Rupee Struggles Against Dollar as Inflation Hits Nine-Month High

The Indian rupee is hanging in there, slipping just 2 paise to 84.07 against the US dollar. Foreign fund outflows and climbing crude oil prices are keeping the currency on edge. Even with some backing from domestic equities, the rupee's struggling thanks to heavy selling by foreign investors and high retail inflation.

By Avi G

Crude Oil Futures Fell as Middle East Tensions Ease

Crude oil futures took a dip on Tuesday, thanks to reports that tensions in the Middle East are easing, especially around potential Israeli attacks on Iranian oil facilities. Brent futures slid to $75.13, while WTI dropped to $71.59. OPEC also cut its oil demand growth forecast for 2024, hinting at a possible slowdown.

By Avi G

Orange Alert in Tamil Nadu: Heavy Rain Predictions and Precautions

Chennai is gearing up for some heavy rain, and the government is making sure we're all set. They've shut down schools and advised everyone to work from home in Chennai and nearby areas because of the rain forecast. An orange alert is in effect as officials prepare for possible flooding. The IMD is predicting some serious rainfall over the next few days, so emergency measures are in full swing.

By Avi G

Hyundai Motor’s Historic ₹27,870-Crore IPO Open Today

Hyundai Motor India is kicking off its massive ₹27,870-crore IPO today, making it the biggest in India’s primary market history. The offer includes 14.22 crore shares priced between ₹1,865 and ₹1,960. With significant backing from global firms and local funds, the buzz around Hyundai's future in India is strong.

By Avi G

DMart Shares Dive 9%: What’s Behind the Decline?

DMart’s shares dropped by 9.3% in early trading today after their Q2 earnings report disappointed investors. Even though profits were up 8% compared to last year, they fell 12% from the previous quarter, leading to downgrades from several brokerages and showing that online grocery competition is heating up.

By Avi G

Security Tightens: Jaishankar Set to Attend Pakistan’s SCO Summit

S. Jaishankar, India’s External Affairs Minister, is gearing up to attend the SCO summit in Pakistan, joining other leaders like Chinese Premier Li Qiang and Russian PM Mikhail Mishustin. Although he’ll be at a welcome dinner hosted by PM Shehbaz Sharif, Jaishankar has made it clear there won't be any bilateral talks, underlining the ongoing tensions between India and Pakistan.

By Avi G

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