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Indian rupee opens lower at 95.75 against US dollar, pressured by Iran conflict, elevated crude prices and foreign outflows, outlook remains vulnerable.

Pine Labs reported a turnaround in profitability during the quarter, posting a net profit of ₹59 crore compared to losses earlier. Revenue grew 17% year-on-year, although it came in slightly below analyst expectations.

Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate…

Carraro India’s engineering services and e-transmission business is also gaining traction. It said its higher HP tractor export market is gradually recovering.

Siemens reported a 32.6% increase in its order inflow to ₹6,731 crore compared to ₹5,074 crore last year. This included the order from its parent group worth ₹1,830 crore in the mobility segment.

Sam Altman tells a CBA event AI has not caused the feared jobs apocalypse, says human interaction in work is irreplaceable, and OpenAI is preparing a US IPO with huge valuation ambitions

According to the latest telecom subscriber data for April, Vodafone Idea added 53,257 users during the month, higher than the 10,300 users added in March and 21,927 additions in February.

Gold and silver prices rise on dollar weakness and West Asia tensions, as investors await key US inflation data and Federal Reserve signals.

Senco Gold’s key monitorable for the next quarter would be the impact of the customs duty hike. The stock is up 10% so far this year.

Micron is also benefitting from the next stage of the AI chapter as investors are now betting on companies useful in building out this critical infrastructure, rather than those running the theme itself. The demand has triggered a global memory…