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Sunday, November 9, 2025
TopicReuters

Topic: Reuters

Rupee in narrow trading range, may inch higher ahead of US consumer inflation data

The rupee dropped to a record low of 82.6825 on Monday, but has managed to recover slightly, thanks to likely intervention by the Reserve Bank of India, which offset trading volatility.

UK still wants free trade deal with India by Diwali, says working on ‘this high ambition’ pact

The target to sign the free trade agreement that would "put the UK at the front of the queue to supply India's growing middle class" by Diwali was set by former PM Boris Johnson.

Byju’s to cut 2,500 staff, aims for ‘sizeable savings’ & profitability by March 2023

In May, the company reported a loss of Rs 4,564 crore ($554.77 million) for fiscal 2021 due to higher promotion and employee expenses.

To curb rupee’s decline, RBI asks local banks to not build positions in offshore markets

This is a step back from the directions it issued in 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.

India to permit export of broken rice backed by letters of credit issued before sudden ban

This move will help traders ship 3,97,267 tonnes of broken rice as the export ban on 8 September trapped nearly 1 million of the grain.

Biden doubts Putin would use nuclear weapon as Ukraine pleads for increase in military aid

NATO Secretary General Jens Stoltenberg told reporters that the military alliance has not noticed any change in Russia's nuclear posture following the threats.

India’s green energy firms join hands to develop carbon credit market

Adani Greens, EKI Energy Services and Hero Future Energies are some of the names that will aim to act as mediator between govt and industry and facilitate trade of carbon credits.

Musk’s SpaceX to seek govt permit for Starlink internet services in India, report says

SpaceX will also seek statutory nods for landing rights & market access. However, earlier this year, Modi govt asked Starlink to refund all pre-orders until it received licences to operate.

Sitharaman foresees energy price & availability as India’s biggest short-term challenges

Finance Minister Nirmala Sitharaman notes that if natural gas goes beyond the country's means, they will have to revert to coal.

Chinese carmaker BYD to launch first passenger EV in India amid global push

BYD, which already sells electric buses and electric vehicles (EVs) for corporate fleets in India, will launch its Atto 3 electric SUV in India, giving competition to Tata Motors.

On Camera

Saudi oil power is waning. What this means for its ties to the US

There’s little doubt that Saudi Arabia contributed to its own problems, driven by leadership hubris and poor advice. The Line is a case in point.

In NCLAT’s WhatsApp ruling, reminder of India’s cautious view of competition disputes involving Big Tech

WhatsApp privacy policy case is among a string of matters involving practices like restrictive platform rules, pricing & billing policies, reflecting India’s tight scrutiny of market dominance.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.