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Rupee falls further, now hits 72.35 per dollar

September 10, 2018

MUMBAI: Continuing its slide, the Indian rupee touched another fresh low of 72.35 on Monday, weakening by 62 paise from its previous close of 71.73 per US dollar. Around 10.30 a.m., the rupee traded at 72.32 per greenback. It had opened at 72.18 per dollar. Along with decline in global currencies against the dollar and persistent trade tensions, ...


Rupee breaches 72/$ mark for first time

September 06, 2018

MUMBAI: The Indian rupee breached the 72 per US dollar mark for the first time on Thursday. Around 1 p.m., the rupee traded around 72.05 per dollar, against Wednesday’s closing of 71.76 per greenback. According to analysts, the fall in the rupee is due to the Sino-US trade tensions along with high crude oil prices and outflow of foreign f...


Congress attacks Modi government over tumbling rupee

September 06, 2018

NEW DELHI: The Congress on Thursday attacked the Modi government after the rupee breached the 72 mark against the US dollar, saying government polices had derailed the economy. "The falling rupee crosses Rs 72 against a dollar. Fiscal deficit will increase and price rise has caused panic," Congress spokesman Randeep Singh Surjewala tweeted. "Ru...


Rupee slumps to 71-mark first time ever

August 31, 2018

MUMBAI: The rupee slumped to a fresh record low of 71 against the dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices. At the Interbank Foreign Exchange (Forex) market, the local currency opened lower at 70.95 a dollar and slipped further to hit its lifetime low of 71 from its previo...


Google pledges Rs 7 cr for Kerala relief work

August 28, 2018

NEW DELHI: Google will contribute $1 million (nearly Rs 7 crore) to the relief and restoration work in Kerala which has been battered by severe floods, a top company official said here on Tuesday. " and Googlers will contribute $1 million to the relief work in Kerala," Rajan Anandan, Vice President, Southeast Asia and India, said at the ...


Sensex Closes Above 38,280 For First Time

August 21, 2018

Domestic stock markets settled Tuesday's session on a positive note, scaling fresh record closing highs. The S&P BSE Sensex rose 7.00 points, or 0.02 per cent, to end at 38,285.75, surpassing its previous record closing of 38,278 marked on Monday. Breaking it previous record closing of 11,551 hit on Monday, the NSE's Nifty 50 index climbed 19....


Infosys Chief Financial Officer Ranganath resigns

August 18, 2018

BENGALURU: Infosys Chief Financial Officer (CFO) M.D. Ranganath resigned from the executive post, the IT major said on Saturday. "The Board of Directors accepted the resignation of Ranganath as the CFO and key managerial personnel. He will continue in the post till November 16. The Board will search for the next CFO," said the city-based software ...


Key Indian Equity Indices open in green

July 12, 2018

MUMBAI: The key Indian equity market indices on Thursday opened higher amid global trade tensions leaving financial markets in a state of uncertainty. The Sensitive Index (Sensex) of the BSE, which had closed at 36,265.93 points on Wednesday, opened higher at 36,424.23 points. Minutes into trading, it was quoting at 36,447.95 points, up by 182.02...


Single data breach costs nearly Rs 12 crore in India: IBM study

July 11, 2018

BENGALURU: The estimated average cost of a data breach in India went up to Rs 11.9 crore in 2017 -- a nearly eight per cent increase from 2016, an IBM study revealed on Wednesday. Malicious or criminal attacks were the root cause for 42 per cent of data breaches, according to the 2018 edition of the "Cost of a Data Breach" study conducted by US-ba...


Rupee rises 30 paise against dollar to 68.57 in early trade

July 09, 2018

MUMBAI: The rupee appreciated by 30 paise to 68.57 against the US dollar in early trade today at the forex market on increased selling of the greenback by exporters and banks, amid a higher opening of the domestic equity market. Besides, the dollar's weakness against some currencies overseas after US jobs data showed slower-than-expected wages gro...