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INR stays pressured amid elevated international oil prices
The Indian rupee slipped back and is hovering around record low levels in opening trades on Thursday as international oil prices ticked higher. INR opened at 95.74 per dollar and hit a low of 95.79 so far during the day. Yesterday, the unit hit an all-time low of 95.80 against the US dollar, and settled at 95.67 near its record closing low level amid elevated crude prices and West Asia geopolitical concerns. The rupee has become the worst-performing currency in Asia for the year, registering a loss of over 6 per cent so far this year, as elevated crude oil prices, a strong dollar and concerns regarding the West Asia crisis weighed on investor sentiments. Govt action of hiking import duties on gold and silver to 15 per cent failed to give much respite to the local unit. Moreover, Indias consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March. Food inflation, a key constituent of the countrys consumer price index, hit 4.2%, up from 3.87% in ...
Outward remittances: NBFCs don't need prior RBI nod for dealer tie-ups
The framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at regulated banks facilitating the transactions.
Outward remittances: NBFCs don't need prior RBI nod for dealer tie-ups
The framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at regulated banks facilitating the transactions.
Stocks to Watch for May 14: Tata Motors, Bharti Airtel, Oil India, Kaynes Tech, Bharti Hexacom and more
From Bharti Airtel reporting a steady March quarter performance to Crompton Greaves Consumer Electricals reporting a consolidated net loss of ₹533.9 crore for the fourth quarter of FY26, here are some stocks to track ahead of Thursday's trading session.
INR settles near record low level amid inflationary concerns
The rupee on Wednesday slipped to an all-time low of 95.80 against the US dollar, and settled at 95.67 near its record closing low level amid elevated crude prices and West Asia geopolitical concerns. The rupee has become the worst-performing currency in Asia for the year, registering a loss of over 6 per cent so far this year, as elevated crude oil prices, a strong dollar and concerns regarding the West Asia crisis weighed on investor sentiments. Govt action of hiking import duties on gold and silver to 15 per cent failed to give much respite to the local unit. Moreover, Indias consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March. Food inflation, a key constituent of the countrys consumer price index, hit 4.2%, up from 3.87% in March, Indias Ministry of Statistics and Program Implementation said in a release.
Crompton Greaves slips into Q4 loss after one-off hit despite revenue growth
Crompton Greaves Consumer Electricals reported a Q4 net loss after booking a ₹716 crore impairment charge linked to its Butterfly business, even as revenue grew 11%.
Q4 Results LIVE Updates: Dr Reddy's, Dixon react to earnings; Bharti Airtel, Cipla report today
Q4 Results LIVE Updates: It's another earnings-heavy day as investors track numbers coming in from two Nifty 50 constituents Bharti Airtel and Cipla. Bharti Hexacom, TVS Motor, Tata Motors Commercial Vehicles, DLF, Crompton Consumer, DCM Shriram, HPCL, GSK Pharma, Man Infra, Oil India, NLC India, PFC, Sagar Cement, Tube Investments, are among the other important companies to track today. Watch this space for all the live earnings updates.
Dixon Tech Q4 profit falls 36% despite revenue growth and expansion plans
Dixon Technologies reported a sharp decline in quarterly profit due to weak consumer demand, rising component costs, and the end of PLI benefits. Despite margin pressure, the company expects strong FY27 growth driven by smartphone manufacturing, telecom equipment, exports, and IT hardware expansion.
Maruti Suzuki selects 6 start-ups to co-create new-age tech-based biz solutions
Maruti Suzuki India has chosen six startups for its accelerator program. These companies will develop new technology solutions. The focus is on improving plant safety and efficiency. Product development time will be reduced. Material traceability will be strengthened. Customer engagement will also be enhanced. This collaboration aims to modernize operations and prepare for the future.
Jewellers say people were already recycling, exchanging old gold instead of new purchases amid PM Modi's appeal
Indians are smartly buying gold. High prices mean more people are exchanging old jewellery for new. This reduces the need for fresh gold imports. Companies like P. N. Gadgil Jewellers and Tanishq see a big jump in these exchanges. Consumers are viewing old gold as an asset to be redesigned. This trend is reshaping gold purchases across India.
Stock Picks Today: PB Fintech, Titan, Godrej Consumer, Indian Hotels And More On Brokerages' Radar
Check out top stocks under brokerages' radar heading into trade today
Buy, Sell Or Hold: Dixon Technologies, Shakti Pumps, Tata Consumer, Eternal — Ask Profit
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