Currency Market News: Rupee gains 4 paise to close at 85.62 vs dollar amid strong FII inflows

Rupee appreciated 4 paise to settle at 85.62 (provisional) against the US dollar on Tuesday, buoyed by robust foreign capital inflows. However, gains were capped by a mixed performance in domestic equities, a rise in global crude oil prices, and a firm greenback overseas. According to exchange data, Foreign Institutional Investors (FIIs) were net buyers,…

Rapido looks to take slice of food delivery sector as it gears up to challenge Swiggy, Eternal

Ownly will not charge restaurants any commission fees and has committed to maintaining price parity between dine-in and delivery orders | Photo Credit: Akhila Easwaran Rapido, the ride-hailing platform, has launched ‘Ownly’, a zero-commission food delivery platform that promises to disrupt the duopoly of Swiggy and Zomato in the online food ordering space. “We are…

Republican Antitrust Officials Shouldn’t Behave Like Progressives

Reference to the Republican Party’s three greatest presidents can serve as a tool with which to judge and anticipate the still unsettled course of antitrust enforcement in the second Trump administration. Trumpian antitrusters have professed their intent to break from policies of the Biden appointees Lina Khan and Jonathan Kanter. However, the 47th president’s enforcement…

Xi Jinping Braces For Struggle 

Xi Jinping China’s long standing and presumably long-term leader, well known for his use of political purges to centralize power, and ensure his ongoing position within the Chinese Leadership.  In each of his previous terms he has launched at least one major campaign that has radically changed the make-up of China’s political establishment. Recently, The…