Global investors expect the Indian rupee to weaken further, with some even gaming out scenarios where the currency falls to an unprecedented 100 per dollar.

Firms including Aberdeen Investments, MetLife Investment Management and Gamma Asset Management SA say the rupee hitting three digits versus the greenback remains a possibility.

Union Civil Aviation Minister Kinjarapu Rammohan Naidu on Wednesday said the country must be prepared to tackle any possible fallout of the escalating crisis in West Asia, although the situation was "not worrisome for India at present".

During his maiden visit to Ranchi, Naidu said every sector, including civil aviation, must plan proactively to minimise the impact of the cirsis on people and the country.

President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack.

“I hope we don’t have to do the war, but we may have to give them another big hit,” Trump told reporters on Tuesday.

Reliance Industries Limited (RIL) and two other foreign firms on Wednesday told the Supreme Court that they would write to the Centre for mediation in the Krishna-Godavari basin gas migration dispute.

The matter was mentioned before a bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi.

The West Bengal government on Monday sanctioned the prosecution of former R G Kar Medical College and Hospital principal Sandip Ghosh in connection with a case of financial irregularities linked to the institution.

An order issued by the Department of Health and Family Welfare stated the governor, being the competent authority.

India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs.

The world’s top edible oil buyer is examining whether higher taxes would help local farmers fetch better prices for their crops, according to a person familiar with the matter.

The US Treasury will extend a sanctions waiver allowing purchases of Russian seaborne oil for another 30 days to aid “energy-vulnerable” countries cut off from Gulf oil supplies, Treasury Secretary Scott Bessent said on Monday.

Bessent said the Treasury was issuing the 30-day general licence after a previous waiver lapsed on Saturday.

Petrol and diesel prices were hiked by about 90 paise per litre on Tuesday, marking the second increase in fuel rates in less than a week after state-run oil firms ended a nearly four-year freeze on revisions.

The increase pushed petrol prices in New Delhi to ₹98.64 per litre from ₹97.77, while diesel rose to ₹91.58 from ₹90.67, according to industry sources.

Reliance Industries Ltd. is in talks with Chinese battery behemoth CATL and other global suppliers to procure parts for battery energy storage systems, according to people familiar with the matter, as India’s largest company seeks to advance its renewable energy ambitions in the face of China’s tech curbs.

The talks could pave the way for Reliance to have a second major source of battery components at its upcoming facility in Jamnagar, a city in the state of Gujarat, said the people, who asked not to be identified because the discussions are private.

The Trump administration on Monday moved to dismiss criminal fraud charges against Indian billionaire Gautam ​Adani, while also settling alleged Iran sanctions violations involving ​one of his companies.

The resolution of outstanding cases against one of the ‌world's richest people came after Adani's attorney, who is also a personal attorney of US President Donald Trump.

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