MUMBAI: One-year outright forward rates for the rupee breached the 100 level intraday while the domestic currency slid to a new low of 96.96 in the spot during intra-day trade, before closing at 96.82, down 29 paise from its previous close of 96.53, reports Mayur Shetty.A one-year outright forward spot rupee transaction is a foreign-exchange…
NEW DELHI: India’s digital transformation has pushed the country into a new era of cybersecurity risk, where traditional, manual defences may no longer be enough to counter increasingly sophisticated and automated cyberattacks, National Cyber Security Coordinator Navin Kumar Singh said on Tuesday. He stressed the need for artificial intelligence-powered security systems to protect critical infrastructure…
It’s advantage RR in IPL 2026 Playoffs race. (Pic credit: IPL) With five games remaining in the IPL 2026 league stage, LSG and MI are already out of contention for the playoffs while RCB, GT and SRH have qualified. RR are best placed among the others followed by PBKS and KKR. DC and CSK are…
THIRUVANANTHAPURAM: Kerala’s most controversial infrastructure project in recent history is officially dead. Chief minister V D Satheesan Wednesday announced that UDF govt had decided to scrap the controversial SilverLine semi-high-speed rail project designed to link Thiruvananthapuram and Kasaragod, ending the flagship infrastructure initiative of the previous LDF govt after years of protests and uncertainty. The…
NEW DELHI: Grasim Industries reported a nearly 28% increase in its consolidated net profit to Rs 3,802 crore for Q4FY26 driven by its building materials, financial services and cellulosic fibres businesses on Wednesday. It posted a consolidated net profit of Rs 2,973 crore for the Jan-March quarter a year ago. On a standalone basis, Grasim…
Robin Minz and Deepak Chahar NEW DELHI: Mumbai Indians’ miserable IPL 2026 campaign summed itself up perfectly during their clash against Kolkata Knight Riders at Eden Gardens on Wednesday, when a comedy of errors in the field left skipper Hardik Pandya visibly frustrated.The moment came in the 10th over of KKR’s chase. Pandya bowled a…
NEW DELHI: Prime Minister Narendra Modi will chair a meeting of the Union government’s council of ministers on Thursday, with discussions expected on the functioning of ministries, recent policy decisions, their outcomes and future plans, official sources said.The meeting, the first of the council of ministers this year, assumes political significance as it comes after…
NEW DELHI: Amid the conflict in West Asia, output in India’s eight core infrastructure industries inched up to 1.7% in April from the upwardly revised 1.2% in March, latest official data released Wednesday showed. Notably, as many as four industries linked to energy sector and the fertiliser industry registered a decline in output during the…
NEW DELHI: India’s peak power demand hit an all-time high for the third straight day on Wednesday, with electricity requirement touching 265.4 GW amid intensive use of ACs and cooling appliances due to scorching heat across the country.The peak electricity demand was recorded at 257.5 GW on Monday, which was eclipsed on Tuesday with a…
MUMBAI: Mobile phone financiers will face restrictions on “mobile lock” practices under RBI’s amended rules for loan recovery. Under the reworked draft regulation, lenders can restrict financed devices only under explicit contractual consent and after a 90-day default cycle with a staged 60-day and 7-day notice regime, while mandating that core functions such as incoming…