Business updates

Business updates

US Fed holds interest rate steady at 3.5-3.75% despite higher inflation

US Federal Reserve has guided for a single interest rate cut in 2026 as officials took stock of economic impact of Iran war on US economy.>

India yet to take a call on requests from neighbours for supply of fuel

Bangladesh alone sought 5,000 additional tonnes of diesel to be supplied from Numaligarh refinery in Assam as part of efforts to tide over an energy crisis.>

RBI's defence of rupee vs dollar is weighing on India's forex reserves

India’s forex reserves, excluding gold, are now just enough to cover for 8.7 months of imports, the lowest in three years, according to Bloomberg data.>

Rupee slumps to record low even as Goldman Sachs warns of 95/dollar levels

INR-USD fell to an intraday low of 92.48, surpassing its previous record close of 92.45 set last Friday, even as RBI stepped in to arrest the slide.>

NSE is said to set modest fee for its $2.5 billion IPO at just 0.65%

The modest fee for the NSE IPO underscores a trend where banks accept token fees in exchange for the prestige that comes with marquee mandates.>

Iran war impact to show on India GDP, inflation in risk to ‘Goldilocks’ economy

India has projected GDP growth rate of 7.2% in FY27 with inflation rate below RBI's target of 4%, but the Iran war now threatens to upend that fiscal math.>

Neural Dispatch: AI is slop, an unripe fruit and an insomniac

The biggest AI developments, decoded. 18 March 2026.>

Reliance accelerates plans for Jio IPO, DRHP likely in the next 2-3 weeks

The Jio IPO DRHP will include the December-end financials, setting the stage for a highly anticipated listing at a valuation seen at $100-120 billion.>

Adani secures $1.7-bn takeover of bankrupt Jaypee Group in major infra win

The acquisition of Jaiprakash Associates, or Jaypee Group, adds cement, real estate and a Formula One racetrack to Adani Enterprises' portfolio.>

Noel Tata seeks truncated term for Tata Sons Chairman Natarajan Chandrasekaran as part of succession revamp

Tata Trusts Chairman Noel Tata wants to dilute powers of the Tata Sons chairman by including a CEO & MD and a Deputy CEO, and a non-executive chairman.>

Credits : HTimes