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MUMBAI, Dec 5: The rupee on Friday gave up its initial gains and settled for the day lower by 5 paise at 89.94 (provisional) against US dollar, after the Reserve Bank cut key benchmark interest rate for the first time in six months. Forex traders said the Reserve Bank of Indias (RBI) rate cut will weigh on the rupee, but RBIs decision to purchase government bonds worth up to Rs 1 lakh crore through open market operations (OMO), combined with [] The post Rupee falls 5 paise to close at 89.94 agai

NEW DELHI, Dec 5: Gaja Alternative Asset Management Ltd, which operates under the brand Gaja Capital, has filed updated draft papers with markets regulator Sebi to raise a little over Rs 656 crore through an initial public offering (IPO). This IPO would mark the first public listing of a standalone, Indian-origin private equity firm managing alternative assets. According to the updated draft red herring prospectus (UDRHP) filed on Thursday, the companys maiden public offering comprises a fresh i

NEW DELHI, Dec 5: The Supreme Court on Friday said that money belonging to a temple deity cannot be used to prop up financially distressed cooperative banks. The sharp observations were made by a bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi while hearing appeals filed by a few cooperative banks challenging a direction of the Kerala High Court asking them to return the deposits to the Thirunelly Temple Devaswom. You want to use the temple money [] The post Temple money b

MUMBAI, Dec 3: The rupee plummeted to a new low of 90.25 against the greenback in the intra-day session on Wednesday, falling 29 paise from its previous close, amid FII outflows and sustained buying of dollars by banks. A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 89.96 against the greenback and slipped to [] The post Rupee slumps to all

NEW DELHI, Dec 3: Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over declining rupee, which has breached the 90-level against the greenback. The falling rupee is not affecting inflation or exports, he said on the sidelines of a CII event here. However, he expressed hope that it should improve next year. The rupee has depreciated about 5 per cent against the US dollar in 2025. The rupee plummeted to a new low [] The post Not losing sleep over fal

NEW DELHI, Dec 2: Finance Minister Nirmala Sitharaman on Tuesday said with the growing digitalisation of the economy and emergence of new financial products, countries globally will have to cooperate with timely exchange of information, while ensuring fairness and public trust in the tax system. Speaking at the 18th Global Forum Plenary meeting, Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among ju

MUMBAI, Dec 1: The rupee depreciated 8 paise to close at 89.53 (provisional) against the US dollar on Monday, fuelled by strong market demand for the American currency. Forex traders said the sustained weakness in the rupee is primarily attributable to a widening trade deficit, the delayed India-US trade deal, and limited central bank intervention. At the interbank foreign exchange market, the rupee opened at 89.45, then lost its ground and fell to a record low of 89.79 (provisional) [] The pos

NEW DELHI, Dec 1: Aviation Turbine Fuel (ATF) prices were raised by 5.4 per cent on Monday, while commercial LPG rates were cut by Rs 10 per cylinder as state-owned oil companies announced their monthly price revision in line with global trends. ATF prices in Delhi increased by Rs 5,133.75 per kilolitre to Rs 99,676.77 per kl, marking the third consecutive monthly hike, according to state-owned fuel retailers. Rates had risen by about 1 per cent on November 1 [] The post ATF price hiked by 5.4

NEW DELHI, Nov 28: Moodys Ratings on Friday said with a 7 per cent GDP expansion in 2025 and 6.4 per cent in the next year, India will lead growth among emerging markets and across the Asia Pacific region. Moodys also said that Indias domestic growth drivers underpin its economic resilience amid global uncertainty. Although the Indian rupee has continued to weaken against the dollar, most rated companies have active currency risk management or strong financial buffers, while investment-grade []

UDUPI (KARNATAKA), Nov 28: Prime Minister Narendra Modi on Friday held a road show in the temple town of Udupi. Modi landed at the Mangaluru Airport and proceeded to Udupi by a special helicopter. The Prime Minister arrived here to take part in the Laksha Geeta Pathana, a mass recitation in which more than one lakh devotees will chant verses from the Bhagavad Gita in unison. Standing on the running board of his vehicle, the Prime Minister waved at the [] The post PM Modi holds road show in Karna

