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Rupee falls 18 paise to close at 95.34 against US dollar

Mumbai, Jul 2 (PTI) The rupee pared initial gains and settled for the day on a negative note, lower by 18 paise at 95.34 (provisional) against the US dollar on Thursday, as the support from easing crude oil prices was negated by robust dollar demand from importers and corporate hedgers. Forex traders said the Indian rupee opened higher on an overnight decline in the US dollar following less hawkish comments from Fed Chair Kevin Warsh and a fall in crude oil prices. However, the rupee lost its initial gains on FII outflows and dollar demand from hedgers. At the interbank

Stock markets rally for 2nd day on easing crude oil prices, buying in IT firms

Mumbai, Jul 2 (PTI) Stock market benchmark indices Sensex and Nifty ended nearly one per cent higher on Thursday amid softening crude oil prices, following positive developments on the geopolitical front and buying in blue-chip IT stocks. The 30-share BSE Sensex jumped 579.48 points, or 0.75 per cent, to end at 77,502.12. During the day, it surged 656.29 points, or 0.85 per cent, to 77,578.93. The 50-share NSE Nifty rallied 169.85 points, or 0.71 per cent, to settle at 24,175.70. From the Sensex pack, Infosys jumped 5.64 per cent, followed by Tech Mahindra (4.32 per cent), Tata Consultancy Services (4.28

WhatsApp issues FAQs on username feature amid government scrutiny over fraud, impersonation risks

New Delhi, Jul 2 (PTI) Meta-owned WhatsApp has released a detailed set of frequently asked questions (FAQs) on its upcoming username feature, outlining how it plans to address concerns around impersonation, scams and unwanted contact as users begin reserving usernames. The FAQs come after the Centre issued a notice to Meta, flagging concerns over potential fraud and impersonation risks and warning the company against rolling out the feature until consultations on the issue are completed “to the satisfaction of the government”. The upcoming feature will allow users to create unique usernames that can be used to connect on WhatsApp without sharing

World Bank upgrades Sri Lanka to upper middle-income status

Colombo, Jul 2 (PTI) The World Bank has upgraded Sri Lanka’s status to an upper-middle-income economy, three years after the island nation faced the worst economic crisis, which pushed the country to the brink of collapse. The World Bank, in its latest income classification update released on Wednesday, reclassified Sri Lanka from the lower-middle income category after the economy expanded by 5 per cent in 2025. The expansion in the economy has been supported by a broad-based recovery across industries and growth in tourism and financial services. Describing the country as “a story of recovery”, the World Bank said: “Just

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