Mumbai: Benchmark equity indices Sensex and Nifty rebounded nearly 1 per cent on Wednesday after falling sharply in the previous session, propelled by softening crude oil prices and hectic buying in bank, financial and IT shares. The 30-share BSE Sensex jumped 790.54 points, or 1.04 per cent, to settle at 76,991.22. During the day, it…
New Delhi: India’s ethanol blending programme remains safe, consumer-friendly, and economically beneficial, the government said, dismissing concerns that the use of E20 fuel could affect the validity of vehicle insurance policies. The oil ministry, in a statement, said claims linking E20 fuel use to insurance invalidation had been clarified with relevant stakeholders and were found…
Mumbai: The Reserve Bank of India (RBI) on Tuesday injected Rs 1,41,171 crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. The funds were infused at a cut-off and weighted average rate of 5.26 per cent, according to the RBI’s release. This was done after the liquidity in the…
Mumbai: Stock market benchmark indices Sensex and Nifty were trading flat in a subdued trading on Tuesday, as investors stayed on the sidelines after the recent rally. Weak trends in Asian markets and fresh foreign fund outflows also led to the subdued trading in equities during the early deals. The 30-share BSE Sensex declined 57.43…
New Delhi: The World Bank’s Board of Executive Directors has approved USD 1.5 billion in financing to support India’s structural reforms aimed at boosting private sector-led job creation and accelerating economic growth. The financing, provided under the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation, is expected to support reforms that…
Mumbai: The rupee depreciated 15 paise to 94.48 against the US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market. Forex traders said the rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while a nervous Middle East…
New Delhi: The Central Board of Secondary Education (CBSE) declared the revaluation results on Sunday for students who applied for verification and re-evaluation of their Class 12 board exam answer sheets. “CBSE has commenced the release of Class XII Verification of issues observed and Re-evaluation outcomes,” CBSE said in a post on X. “The outcomes…
New Delhi: The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM…
New Delhi: Oil and Natural Gas Corp (ONGC) should increasingly be seen as a “gas-and-oil” company rather than an oil-and-gas producer, its chairman Arun Kumar Singh said, underscoring a strategic shift as natural gas output outpaces crude oil. “Gas is now slightly more than oil in our portfolio,” Singh told analysts, adding that ONGC’s future…
New Delhi: India’s crude oil imports from Russia surged in June, while shipments from the United Arab Emirates were near-record levels as refiners sought to secure supplies ahead of the full restoration of flows from Gulf producers following the reopening of the Strait of Hormuz, analysts said. India imported an average of 2.66 million barrels…