NEW DELHI, Nov 27: Tata Realty and Infrastructure Ltd has taken a Rs 1,280 crore loan from DBS Bank India for a sustainable commercial project in Gurugram, a statement said. DBS Bank India acted as the sole advisor and green loan coordinator for this transaction. A green loan financing intends to fund or refinance projects that provide environmental benefits. The loan facility has been availed by Tata Realtys special purpose vehicle (SPV), which has developed commercial project Intellion Park [

NEW DELHI: (Nov 26) Chief Justice of India Surya Kant, while considering the possibility of shifting Supreme Court hearings to the virtual-only mode due to the severe air pollution, said he felt unwell when he went for an hour-long walk a day before. Kant said he would decide after consulting the bar, even as the idea of allowing virtual hearings for lawyers above 60 years of age was floated in the court. The observations were made by the CJI at [] The post CJI mulls virtual-only hearings in SC

New Delhi, Nov 25: President Droupadi Murmu on Tuesday said that the tax collection should be a smooth process with minimum discomfort to the taxpayer. Addressing the officer trainees of Indian Revenue Service (Customs and Indirect Taxes), who had called on the President at the Rashtrapati Bhavan here, she asked them to create systems that are transparent, accountable, and technology-driven. Murmu said collection of revenue is critical for nation-building. This is the revenue that funds infrastr

NEW DELHI, Nov 24: Mobile subscribers may be held liable if a SIM card procured in their name is found to have been misused for cyber fraud or other illegal activities, an official statement said on Monday. The Department of Telecom (DoT) in the statement advised citizens to be cautious and avoid using mobile devices with tampered IMEI numbers?. It also warned against buying or using procured or assembled devices like modems, modules, SIM boxes which have configurable or [] The post Mobile user

JERUSALEM, Nov 23: The guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) are likely to be released from next week, detailing its components and benefits for the industry, Commerce and Industry Minister Piyush Goyal said. The government, on November 12, approved the EPM with an outlay of Rs 25,060 crore for six financial years, beginning 2025-26, to help exporters deal with high tariffs imposed by the US. The mission will be implemented through two sub-schemes Niryat Protsahan [

NEW DELHI, Nov 21: Maruti Suzuki India on Friday said it has acquired around 8 per cent stake in technology-led startup Ravity Software Solutions, which specialises in providing connected mobility insights. The company has invested around Rs 2 crore in the startup for 7.84 per cent stake through Maruti Suzuki Innovation Fund. The auto major invests in startups through the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit high levels of innov

MUMBAI, Nov 19:The rupee closed 2 paise higher at 88.58 (provisional) against the US dollar on Wednesday, aided by buying momentum in domestic equity markets and lower crude oil prices overseas. Forex traders said a strong American currency and outflow of foreign capital prevented a sharp gain in the rupee even as investors were concerned about the progress on the proposed India-US trade deal. At the interbank foreign exchange market, the rupee opened at 88.57 and hit an intra-day [] The post R

NEW DELHI, Nov 18: Russia is on course to approve nearly 25 fishery units in India, which will make them eligible to supply to that country, Commerce and Industry Minister Piyush Goyal said on Tuesday. Recently, the European Union (EU) has approved 102 additional marine product units from India for exports. Russia is also on the course of approval nearly 25 fishery establishments, he told reporters here. He said that India is in talks with several other countries including [] The post Russia to

NEW DELHI, Nov 15: Maruti Suzuki India is recalling 39,506 units of Grand Vitara to replace faulty fuel indicator part. The company is recalling the affected lot of the model manufactured from December 9, 2024 to April 29, 2025, according to a regulatory filing. It is suspected that the fuel level indicator and warning light in the speedometer assembly in some of these vehicles may not accurately reflect the fuel status as intended, it said. Affected vehicle owners will receive [] The post Marut

New Delhi, Nov 14: Prime Minister Narendra Modi will on November 19 release the 21st instalment of PM-KISAN scheme, under which Rs 6,000 is being provided to eligible farmers annually. The PM Kisan Samman Nidhi (PM-KISAN) Yojana, a central sector scheme launched on February 24, 2019, provides annual financial assistance of Rs 6,000 per eligible farmer family. The prime minister will release the 21st instalment of PM-KISAN on November 19, 2025, the agriculture minister said in a statement on Frid

