Indian Rupee has faced persistent downward pressure, depreciating significantly against the American greenback in recent weeks due to ongoing global macroeconomic uncertainties and shifting foreign capital flows. By deploying this specialised monetary tool, ...
TCS Employees Flag Lower Take-Home Despite Hikes As Variable Pay Tied to Office Attendance: Report
Several workers said their monthly take-home pay declined after the revision of salary structures.
A Shark Tank startup to take pickleball out of courts and into your homes
Bengaluru's MetaShot partnered with Yudiz Solutions to launch the world's first smart pickleball game on MetaShot's motion gaming console. This collaboration marks MetaShot opening its platform to external developers, aiming to expand its ecosystem with third-party sports titles and developer programs. The game will launch in the US in Q3 FY26.
TCS raises salaries, ties monthly performance pay to office attendance
TCS has rolled out salary hikes of up to 6% for top performers, but employees say revised compensation structures linking variable pay to office attendance and deployment metrics have reduced clarity on take-home pay.
Tata Trusts board meeting halted by regulator citing pending probe, as pressure to go public mounts
The regulatory intervention has revealed a deepening rift over whether to take Tata Sons — the conglomerate that produces everything from salt to software and cars — public.
West Bengal Elections: EC Orders Repoll In All 285 Booths Of Falta Assembly On May 21
Counting of votes for the constituency will take place on May 24, the EC official said.
Amazon posted a blowout quarter. Why the Street says this is only the start of the stock's strong run
"AMZN is adding the most AI capacity of any company over the next few years, and as the coming wave of Agentic AI products take form, all roads lead to AWS," one analyst said.
Tata Trusts to take up crucial issues at meeting in May
Meeting may discuss keeping Tata Sons private, and an extension for its chairman N. Chandrasekaran. It may also include a performance review of new-age businesses and an exit strategy for the Shapoorji Pallonji Group.
Tata Sons' exit door from upper layer NBFC list narrows
New norms, currently a draft circular, take away a part of RBI’s discretion to decid who gets to be on the list. The defining criteria for a non-bank to enter the club is if it has assets of ₹1 trillion or more. Tata Sons had total assets of ₹1.75 trillion on a standalone basis as on 31 March 2025.
CBI all set to take over Rs 590 crore IDFC First Bank scam case
The CBI has launched an extensive inquiry into an alarming Rs 590 crore embezzlement scheme concerning Haryana's government funds. Reports indicate that employees from IDFC First Bank, alongside certain private entities, engineered a diversion of funds into phantom enterprises and jewelry ventures. The investigation points to a web of financial transactions aimed at supporting lavish gold purchases and property deals.
HDFC Bank may not take legal action on Atanu Chakraborty, to focus on issues raised in resignation letter — Report
While the chances to seek damages from Chakraborty is unlikely at the moment as per the report, HDFC Bank's Board of Directors has mandated external law firms to independently examine governance processes.
Who is Sharon Pais? Flipkart executive likely to take over as Myntra CEO after Nandita Sinha exits
Myntra CEO Nandita Sinha will step down after over a decade, ahead of Flipkart's IPO. Sharon Pais is likely to replace her. All about the executive who will take over Myntra.