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Business / Daily Excelsior

Rupee falls 22 paise to settle at 86.02 against US dollar

MUMBAI, July 14:The rupee depreciated 22 paise and fell below 86 level to close at 86.02 (provisional) against the US dollar on Monday amid a rise in global crude oil prices and a strengthening greenback. Foreign fund outflows and delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at [] The post Rupee falls

14 Jul 2025 4:23 pm
Housing sales in MMR, Pune dip 30pc to nearly 42K units in Jun qtr amid price surge: PropTiger

NEW DELHI, July 14: Housing sales in Mumbai Metropolitan Region (MMR) and Pune together fell 30 per cent to 41,901 units during April-June period of this year as surge in prices dampened consumer demand, according to PropTiger. The combined housing sales in MMR and Pune, the two important property markets in Maharashtra, stood at 60,191 units in the year-ago period. On Monday, housing brokerage firm PropTiger released the data, which showed that sales in Indias eight primary residential markets

14 Jul 2025 11:57 am
Freight Train Ferrying Oil Catches Fire In Tamil Nadu, Train Services Hit

CHENNAI, Jul 13: A moving goods train carrying diesel caught fire on Sunday at Tiruvallur in northern Tamil Nadu affecting train services in the arterial Chennai-Arakkonam route, the Southern Railway said. No casualties were reported. Passengers were, however, stranded and state transport corporation operated special buses to cater to the needs of the travelling public. According to the Southern Railways official release, few intermediate wagons of the goods train, carrying diesel caught fire wh

13 Jul 2025 3:52 pm
ISRO Successfully Completes Development Of Service Module Propulsion System For Gaganyaan

Bengaluru, Jul 12: ISRO on Saturday said it has successfully completed the development of Service Module Propulsion System (SMPS) for Gaganyaan Mission with the completion of the qualification test programme. A full duration hot test of SMPS for 350 seconds was conducted to validate the integrated performance of the SMPS for flight off-nominal mission profile of the Service Module based mission abort on Friday. Gaganyaan mission is Indias first human spaceflight mission in the making. The overal

12 Jul 2025 3:22 pm
Gold climbs Rs 700 to Rs 99,370/10 g; silver rallies Rs 1,500/kg

NEW DELHI, July 11: Gold prices climbed by Rs 700 to Rs 99,370 per 10 grams in the national capital on Friday tracking safe-haven demand as heightened global trade tensions stoked investor worries. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,670 per 10 grams on Thursday. Gold of 99.5 per cent purity jumped by Rs 600 to Rs 98,800 per 10 grams (inclusive of all taxes). It [] The post Gold climbs Rs 700 to Rs 99,370/10 g; silver ral

11 Jul 2025 5:55 pm
Govt To Sell Minority Stake In LIC

New Delhi, Jul 10: The government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction, sources said. The government currently holds 96.5 per cent stake in LIC. It had sold 3.5 per cent through an initial public offering (IPO) in May 2022 at a price band of Rs 902-949 a share. The share sale fetched the government around Rs 21,000 crore. Sources said the government has [] The post Govt To Sell Minori

10 Jul 2025 2:59 pm
Magnitude 4.4 Earthquake Hits Haryana, Tremors Felt In Delhi-NCR

NEW DELHI, Jul 10: An earthquake of magnitude 4.4 struck near Jhajjar in Haryana on Thursday (July 10, 2025), sending tremors across the Delhi-NCR region. The epicentre was 3 km northeast of Jhajjar and 51 km west of Delhi. The earthquake struck at a depth of 10 km at 9.04 a.m., the National Centre for Seismology said. EQ of M: 4.4, On: 10/07/2025 09:04:50 IST, Lat: 28.63 N, Long: 76.68 E, Depth: 10 Km, Location: Jhajjar, Haryana. For more information [] The post Magnitude 4.4 Earthquake Hits Ha

10 Jul 2025 10:22 am
ISRO successfully conducts hot tests of Gaganyaan propulsion system

BENGALURU, July 9: ISRO has successfully conducted two hot tests of the Gaganyaan Service Module Propulsion System (SMPS) at the space agencys Propulsion Complex in Mahendragiri on July 3. The short-duration tests, lasting 30 seconds and 100 seconds respectively, were aimed at validating the test article configuration, ISRO said in a statement on Wednesday. The overall performance of the propulsion system during these hot tests was normal as per pre-test predictions. During the 100s test, simult

9 Jul 2025 12:23 pm
E-Comm Platforms, Online Payments Services Being Abused For Terror Financing: FATF

New Delhi, July 8: Global terror financing watchdog FATF on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that e-commerce platforms and online payment services are being misused for terror financing. In its Comprehensive Update on Terrorist Financing Risks, the FATF also flagged state sponsorship of terrorism and said a variety of publicly available sources of information and delegations inputs to this repo

8 Jul 2025 12:14 pm