Rupee Falls 18 Paise to 96.38 Against US Dollar
The Indian rupee depreciated 18 paise to 96.38 against the US dollar in early trade on Monday, tracking a strong greenback and risk aversion in global markets.
Category : Banking
Vodafone Idea Share Price Up 94.50% in 1 Year: Key Factors
Vodafone Idea share price has surged 94.50% in the past year on NSE and BSE. The rally is driven by tariff hikes, subscriber growth, and government relief measures.
Markets Rise as Trump Halts Iran Strikes, Hints Deal
Indian stock markets rose in early trade after Trump halted strikes on Iran and hinted at a deal, with buying in IT stocks and Adani firms adding to the positive trend.
Rupee falls 18 paise to 96.38 vs US dollar amid tensions
The Indian rupee weakened 18 paise to 96.38 against the US dollar on Tuesday, pressured by rising crude oil prices and geopolitical tensions in the Middle East. Forex traders expect further downside, with RBI intervention likely to support the currency.
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Adani Stocks Surge After US Justice Dept Relief
Adani Enterprises, Adani Power, and Adani Green shares rallied after the US Justice Department provided relief, boosting investor sentiment.
SBI Apprentice 2026: 7150 Vacancies, Apply May 19-Jun 8
SBI has announced 7150 apprentice vacancies under the Apprenticeship Act 1961. Online applications open from May 19 to June 8, 2026. Eligibility: graduate, age 20-28. Selection: written exam, local language test.
JP Morgan Downgrades Tata Steel to Neutral; Target Rs 220
JP Morgan downgrades Tata Steel to neutral with Rs 220 target. Investec and Macquarie update on SAIL and Voda Idea. UBS and Kotak review Delhivery and Premier Engineering.
Fuel Prices Hiked Again: Petrol, Diesel Up by 90 Paise
Petrol and diesel prices increased by about 90 paise per litre on Tuesday, the second hike in less than a week. Delhi petrol now Rs 98.64, diesel Rs 91.58.
Handicrafts and Handloom Sector Faces Low Wages, Productivity Issues
A new study reveals that India's handicrafts and handloom sector, employing 1.1 crore workers, suffers from low productivity and wages below minimum wage, with minimal formalisation and e-commerce use.
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Fintech Firms Accountable for Frozen FD Funds
Fintech companies face scrutiny as investor funds in fixed deposits stay blocked, raising concerns over accountability and regulatory oversight in the sector.
TVS Venu buys 9.9% stake in Jana SFB for Rs 193 crore
TVS Venu, investment arm of Sudarshan Venu, acquires minority stake in Jana Small Finance Bank for Rs 193 crore, expanding financial services footprint.
Karnataka Bus Strike Looms as Wage Talks Fail
Karnataka bus services face disruption from May 20 as transport unions call indefinite strike after wage revision talks fail. Unions demand 25% hike from Jan 2024; govt offers 12.5% from Apr 2025.
UP Plans 600 New Liquor Shops to Boost Revenue in 2026-27
Uttar Pradesh's excise department plans 600 new liquor vends to cover expanding residential areas, aiming to boost revenue and offset losses from exiting retailers.
MP Petrol Tax Burden: Families Pay Over Rs 20,000 Yearly
Madhya Pradesh's high petrol tax, third-highest in India, costs a typical Bhopal family over Rs 20,000 annually, impacting household budgets and driving up prices of goods.
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SEBI Chief: Indian Markets Resilient Amid West Asia Crisis
SEBI chairman Tuhin Kanta Pandey stated that Indian markets remain resilient despite West Asia tensions, with manageable volatility. He announced a new SEBI office in Bhubaneswar and urged Odisha to explore municipal bonds.
ED Reschedules PSPCL Officials' Appearance in Arora Case
The Enforcement Directorate has rescheduled the questioning of PSPCL CMD Basant Garg and director Harsharan Kaur Trehan in a money-laundering probe linked to arrested Punjab minister Sanjeev Arora.
Bhubaneswar Bus Strike: 50,000 Hit, Services Resume After Pay Promise
Over 50,000 commuters faced disruption as 125 Ama Bus services remained off road for 10 hours due to a protest by ticket conductors over unpaid salaries. Services resumed after Crut intervened.
Habitual Offender Arrested for Hyderabad House Burglary
Begum Bazar police arrested a 20-year-old habitual offender for a house burglary in Goshamahal, recovering gold ornaments and cash worth nearly ₹30 lakh.
Widow Entrepreneur Files Complaint Over Rs 7 Crore GST Fraud
A widowed entrepreneur in Mumbai filed a police complaint after an acquaintance fraudulently took control of her GST account, causing Rs 7 crore in dues via fake invoices.
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Saleswoman, Lover Held in Rs 1.66 Crore Jewellery Theft
A saleswoman and her boyfriend were arrested for stealing gold and diamond jewellery worth Rs 1.66 crore from an Ahmedabad showroom. The theft was planned to fund their new life together.
Jaipur tribunal dismisses fake accident claim, orders action
Jaipur MACT dismissed a compensation claim for a 2018 accident, ruling the vehicle was falsely implicated to secure insurance benefits. Action ordered against IO, owner, and driver.
Bihar's CD Ratio Hits 60.21% in FY26, a First
Bihar's credit-deposit ratio reached 60.21% in FY26, crossing the 60% mark for the first time. Deposits rose to Rs 6.15 lakh crore and loans to Rs 3.71 lakh crore, reflecting stronger economic activity.
Green Card Risks: Taxes, Stay Rules, and Exit Penalties
An immigration attorney warns that a US Green Card comes with strict obligations like worldwide income tax, physical presence rules, and hefty penalties for non-compliance.
Halifax Brand to Be Retired After 170 Years in Major Lloyds Shake-Up
Lloyds Banking Group is reportedly retiring the Halifax brand by October 2025, transitioning customers to Lloyds Bank. The move ends a 170-year legacy and reverses a 2011 promise to maintain separate identities.
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Vita Milk Prices Hiked by Rs 1-24 Across Variants
Vita milk prices increased by Rs 1 to Rs 24 per litre across variants, effective May 20. The Haryana Dairy Development Cooperative Federation announced the revision due to rising input costs.
SC Grants Bail to Future Maker MD, Chairman in GST Case
The Supreme Court granted bail to Future Maker's MD and Chairman in a Rs 54 crore GST evasion case, citing no evidence of deliberate evasion and directing cooperation with investigation.
RBI Guv Malhotra: Monitoring Supply Shock, Inflation Impact
RBI Governor Sanjay Malhotra stated the central bank is closely watching supply shocks and their effect on inflation. The neutral stance since June 2025 provides flexibility to respond to data.
Egg Prices Surge in Guwahati Amid Rising Fuel Costs and Supply Gap
Egg prices in Guwahati have risen sharply due to increased fuel costs and heavy reliance on other states, as Assam produces only 10% of its egg demand.
RBI Appoints Gunveer Singh as Executive Director
The Reserve Bank of India has appointed Gunveer Singh as Executive Director to lead the Department of Payment and Settlement Systems, effective immediately.
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RBI Decides Against Activating Countercyclical Capital Buffer
The Reserve Bank of India has decided not to activate the countercyclical capital buffer (CCyB), citing current financial conditions do not warrant additional capital requirements for banks.
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