Rupee Rebounds 151 Paise After RBI Caps Banks' Forex Positions

The Indian rupee surged 151 paise to 93.19 against the US dollar in early trading on Thursday, following an RBI circular that caps banks' net open positions at $100 million. The recovery comes after the currency hit a record low of 94.84 last week.

Oracle's Biggest Layoffs: Thousands of Jobs Cut Worldwide

Oracle has initiated its largest-ever layoffs, terminating thousands of employees worldwide. The company sent emails on March 31, instructing staff to provide personal email addresses for exit communications and revoking access to systems immediately.

Stock Market Falls 2% on Trump Iran Threats, Crude Oil Surges

Indian benchmark indices Nifty50 and Sensex tumbled nearly 2% on Thursday after US President Donald Trump's address signaled continued military action against Iran, dashing hopes for a quick conflict resolution and pushing crude oil prices higher.

Indian Auto Industry Growth Amid Rising Cost Pressures

Major car manufacturers in India reported double-digit wholesale growth in March, with FY26 dispatches reaching 47 lakh units. However, companies face increasing cost pressures from geopolitical conflicts, leading to price hikes.

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