Business

The rupee lost 0.2 percent on the week, and the RBI spent the week selling dollars to keep it there

The currency closed Friday at 95.4250 per dollar, inside a band of less than 30 paise. Oil, importer demand and a threatened blockade of Iran were pulling the other way. India still imports about 90 percent of its crude.

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Business

L&T took a ₹10,000-15,000 crore order to build India's largest AI factory, for a US cloud company

L&T's own band is ₹10,000 to ₹15,000 crore. The Chennai site is supposed to hold 10,000 Nvidia B300s.

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Business

India floated a ₹1 lakh crore tender for 60 transport aircraft, and Tata, Mahindra, and HAL are already in the race

About 20% would arrive fly-away. The rest are supposed to be built in India with over 60% local content.

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Business

Paramount's CEO says he'll move the company out of California entirely if the state won't negotiate

$500 million a year in tax savings is on the table. So is a $7 million-a-day penalty starting October 1.

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Business

A US judge dropped 3 of 5 charges against Gautam Adani, then spent 47 pages criticizing why

The Justice Department asked for the dismissal itself. The judge granting it isn't happy about how they did it.

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Business

India's GST collections just hit a 14-month high, and imports are doing the heavy lifting

Gross GST revenue rose 15.4% in July, and the growth isn't coming from where you'd expect.

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