The move is part of an exercise to win back customers who have flocked to more nimble private banks in recent years NEW DELHI: From facilitating loans to startups to special savings accounts for students and credit card offers, state-run Punjab National Bank (PNB) is rolling out the red carpet for young customers.“Every young person … Read more
Two-and three-wheeler imports have shot up to $107 million during April-Aug, compared with $2 million a year ago NEW DELHI: Every cheer for electric vehicle sales in the country also means that import of batteries from China goes up too given the complete dominance India’s neighbour enjoys in the global trade of this product.Not surprisingly, … Read more
File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent has accused European countries of refusing Washington’s request to impose secondary tariffs on India and China for purchasing Russian oil, questioning why the United States should bear the burden of pressuring Moscow alone.Speaking to NBC News’ Meet the Press on Sunday, Bessent said … Read more
NEW DELHI: India’s crude import bill surged 46% year-on-year in Sept, while import volumes rose only 7%, as oil prices remained elevated amid concerns over prolonged disruptions to supplies from West Asia.Provisional data compiled by the Petroleum Planning and Analysis Cell (PPAC) showed that India imported 21.7 million tonnes (MT) of crude in Sept, compared … Read more
Indian refiners’ fuel exports to the West jump 43% as they keep processing Russian crude Russian crude is finding its way to Western markets through Indian refineries, with countries including the EU, Australia, the US and New Zealand buying oil products worth 1 billion euros ($1.2 billion) in September.Refineries in India, Turkiye and Brunei shipped … Read more
FMCG price hikes may follow after Diwali as costs climb The festive season may bring cheer to shoppers, but for FMCG companies, rising costs are turning out to be a bitter pill. With prices of key raw materials climbing, companies are struggling to protect their profit margins without making everyday products more expensive for consumers. … Read more
Geopolitical cues, earnings, foreign inflows & more to keep Dalal Street busy Stock markets are likely to track quarterly earnings, crude oil prices, foreign investor activity and developments in the Middle East in the holiday-shortened week ahead. Rupee’s movement against the US dollar will also be on investors’ radar, analysts said.Indian markets have risen for … Read more
Oil companies change ethanol recipe The government is changing the way oil companies source ethanol for blending with petrol, with sugar-based raw materials being taken out of the latest procurement tender for 2026-27.State-run oil marketing companies (OMCs) will no longer buy ethanol made from sugarcane juice, sugar syrup and B-heavy molasses under the tender. The … Read more
FPI outflows from Indian equities hit Rs 52,100 crore in October NEW DELHI: Foreign investors have pulled Rs 52,100 crore out of Indian equities in October so far, taking their total withdrawals from the market in 2026 to Rs 3.12 lakh crore. The latest round of selling comes amid high crude oil prices, rising US … Read more
Top-10 firms add Rs 3.65 lakh crore in mcap A strong week in the stock market added Rs 3.65 lakh crore to the combined market value of nine of India’s top-10 most valued firms. TCS led the gains, followed by Bharti Airtel and Infosys. Larsen & Toubro was the only firm in the group to … Read more