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rupee hit a fresh record low level on Thursday, closing at 84.49 per US dollar, due to outflows from local stocks that were dragged further down due to weakening of Adani group shares and the safe-haven dollar demand from foreign investors. The rupee closed at its all-time low of 84.4925 per US dollar, down nearly 0.1% on Thursday. On an intraday basis, the local currency touched a record low of 84.495/$1, LSEG data showed.

Subscribe to enjoy similar stories. No incentive, won’t buy. That appears to be the message coming through from dismayed consumers in Delhi after the state government failed to renew road tax and registration benefits on electric cars and two wheelers this September.

Bitcoin (BTCUSD) briefly surged past $99,000 Thursday, creating another price record as investors, big and small, can't seem to get enough of the cryptocurrency.

The prominent pollutant was PM2.5-fine particles with a diameter of 2.5 micrometers or less, roughly the width of a human hair. These particles can penetrate deep into the lungs and enter the bloodstream, posing significant health risks, according to the Central Pollution Control Board.

Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market

Subscribe to enjoy similar stories. You’ll rarely meet a fan of Avenged Sevenfold (A7X) who doesn’t go gaga over their music. And every concert of theirs becomes a calendar event.

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Subscribe to enjoy similar stories. Can the postelection market rally continue? Some on Wall Street are skeptical. Investors cheered the unexpected Republican sweep of the presidency and both houses of Congress, salivating over the potential for new pro-business policies.

public transport to minimise vehicular pollution. «These measures may be adopted by ministries/departments/organisations as per their functional requirements ensuring that it should not have an adverse impact on efficiency and productivity in any manner,» the order read. Given the severe-plus air pollution levels in Delhi, various ministries, departments and organisations of the central government are advised to adopt staggered timing in respect of offices located in the Delhi-National Capital Region, it said.

dollar inflows into local stocks and bonds and curbed the rupee from excess appreciation. The rupee appreciated 0.1% in September boosted by strong risk appetite following the US Federal Reserve's outsized 50 bps rate cut. However, the currency's upside was limited due absorption of dollar inflows by the Reserve Bank of India.

According to the latest Janus Henderson Global Dividend index, dividends were up 3.1% in Q3 year-on-year on both a headline and underlying basis, with 88% of companies globally maintaining or raising payouts. However, low levels of special dividend payments held back the headline growth rate by more than expected in the third quarter while material cuts by five companies dragged down the growth rate by 3.5%. This was mainly attributed to Evergreen Marine in Taiwan and Glencore in the UK, whose payout reductions impacted the Q3 growth rate by 3.4% between them. Global dividends surg...

UK borrowing – which is the difference between public sector spending and income – was £17.4bn last month, the second highest October borrowing since monthly records began in January 1993, according to data from the Office for National Statistics. The previous October high was set in 2020 in the midst of the Covid-19 pandemic when levels hit £18.2bn. Hike in energy prices pushes inflation above BoE target at 2.3% in October This was also an increase on September's value, when the government borrowed £16.6bn. Last month's figures came in £1.5bn higher than the £15.1bn borrowing f...

In a shocking case of cybercrime, a 59-year-old senior executive at a Mumbai-based software company lost ₹6.29 crore to fraudsters impersonating CBI officials, ToI reported. The incident, recorded as the largest online fraud case by the Pune Cyber Police, unfolded between November 9 and November 14 at the victim’s residence in Pashan, Pune. Police revealed that the crooks kept the victim under «digital arrest» for five days, using the pretext of verifying alleged money laundering transactions linked to his mobile number. «The victim, who will retire from service in the next six months, was thoroughly disturbed when he approached us with a complaint,» said Deputy Commissioner of Police (Cyber) Vivek Masal. «We took him into confidence and counselled him into lodging a complaint and registered an FIR. A police team has been formed to analyse the audio-video calls between the crooks and the victim and details of the bank accounts where money was transferred to establish the money trail.»

API Holdings Limited, recorded a revenue of Rs 5,664 crore in FY24, a decline of 14.7% compared to Rs 6,644 crore in FY23. The Mumbai-based company reported a net loss of Rs 2,533 crore, an improvement from the Rs 5,212 crore loss in FY23, driven by a reduction in goodwill impairment charges to Rs 582 crore from Rs 2,826 crore in FY23. Sales of medicines (goods) for FY24 were Rs 5,008 crore, while revenue from lab tests and other services stood at Rs 652 crore. PharmEasy published these numbers on its website.

tariff increases and seek to avoid labor-related disruptions at alternate ports. “The Port of Los Angeles handled a robust 905,000 container units in October,” Executive Director Gene Seroka told reporters on Wednesday. That’s a 25% gain over last year and is the first time the port handled more than 900,000 containers for four months in a row. “Los Angeles processed more cargo between July and October than we did during our peak year in 2021 or our second-best year in 2022,” Seroka said.

Sensex and Nifty 50, opened in the red on Thursday, weighed down by declines in Adani stocks following the indictment of Adani Group’s billionaire chairman in New York, over his alleged involvement in a multibillion-dollar bribery and fraud scheme. The BSE Sensex was trading 765 points, or 1%, lower at 76,813. The Nifty50 was down 218 points, or 0.93%, trading at 23,299 around 9:42 am.

crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $94,291 just under a record high of $94,378.

small-cap stocks appear to have held up better in the recent risk-off sentiment than on other similar occasions in the past. An ET study comparing the current selloff with some previous ones showed that the number of stocks that fell over 30% amid the current 10% decline in the Nifty since September 27 is lower than in earlier instances. The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.

Subscribe to enjoy similar stories. When a master strategist makes a move, the market takes notice. According to data from Screener.in, a platform that tracks substantial holdings by top investors, one of India’s “Warren Buffetts," known for his Midas touch in small and midcap stocks, has quietly added a new stock to his portfolio.

One of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme

Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the Insolvency Resolution Process for Corporate Persons Regulations, 2016 and to make it mandatory to form monitoring committees to oversee implementation of resolution plans under the bankruptcy code. While the current framework under Regulation 38 of the CIRP Regulations provides certain basic recognition to monitoring committees, the proposed amendments aim to make their constitution mandatory for implementation of all resolution plans, the bankruptcy regulator said in a discussion paper. The proposed framework will empower the Committee of Creditors (CoC) to take final decisions on the constitution, composition, and functioning period of the monitoring committee, as part of the resolution plan.