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Rupee recovers marginally after falling to record low

The rupee recovered to 70.23 after it plunged to 70.32-33 -- the lowest ever mark -- against the greenback on the back of an apparent intervention by the Reserve Bank of India (RBI).

4 hours ago

China lodges complaint with WTO over legalities of US policies

China said that they required the WTO's intervention because the imposition of tariffs and subsidising the renewable energy firms have distorted the global markets.

1 day ago

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India's wholesale inflation eases to 5.09% amid lower food prices

On a sequential basis, the expenses on primary articles, which constitute 22.62 percent of the Wholesale Price Index's total weightage inched up by 1.73 percent, from an increase of 5.30 percent in June 2018.

2 days ago

Gold stabilises as dollar pulls back from 13-month high

Gold prices traded steady on Tuesday, but hovered close to an 18-month low, as the US dollar pared gains after posting a 13-month high in the previous session.

2 days ago

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Rupee hits a new low at 69.62 per dollar amid political crisis in Turkey

The Indian currency hit a record low as the political-economic crisis in Turkey creates panic.

3 days ago

Satya Nadella offloads $35.9 million in Microsoft stock; biggest sale in his tenure as CEO

Microsoft CEO Satya Nadella, whose annual base salary last year was $1.45 million and total compensation exceeded $20 million, is required to have 15 times his base salary in stock.

5 days ago

Swedish furniture giant IKEA opens store in India with shocking sales record in just 2 days

The Swedish furniture giant has opened its first store India at Hyderabad. The day-1 and day-2 sales are just mindblowing.

5 days ago

Rupee predicted to trade at 68.22 per dollar in a year; will hit a major low

The battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets, a Reuters poll found.

5 days ago

New US sanctions hit Russian market; rouble hits two-year low

The Russian currency is on track for its deepest weekly fall since early April when it lost 6.7 percent.

6 days ago

Sensex crosses 38,000 mark; Nifty50 nears 11,500 at record high

Positive domestic political cues lifted the Indian equity indices to new record highs on Thursday.

7 days ago

Walmart's Flipkart acquisition for $16 billion cleared by Competition Commission of India

Bentonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion in the biggest deal for India's e-commerce sector, which Morgan Stanley estimates will grow close to an annual $200 billion in a decade.

7 days ago