In the trade market, Indian currency continued to fall and depreciate against the US Dollar, giving concerns to investors and traders. On October 10, the rupee fell by 39 paise, to an all-time low of 82.69 against the US dollar, whereas the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02% higher at 112.81.
Global carmakers Tata Motors launched its new Tiago EV hatchback in India at Rs 8.49-11.79 lakhs, on September 29. The newly designed car is third in the electric PV market. The bookings for the new Tiago EV will begin from October 10, with a booking cost of Rs 21,000, only for the first 10,000 bookings, of which 2,000 will be reserved for customers with two EV models of Tata.
Courtesy: Economic Times
After an all-time low of 40 paise, the rupee increased by 35 paise, to 81.58 against US Dollar, in the early market. On September 29, At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, which led to overcoming an all-time low, which touched the 82 mark, against the USD on September 28. In addition, the dollar index rose 0.61% to 113.28.
The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on September 28. With this fall, the American currency strengthened and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite. In addition, at the interbank foreign exchange, the rupee opened at 81.90 against the greenback.
In the trade market, the rupee fell to an all time low by 44 paise to 81.13, against the US dollar, on September 23. With depriciation, at the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23. The fall in the currency is a major concern for investors and raised geopolitical risks in the international market.
Indian multinational conglomerate Tata Group is in talks with a Taiwanese supplier to Apple Inc. to establish an electronics manufacturing joint venture in India. The company is seeking to assemble iPhones in the South Asian country, for Indian markets. As per local media, Wistron, a supplier to Apple, will establish an electronics manufacturing joint venture in the country along with the Tata Group. Official confirmation is awaited.
Basys.ai, Harvard-based health-tech startup founded in 2020 by Amber Nigam and Jie Sun, claims its in-house technology would aid enhance doctors' clinical decision-making in controlling their patients' metabolic health. To deploy its platform, the business has begun conversations with healthcare providers in India through Ayushman Bharat Digital Mission. Amber claims as… read-more
Courtesy: Your Story
The Union minister said, India's gold demand went up by 43% during the April-June quarter, which stood at 170.7 tonnes, higher than the previous 119.6 tonnes. However, considering the inflation factors ahead, including Rupee-USD rates and policy measures consumer sentiments could be hurt, as prices could go up. Notably, India's gold demand increased by 54% during the second quarter to Rs 79,270 crore, compared to Rs 51,540 crores.
Courtesy: Press Trust of India
Amid the fear of recession, crude oil prices reduced globally, on June 21. The decline in prices came after the fear of tightening monetary policy by central banks. With this fall in prices, the crude oil prices are currently trading at $110, compared to the previous $123. Another reason for this decline is the lockdown imposed in many parts of the world, leading to ramp-up production.
The Royal Enfield Hunter 350 will be available in the Indian market by the second week of August 2022. The Hunter 350 will most likely share the Meteor 350's structure and engine. The same J-platform and 348 cc single-cylinder engine will be used. It is projected to be priced in the range of an entry-level motorcycle, with a price tag of roughly Rs 1 lakh.
Courtesy: Zee News