Articles liés
Rupee Weakens 10 Paise to 95.28 Against US Dollar Amid Global Uncertainty
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.
India's Auto Sector Sees Robust Growth in June, Led by Passenger Vehicles and Alternative Fuels
India's auto sector experienced significant growth in June, with passenger vehicle sales up 28.63% and the overall industry rising 21.83%. Alternative fuel vehicles, including EVs, saw a remarkable 40.35% increase. Rural areas outperformed urban centers in passenger vehicle sales.
Iran in Talks with Japanese Firms for Oil Sales Under US Sanctions Waiver
Iran has initiated discussions with Japanese companies for potential oil sales, facilitated by a U.S. sanctions waiver set to expire on August 21. Buyers are seeking an extended waiver and improved shipping safety assurances due to concerns in the Strait of Hormuz, with insurance remaining a key hurdle.
Fintech Startup Navi Ltd. Eyes IPO by March 2027 to Raise Rs 3,000 Crore
Fintech startup Navi Ltd., cofounded by Sachin Bansal, is planning an IPO by the March quarter of 2026-27 to raise Rs 3,000 crore. The offering may include fresh capital and an offer for sale, with Kotak Investment Banking advising on the process.
India's Top IT Firms Widen CEO-Median Pay Gap Amid Industry Slowdown
Four of India's largest IT firms, including TCS and Infosys, increased the pay gap between their CEOs and median employees in FY26. This widening occurred despite muted salary growth for the broader workforce due to an industry slowdown.
Energy Transition Attracts Venture Capital Amid Rising AI Power Demand
Venture capital and private equity firms are increasingly investing in energy transition startups focused on clean energy, grid infrastructure, batteries, and industrial decarbonization, driven by the growing power demands of AI.