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Rupee settles 8 paise lower at 96.33 against US dollar

Mumbai, Jul 16 (PTI) The rupee depreciated for the fourth straight day, shedding 8 paise to settle at 96.33 (provisional) against the US dollar amid volatility in global crude oil prices and a stronger greenback as the West Asia crisis intensified. FII outflows put further pressure on the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 96.28 against the greenback and traded in a range of 96.22-96.37 during the session. It settled at 96.33 (provisional), down 8 paise from its previous close. The local unit had on Wednesday settled 9 paise lower at 96.25

Indian customs becomes second agency to fight Adani over nicotine pouches

NEW DELHI, July 16 (Reuters) – Indian customs authorities have joined the country’s health ministry ‌in its fight against the Adani Group over the sale of nicotine pouches at airports, arguing its duty-free shops only have tax advantages and are not immune from other regulations. A March ​inspection by health officials of billionaire Gautam Adani’s Mumbai international airport found ​the sale of nicotine pouches at its duty-free shops was against the ⁠law — a decision that his company is now challenging at Mumbai’s High Court. “The ​concept of goods being “outside customs frontiers” for taxation purposes does not grant immunity

More than 500 feared dead as officials investigate reports of boats capsizing with Rohingya refugees

SYDNEY, July 16, 2026 (AP) — More than 500 people are feared dead after reports that two boats carrying members of Myanmar’s persecuted Rohingya minority have capsized in the Bay of Bengal, officials said Thursday. According to preliminary information, the two boats left Myanmar’s western state of Rakhine in late June carrying mostly Rohingya passengers, including some who had traveled from refugee camps across the border in Bangladesh, according to a statement from the International Organization for Migration and the United Nations High Commissioner for Refugees. One boat, believed to have been carrying around 250 people, lost contact shortly after

India’s Gen Z ‘cockroaches’ took protest to the streets. Now they rally around a hunger strike

NEW DELHI, July 16, 2026 (AP) — The protest camp came to life as student demonstrators rolled up their bedding after another night under the open sky. At the heart of the camp, activist Sonam Wangchuk lay inside a tent, his weakened frame showing the toll of weeks on hunger strike. “If not fasting, what? Riots in the streets? That’s what we don’t want to do. So this is a peaceful way to take your voice to the government,” Wangchuk said on a recent afternoon as worried supporters checked on him. The 59-year-old has become an unlikely symbol of India’s

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