Oil prices dropped more than $1 per barrel amid hopes of easing US-Iran tensions Oil prices extended losses on Tuesday, dropping more than $1 per barrel as hopes of a diplomatic breakthrough between the United States and Iran eased concerns over disruptions to global energy supplies.Brent crude futures fell $1.47, or 1.66%, to $86.89 a…
Indian benchmark indices opened marginally lower on Tuesday, with the Sensex slipping about 4 points to 76,831.75 and the Nifty 50 falling nearly 25 points to 23,971.25, as investors stayed cautious ahead of the US Federal Reserve’s policy decision and tracked global market cues. Source link
NEW DELHI: The Centre has permitted Reserve Bank of India to print 2 billion pieces of polymer notes initially for field trials, govt informed Parliament on Monday.Minister of state for finance Pankaj Chaudhary told the Lok Sabha that the one billion pieces each of Rs 10 and Rs 20 notes, which are hard to find,…
File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra (Picture credit: Reuters) MUMBAI: The rupee strengthened sharply on Monday, closing at 95.91 against the US dollar, up 66 paise from its previous close, after RBI governor Sanjay Malhotra signalled that the domestic currency was undervalued and highlighted robust foreign currency inflows.The central bank’s supportive…
Beijing accused US artificial intelligence firms Monday of using Chinese examples to train their models, days after Washington threatened sanctions on Chinese firms for allegedly stealing American technology.“It is understood that many American artificial intelligence enterprises have distilled Chinese models during their research, development and training processes,” the Chinese commerce ministry said in a statement.Distillation…
BENGALURU: Canara Bank plans to raise $2.3-2.5 billion through foreign-currency deposits under RBI’s FCNR(B) deposit swap window, its MD and CEO Brajesh Kumar Singh told TOI.The bank has already mobilised around Rs 7,300 crore through the scheme in July. Canara Bank’s loan book grew nearly 18% in the June quarter, outpacing the 11.6% increase in…
NEW DELHI: Government on Monday said that there were 576 individuals who had disclosed a gross income of over Rs 100 crore during financial year 2024-25 (assessment year 2025-26), with 161 added during the year.The additions during the year also mark the highest number in at least four years. While it is a small fraction…
Stock Market Today Live Updates: Market benchmark indices Sensex and Nifty rebounded in early trade on Monday following a sharp decline in crude oil prices amid easing tensions in the West Asia. The 30-share BSE Sensex jumped 566 points to 76,608.66 in early trade. The 50-share NSE Nifty surged 153.60 points to 23,923.30. Brent crude,…
Gold Rate Today: Precious metals likely to stay volatile, range-bound amid uncertain US-Iran truce, say experts Precious metals are expected to remain volatile and trade within a range as uncertainty over the fragile US-Iran truce continues to cloud the outlook for crude oil prices, according to market and commodities experts. Crude oil prices fell sharply…
Rupee began Monday on a stronger note against the US dollar, supported by a sharp decline in crude oil prices, a weaker dollar overseas and improving global sentiment after the US and Iran indicated a pause in Middle East hostilities.The currency appreciated 28 paise to trade at 96.25 against the greenback. Forex traders said the…
