Asian markets showed a mixed performance on Friday, following modest losses on Wall Street and a retreat in oil prices after a sharp spike triggered by escalating Iran-Israel tensions.Oil had a volatile session on Thursday, with Brent crude briefly hitting $119 per barrel after Iranian attacks on Gulf energy facilities followed Israel’s strike on a…
There is a chance that North American LPG will gain a stronger foothold in the Indian import mix. (AI image) India is turning to the US to mitigate its ongoing LPG supply crisis as the war rages on in the Middle East. India gets around 60% of its LPG needs from the Gulf region, and…
India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…
The rupee fell to a record low of 93.12 against the US dollar on Friday, pressured by rising global uncertainty and higher crude oil prices amid the ongoing Iran war.The domestic currency declined 0.55% to breach its previous low of 92.63 recorded yesterday, extending losses to nearly 2% since tensions in the Middle East escalated….
Gold and silver prices staged a strong recovery on the Multi Commodity Exchange of India on Friday, rebounding sharply after a steep decline in the previous session. Analysts attributed the uptick to a technical bounce, while noting that the near-term outlook remains bearish as elevated oil prices linked to the Middle East conflict continue to…
Stock market today (AI image) Stock market today: Benchmark indices Nifty50 and BSE Sensex opened in green on Friday after a big selloff on Thursday that saw markets tank over 3%. While Nifty50 opened above 23,200, BSE Sensex rose over 700 points, just shy of 75,000. At 9:16 AM, Nifty50 was trading at 23,229.15, up…
MUMBAI: SBI Mutual Fund, the largest fund house in India, on Thursday filed for its much-awaited public offering, expected later in the year. Through this offer, the two sponsors of the fund house-SBI and Amundi (of France)-are selling 6.3% and 3.7% stakes, respectively.The two sponsors of the fund house are expected to garner a total…
MUMBAI: A day after HDFC Bank‘s non-executive chairman Atanu Chakraborty resigned citing concerns over practices inconsistent with his values and ethics, regulators, the bank’s board and management and the govt moved swiftly to contain a governance scare.Seeking to steady sentiment, newly appointed interim chairman Keki Mistry struck a firm tone while addressing analysts and reporters….
NEW DELHI: The conflict in West Asia may delay the roll out of the India-Oman free trade agreement, which was expected to kick in from April 1, while the UK is on course to implement the trade treaty with India around May 1, top govt officials said Thursday.EU has indicated that it is on course…
ISLAMABAD: The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years, according to a media report on Thursday. The Manila-based bank said the facility was part of its 2026-30 Country Partnership Strategy (CPS2026-30) launched on Wednesday.According to a report in the Dawn newspaper, the…