The Indian rupee has been under strong pressure this year due to a sharp jump in crude oil prices, driven by the Middle East conflict, heavy foreign capital outflow, and…
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HPCL dealers allege pressure to push ‘Power Petrol’ amid fuel price hike
As on Thursday amid the deepening energy crisis linked to the ongoing West Asia conflict, petrol dealers associated with Hindustan Petroleum Corporation Limited,(HPCL) have faced pressure to prioritise sales of…
RBI raises dealer targets, lifts bond trading activity
The Reserve Bank of India raised trading targets for the country’s bond market makers in a bid to boost liquidity, driving a surge in activity in the 10-year benchmark security,…
Rapido raises $240 million from Prosus, others
Mobility platform Rapido on Friday announced raising $240 million in a funding round led by Dutch investment firm Prosus to expand demand by creating new markets and invest in technology.…
Petrol, diesel prices go up by ₹3: Why analysts expect more hikes ahead?
India’s state-owned oil marketing companies — , and Hindustan Petroleum — raised petrol and prices by ₹3 per litre on Friday, ending a 49-month freeze on retail fuel prices. In…
Silver futures slump nearly 6% to ₹2.74 lakh/kg as global selloff deepens
Silver prices slumped by ₹16,352 to ₹2.74 lakh per kilogram in futures trade on Friday, tracking a sharp fall in global markets amid mounting US inflation concerns and renewed expectations…
IT lifts indices at midday; metals, retail stocks pull back
Markets were holding steady with marginal gains in afternoon trade on Friday, May 15, as buying in information technology and select heavyweights offset losses in metals, retail and energy stocks.…
Gold slips as dollar firms, rate cut hopes fade
prices fell sharply on Thursday and extended losses into Friday, pressured by a stronger US dollar, rising Treasury yields, and diminishing expectations of rate cuts following hotter-than-expected inflation data. Spot…
Explainer – Why Tata Sons is facing pressure to list
Tata Sons, the holding company of 31 group companies including TCS, Tata Motors and Tata Steel, is facing pressure to go public – a discussion likely to come up at…
Fuel price hike is ‘very small’: IOCL Director says company working to ensure full capacity availability
Indian Oil Corporation Limited (IOCL) refineries are currently operating at more than 100 per cent capacity to ensure there is no shortage of fuel at retail outlets following a marginal…