Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Rupee sinks to record closing low of 96.52 against US dollar
Mumbai: The rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, May 19, weighed down by soaring crude oil prices, persistent foreign…
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Saudi Arabia’s flyadeal to start daily Riyadh-Hyderabad flights from July 1
New Delhi: Saudi Arabia’s no-frills airline flyadeal will start daily flights between Riyadh and Hyderabad from July 1, marking the commencement of its services to India. A sister company of Saudia Airlines,…
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India’s edible oil imports rise 3 pc in FY26
New Delhi: India’s edible oil imports rose 3 per cent to 166.51 lakh tonnes in the 2025-26 fiscal year, driven largely by a sharp jump in duty-free imports from Nepal, industry body…
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Stock markets climb in early trade after Trump halts strikes on Iran
Mumbai: Stock market benchmark indices rallied in early trade on Tuesday, May 19, after US President Donald Trump said he has halted fresh strikes on Iran at the request of Qatar, Saudi…
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New cargo terminal at Hyderabad airport to boost pharma handling capacity
Hyderabad: GMR Hyderabad International Airport Ltd (GHIAL) on Monday, May 18, commissioned its second cargo terminal at Rajiv Gandhi International Airport (RGIA), more than doubling the airport’s air freight handling capacity as Hyderabad…
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Stock markets slump in early trade on surging oil prices
Mumbai: Benchmark indices Sensex and Nifty tumbled in early trade on Monday, May 18, amid surging oil prices, weak global market trends after fresh escalation in tensions in West Asia. A drone…
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India becomes largest market for KitKat globally for Nestle
New Delhi: India has emerged as the largest market globally for KitKat, the iconic chocolate-coated wafer bar of Swiss food and confectionery major Nestlé, driven by strong consumer penetration, product innovation and…
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Trump, Boeing say China will buy 200 jets, reopening key market for US plane maker
US: Aircraft manufacturer Boeing will make its first major sale to China in nearly a decade under an agreement for 200 planes announced Friday, May 15, after President Donald Trump’s summit with…
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Telangana not rising, its sinking under Congress: BRS MLC at financial health
Hyderabad: Bharat Rashtra Samithi (BRS) MLC Dasoju Sravan Kumar on Thursday, May 14, claimed that Telangana’s financial health was deteriorating under Chief Minister Revanth Reddy. Kumar claimed that the Comptroller and Auditor…
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Gold futures inches up as investors track Trump-Xi talks
New Delhi: Gold prices rose marginally by 0.21 per cent in futures trade on Thursday, May 14, as traders tracked ongoing talks between US President Donald Trump and his Chinese counterpart Xi…
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Wholesale price inflation rises to 8.3 pc in April
New Delhi: Wholesale price inflation shot up to 8.30 per cent in April, from 3.88 per cent in March, led by a sharp spike in prices of fuel, power and crude petroleum.…
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Uber to expand Centre of Excellence in Hyderabad
Hyderabad: Uber Technologies is expanding its Centre of Excellence in Hyderabad, the company’s Chief Executive Officer (CEO) Dara Khosrowshahi announced after meeting Telangana Chief Minister A Revanth Reddy at his residence in…
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Amazon Bazaar records 4 times rise in orders from AP, Telangana
Hyderabad: Amazon Bazaar has recorded a four times increase in orders from Andhra Pradesh and Telangana year-over-year, with Hyderabad leading with a four-time increase in new customer sign-ups, a senior official said…
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Asian shares trade mixed after Wall Street rally despite Iran war worries
Tokyo: Asian shares traded mixed early Tuesday, May 12, as optimism encouraged by a record rally on Wall Street clashed with anxiety about surging oil prices and a possible AI bubble. Japan‘s…
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India’s growth to slow to 6.7 pc on waning momentum, oil price shock: BMI
New Delhi: India’s economic growth is likely to decelerate to 6.7 per cent in the current fiscal, from 7.7 per cent in 2025-26, with the GDP expansion expected to slow significantly due…
