Rupee Ends 5 Paise Lower at 87.58; Stronger Dollar Index, Oil Prices Weigh

Rupee Ends 5 Paise Lower at 87.58; Stronger Dollar Index, Oil Prices Weigh

New Delhi, Aug 25 (HS): The Indian rupee ended marginally weaker against the US dollar on Monday, closing 5 paise lower at 87.58 (provisional) after a firm opening, as rising crude oil prices, a stronger dollar index, and sustained foreign investor outflows weighed on the currency. The rupee had started the day on a positive…

Banking sector must grow 3-3.5 p.p. to achieve Viksit Bharat mission: Report

Banking sector must grow 3-3.5 p.p. to achieve Viksit Bharat mission: Report

New Delhi, Aug 25 (IANS) For India to meet its Viksit Bharat targets, banking assets need to grow at 3.0–3.5 percentage points faster than its nominal GDP, a report said on Monday. Currently, economies and their banking sector operate in a complex, multipolar world with volatile trade flows, shifting supply chains and geopolitical risks, and…

Sinquefield Cup: Praggnanandhaa Holds Duda, Shares Second Spot Despite Fifth Consecutive Draw

Sinquefield Cup: Praggnanandhaa Holds Duda, Shares Second Spot Despite Fifth Consecutive Draw

St. Louis (USA), Aug 25 (HS): Indian Grandmaster R. Praggnanandhaa played out his fifth straight draw, this time against Poland’s Jan-Krzysztof Duda in the sixth round of the Sinquefield Cup, part of the Grand Chess Tour. With 3.5 points from six games, the 19-year-old remains in joint second place. American GM Fabiano Caruana continues to…

RBI Governor Urges Banks, Corporates to Accelerate Investment Cycle

RBI Governor Urges Banks, Corporates to Accelerate Investment Cycle

-Calls for joint push to revive entrepreneurial spirit, ensure financial and price stability New Delhi/Mumbai, Aug 25 (HS): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday urged banks and corporates to work together in boosting fresh investments and reviving the country’s entrepreneurial spirit. Addressing FIBAC 2025, jointly organised by the Federation of Indian…

India’s tyre industry projected to see robust growth in current fiscal

India’s tyre industry projected to see robust growth in current fiscal

New Delhi, Aug 25 (IANS) Driven by consistent investments in capacity expansion, improved manufacturing efficiency and a stronger focus on R&D capabilities, India’s tyre industry is projected to see a robust growth in the current fiscal (FY26). According to sector leaders, citing industry data, the domestic tyre industry is expected to achieve strong growth on…

Centre Invites Nominations for National Youth Award 2024; Deadline Extended to September 30

New Delhi, August 25 (HS): The Ministry of Youth Affairs and Sports has invited online nominations for the prestigious National Youth Award (NYA) 2024, which honours exceptional contributions by individuals and organisations in the fields of national development and social service. The awards—presented annually during the National Youth Festival—aim to motivate young achievers between 15…

MP Congress chief questions CM Yadav’s leadership, accuses him of image building

MP Congress chief questions CM Yadav’s leadership, accuses him of image building

Bhopal, Aug 25 (IANS) Madhya Pradesh Congress President Jitu Patwari, on Monday, launched a targeted scathing attack at Chief Minister Mohan Yadav, accused him of failing to take any concrete step to control crime in the past two years in the state. Addressing a press conference at his residence in Bhopal, Patwari claimed that Madhya…

Four Journalists Among 15 Killed in Israeli Strike on Gaza’s Nasser Hospital

Khan Younis, Gaza , 25 August (H.S.): At least 15 Palestinians, including four journalists, were killed on Monday when Israeli forces struck the Nasser Medical Complex in southern Gaza’s Khan Younis, Gaza’s health ministry confirmed. Dozens more were injured in the attack, which has drawn sharp condemnation from media organizations and humanitarian agencies. The journalists…

MP Congress chief questions CM Yadav’s leadership, accuses him of image building

MP Congress chief questions CM Yadav’s leadership, accuses him of image building

Bhopal, Aug 25 (IANS) Madhya Pradesh Congress President Jitu Patwari, on Monday, launched a targeted scathing attack at Chief Minister Mohan Yadav, accused him of failing to take any concrete step to control crime in the past two years in the state. Addressing a press conference at his residence in Bhopal, Patwari claimed that Madhya…

Fitch affirms India’s rating at ‘BBB-‘ with stable outlook, expects US tariffs to have limited impact on growth

Fitch affirms India’s rating at ‘BBB-‘ with stable outlook, expects US tariffs to have limited impact on growth

New Delhi, Aug 25 (IANS) Fitch Ratings has affirmed India’s credit rating at ‘BBB-‘ with a stable outlook, supported by the country’s robust economic growth and solid external finances. “India’s economic outlook remains strong relative to peers, even as momentum has moderated in the past two years, said the rating agency. “We forecast GDP growth…