Business updates

Business updates

Rupee breaches 95/dollar, bond yield tops 7% as Iran war upends India's fiscal math

The rupee weakened past the 95 per dollar mark for the first time to 95.20 per dollar, down 0.3% on day.>

HDFC Bank Chairman exit puts spotlight on CEO amid rumbles of top-level acrimony

In 2024, Atanu Chakraborty blocked CEO Sashidhar Jagdishan's proposal to bring in Japan's MUFG as a strategic partner in HDFC Bank's consumer finance arm.>

What makes Edelweiss 70:30 Index Fund a ‘goldilocks’ mutual fund

With the Edelweiss 70:30 Index Fund, investors get equity-like returns with roughly 40% lower volatility.>

Vedanta to complete demerger in early April as Anil Agarwal targets debt

A primary driver for the Vedanta demerger is the $11 billion debt, about $7 billion of which will be collectively shouldered by the new listed units.>

Sensex, Nifty set for worst fiscal since FY21 as foreign exodus, Iran war bite

NSE Nifty 50 and S&P BSE Sensex have fallen about 4.3% and 6.3%, respectively, in FY26 for the worst showing since the pandemic-marred FY21.>

India forces banks to unwind rupee bets, squeezing short sellers

The RBI has announced new rules to cap the open positions banks can hold in onshore currency market at $100 million, to arrest a sliding rupee amid Iran war.>

Credits : HTimes