Rupee Hits Record Low of 94.1550 Against Dollar

The Indian rupee extended its losing streak, falling 0.2% to a fresh record low of 94.1550 against the US dollar. Persistent FII outflows and Middle East tensions continue to weigh on sentiment, despite supportive cues like lower crude prices.

India Cuts Special Additional Excise Duties on Fuel

The Indian government has reduced special additional excise duties on petrol and diesel to provide relief to consumers and manage inflation. This move aims to lower fuel prices and support economic stability.

Noida Airport Targets 60 Lakh Flyers, Unique Catchment Area

Noida International Airport, set to open this summer, will draw passengers from western UP and eastern NCR, distinct from Delhi's IGI. CEO Christoph Schnellmann details plans for 60 lakh passengers in year one, cultural design, and phased operations.

UBS Cuts Cipla Target; Bajaj Finserv, LG India, Others Rated

UBS downgrades Cipla's target price to Rs 1,400 amid supply issues, while Motilal Oswal initiates coverage on Bajaj Finserv. Jefferies, Nomura, CLSA, and JP Morgan issue ratings on LG India, EClerx, Coforge, and United Spirits, highlighting market trends.

Air India Adds 22 Flights to West Asia as Demand Spikes

Air India has significantly increased its operations to West Asia, launching 22 new flights today to meet rising passenger demand on key routes. This expansion includes enhanced services to destinations like Dubai, Doha, and Riyadh.

Fuel Crisis in Vidarbha: Panic Buying Doubles Petrol Sales

Consumers in Vidarbha purchased over double their normal petrol quota amid a fuel crisis, with diesel sales up 50%. Private player Nayara Energy hiked prices, adding pressure on public sector companies as global oil prices surge due to Middle East conflic

Rajasthan Power Board Considers Retiring Kota Thermal Units

Rajasthan Vidyut Utpadan Nigam Ltd convenes board meeting to retire four Kota Thermal Power Plant units, reversing a 2021 Congress directive. The move is linked to a proposed 3,200 MW thermal capacity procurement under a new tender.

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