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…
MUMBAI: The war-led volatility in energy markets coupled with the risk of food inflation amid projections of below-normal monsoon rains this year could weigh on FMCG volume growth, Worldpanel by Numerator (formerly Kantar) said in its update on Wednesday. It estimated volume growth to drop to 3-4% if the situation doesn’t improve, as an unstable…
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…
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: 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…
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…
BENGALURU/DELHI/MUMBAI: The shelves began emptying even before Parle Products could quite understand what was happening. By Wednesday evening, searches on Melody, the caramel toffee by the Mumbai-based manufacturer of biscuits and confectionery, had jumped over 190 times on Google, while search strings like ‘Melody Modi’, ‘Meloni Melody’ all had ‘breakout’ tags on the search platform….
MUMBAI: Even as gold loans grew 50.4% in FY26 to emerge as the primary driver of retail credit, the home loan portfolio expanded only 9.4%, with growth largely led by higher ticket sizes, while credit card outstandings remained the slowest segment with flat year-on-year growth. According to a latest report by CRIF India, the March…
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…