Canadian Dollar Posts Biggest Weekly Gain Since May
The Canadian dollar surged 1.5% this week, its strongest weekly performance since May, driven by broad U.S. dollar weakness and positive domestic retail sales data.
Category : Business
Rupee Weakness, FII Selling Pull Sensex Down 770 Points
Indian stock markets plunged on Friday with Sensex falling 770 points and Nifty dropping 241 points due to rupee depreciation, geopolitical concerns, and sustained foreign institutional selling.
Rupee Falls, RBI Eases Liquidity as Forex Reserves Top $700 Billion
The Indian rupee fell to a new low against the dollar while RBI injected liquidity and forex reserves crossed $700 billion, highlighting policy balancing acts amid foreign outflows and global pressures.
Hedge Funds Return to US Treasury Swap Spread Strategy
Traders are aggressively re-entering the swap spread widener trade, betting on US Treasuries outperforming interest rate swaps. The strategy regained momentum after geopolitical tensions eased, with the 30-year spread hitting its widest since December 202
Courtyard Banking: India's Pre-Nationalization Financial Trust
Before India's 1969 bank nationalization, public trust in formal banking was alarmingly low, with community-based courtyard systems serving as the primary financial backbone for millions.
India's 161 Exhibitors to Highlight Agri-Food at Gulfood 2026
India will present its diverse agricultural and food ecosystem through 161 exhibitors at Gulfood 2026 in Dubai, aiming to boost exports and global partnerships.
Budget 2024 to Prioritize Domestic Economy Amid Global Risks
Ashika Group CEO Rahul Arora predicts India's upcoming budget will be inward-looking, emphasizing domestic growth and stability to counter global economic uncertainties and geopolitical tensions.
Sensex Slumps 770 Points, Nifty Below 25,050
Indian stock markets witnessed a sharp decline as the BSE Sensex plummeted by 770 points and the Nifty 50 fell below the 25,050 mark, driven by global cues and domestic concerns.
Silver Hits $100/Oz, Gold Nears $5,000 in Historic Rally
Silver prices surged past $100 per ounce for the first time ever on Comex, while gold approached $5,000/Oz. Domestic MCX futures hit record highs amid geopolitical tensions and strong industrial demand.
Chilli Prices Surge in Andhra Pradesh, Impacting Farmers and Traders
Chilli prices have surged sharply in Andhra Pradesh's markets, offering relief to farmers but raising concerns among traders and consumers. Strong export demand and limited arrivals have driven prices to multi-year highs at Guntur Mirchi Yard.
First Citizens BancShares Slides on Downbeat Interest Income Outlook
First Citizens BancShares shares fell over 9% after projecting 2026 net interest income below Wall Street expectations, citing Federal Reserve rate cuts as key pressure on regional bank margins.
Trichy: Unions, Farmers Plan Feb 12 Strike Against Govt Policies
Central trade unions and farmers' groups held a state-level conference in Trichy, passing six resolutions against government policies they call anti-worker and anti-farmer, and mobilizing for a nationwide strike on February 12.
Delhi's Narela to Get World-Class Sports Complex
Delhi Development Authority (DDA) will soon begin work on a world-class multi-sports complex in Narela, featuring Olympic-standard facilities, a hospital, and a hotel, with completion expected in three years.
IndiGo May Withdraw Dubai-Bhubaneswar Flight, Odisha Tourism Concerned
Hotel and Restaurant Association of Odisha urges CM Mohan Charan Majhi to intervene as IndiGo considers withdrawing Dubai-Bhubaneswar flight, threatening tourism growth in the state.
Indian Seafarers Most Abandoned Globally for 3rd Year
Indian seafarers remain the most abandoned worldwide in 2025, with 1,125 cases marking a 25% increase from 2024. Global abandonment hits record highs, highlighting systemic issues in maritime labor.
Punjab Secures Rs 1,003 Crore Steel Investment
Punjab's industries minister announces a major greenfield investment by AISRM Multimetals to establish a state-of-the-art steel manufacturing facility in Ludhiana district, creating over 920 jobs.
Gaya Chamber Seeks Direct Trains to Mumbai, Bengaluru & ROBs
Central Bihar Chamber of Commerce urges East Central Railway to introduce direct trains from Gaya to Mumbai and Bengaluru, citing rising passenger demand. Also demands speeding up road overbridge construction on key routes.
Udupi Fruit & Flower Show Honors Padma Shri Thimmakka
Udupi's district-level fruit and flower show, themed on Padma Shri Saalumarada Thimmakka's life, runs Jan 26-28 at Shivalli Horticulture Farm. Features 7,000 plants, technical sessions, and displays.
Punjab Rainfall Boosts Wheat, Farmers Told to Stop Irrigation
Light to moderate rainfall across Punjab provides crucial moisture for rabi wheat crop. Agricultural experts advise farmers to halt irrigation and monitor for pests as more showers are forecast.
Bihar's 7 National Waterways to Become Major Transport Hub
Bihar government announces development of seven national waterways including Ganga to boost trade, reduce transport costs by 30-40%, and create employment through new training institutes.
Gaya Village Mourns Six in Chhattisgarh Kiln Blast
Tragedy strikes Gotibandh village in Gaya as six migrant workers die in a sponge-iron plant explosion in Chhattisgarh. Families left devastated, with Union Minister promising compensation and investigation.
India's Semiconductor Production to Start in 2026
Union Minister Ashwini Vaishnaw announces India is on track to begin commercial semiconductor chip production by 2026, marking a major milestone in the nation's tech self-reliance journey under the India Semiconductor Mission.
Power Ministry Concludes Strategic 'Chintan Shivir'
The Ministry of Power successfully concluded a two-day 'Chintan Shivir' focused on enhancing India's energy infrastructure and policy frameworks. Key discussions included renewable integration, grid stability, and sustainable power solutions for economic
Mercedes-Benz Expands in Bengaluru, Young Wealth Drives Demand
Mercedes-Benz is expanding its presence in Bengaluru, driven by rising demand from young, affluent professionals in India's tech hub, signaling strong luxury car market growth.
IndusInd Bank: CV & Microfinance Drive Recovery Strategy
IndusInd Bank's CEO Rajiv Anand outlines plan to regain growth through commercial vehicle and microfinance portfolios while addressing past accounting issues and leadership changes in Mumbai.
Shivamogga Landslide Disrupts NH 69, Underpass Delays Mount
A recurring landslide at the NH 69 underpass site near Shivamogga has caused major traffic chaos, highlighting 4 years of construction delays and safety concerns ahead of monsoon.
Mercedes-Benz Expands Network in India Amid Youth Demand
Mercedes-Benz India announces a significant network expansion plan, targeting 20 new outlets by 2025, driven by rising demand from young Indian professionals and entrepreneurs.
Four Trains Shift to Adityapur Station from Feb 5
South Eastern Railways announces four trains, including two express trains, will terminate at Adityapur railway station starting February 5 to reduce congestion at Tatanagar station, which is being developed as a model station.
Assam's Longest Flyover to Open by March
The 5-km Maharaja Prithu Flyover in Guwahati is in final construction stages, expected to open by March. It will enhance Ambari-Bamunimaidam connectivity.
Silver Hits $100/Oz, Gold Nears ₹1.6 Lakh in India Markets
Silver prices surged past $100 per ounce for the first time ever on Comex, while gold approached ₹1.6 lakh per 10gm in India. Analysts cite geopolitical tensions, weak dollar, and industrial demand as key drivers.
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