India's Akasa Air seeks $110M for expansion, while Malaysia's AirBorneo launches international service, both growing despite high jet fuel prices and Middle East conflict, signaling smaller Asian carriers' growth amidst larger airlines' capacity issues.
The Bombay High Court rejected a woman's plea for Rs 1 lakh monthly interim maintenance from her estranged husband, ruling that her high income of USD 8,700 monthly and professional qualifications in the US negate the claim, despite arguments of high living costs abroad. The court emphasized that maintenance under Section 24 of the Hindu Marriage Act is for financially weaker spouses.
The Indian rupee gained 0.1% against the US dollar on Thursday, opening at 96.49, despite facing pressure from rising crude oil prices. Traders expect continued strain, with the Reserve Bank of India (RBI) intervention anticipated to limit sharper losses. Geopolitical tensions are driving oil prices higher, offsetting previous RBI measures.
Pakistan has quietly approached the Trump administration for a $10 billion "exchange stabilization facility" to bolster its fragile economy and foreign exchange reserves. The unusual five-year facility, if approved, would strengthen ties with the nuclear-armed nation and provide the US leverage against China's growing influence.
The Indian Rupee depreciated 39 paise against the US dollar, opening at 95.72 and falling to 95.77 due to soaring crude oil prices and escalating Middle East tensions. Concerns over global crude supply disruptions, fueled by Iran's actions in the Strait of Hormuz, dampened market sentiment.
Delhi Chief Minister Rekha Gupta requested Rs 100 crore from the central government for the first phase of the PM-UDAY scheme, which aims to grant property rights to residents of 1,511 unauthorized colonies in Delhi. The funds will support land surveys, establishment of dedicated cells, and awareness campaigns.
Apurva Shrivastava, an Indian-origin MIT engineer, co-founded Avoca with Tyson Chen, an AI answering service for home businesses. The company, valued at $1 billion, uses AI voice agents to book appointments and follow up on leads, addressing the critical issue of missed calls for small contractors.
India's central bank is unwinding its massive short dollar forward position, built to support the rupee. Managing this unwind carefully is crucial to avoid currency market destabilization, as premature scaling back risks diluting positive impacts of foreign capital inflows.
India's central bank is carefully unwinding its massive short dollar forward position, built to support the rupee. The challenge lies in managing the pace to avoid currency market destabilization, as forecasters predict continued pressure on the Indian currency.
Samsung's next Galaxy Unpacked event is set for July 22 in London, themed "A New Shape Unfolds." The event will likely unveil the Galaxy Z Fold 8, Z Flip 8, and a new Z Fold 8 Ultra, alongside potential new smart glasses. India pre-reservations are open.
The Indian Rupee has depreciated nearly 9% against the USD since early 2025, facing headwinds from equity valuations, AI theme exclusion, and geopolitical tensions. The RBI has intervened heavily, selling $87 billion and increasing its short forward book. Measures like tax removal and FCNR deposits aim to attract capital, but a proposed FX cash reserve ratio could resolve currency leads and lags without altering interest rates.
The Indian Rupee opened weaker against the US dollar on Wednesday, trading at 95.15 and falling to 95.16. This decline is attributed to rising crude oil prices and a strengthening US dollar following fresh military actions involving the US and Iran. A weak opening in domestic stock markets also contributed to the currency's dip.
The NCDRC ordered Mahindra and its dealer to replace a customer's Marazzo engine free of cost and pay Rs 1 lakh compensation, rejecting their claim of bad fuel causing damage due to inconsistencies in the lab report.
The Indian Rupee strengthened by 15 paise against the US dollar on Tuesday, opening at 95.33 and reaching 95.28. This rise was attributed to lower crude oil price expectations, particularly Saudi Arabia's significant price cut for Asian buyers, and reduced Middle East risk premium.
The Indian Rupee opened weaker at 95.25 and slipped 10 paise to 95.28 against the US dollar in early trade Monday. A stronger dollar overseas and global development uncertainty pressured market sentiment, with analysts citing underlying weakness despite favorable cues like falling oil prices.
The Indian rupee hit a record low of 96.96 against the US dollar on May 20, prompting sustained intervention by the Reserve Bank of India (RBI), which widened its net short forward position to $106.6 billion. The currency has since recovered, aided by anticipated foreign capital inflows.
India's USDT premium surged above 8.5% to INR 102.88, reflecting a shortage of dollar-linked crypto liquidity due to enforcement pressure from the Enforcement Directorate over alleged unauthorized USDT-based remittances.
The Reserve Bank of India has revamped its FCNR(B) scheme to attract foreign capital, allowing Indian banks to route overseas deposits and removing currency/credit risks for lenders. This aims to boost NRI deposits by offering attractive fixed rates.
The Indian rupee fell 30 paise to close at 94.63 against the US dollar on Monday, influenced by a strong dollar and Middle East tensions. Forex traders noted volatile trading, with inflows offset by dollar strength and peace deal uncertainty.
A weakening Indian rupee, rising costs, and uncertain job prospects are causing many Indian students to reconsider studying abroad, impacting traditional destinations like the UK and US, while European countries like Germany and Italy gain traction.
The Indian Rupee gained 20 paise against the US dollar in early trade on Friday, reaching 94.20. Optimism surrounding an India-US trade agreement, coupled with improved foreign inflows and lower crude oil prices, fueled the recovery from its previous all-time closing low.
The Indian Rupee opened lower against the US dollar, falling over 20 paise to 94.71 due to the Federal Reserve's hawkish policy stance and a stronger global dollar. Despite this, market sentiment was boosted by a potential US-Iran agreement and ongoing trade talks between India and the US.
Crisil reports Indian airlines' operating profits may drop 10-15% this fiscal due to high ATF prices, airspace restrictions, and rupee depreciation amid the Middle East conflict, despite potential easing in fuel prices.
The Indian Rupee strengthened significantly against the US dollar, gaining over 30 paise to reach 94.29. This recovery is attributed to falling crude oil prices and a weaker dollar index, with markets anticipating the US-Iran framework agreement.
