Rupee still doing well compared to other currencies, says FM Nirmala Sitharaman

"If any one currency which has held its own and did not get into fluctuation or volatility as much as other currencies it is the Indian rupee. We have held back very well," she said.

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India big enough to have two mega airlines: IndiGo new CEO

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Re hits 81/$ for 1st time, forex kitty shrinks $97bn from peak

The rupee breached the 81 level against the dollar for the first time on Friday as markets turned jittery after the Fed's rate hike and escalation of hostilities in Ukraine. The RBI continued to defend the rupee even as reserves dipped to $546 billion, down by $5 billion during the week ended September 16, and $97 billion lower from their peak levels of $642 billion last year.

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Fuel price cut held hostage by volatile oil, rupee fall and inflation

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Identified PPP projects worth ₹42,300 cr for major port development by FY25: Sonowal

The shipping ministry is identifying new road alignments, upgradation of existing roads, and new rail projects to manage the sizeable freight traffic demand of future, he tells Twesh Mishra in an interview.

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Rajeev Chandrasekhar backs moonlighting, says captive model could fail

The days when employees signed up with big tech majors and spent their lives on the job are long gone, minister of state for Electronics and IT and Skill Development, Rajeev Chandrasekhar said on Friday, weighing in on the issue of moonlighting.

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Economists see RBI delivering another 50 bps hike next week

Economists are unanimous in forecasting that the central bank has no other option but to deliver a 50 bps rate hike next week and take the terminal rate to 6.25 per cent by December.

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Tata Steel board approves merger of six subsidiary companies

Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.

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Reliance unit to buy 20% stake in Caelux in renewable energy push

Indian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower cost solar modules.

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