Mumbai: Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE…
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. “We are in a neutral state…possibility either way, any…
Mumbai: The Reserve Bank on Wednesday, as expected, kept interest rates unchanged amid hopes of a global recovery on the back of a ceasefire in the six-week-long US/Israel-Iran conflict. The policy decision comes as a month-and-a-half-long conflict in West Asia has disrupted energy supplies, driven up crude oil prices, and created fiscal and inflationary pressures…
Washington: US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick here and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Gor said he discussed with Lutnick a new Memorandum of Understanding that seeks…
New York: Billionaire Gautam Adani has moved a US court seeking dismissal of a US Securities and Exchange Commission’s securities fraud lawsuit, arguing the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction. The SEC had sued Adani Group founder and his nephew, Sagar, in November 2024, alleging…
Mumbai: Tata Group-owned Air India Chief Executive Officer Campbell Wilson has resigned from the position, according to a source. Wilson was appointed as Air India’s CEO and MD in July 2022, following former Turkish Airlines Chairman Ilker Ayci’s decision not to take up the top job in March 2022 amid a controversy. Tata Group acquired…
The Sensex is back to where it stood in early 2023. For a generation of investors who entered the market riding the post-pandemic bull run, this feels like a betrayal. It isn’t. It is, in fact, the most important lesson the market will ever teach them , and it is being offered for free. Let me…
Special Correspondent In India, cricket has long transcended sport. It is emotion, identity, and for millions, nothing short of religion. But over the last two decades—especially in the era of the Indian Premier League—this passion has quietly transformed into something else: one of the most lucrative investment vehicles in the country. A recent wave of…
New Delhi: The Delhi government has tightened norms for the supply of commercial LPG cylinders, making it mandatory for businesses to either have or apply for a piped natural gas (PNG) connection in areas where the network is available, according to an official order. In an order issued by the Food, Supplies, and Consumer Affairs…
New Delhi: The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz. The Ministry of Petroleum and Natural Gas said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products…
