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Rupee snaps 6-day winning streak amid importer demand, IPO-linked outflows
Domestic currency weakens against the dollar as importer demand and IPO-linked outflows outweigh support from FCNR, ECB inflows and improving global risk sentiment
Rupee edges lower against dollar amid mixed global cues
Indian rupee opens slightly weaker at 94.36 against US dollar as softer crude and easing US Iran tensions lift sentiment, outlook seen cautiously supportive.
Forever Global Enterprises acquires Dhampur Bio Organics' Meerganj facility for INR 305 crores, marking entry into Uttar Pradesh's sugar sector
Forever Global Enterprises Limited has acquired Dhampur Bio Organics' Meerganj unit for INR 305 crores. This strategic move integrates a 9,000 TCD sugar mill and a 23 MW cogeneration plant, paving the way for a 200 KLPD grain-based and 100 KLPD molasses-based distillery. The expansion, with a total investment of INR 760 crores, aims to boost regional employment and farmer prosperity in western Uttar Pradesh, solidifying FGEL's sugar-to-spirits platform.
India to lead next phase of global steel demand, says Lakshmi Mittal
India is set to become the global leader in steel demand. This shift follows decades of strong growth from China. Lakshmi Mittal, executive chairman of ArcelorMittal, highlighted infrastructure development, urbanisation, and energy transition investments as key drivers. Operating in 2026 presents new challenges and opportunities.
India poised to drive next wave of global steel demand, says Lakshmi Mittal
India is set to lead global steel demand in the coming decades. Large-scale infrastructure projects, urban growth, and energy transition investments will drive this expansion. ArcelorMittal's Executive Chairman, Lakshmi Mittal, highlighted India's emerging role, comparing it to China's past growth. The company's 20th anniversary marks a new phase for the steel industry.
Rajdarshan Industries Ltd leads losers in 'B' group
TV Vision Ltd, Saraswati Commercial (India) Ltd, Khandwala Securities Ltd and Varvee Global Ltd are among the other losers in the BSE's 'B' group today, 18 June 2026.
$15 billion game-changer: Reliance Jio readies for a big bang in space
Reliance Jio is reportedly planning a massive 1,600-satellite low Earth orbit constellation, aiming for direct-to-device connectivity and extending its telecom dominance into space. This ambitious project, potentially costing $10-15 billion, seeks to bolster India's digital sovereignty and reduce reliance on foreign infrastructure, positioning Jio as a major global player.
Textile stocks gain as upcoming UK and EU FTAs to grant zero duty access, boost export prospects
For home textiles, Indo Count Industries, Pearl Global and Welspun Living are the key beneficiaries. While Indo Count Industries and Pearl Global have a 4% - 5% UK exposure, Welspun Living's UK and EU exposure was 18% in financial year 2025.
Target Corp leases 8.3 lakh sq ft office space in Bengaluru for 10 years
US retail giant Target Corporation secures a significant office space in Bengaluru. The company will occupy over 8.3 lakh square feet at Embassy Manyata Business Park. This long-term lease, valued at approximately Rs 1,250 crore, highlights the growing presence of global capability centers in India's tech hub. The deal underscores sustained demand for Grade A office spaces in Bengaluru.
Buying US stocks via Gift City to get easier as Zerodha, Groww, Angel One and Upstox get nod
Buying US stocks could soon become easier for Indian retail investors after Zerodha, Groww, Angel One and Upstox secured regulatory approvals from GIFT City’s IFSCA. The licences will enable the brokerages to facilitate overseas investing, tapping into growing demand for global equities under the RBI’s Liberalised Remittance Scheme.
Dollar slips as markets wait on Warshs Fed debut
GLOBAL-FOREX:Dollar slips as markets wait on Warsh's Fed debut
Rupee appreciates for 3rd straight day on easing West Asia tensions
The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global energy supplies has significantly reduced. Moreover, softening of the US dollar and a decline in US treasury yields also supported the USD/INR pair, they said. At the interbank foreign exchange, the rupee opened at 94.69 against the US dollar and traded in the range of 94.48-94.71. Eventually, it settled at 94.53 (provisional), up 5 paise from its previous close. "We expect the rupee to trade with a positive bias as global markets cheer the US-Iran deal, which has boosted global risk sentiments. Declining US dollar and falling crude oil prices may further support the rupee. "Easing inflation concerns and ..