Rupee dives to all-time low versus dollar

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

New Delhi [India], March 12: Hyland, the pioneer of The Content Innovation Cloud™, is pleased to announce the appointment of Kumaran Sasikanthan as Managing Director, India and Senior Vice President of Engineering. With more than 25 years of enterprise engineering and leadership experience, Sasikanthan is a seasoned enterprise software executive with a strong track record of scaling global engineering organizations. In this dual role, Sasikanthan will play a strategic leadership role in advancing Hyland's growth across its India operations while also leading the company's global OnBase and Perceptive Content engineering teams. His appointment reflects Hyland's continued investment in India as a key driver of innovation, scale, and global collaboration. Veteran enterprise software leader to drive growth across India operations while advancing Hyland's global engineering strategy and innovation at scale.

New Delhi [India], March 12: Motorola, a global leader in mobile technology and innovation and India's leading AI smartphone brand#, today announced the sale of the motorola edge 70 fusion, bringing breakthrough camera innovation, immersive visuals, intelligent AI experiences, and massive battery life to the mid-premium smartphone segment. Starting today, consumers can purchase the device from 12PM onwards on Flipkart, Motorola.in, and leading retail stores across India, at an effective launch price starting at just Rs. 24,999*.

Steel Authority of India Limited (SAIL) recorded its highest-ever sales performance during the first 11 months of the current fiscal year, bolstered by a 14 per cent year-on-year (YoY) growth. According to the Ministry of Steel, SAIL achieved total sales of 18.24 million tonnes (MT) between April 2025 and February 2026. Alongside this volume growth, the company expanded its product portfolio through the reintroduction of chequered plates to meet specific market demands.

New Delhi [India], March 11: Nippon Paint India, part of the NIPSEA Group and the No. 1 paint and coatings companies in the Asia Pacific region, has announced a strategic partnership with Humble Bee, a purpose-driven social enterprise working to transform India's beekeeping ecosystem through innovation and sustainable practices.

Private life insurers reported robust 20.2 per cent year-on-year (YoY) growth in individual Annualized Premium Equivalent (APE) as the industry continues to see significant expansion. According to a Nuvama report, for FY26TD, the market share for private insurers in the individual APE segment surged 164bp YoY to 72.4 per cent.

Kolkata (West Bengal) [India], March 11: In the evolving world of destination weddings, where experiences increasingly define celebrations, A2Z Events & Weddings has carved a distinctive space for itself as a brand that approaches weddings as thoughtfully designed experiences rather than conventional events.

Istanbul [Turkey], March 10: Turkcell and ZTE/Netas have signed a new collaboration agreement in the field of fixed wireless access (FWA). Within the scope of this collaboration, ZTE/Netas's next-generation FWA solution, which combines 5G and Wi-Fi 7 technologies, will be positioned within the Turkcell 5G Superbox ecosystem to support Turkcell's broadband vision.

Bengaluru (Karnataka) [India], March 10: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, 'CA Grameen', or the 'Company'), the country's largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has signed a syndicated social loan facility of USD 75 million, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI). HSBC acted as the Sole Mandated Lead Arranger and Bookrunner for the social loan fund raise, securing participations from HSBC (Gift City), Doha Bank (Qatar), State Bank (Mauritius) Ltd., Bank of China Ltd. (China), and National Development Bank Plc (Sri Lanka). This transaction reinforces CA Grameen's strong track record of raising international funds through innovative financing solutions.

The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's oil infrastructure has been damaged. The Strait of Hormuz is closed. LNG supply from Qatar is closed. Natural gas price has surged by 50%," the report added.