Wednesday, May 14 2025 | Time 05:06 Hrs(IST)
Business Economy


Rupee jumps 80 paise against USD

Rupee jumps 80 paise against USD

Mumbai, May 13 (UNI) The Rupee on Tuesday appreciated 80 paise at 84.62 in the opening session on the selling of US dollars by bankers and exporters at the Forex Market informed.

The local unit surged due to the weak dollar against other world currencies; however, the weak start of the equity market in opening trade capped it from further rise.

The rupee recorded intraday highs and lows at 84.57 and 84.90, respectively, the dealer added.

UNI NV ARN

More News

NxtCell India entered into a Contract Manufacturing Agreement with Dixon Technologies

13 May 2025 | 9:17 PM

Hyderabad, May 13 (UNI) : NxtCell India, a 100 percent Indian domicile company, on Tuesday announced a strategic partnership with Padget Electronics Private Limited (“Padget Electronics”), a wholly owned subsidiary of Dixon Technologies (India) Limited (“Dixon Technologies”), India’s leading electronics manufacturing services provider, by entering into a Contract Manufacturing Agreement, for manufacturing of smartphones for the iconic French tech brand ‘Alcatel’ in the Indian market.

see more..

Canara Bank launches ‘CANARA TruEdge’ Savings and Current account

13 May 2025 | 9:11 PM

Hyderabad, May 13 (UNI) Canara Bank, one of India's premier public sector banks,on Tuesday announced the launch of "CANARA TruEdge," a specialized and feature-rich suite of Current and Savings Accounts.

see more..
LIC reports 9 91 percent year-on-year (YoY) increase in new business premium for April 2025

LIC reports 9 91 percent year-on-year (YoY) increase in new business premium for April 2025

13 May 2025 | 8:57 PM

Kolkata, May 13 (UNI) Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a 9.91 percent year-on-year (YoY) increase in new business premium for April 2025—surpassing the industry growth rate of 8.43 pc and private life insurers’ growth of 6.09 pc, as per data released by the Life Insurance Council.

see more..

MSMEs merchandise export share increased to 45 7 pc in FY24: SIDBI report

13 May 2025 | 8:19 PM

Hyderabad, May 13 (UNI) MSMEs increased their merchandise export share from 43.6 percent (FY23) to 45.7% (FY24) said Small Industries Development Bank of India (SIDBI) in its new report titled ‘Understanding Indian MSME Sector: Progress and Challenges’ released on Tuesday.

see more..
Retail inflation drops to 6-year low in April

Retail inflation drops to 6-year low in April

13 May 2025 | 6:04 PM

New Delhi, May 13 (UNI) India’s retail inflation eased to a nearly six-year low of 3.16 per cent in April, driven by a sharp decline in food prices, particularly vegetables, pulses and meat. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, food inflation dropped to 1.78 per cent, the lowest since October 2021, from 2.69 per cent in March — a sharp decline of 91 basis points.

see more..