MUMBAI, Nov 14: Equity benchmark indices Sensex and Nifty reversed early losses to end modestly higher on Friday as investors turned to buying blue-chip stocks at beaten down prices. The 30-share BSE Sensex benchmark began the trade on a negative note by declining 449.35 points, or 0.53 per cent to 84,029.32. The NSE Nifty started the day off lower by 138.35 points or 0.53 per cent to 25,740.80. However, both the benchmark indices showed some recovery at the fag [] The post Sensex, Nifty settle

NEW DELHI, Nov 9: The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation, in which Suzuki Motor Gujarat is being merged with its parent entity, Maruti Suzuki India, the countrys largest carmaker. A two-member bench of the Delhi-based Principal bench of NCLT has approved the joint petition filed by Suzuki Motor Gujarat Pvt Ltd (Transferor Company) and Maruti Suzuki India Ltd (Transferee Company) and proposed the appointed date for the scheme of amalgamation on April 1,

MUMBAI, Nov 7: The rupee slipped 2 paise to 88.65 (provisional) against the US dollar on Friday amid a strong American currency against major crosses overseas and rising crude oil prices. A weak trend in domestic equity markets also weighed on the domestic currency, forex traders said. At the interbank foreign exchange, the rupee opened at 88.61 and tumbled to the intraday low of 88.72 against the greenback. The unit ended the session at 88.65 (provisional), registering a loss [] The post Rupee

NEW DELHI, Nov 6: Reliance Group chairman Anil Ambani has been summoned again by the Enforcement Directorate (ED) for questioning next week in an alleged bank fraud-cum-money laundering case, according to sources. The 66-year-old businessman was questioned by the federal probe agency in August. Anil Ambani has been asked to depose on November 14 for questioning in a money laundering case linked to an alleged bank loan fraud at the State Bank of India (SBI), the sources said. The agency [] The po

NEW DELHI, Oct 26: Passenger vehicle exports from India rose by 18 per cent year-on-year in the April-September period with Maruti Suzuki leading the segment with shipment of over 2 lakh units, according to the SIAM data. Total passenger vehicle exports in the first half of the current fiscal year rose to 4,45,884 units as compared with 3,76,679 units in the year-ago period, an increase of 18.4 per cent. Passenger car shipments rose to 2,29,281 units in the period [] The post Passenger vehicle

MUMBAI, Oct 24: The rupee appreciated 10 paise to close at 87.78 (provisional) against the US dollar on Friday, supported by optimism around India-US trade talks and a decline in global crude oil prices. However, FII outflows, a stronger dollar against foreign currencies, and a weak sentiment in the domestic equity markets restricted sharp gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 87.78 against the US dollar and traded in [] The p

BERLIN/NEW DELHI, Oct 24: Commerce and Industry Minister Piyush Goyal on Friday said India does not do trade agreements in hurry or with a gun to our head. He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US. We are in active dialogue with the EU. We are talking to the US, but we do not do deals in a hurry and we do not do deals with deadlines or [] The post India does not do trade deals in hurry or with gun to our head: Goya

NEW DELHI, Oct 23: Maruti Suzuki India Ltd on Thursday said its compact SUV Jimny 5-door has crossed cumulative exports of 1 lakh units from India. Export of the Jimny 5-door had started in 2023, shortly after its India debut, to more than 100 countries, including Japan, Mexico and Australia, the company said in a statement. In Japan, where it is exported as Jimny Nomade, since January 2025, the model crossed 50,000 orders within days of introduction, it added. The [] The post Maruti Suzukis Jim

BENGALURU, Oct 14: Indias mobility industry faces an unprecedented challenge and opportunity as it strives to support the nations 2047 vision of becoming a developed economy. According to CV Raman, Managing Director of Maruti Suzuki, To achieve Indias 2047 vision, the mobility sector must scale sixteen-fold, integrating private and public transport, adopting sustainable and clean technologies, and democratizing mobility for the next billion citizens positioning India as a global leader in scala

NEW DELHI, Oct 12: India is estimated to have exported 7.75 lakh tonnes of sugar in the marketing season that ended September, trade body AISTA said on Sunday, urging the government to announce an early export quota for the new season. The sugar marketing season runs from October to September. Sugar exports for the 2024-25 marketing season in India were allowed on January 20, 2025. The total quantity permitted for export was 10 lakh tonnes. According to the All [] The post India exports 7.75 la

