Business

The currency opened 0.5% stronger at 94.92 against the US dollar, its highest level since July 1. It later gave up nearly half of its early advance to settle at 95.1175 per dollar, its strongest closing level since July 7.

Both the S&P 500 and the Dow closed at record highs on Tuesday, while the Nasdaq remained within 2% of its all-time peak. The major US indices have posted strong gains so far this week, giving August a solid start, according to an AP report.

Tewolde Gebremariam takes over from Campbell Wilson, the New Zealander and former Singapore Airlines executive who was appointed in 2022 to lead Air India’s transformation. Air India had earlier disclosed that Wilson had informed Chairman N Chandrasekaran in 2024 of his intention to step down during 2026.

Experts say that instead of timing the interest rate cycle, fixed deposits should be opted for based on goals and cash flow. But, if you are looking at fresh investments in FDs, higher interest rates may be a good lure. Is it the right time to invest in FDs? We ask experts:

Google leads India’s most attractive employer brands, with Tata Group and Amazon following closely. Nearly half of India’s workforce plans job changes within the next six months. Work-life balance and career progression are key factors influencing employee preferences. Employers must adapt to evolving talent expectations beyond conventional benefits. Organisations offering growth and flexibility will attract

India’s services sector growth slowed significantly in July, reaching its weakest pace in over four years. New business inflows expanded at the slowest rate since early 2022, driven by softer demand. Overseas demand remained relatively resilient, with export business outperforming overall sales growth. Employment growth improved modestly, while business confidence weakened to a seven-month low.

According to official estimates, the Rs 2,000 threshold would cover only around 5% of all UPI transactions, although these account for nearly 65% of the total value processed on the platform. As a result, routine purchases such as milk, vegetables, groceries, or payments for auto-rickshaws and taxis are unlikely to be affected. UPI processed 23.7

Indeed, RBI governor Sanjay Malhotra has acknowledged that the conflict in West Asia continues to weigh on the global economy by disrupting critical trade routes and supply chains, increasing market volatility and weakening business confidence. But the biggest factor for keeping repo rate unchanged was that while inflation has risen, the impact of cost pressures

SpaceX has reported a reduced loss alongside increased revenue, mainly driven by its burgeoning Starlink business. With ambitions to dominate global internet services, Starlink’s subscriber count has now doubled. The company is heavily investing in artificial intelligence and infrastructure, aiming for an impressive $100 billion in annual revenue by year-end, while also planning to launch