Rupee began the week on a weaker note, slipping 10 paise to 95.28 against the US dollar in early trade. The decline came as a stronger US dollar overseas and uncertainty over global developments kept market sentiment under pressure.Rupee opened at 95.25 against the US dollar in the interbank foreign exchange market on Monday before…
AI generated image, used only for representational purpose Planning a bank visit? You might need to reschedule as banks across some parts of the country will remain closed on Monday. Knowing bank holidays in advance can help you to avoid an unnecessary trip, especially if you have time-sensitive branch work such as submitting documents, processing…
Gold prices began the week on a firm footing, holding close to a two-week high after weaker-than-expected US employment data reinforced expectations that the Federal Reserve may not rush into another interest rate increase. Spot gold traded around $4,175 per ounce on Monday after posting a gain of more than 2% last week, ending a…
Despite the recent Middle East disruptions, India’s fertiliser supply has remained largely on track, with most shipments crossing the Strait of Hormuz safely and domestic production exceeding targets, according to the ministry of chemicals and fertilisers.The ministry said that out of 20 vessels carrying fertilisers and raw materials for India, 15 have successfully crossed the…
OPEC+ has decided to raise its oil production targets once again, agreeing to increase output quotas by 188,000 barrels per day (bpd) from August as the group continues to unwind earlier production cuts.The decision, taken during an online meeting, comes after similar quota increases for June and July. Between April and July, the seven core…
File photo (Picture credit: ANI) India’s leading IT services companies are likely to post a muted performance in the first quarter of FY27, with growth expected to remain subdued as clients continue to prioritise cost-cutting over large-scale technology spending, according to an Equirus Securities report.The brokerage said growth visibility is unlikely to improve significantly until…
The stock market is heading into a crucial week, with investors focused on the start of the June-quarter earnings season, trends in crude oil prices and global developments for fresh cues. IT major TCS will be the first to report its June-quarter results on July 9, with its earnings and management commentary expected to be…
Dalal Street ended the last week with gains, with six of the country’s 10 most valued companies together adding more than Rs 1 lakh crore to their market capitalisation. Bharti Airtel and Bajaj Finance emerged as the biggest gains as equities ended the week on a positive note.The broader market remained firm, with the BSE…
India has become the world’s second-largest mobile phone manufacturer and exporter, Prime Minister Narendra Modi said on Saturday, highlighting the country’s efforts to build a complete electronics and semiconductor ecosystem.Speaking after inaugurating the CG Semi Outsourced Semiconductor Assembly and Test (OSAT) facility, PM Modi said that India was now building the entire electronics value chain,…
Union petroleum and natural gas minister Hardeep Singh Puri on Saturday pushed back against social media claims surrounding ethanol-blended fuel, saying that the government welcomes constructive criticism but not misinformation about the biofuel programme.Referring to the recent online debate, Puri said people were free to point out shortcomings in the government’s work and assured them…
