Rupee rises 10 paise against US dollar Rupee began Thursday on a positive note, recovering 10 paise to trade at 96.65 against the US dollar in early deals. The recovery comes amid likely intervention by the Reserve Bank of India, which may have helped the currency hold ground despite continued pressure from global and domestic…
Crude oil prices continue to rally Oil prices inched higher on Thursday as concerns over supply from the Middle East intensified amid a rise in attacks on vessels in the Gulf and the Strait of Hormuz.Brent crude was trading at $101.50 a barrel, up $1.32 or 1.32%, while WTI crude stood at $89.28, gaining $1…
Elon Musk says ‘oligarchs’ want to maintain a monopolistic chokehold NEW DELHI: Elon Musk has hit out at “certain oligarchs”, who he alleged were “blocking” Starlink’s entry into India.The trillionaire’s comments came on a day when Starlink, the company owned by him, said at India Mobile Congress (IMC) that it was ready to start service…
File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra arrives at a press conference in Mumbai (Picture credit: Reuters) MUMBAI: In a move that could hurt consumption during the festive season, mortgages and other loans are set to become more expensive, while deposits will start yielding higher returns in a few weeks, with Reserve…
Iraq devalues its currency Iraq’s dinar has taken a step down against the US dollar, with the country officially resetting its exchange rate from around 1,300 dinars to 1,500 dinars per dollar. But in the market, the dollar is already fetching more than 1,700 dinars.The new official rate was decided at a Cabinet meeting on…
The Reserve Bank of India (RBI) has enabled interoperability between account aggregators. (Image for representative purpose only) Soon, your Consolidated Account Statement (CAS) will reflect details from your mutual funds, insurance, banks and fixed deposits.The Reserve Bank of India (RBI) has enabled interoperability between account aggregators (AAs), a move that will allow customers to share…
The Kerala High Court observed that the grandmother could not be expected to make such unreasonable demands. (Image for representative purpose only) Is a woman entitled to seek maintenance from her granddaughter and late son’s widow if she herself already receives pension? In a recent judgement, the Kerala High Court has ruled that a grandmother…
Does the repo rate hike mean an automatic increase in your loan EMIs? The Reserve Bank of India has announced a repo rate hike to keep inflation under check. But already faced with higher costs of daily essentials, Indian households have to now contend with paying higher EMIs for their loans.The US-Iran war has fed…
The man, a doctor in Mumbai, owns a ground-floor unit in Building No. 1 of the housing society. (Image for representative purpose only) You default on the maintenance dues for the housing society you are living in. Should you be labelled as a defaulter? In one such case a man has secured interim protection from…
Starlink has completed a major ground infrastructure in India, with 20 gateway sites and hundreds of antennas already in place as the satellite communications company prepares to serve the Indian market.Lauren Dreyer, vice president, Starlink business operations, SpaceX, said at India Mobile Congress 2026 that the company has also developed security controls specifically for the…
