Mumbai: Secondary deals are picking up pace as investors are looking at ways to exit their investments and get liquidity amid cooling of the IPO market on the back of war-driven volatility. “Globally, investment committees are postponing decisions, leading to funding delays. The secondaries market has picked up and we will see a lot more…
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27,…
India is rapidly strengthening its position in global electronics trade, now supplying about 40 per cent of the smartphones imported by the United States that were previously sourced from China.According to a recent report by McKinsey & Company, cited by ANI, the United States has been actively diversifying its import sources and has replaced about…
The Iran–US conflict has pushed global oil markets into turmoil, with tensions still simmering despite a two-week ceasefire window, since April 8, intended to enable negotiations. The peace talks amid the fragile truce have so far failed to yield any breakthrough, though diplomatic sources indicate preparations for a second round of talks are already under…
Crude oil prices plunged more than 10% on Friday after US President Donald Trump and Iran announced that the Strait of Hormuz is fully open again for oil tankers carrying crude from the Persian Gulf to customers worldwide, easing fears of supply disruptions.The sharp drop in oil prices lifted global markets, with US stocks rallying…
New Delhi: India’s smartphone market is undergoing a sharp price reshuffle, with rising component costs, pushing devices into higher brackets and squeezing the entry segment.As of March 2026, more than 80 out of roughly 200 smartphone models (including memory variants) in India have seen price increases, with an average hike of about 15%. Further increases…
New Delhi: After months of negotiations, govt and auto industry on Thursday reached a consensus on the proposed CAFE-3 fuel efficiency norms, with companies agreeing to most of the draft circulated last week, even as concerns remain over meeting stricter emission targets by FY32.TOI has learnt that officials told industry representatives that the thrust of…
Oil prices fell in early trade on Friday, extending losses as optimism grew that the Middle East conflict may be nearing an end following a 10-day ceasefire between Israel and Lebanon and fresh signals of possible US-Iran talks over the weekend.Brent crude futures declined $1.34, or 1.35%, to $98.05 a barrel, while US West Texas…
Gold has entered a phase of consolidation after a strong rally driven by retail demand across key markets, global investment firm Jefferies said in its latest report.The firm noted that the surge in buying seen late last year and early this year—particularly in India, China and the United States—has begun to moderate, signalling a stabilisation…
The Indian rupee strengthened to a one-week high on Friday, supported by steps taken by the Reserve Bank of India (RBI) to limit the impact of dollar buying by state-run oil refiners.The currency rose 0.5% to 92.7250 per dollar by 10:50 am, marking its strongest level since April 10. Traders said the move followed a…