Rupee settles at 79.97 against US dollar; touches 80/USD mark

Rupee settles at 79.97 against US dollar; touches 80/USD mark

Tuesday, 19 July 2022 | PTI | Mumbai

The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened...

Luxury car market remains suppressed in India due to high taxes, says Audi

Monday, 18 July 2022 | PTI | New Delhi

The Indian luxury car market has huge growth potential but remains suppressed due to high taxation on luxury cars and unfavourable regulatory environment, as per a senior executive of German luxury carmaker Audi. Luxury car volumes account for less than 2 per cent of the overall passenger vehicle sales annually and...

Average farm income soared 1.3-1.7 times in FY22 from FY18: SBI Research

Monday, 18 July 2022 | PTI | Mumbai

The income of farmers has grown in the range of 1.3-1.7 times in FY22 from the FY18 levels on average while grain exports soared to over USD 50 billion, says an SBI Research report. For certain crops in some states (like soyabean in Maharashtra and cotton in Karnataka) farmers' income more...

India's first shopping mall-cum-coworking facility to come up in Pune: Anarock Retail

Monday, 18 July 2022 | PTI | Mumbai

India's first shopping mall-cum-coworking facility adjacent to an airport is expected to be launched in Pune in mid-October, according to Anarock Retail. Situated adjacent to the Pune Airport, the AeroMall, being developed by Pebbles Infra-Tech under the PPP model with AAI, is spread over 4,45,000 sq ft, including 1,30,000 sq ft...

Front-loading monetary policy action can anchor inflation expectations: RBI paper

Monday, 18 July 2022 | PTI | Mumbai

By front-loading rate hikes, the RBI can cement the credibility of its monetary policy intent and action when it fights supply-side driven inflation on one hand and also contains the negative impact on growth, as per an article. The paper has been authored by three RBI analysts, including Deputy Governor...

General Aeronautics begins production of agri-drones

Monday, 18 July 2022 | PTI | New Delhi

Drone startup General Aeronautics on Sunday said it has begun commercial production of agricultural drones and aims monthly production of 100 units.General Aeronautics is into delivering advanced aerial technologies for agriculture, healthcare and unmanned aerial vehicle design. "We have started commercial production this month after conducting trials for the last three...

India's fuel demand falls in July as monsoon sets in: Data

Monday, 18 July 2022 | PTI | New Delhi

India's demand for petrol and diesel fell in the first half of July over the previous month as the onset of monsoon chipped away consumption in some sectors and restricted mobility, preliminary industry data showed on Sunday. Diesel, the most widely used fuel in the country, saw consumption drop 13.7 per...

Six of top-10 firms lose Rs 1.68 lakh cr in M-cap; TCS biggest laggard

Monday, 18 July 2022 | PTI | New Delhi

Six of the 10 most valued firms suffered a combined erosion of Rs 1,68,260.37 crore from their market valuation last week, mainly dragged down by IT major TCS amid an overall weak trend in the equity market. The 30-share BSE benchmark Sensex fell 721.06 points or 1.32 per cent last week. From...

Sunday Edition

talktime | ‘I am working to step out of my comfort zone’

14 August 2022 | SUPRIYA RAMESH | Sunday Pioneer

Master Strokes ‘22

14 August 2022 | Pioneeer | Sunday Pioneer

Making a mark

14 August 2022 | SONALI CHAUDHARI | Sunday Pioneer

Read a lot, knowledge never goes waste: Faraaz Kazi

14 August 2022 | Pioneer | Sunday Pioneer

Chick flick New York Se Miami is a fun watch

14 August 2022 | Pioneer | Sunday Pioneer

Be the best version of yourself: Dr Amit Talukdar

14 August 2022 | Pioneer | Sunday Pioneer