Rupee slides to new low of 96.53 vs dollar

MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustained high crude oil prices and adverse global cues weighed on the currency. The local unit closed 18 paise lower compared to 96.35 in the previous session, after touching an intraday…

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Courts not bound by govt’s N-liability cap

NEW DELHI: Supreme Court on Tuesday said courts are not barred from determining govt’s additional liability towards citizens in case of an unforeseen nuclear power plant mishap, notwithstanding the Sustainable Harnessing and Advancing of Nuclear Energy for Transforming India (SHANTI) Act capping operator’s liability at Rs 4,000 crore. The remarks came from a bench of…

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‘Auto demand healthy despite rise in input cost’

NEW DELHI: India’s automotive industry is facing mounting pressure from rising commodity prices and global trade uncertainty, even as long-term demand and the shift towards electric mobility continue to support growth prospects, Assocham president Nirmal Minda said.He told TOI that raw material costs across plastics, aluminium and tungsten had increased sharply, putting pressure on manufacturers…

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India rejects claims of human rights violations

NEW DELHI: Faced with questions from Norwegian media about human rights in India, govt strongly rejected allegations of violations, highlighting the country’s constitutional values of justice, liberty and freedom of expression. This was the second time MEA rejected such allegations during PM Modi’s ongoing Europe tour, responding earlier to queries in the Netherlands about Dutch…

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