The Reserve Bank of India actively intervened in the foreign exchange market, net selling $11.87 billion in October to defend the Indian rupee. This intervention prevented a significant depreciation, with the currency closing the month near its record low. The…
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Mercedes-Benz and parent company Daimler AG will pay $149.6 million to settle allegations of installing “defeat devices” in over 211,000 diesel vehicles. These devices allowed cars to pass emissions tests while exceeding legal limits for nitrogen oxides during normal operation.…
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Manufacturers are passing on increased commodity costs and a weaker rupee, with some carmakers raising prices by up to 3% and appliance makers by up to 10%. This marks the first price hike since September’s GST rate reduction.
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The recent near-collapse of IndiGo, which flies around 65 per cent of the total domestic passengers, and consequent massive jump in the airfares, brought back the issue of the duopoly in the country’s airline industry.
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A new insurance law provision raises concerns for directors. It may force many to step down from insurance boards. This impacts bank-promoted ventures where directors also serve lenders. The current wording could lead to confusion and board instability. Insurers seek…
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Michelle Connell, president at Portia Capital Management, said debt-funded AI capex reflects a structural shift, as rapid technological obsolescence and short chip lifespans force companies to reinvest continuously.
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