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The decline accelerated on Wednesday, with the currency falling nearly 0.5% to 96.8450 per dollar, within sight of its all-time low of 96.961 min read Last Updated : Oct 07 2026 | 1:58 PM ISTIndia’s foreign exchange reserves fell for a fourth consecutive week to $734.6 billion, according to a footnote to Reserve Bank of India Governor Sanjay Malhotra’s statement.The reserves have dropped from their recent peak of $785.71 billion on September 4, a decline of about $50 billion in less than a month.The drawdown reflects the RBI’s dollar sales in the spot market to smooth the rupee’s decline, alongside…
Shares of SpiceJet dropped over 2 per cent to ₹9.10 apiece in late afternoon trade on the BSE (Photo: Reuters)2 min read Last Updated : Oct 05 2026 | 3:56 PM ISTSpiceJet on Monday said DGCA’s regulatory monitoring should not be construed as a fresh finding of safety deficiencies against the airline.In a clarification to the BSE, the budget carrier, which has been facing operational and financial headwinds, said it was aware of the Directorate General of Civil Aviation’s (DGCA) regulatory monitoring.DGCA routinely undertakes safety audits, surveillance and spot checks of airlines as part of its regulatory oversight. SpiceJet has…
Indian golfer Pranavi Urs (PIC: Reuters)1 min read Last Updated : Oct 04 2026 | 11:08 AM ISTAsian Games individual gold medallist golfer Pranavi Urs will be awarded with Rs 1 crore by AM Green IGPL, the league announced on Saturday.Pranavi is the first Indian woman to win an Asian Games gold in golf.Additionally, the league will award Rs 25 lakh individually to the Indian women’s team of Pranavi, Aditi Ashok and Diksha Dagar for winning silver in the team event.Pranavi, 23, from Mysuru, finished on 15-under 265 at the Kasugai Country Club East Course, grabbing the gold.India had not…
Passengers and crew intervened to subdue the co-pilot and stabilise the plane | Photo: Wikipedia1 min read Last Updated : Oct 03 2026 | 12:48 PM ISTThe United Arab Emirates said on Saturday that the co-pilot on a FlyDubai flight that nearly crashed with 182 people on board attacked the captain with the cockpit’s crash axe in a “terrorist attack.” The UAE statement cited the attorney general as saying the co-pilot also tried to take control of the plane during Wednesday’s attack on the Israel-bound flight.Passengers and crew intervened to subdue the co-pilot and stabilise the plane. (Only the headline and picture…
The move is part of the company’s expansion beyond its eastern India stronghold, where it has also announced investments in states such as Odisha, West Bengal and Jharkhand1 min read Last Updated : Oct 02 2026 | 3:58 PM ISTIndia’s Shyam Metalics and Energy on Friday said it has signed a deal with the Maharashtra government to invest 500 billion rupees ($5.19 billion) to set up a steel plant in the western state.The integrated metal producer will build a 9 million-metric-tonnes-per-year greenfield steel complex in Chandrapur in the state’s Vidarbha region, the company said in an exchange filing.The project is…
Representative image for fund1 min read Last Updated : Oct 01 2026 | 4:08 PM ISTFirst Published: Oct 01 2026 | 4:08 PM IST
The country received 15 per cent less rainfall than normal between June 1 and September 13. (Photo: PTI)2 min read Last Updated : Sep 30 2026 | 3:18 PM ISTIndia recorded its lowest monsoon rainfall in more than a decade during the June-September season, as the El Nino weather pattern weakened rainfall, news agency Reuters reported. The country received 12.6 per cent less rainfall than the long-period average during the four-month monsoon season. The rainfall deficit makes this the weakest monsoon in India in more than a decade, with El Nino contributing to the below-average precipitation. According to the India Meteorological Department…
Sun Pharmaceutical Industries2 min read Last Updated : Sep 29 2026 | 3:58 PM ISTIndia’s Sun Pharmaceutical Industries is planning to raise around 100 billion rupees ($1.04 billion) via a rupee-denominated debt sale to partly fund a bridge loan it took to acquire US healthcare firm Organon & Co., three sources said on Tuesday.Bridge loans are typically short-term loans taken before acquisitions to provide financing for the deal, which can later be replaced with more permanent funding via bonds or loans.The country’s largest drugmaker by market capitalisation closed a syndication of a near-$12 billion, 18-month bridge loan earlier this year…
Ganesh Mani, CEO, Switch Mobility said, “This order is a strong testament to the growing confidence in electric mobility solutions for large-scale public transportation.”2 min read Last Updated : Sep 28 2026 | 3:56 PM ISTHinduja Group firm Switch Mobility on Monday said it has secured an order for 840 electric buses from Antony Road Transport Solutions under the first phase of the Centre’s PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The order comprises 420 9-metre and as many 12-metre AC electric buses for deployment with the Delhi Transport Corporation (DTC) and Transport Department, Delhi.With the deployment…
Representative Image: Shutterstock1 min read Last Updated : Sep 27 2026 | 1:22 PM ISTTwo separate mass shootings near South Africa’s two biggest cities killed at least 27 people, police said Sunday.The South African Police Service said 17 people were killed Saturday night when suspects armed with AK-47 rifles and pistols opened fire at a bar in Wedela township, southwest of Johannesburg.In a separate statement, police said 10 people were killed in a mass shooting at a store in Lwandle, near Cape Town, around 1 am Sunday.The two shootings come just days after a mass shooting at a house party…
Justice Kant stressed the need for a “child-sensitive response” to addiction to protect not only the child’s physical and mental well-being but also their dignity and sense of self-worth (Photo: PTI)1 min read Last Updated : Sep 26 2026 | 12:37 PM ISTChief Justice of India Surya Kant on Saturday said substance abuse among children must be understood as a child protection issue, rather than as a matter of public health concern.Delivering the Pataliputra Pragya Pravah lecture on ‘Childhood Beyond Drugs: Protection, Care and Reintegration’ at the Bihar Lok Bhavan here, Justice Kant cited a recent Lancet study to say…
Srinivas Injeti, Chairman, National Stock Exchange (NSE) | Image: KAMLESH PEDNEKAR1 min read Last Updated : Sep 25 2026 | 1:16 PM ISTIndia’s markets regulator should reconsider allowing exchanges to list on their own, NSE Chairman Srinivas Injeti said on Friday, a day after the bourse debuted on rival BSE at a valuation of about $47 billion.India does not allow exchanges to list on their own platforms, citing concerns over potential conflicts of interest.However, self-listing is permitted in several major global markets. In the United States for example, the New York Stock Exchange’s parent Intercontinental Exchange is listed and traded on the…