Buisiness

The rupee depreciated by 21 paise to close at 85.60 (provisional) against the US dollar on Tuesday, as a stronger greenback and persistent foreign fund outflows weighed on market sentiment.Forex traders said the domestic unit came under pressure due to negative trends in local equity markets and geopolitical uncertainties. Investors also remained cautious ahead of…

The working paper emphasises that India’s agricultural industry requires protective measures. (AI image) India-US trade deal: Following the US implementation of ‘reciprocal tariffs’, India ought to implement a two-pronged strategy, according to a NITI Aayog working paper. This involves reducing elevated tariffs on non-critical agricultural imports from the US, whilst tactically extending concessions in areas…

The Organisation for Economic Co-operation and Development (OECD) lowered its global economic growth forecast on Tuesday, citing the impact of a widening trade war driven by US President Donald Trump’s tariff policies. The Paris-based organization warned that these measures, particularly new tariffs, are set to significantly slow the world economy, with the United States expected…

NEW DELHI: An Indian-origin UC Berkeley graduate has sparked a debate about the startup funding ecosystem after claiming he received responses from 27 venture capitalists—four of whom asked for a meeting—by posing as a fake founder with no real product or pitch, but with the right mix of elite buzzwords.Bhavye Khetan, who earned a bachelor’s…

The Trump administration appears to be in a rush to finalise trade agreements before its self-imposed deadline expires. (AI image) The Donald Trump administration has issued a new ultimatum to countries to share their best offers on trade deals by Wednesday, five weeks ahead of the day when the reciprocal tariffs are set to kick…

Yes Bank’s stock is expected to attract attention today as its board convenes to discuss potential fundraising initiatives. (AI image) Yes Bank share price today: Yes Bank shares plummeted 7.4% to Rs 21.55 during early trading hours on Tuesday following reports of 3% equity changing ownership through multiple block deals in the day’s session.Reports from…

Considering the ongoing US-China tension and weakness in the US Dollar Index, it is advisable to buy the dips with stoploss below $3,325/$3300. (AI image) Gold price prediction today: Gold rates have shown considerable volatility recently, without establishing a definitive trend in either direction. International developments, particularly the trade tariff decisions by Donald Trump and…

The Walt Disney Company is cutting several hundred jobs across its film and television divisions, a Disney spokesperson confirmed to USA TODAY. The layoffs, which formally took effect on Monday, June 2, impact departments involved in marketing, publicity, casting, development, and parts of corporate finance. No entire teams are being dissolved, the company said.A Disney…

PARIS: TotalEnergies has said that it intends to back Adani Green’s expansion while lining up further investments in India.“On the renewable side, we continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity. So, we will continue to support this growth,” Total Energies chairman and CEO Patrick Pouyanne said after…

H D Kumaraswamy (File photo) NEW DELHI: Europe’s Mercedes Benz, Skoda-Volkswagen (VW) and South Korea’s Hyundai and Kia have shown interest to manufacture electric vehicles (EVs) in India, heavy industries minister H D Kumaraswamy said Monday. He added that India is likely to see only a “minor impact” from US plan to hike tariffs on…