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…
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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…
Singapore Airlines says Pakistan’s airspace closure hurt Air India more than foreign airlines
NEW DELHI: Singapore Airlines chief executive Goh Choon Phong said Air India’s inability to use Pakistani airspace for more than a year put the airline at a disadvantage against foreign…
Rapido raises $240 million led by Prosus at $3 billion valuation
MUMBAI: Roppen Transportation Services Pvt. Ltd, which operates Rapido, has raised $240 million in fresh capital in a round led by Prosus, with participation from WestBridge Capital, Accel and other…
Apple anti-trust probe: Delhi HC asks CCI to hold its order till 15 July, orders firm to cooperate
New Delhi: The Delhi high court on Friday asked the Competition Commission of India not to pass any final order in its probe against Apple Inc. into alleged anti-competitive practices…
US SEC’s settlement with Gautam Adani does not end Justice Department’s criminal investigation
MUMBAI: The US market regulator’s $18-million settlement of a civil case against Indian billionaire Gautam Adani and nephew Sagar Adani has no immediate bearing on a parallel criminal investigation initiated…