Rupee Surge: Rupee surges 66 paise on RBI governor’s remark, sensex up 776 points

File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra (Picture credit: Reuters) MUMBAI: The rupee strengthened sharply on Monday, closing at 95.91 against the US dollar, up 66 paise from its previous close, after RBI governor Sanjay Malhotra signalled that the domestic currency was undervalued and highlighted robust foreign currency inflows.The central bank’s supportive…

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US firms training AI using Chinese examples: Beijing

Beijing accused US artificial intelligence firms Monday of using Chinese examples to train their models, days after Washington threatened sanctions on Chinese firms for allegedly stealing American technology.“It is understood that many American artificial intelligence enterprises have distilled Chinese models during their research, development and training processes,” the Chinese commerce ministry said in a statement.Distillation…

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Hdfc Bank Penalties: ‘Extra payout’ to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

The review found instances of “business overreach” but no evidence of mala fide intent or personal gain MUMBAI: HDFC Bank’s board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning…

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Gold price prediction today: Gold rises, but will the upside be limited? Check outlook for July 27, 2026 week

Technically, gold appears to be forming a base after the recent decline, with buyers gradually regaining control. Gold price prediction today: Gold prices have staged a recovery as geopolitical tensions show signs of abating, but the gains are likely to be limited ahead of the US Federal Reserve’s policy this week, says Manav Modi, Senior…

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Stocks to buy: What’s the outlook for Nifty for July 27-July 31 week? Check list of top stock recommendations

Stock market recommendations: Hindustan Aeronautics Ltd (HAL), and United Spirits Ltd have been identified by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities as the top stocks to buy this week starting July 27, 2026. He has also shared his views on Nifty and Bank Nifty: Stock recommendations: Hindustan Aeronautics LtdHAL has delivered…

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Discount, premium, discount, premium: How Russian crude prices swung as India stepped up procurement amid US-Iran war

Before the war, Russian oil was available at discounts of around $2 per barrel. Russian oil which remained the mainstay of India’s crude procurement strategy since the US-Iran conflict began has swung from being available at high premiums to discounts and back at premiums again as the Middle East conflict situation has evolved.The conflict in…

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