Excelsior Correspondent JAMMU, Oct 10: Jammu Motors today proudly launched Maruti Suzukis new vehicle, Victoris in an event held here today. The unveiling ceremony was graced by Satish Sharma, Transport Minister, who presided over the event as the chief guest. Vishesh Mahajan, Transport Commissioner was the guest of honour. Speaking at the occasion, Satish Sharma said, Jammu Motors is a reputed business house of J&K and has established itself as a trusted name in the automotive sector in J&K. He

Excelsior Correspondent JAMMU, Oct 9: To cater all customer segments and to preserve its high market share in the domestic market, Maruti Suzuki India Limited (MSIL) launched all new Victoris in a function held here today. Victoris was unveiled by Jasmeet Singh, RTO, Jammu along with senior management from NSF Vehicles including Rajiv Kotwal (Director), Sumalini Kotwal (Director), Nishant Bansal (ASM MSIL), Bramhneet Mayall (TSM MSIL) and Ankush Badyal (GM Sales). The vehicle was launched with p

New Delhi, Oct 7: The government is likely to extend the deadline for the PM-KUSUM scheme once again, as two major components of the initiative have failed to achieve even 50 per cent of their targets, an official source said. Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) aimed to add a solar capacity of 30,800 MW by 2022, with a total central financial support of Rs 34,422 crore, including service charges for implementing agencies. [] The post Govt

NEW DELHI, Oct 5: Maruti Suzuki India is on track to export over 4 lakh vehicles this fiscal year, having already shipped more than two lakh units in the April-September period, according to a senior company executive. The countrys largest carmaker has reported a 52 per cent year-on-year growth in exports to 42,204 units in September, compared to 27,728 units in the same month of the previous year. In Q1, we exported about 1.10 lakh units, and in the [] The post On track to achieve 4 lakh expor

NEW DELHI, Oct 3: Maruti Suzuki Indias production rose 26 per cent year-on-year in September as the company increased vehicle dispatches to cater to the market demand, as per a regulatory filing. The countrys largest carmaker rolled out 2,01,915 units from its production sites across the country last month, compared with 1,59,743 units in September 2024. The company produced 12,318 units of Alto and S-Presso last month, marginally up compared to 12,155 units in the year-ago period. Production o

JAMMU, Sept 19: IQAC and Placement Cell of Government College of Education (GCOE), Jammu organized a successful campus placement drive. The event was held on the college campus and witnessed active participation from final-year students across various disciplines. Maruti Suzuki India Ltd, one of the countrys leading automobile manufacturers, conducted interviews and selection rounds for various technical and management roles. Dr. Jyoti Parihar, Principal GCOE Jammu emphasized the critical role s

NEW DELHI, Sept 18: The countrys largest carmaker Maruti Suzuki India on Thursday announced a reduction in vehicle prices by up to Rs 1.29 lakh effective September 22 to pass on the GST rate cut benefit to customers. The prices of entry-level model S Presso will go down by up to Rs 1,29,600; Alto Kl0 by up to Rs 1,07,600; Celerio by Rs 94,100; Wagon-R by up to Rs 79,600 and Ignis by up to Rs 71,300, the company [] The post Maruti Suzuki to cut prices by Rs 46,400-Rs 1.29 lakh to pass on GST rat

NEW DELHI, Sept 15: Finance Minister Nirmala Sitharaman on Monday emphasised the need for regulations that foster technology innovation in a responsible manner, particularly in artificial intelligence (AI), rather than stifling it. The Government is determined to not only adopt AI technologies but also ensure their responsible application across various sectors, she said while releasing the report AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth. We do not want regulation t

NEW DELHI, Sep 12: Retail inflation in August rose slightly to 2.07% from 1.61% in the preceding month, mainly due to an increase in prices of vegetables, meat and fish, according to a government data released on Friday (September 12, 2025). The inflation based on the consumer price index (CPI) was 3.65% in August 2024. The annual inflation during August 2025 over August 2024 was at (-) 0.69%, according to the data released by the National Statistics Office (NSO). An [] The post Retail Inflation

NEW DELHI, Sept 12: The next many decades belong to India as the global economic powerhouse, and it will be essential to continue demonstrating policy stability, as the country aspires to be the worlds manufacturing hub, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Friday. Amid a turbulent global geopolitical and economic period, lies an extraordinary opportunity for India to position itself as a trusted, resilient, and sustainable manufacturing hub, he said while speaking at the ann

