MUMBAI: The rupee closed at a record 93.98/$ on Monday, down 35 paise from its previous close of 92.63. In the process, it breached its prior low of 93.73 and briefly slipped past 94 after market hours. Sensing the impact of the West Asia conflict on the Indian economy through inflation, growth and current account…
MUMBAI: Tuhin Kanta Pandey, chairman, Sebi on Monday said that independent directors are expected to act responsibly, not make insinuations and keep things vague. The chief markets regulator’s comments came in the context of the recent resignation of Atanu Chakraborty as non-executive chairman of HDFC Bank, the largest private sector lender in the country.The markets…
Oil prices tumbled sharply on Monday after US President Donald Trump ordered a five-day halt to planned military strikes on Iranian power plants and energy infrastructure, easing fears of escalation in the Middle East conflict.Brent crude fell more than 15% during the session, dropping to a low of $96 per barrel, breaking below the $100…
Benchmark equity indices Sensex and Nifty plunged sharply on Monday, tracking a brutal global sell-off as the Middle East war deepened into its fourth week, with rising crude prices, persistent foreign fund outflows and a record-low rupee worsening investor nerves.The 30-share BSE Sensex slumped 1,836.57 points, or 2.46 per cent, to close at 72,696.39, after…
The rupee breached the 94-per-dollar mark for the first time ever on Monday but recovered sharply to close flat at 93.53 against the US dollar, instead of ending at a fresh record closing low, amid geopolitical tensions in the Middle East, persistent foreign fund outflows and volatile crude oil prices.At the interbank foreign exchange market,…
US stocks rallied sharply on Monday after President Donald Trump said the United States had held talks with Iran and would postpone planned strikes on Iranian power plants, triggering a relief rebound across global markets and a steep fall in oil prices.The Dow Jones Industrial Average rose 1,021.70 points, or 2.24 per cent, to 46,599.17,…
Gold has corrected significantly by 19% globally and 17% in rupee terms. (AI image) Gold prices crash and how! The unprecedented rise in gold prices over the last few quarters has come to a halt – for now. In fact, gold prices have been on a crashing spree for the last two months, and the…
NEW DELHI: IndiGo Monday appointed Aloke Singh, former MD & CEO of Air India Express, as its chief strategy officer (CSO). Singh had completed his tenure at AI Express on March 19, during which he had overseen the merger of erstwhile AirAsia India into the airline and steered the Tata Group low cost carrier (LCC)…
Asia-Pacific economies entered 2026 on a fragile footing. (AI image) Asia-Pacific economies have entered 2026 on a fragile footing, and the US-Israel-Iran war has exacerbated the risks to GDP growth for economies like China, India, and other major countries in the region, says Moody’s Analytics in its latest report.The global economy has been undergoing a…
The ongoing crisis in the Middle East continues to rattle financial markets worldwide, sending shockwaves to oil baskets, stock markets and currencies. Rupee is no stranger to the impact! Over the past one year, the currency has continuously slipped to its record lows, first hitting 90 and then eventually beyond the 93 per US dollar…