The Indian rupee fell past 85 to the US dollar for the first time on Thursday after the US Federal Reserve indicated a more measured pace of rate cuts, triggering uncertainty across financial markets.

The US cut interest rates by 25 basis points to bring down the Fed Funds rate to 4.25-4.50 per cent. The rupee was trading at 85.06 per dollar a little after 11am. The yield on the 10-year benchmark government bond rose by 4 basis points and was trading at 6.79 per cent.

Amid the controversy surrounding Union Home Minister Amit Shah’s comments on BR Ambedkar, Rashtriya Janata Dal (RJD) leader Lalu Prasad Yadav criticised Shah, calling him “mad” and urging him to step down from politics.

Yadav’s remarks came in response to Shah’s comments during the Constitution debate in the Rajya Sabha on Tuesday, where the Home Minister claimed that it had become a ‘fashion’ for the Congress to invoke Ambedkar’s name.

Retaliating against Finance Minister Nirmala Sitharaman's claim of having recovered assets worth Rs 14,131.6 crore, fugitive liquor baron and former member of parliament (MP), Vijay Mallya said on Wednesday that he is entitled to relief and that the agencies should legally justify how they have taken more than two times the debt he owed.

“The Debt Recovery Tribunal adjudged the Kingfisher Airlines (KFA) debt at Rs 6,203 crores including Rs 1,200 crores of interest.

The Federal Reserve adjusted a key part of its rate control toolkit on Wednesday, lowering the rate it offers on its reverse repo facility by more than it cut the federal funds rate.

The Fed said that the reverse repo rate will now stand at 4.25% from its prior level of 4.55%, marking a 30 basis point easing, while it lowered the federal funds target rate range by a quarter percentage point to between 4.25% and 4.5%.

Prime Minister Narendra Modi favoured detailed discussion at every level on the 'one nation, one election' bill and wanted it to be referred to a Joint Committee of Parliament, Home Minister Amit Shah said on Tuesday.

Shah made the remarks in Lok Sabha when the House was hearing objections to the introduction of the Constitution (129th Amendment) Bill that seeks to usher in simultaneous polls to the Lower House and state assemblies.

Reliance Power on Tuesday said its arm Reliance NU Suntech has secured a solar project of 930 MW and 465 MW battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI).

The project will see the second largest deployment of grid storage batteries at a single site in Asia, after China, a company statement said.

Shares of PC Jeweller rallied up to 4.90 per cent at 19.25 per share on the BSE in Tuesday’s intraday deals. The stock of the company has surged 10.12 per cent in the last two sessions after the company’s shares began trading ex-date for its stock split in a 1:10 ratio on Monday.

The ex-date (or ex-split date) is the date on or after which a stock trades without the entitlement to the stock split benefit. Investors who buy the stock on or after the ex-date will not be eligible for the additional shares from the split.

Businessman Raj Kundra on Tuesday questioned the Enforcement Directorate over attaching his properties in the case related to Amit Bhardwaj's Bitcoin scam.

Speaking with ANI, Kundra said that he met Bhardwaj when he was a respected businessman and had introduced him to an Israeli friend.

"That Introduction has caused me too much that my properties are attached" Kundra reflected.

The 'One Nation, One Election' Bill was tabled in the Lok Sabha on Tuesday. The proposal aims to conduct simultaneous elections for the Lok Sabha, state Assemblies, and local bodies.

On December 12, the Union Cabinet, led by Prime Minister Narendra Modi, approved the proposal. The constitutional amendment bill seeks to establish provisions for holding Lok Sabha and state legislative Assembly elections simultaneously.

Mining major Vedanta Ltd on Monday said its board has approved fourth interim dividend of Rs 8.5 per equity share for FY25, amounting to Rs 3,324 crore.

The company said in a stock exchange filing that the record date for payment of dividend will be December 24 and it will be paid within the stipulated timeline.

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