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Get the appGetThe Indian rupee weakened for the third consecutive session due to increased dollar demand from importers and foreign capital outflows. It closed marginally up by three paise at 95.12 against the US dollar, influenced by elevated crude oil prices. Despite RBI efforts to support the currency, the rupee faced pressure, closing at 95.15 in another session.
Reuters·
India has evacuated tens of thousands of people as the 'very severe' Cyclone Arnab approaches. The cyclone's impact is expected to reach up to the Krishna district, with Andhra Pradesh on high alert. The Home Ministry has directed state governments to take precautionary measures to ensure safety amid the approaching storm.
Al Jazeera·
Regal Global Entertainment has successfully completed its loan refinancing following an upgrade in its credit rating by Moody’s. This refinancing move comes as a result of the improved rating, which reflects the company’s stronger financial position. The upgrade by Moody’s has enabled Regal Global Entertainment to secure better loan terms and enhance its financial stability.
KuCoin·
The number of UK businesses experiencing financial distress has reached its highest level in two decades, according to recent reports. This indicates significant economic challenges for companies across the country, reflecting broader financial pressures in the business sector. The Guardian highlighted this trend, emphasizing the severity of the situation for UK enterprises.
The Guardian·
Following President Trump's signal, the US military has issued a 96-hour ultimatum to Iran amid escalating tensions. Iran claimed to have shot down a US drone, increasing the risk of conflict. Analysts suggest upcoming US and Israeli elections could influence the war scenario. Iran insists its policies will remain unchanged regardless of war, while threats of nuclear attacks in Tel Aviv have also surfaced.
News18 Hindi·
India's Ministry of Culture has signed a Memorandum of Understanding (MoU) with the Bibliothèque nationale de France to enhance the preservation of India's manuscript heritage. This collaboration aims to strengthen efforts in conserving and promoting India's valuable historical manuscripts through shared expertise and resources.
Press Information Bureau·
Reuters·
The Indian rupee weakened for the third consecutive session due to increased dollar demand from importers and foreign capital outflows. It closed marginally up by three paise at 95.12 against the US dollar, influenced by elevated crude oil prices. Despite RBI efforts to support the currency, the rupee faced pressure, closing at 95.15 in another session.
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