Oil flows from the Middle East have topped prewar levels at over 24 million barrels a day despite escalating attacks on shipping in Hormuz Persian Gulf oil exports have climbed above prewar levels despite intensifying attacks on shipping in the Strait of Hormuz, as tankers adapt to the risks with US protection and alternative routes…
Jio Platforms is expected to have a market capitalisation of around Rs 10.3 lakh crore at the upper end of the price band. Jio IPO: The Qualified Institutional Buyers (QIB) category in Jio Platforms’ IPO has been subscribed more than twice over within minutes of the issue opening on Wednesday.Demand for the QIB portion had…
Rupee gains against US dollar NEW DELHI: Rupee jumped nearly 0.5% against the US dollar on Wednesday, climbing to a six-week high of 94.50. The rally came as foreign currency inflows linked to the Jio IPO and gains at the Dalal Street supported the currency. At the same time, support from the Reserve Bank of…
Goldman Sachs warns commodity prices could remain volatile through 2027, crude could hit $140 (representative image) Commodity prices could remain volatile through 2027 as geopolitical conflicts, disruptions to energy and agricultural supplies, and extreme weather risks threaten global markets, with crude oil, European natural gas and agricultural commodities facing significant upside risks, according to a…
The state-run refiner is reassessing its crude sourcing strategy amid supply disruptions and soaring freight costs linked to the Iran war. Indian Oil Corporation (IOC), India’s largest refiner, plans to scale back crude oil purchases from Middle Eastern suppliers under annual contracts for the financial year 2027-28, as the prolonged Iran war continues to disrupt…
The rupee traded between 94.35 and 94.82 against the US dollar during the session The rupee strengthened sharply on Wednesday, rising 53 paise to close at 94.38 against the US dollar, supported by foreign currency inflows linked to Reliance Industries’ Jio Platforms IPO and intervention by the Reserve Bank of India (RBI).The recovery came despite…
Including the commitments secured from anchor investors earlier this week, Jio Platforms’ IPO has attracted around Rs 77,892 crore Jio IPO subscription: Jio Platforms Ltd’s initial public offering (IPO) on Wednesday received subscriptions for 3.16 times the 19.75 crore shares available. Institutional investors accounted for the strongest demand. The offer will remain open for subscription…
HDFC Bank probe finds two senior executives shared sensitive information with outsiders NEW DELHI: HDFC Bank has found evidence that two senior executives shared confidential business plans and possibly market-sensitive information with outsiders, according to a Bloomberg report.The probe began after some bank leaders raised concerns about possible leaks. The two executives, who oversee key…
The rally was driven by strong performance in iron ore, electricity, coal, refinery products, cement and steel NEW DELHI: India’s core sector growth accelerated to 7.9 per cent in September 2026, up from 5.9 per cent in August, driven by strong output across six of the eight key infrastructure industries, according to data released by…
India’s coal-fired power plants face critical fuel shortages as demand rises NEW DELHI: India’s coal-fired power plants are running low on fuel, with nearly half holding coal that can generate power for fewer than three days.The squeeze is getting tighter, with the number of plants reporting critically low stocks climbing to 96 out of 191…
