Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. (Reuters photo) The Middle East conflict and the closure of Strait of Hormuz led to the biggest oil supply shock and disruption in recent times. Global oil supply fell by 13.6 million barrels per day, which … Read more
Rupee opened Friday on a stronger note against the US dollar, rising 14 paise in early trade as upbeat sentiment in equity markets supported the currency. However, gains remained capped due to sustained foreign fund outflows and firm crude oil prices amid escalating tensions in the Middle East, according to forex traders.At the interbank foreign … Read more
Representative image (IANS photo) India’s corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting on Friday and HDFC Bank, ICICI Bank and Kotak Mahindra Bank following on Saturday.Results so far show a mixed pattern. Profits have grown consistently, but some companies have missed analyst estimates.Corporate … Read more
Experts note that the lack of adequate skills is not altogether the problem – it’s the job market. H-1B visa holders returning to India due to layoffs or uncertainties pertaining to the Donald Trump administration’s immigration policies and tighter visa guidelines are facing a harsh reality – jobs back home are not readily available.US technology … Read more
Top stocks to buy today (AI image) Top stock market recommendations: Anant Raj, Sobha Ltd, and PNB Housing Finance have been identified as the top stocks to buy by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management for July 16, 2026. Views on Nifty and Bank Nifty have also been … Read more
India exports $140 million worth of goods to UK as FTA takes effect NEW DELHI: India exported goods worth over $140 million to the UK at zero import duty on the first day of the India-UK Comprehensive Economic and Trade Agreement (CETA) coming into force on Wednesday, Commerce Secretary Rajesh Agrawal said.More than 50 export … Read more
The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet … Read more
Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting questions about the sector.IBM shares plummeted as much as 26%, on track for their biggest one-day drop since at least 1968. The company reported that it missed expectations because customers shifted capital spending … Read more
India: The import of goods produced or manufactured, wholly or in part, through the use of forced labour is prohibited. (AI image) Amid Donald Trump administration’s Section 301 probe, the government has revised the Foreign Trade Policy (FTP) to prohibit the import of goods that are produced wholly or partly through forced labour.The move comes … Read more
The data comes a day after the June Consumer Price Index (CPI) inflation numbers which breached the RBI’s target level of 4% for the first time in several months. (AI image) The impact of the US-Iran war is feeding into prices, with India’s wholesale price inflation accelerating to 9.87% in June from 9.68% in May. … Read more