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Business
Markets, companies, economy, startups, and personal finance.
Rupee slumps 38 paise to close at 95.92 against U.S. dollar
Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India's external trade balance
ICICI Prudential MF, Kotak MF top buyers in SS Retail's Rs 146 crore anchor round before IPO
SS Retail has secured Rs 146 crore from anchor investors before its upcoming IPO. Domestic mutual funds were the largest participants in this anchor book allocation. The company will open its initial public offering for...
August retail inflation raises chances of RBI rate hike in October, say economists
Inflation in August as measured by the Consumer Price Index (CPI) rose to a 20-month-high of 4.8%, driven up by rising food prices
NSE IPO jackpot: 10 PSUs could pocket Rs 12,802 crore from stake sale
NSE’s IPO could deliver a massive windfall to 10 public-sector shareholders, which together could make a profit of around Rs 12,802 crore by selling their shares at the upper price band of Rs 1,785. State Bank of India...
Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI
RBI further said a fair and appropriate distribution of MDR across ecosystem participants will support continued investment in technology, infrastructure and acceptance networks
Why US markets, Dow Jones are down today: Nasdaq, S&P 500 trade lower as AI stocks steady; focus on Fed rate decision
US stocks were subdued on Tuesday as AI shares steadied after a global selloff, while rising oil prices and Treasury yields kept investors cautious. The Federal Reserve is widely expected to raise interest rates on Wedn...
RBI files caveat after rejecting Tata Sons bid to avoid listing: report
The move follows the RBI’s rejection of Tata Sons’ application to deregister as a non-banking financial company, a decision that pushes the holding company closer to a stock market listing
Sensex crashes over 1,400 pts from day’s high, Nifty below 23,150. 5 triggers behind Rs 9L cr wipeout
Indian markets faced a notable downturn, witnessing significant erosion of capitalisation. Factors like climbing US bond yields and escalating oil prices heightened inflation fears among investors. Anticipation of a rat...
US borrowing costs hit highest level since 2007
The effective interest rate on US government bonds over 10 years, known as the 10-year Treasury yield, has risen as high as 5.04% but has eased back since.
John Healey in talks with Canada about UK joining new global defence bank
Exclusive: Britain is understood to have been formally invited to become founding member of multilateral lenderJohn Healey is in talks with the Canadian government about joining a new global defence bank intended to hel...
Markets climb in early trade on strong buying in IT stocks, HDFC Bank
Among the 30 Sensex firms, HCL Tech jumped 6.5%, Tech Mahindra climbed 5.6%, Tata Consultancy Services surged 5.10% and Infosys edged higher by 4.83%
The Guardian view on the Bank of England’s £120bn bill: power without accountability | Editorial
Quantitative tightening has blurred the line between monetary and fiscal policy, leaving ministers accountable for decisions they cannot directly controlWhen Labour made the Bank of England independent in 1997, the idea...
Why crypto-billionaires love Reform – podcast
Reform UK have just been showered with £72m in donations by billionaires. What does that money buy and what will the party do with it? Peter Walker explainsOn Friday Ben Delo, a 42-year-old businessman – and convicted c...
UK state pension set to top £13,000 a year as wage growth slows to 3.9%
Workers face inflation squeeze fuelled by Iran war, as Bank of England prepares for interest rates decisionBusiness live – latest updatesWage growth in the UK has slowed as workers come under pressure from a renewed cos...
Jaguar Land Rover in talks to sell Defender to Nato countries
Carmaker builds on relationship with British armed forces by seeking to cash in on Europe’s rearmament drive Business live – latest updatesJaguar Land Rover is in talks with Nato countries about selling them the newly r...
Channel 4 poaches Paramount’s TV ad sales business from Sky
Move is a big boost for Channel 4, days after it announced it is to cut 340 jobsBusiness live – latest updatesChannel 4 has poached Channel 5 owner Paramount’s £300m-plus TV advertising sales business from Sky, in a hug...
Parents seek out school uniform deals, cutting average spend to £54.53
Overall grocery inflation jumps to 2.3%, as Ocado and Lidl gain market shareBusiness live – latest updatesParents and carers spent 12.5% less on school uniform in the run-up to the start of this academic year, turning t...
AI safety requires more than just slowing our pace | Stuart Russell
Safety requirements are non-negotiable. They depend on meeting concrete goals, not just adjusting a timelineIt has been a week of high drama in AI, precipitated by the resignation of the AI safety researcher Jacob Coxon...