Rupee falls 10 paise to 94.66 against US dollar as crude nears $98 Rupee remained under pressure in early trade on Tuesday, slipping 10 paise to 94.66 against the US dollar as rising crude prices and geopolitical tensions in the Middle East weighed on investor sentiment.The currency had opened at 94.49 against the dollar at…
Asian markets were mixed, with South Korea and Taiwan among the markets showing gains, while Hong Kong and Australia traded lower. The Hang Seng Index fell 141.87 points, or 0.56%, to 25,271.25. South Korea’s Kospi gained 133.69 points, or 1.91%, to 7,129.08, while Taiwan’s index rose 184.81 points, or 0.39%, to 47,511.08. Japan’s Nikkei was…
Brent crude climbs beyond $97 as Strait of Hormuz disruptions choke global oil supplies Oil prices inched higher on Tuesday as conflict in the Middle East continues to intensify, disrupting global oil supplies for over six months now. Brent crude was up 0.05%, or $0.05, at $97.05 while WTI crude rose 1.03%, or $0.94, to…
We’ll make Air India great again: Gebremariam NEW DELHI: “Focus on safety, financial stability, winning trust of passengers and offer a consistent customer experience.” Tata Sons and Air India chairman N Chandrasekaran Monday set the objectives for the airline and its new boss in a town hall with the carrier’s outgoing and incoming MDs and…
Blackstone Inc is among global investment firms in the fray to buy a stake in IIFL Finance, just as Fairfax Financial Holdings looks to exit from the company, according to people familiar with the matter.Fairfax, founded by Indian-born Canadian billionaire Prem Watsa, is weighing selling its entire holding in IIFL Finance to comply with regulatory…
Union minister of state for commerce and industry Jitin Prasada met US Commerce Secretary Howard Lutnick on the sidelines of the G20 Summit NEW DELHI: India has joined the United States and 24 other countries in an initiative aimed at shaping the development of next-generation 6G networks, the US department of commerce said.Union minister of…
MUMBAI: Swiggy is selling its retail distribution platform Lynk Logistics to B2B e-commerce startup Udaan, the companies said on Monday. As part of the deal, which has been structured as a share-swap transaction, Swiggy will acquire a 2.8% stake in Udaan.The food and grocery delivery major will also make a cash infusion of Rs 75…
Crude import price hits $100-a-barrel mark NEW DELHI: India’s average crude import price crossed the $100 per barrel mark for the first time in six weeks last Friday and is likely to rise further as international crude prices surge amid intensified hostilities in West Asia and supply disruptions through the Strait of Hormuz.Indian basket of…
The CII Business Confidence Index rose to 66.0 in Q2FY27 from 60.8 in the previous quarter, signalling stronger business expectations. Business confidence among Indian companies improved sharply in the second quarter of FY27, with firms expecting stronger demand, higher capacity utilisation and increased hiring despite continuing global uncertainties, according to a Confederation of Indian Industry…
The High Court has made it clear that the statutory safeguard also covers the work she performs. (Image for representative purpose only) A woman with 14 years’ experience returned to her job after maternity leave only to find that while her salary had remained the same, her managerial duties had been reduced. Now the Delhi…