NEW DELHI, Sept 11: Car market leader Maruti Suzuki India expects domestic passenger vehicle sales growth to come back to around 7 per cent from the next fiscal following reduction in GST rates on automobiles, a senior company official said on Thursday. For the small car segment, in which the company has a dominant position, the growth expectation is around 10 per cent, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee told reporters here on the [] The post Expect

JAMMU, Sep 7: Heavy downpour again hampered the efforts of the National Highway Authority of India to restore traffic on the landslide-hit Jammu-Srinagar national highway which remained closed for the sixth consecutive day on Sunday, officials said. The pilgrimage to the Mata Vaishno Devi shrine atop Trikuta hills also remained suspended for the 13th straight day, while Border Roads Organisation (BRO) restored traffic on Basohli-Bani road in Kathua district after bypassing the damaged stretch, t

NEW DELHI, Sep 5: The time-tested partnership between India and Bhutan continues to move from strength to strength, External Affairs Minister S Jaishankar said on Friday after meeting Bhutanese Prime Minister Tshering Tobgay. Various bilateral issues figured in the Jaishankar-Tobgay talks. The Bhutanese prime minister is on a visit to India. Delighted to call on PM @tsheringtobgay of Bhutan this evening. Conveyed warm greetings of PM @narendramodi. Our unique and time-tested partnership continue

NEW DELHI, Sept 3: Maruti Suzuki India on Wednesday expanded its product range in the country with the launch of an all-new model Victoris as it looks to enhance its presence in the robustly growing mid-sized SUV segment. The countrys largest carmaker currently sells SUV models like Fronx, Brezza, Jimny and Grand Vitara in the domestic market. Speaking at the Victoris launch event here, Maruti Suzuki India MD and CEO Hisaschi Takeuchi said India has the largest youth population [] The post Maru

NEW DELHI, Aug 28:India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday. It is our duty as Indians to do our very best to promote and maintain our dignity and respect and not give in to any kind of bullying in this matter the nation has to stand united, Bhargava said at [] The post US tariffs: Need to stay united, must stand up to bullying, says Maruti Chai

AHMEDABAD, Aug 26: Prime Minister Narendra Modi on Tuesday flagged off Maruti Suzukis first electric vehicle e-Vitara from the Hansalpur manufacturing facility in Gujarat. The made-in-India Maruti e-Vitara will be exported to more than 100 countries, including Japan. Modi also inaugurated the lithium-ion battery manufacturing facility by Suzuki, Toshiba, and Denso, supporting hybrid and electric vehicle battery production. (Agencies) The post PM Modi Flags Off Maruti Suzukis 1st Electric Vehicle

New Delhi, Aug 21: Rajya Sabha on Thursday passed The Promotion and Regulation of Online Gaming Bill amid protests and sloganeering by the Opposition. Union Minister Ashwini Vaishnaw had moved The Promotion and Regulation of Online Gaming Bill as passed by Lok Sabha for consideration and passing in Rajya Sabha. Highlighting the aspects of the bill, the Union Minister explained that there are three aspects of the bill E-sports, Online Social Gaming and Online Money Gaming out of which [] The pos

CHENNAI, Aug 19: Indias largest car maker Maruti Suzuki India Ltd today said its compact sport utility vehicle (SUV) FRONX has achieved the five lakh cumulative production milestone. The model was launched in 2023. It was the highest exported passenger vehicle in the industry in FY 2024-25 and was among the top 10 selling vehicles in the domestic market during the period, Maruti Suzuki said. One in every FRONX rolled out of the assembly line was shipped out the company [] The post Maruti Suzuki

NEW DELHI, Aug 12: Gold prices plunged Rs 1,000 to Rs 1,01,520 per 10 grams in the national capital on Tuesday in line with a sell-off in global markets, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity had settled at Rs 1,02,520 per 10 grams. In the local markets, gold of 99.5 per cent purity dipped Rs 1,000 to Rs 1,01,100 per 10 grams (inclusive of all taxes) on Tuesday. [] The post Gold plunges Rs 1,000 amid sell-off in global markets appea

NEW DELHI, Aug 11: Markets regulator SEBI has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the countrys attractiveness as an investment destination. The new framework Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI), if implemented, would provide easier investment access to low risk foreign investors, enable a unified r