Oil prices inch closer to $100 per barrel Oil prices moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the crude market.Brent crude rose 1.47% to $99.36 a barrel, while US West Texas Intermediate climbed 1.54% to $94.46The…
MUMBAI: Copper and crude oil, two important industrial raw materials for several industries, are on a tear. According to notes from Vedanta and ICICI Securities, a combination of factors like tightening mine supply, especially from Chile, shifting global trade flows amid potential US tariffs on refined copper, and accelerating demand from electrification, renewable energy, power…
Digital asset firms court sovereign funds NEW DELHI: Digital asset firms will court sovereign investors at a Delhi roundtable this week as India pursues “faster, cheaper international payments” while insisting replacing the dollar is not on its agenda. Brics Digital Asset Round Table will gather 50 industry leaders.Organiser SWFI said iBrics summit investors manage $1…
While GDP is growing and forex reserves are climbing, the grocery bill is telling a slightly different story (representative image) India’s economy clocked a herculean 7.8% growth in the April-June quarter of FY27. But is the average Indian feeling the boom?Despite global turbulence from the US-Iran conflict which has led to a shaky world economy,…
The public issue is likely to remain open on September 18, September 21 and September 22 (representative image) The nearly Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange (NSE) is likely to open for public subscription on September 18 and list on September 25, sources said on Tuesday.The price band for the…
The Delhi High Court said the communication in question did not establish the truth of Devi’s claim. Her husband passed away in 2006 and she was not eligible for family pension. However, the bank her husband worked at opened a one-time pension eligibility window some years later which the widow applied for after the last…
Flipkart grows users faster than Amazon (representative image) Flipkart is adding users faster than Amazon in India, widening its lead in online retail even as quick-commerce platforms rapidly expand and its own rapid-delivery business, Flipkart Minutes, closes in on established rivals less than two years after its launch.Flipkart and Myntra together accounted for 35% of…
The vouchers are closed-loop prepaid instruments issued by specific entities. The world of cryptocurrencies is a strange one. And the way some Indians are ‘round tripping’ cryptos is another interesting facet of it.Someone ‘earning’ crypto through either legitimate or illegal activities can also use it via international organisations, without the transaction necessarily passing through local…
Long-term contracts are being forged and India is reportedly looking to get a notable chunk of its LPG needs from the US. When US President Donald Trump announced that India would step up energy purchases from America, everyone thought of oil. But, the Middle East conflict has brought forward another energy stream from the US…
STIF is a fully in-house facility for testing reusable rocket stages under flight-like operating conditions NEW DELHI: In a giant step towards attaining reusable launch vehicle technology like Elon Musk’s SpaceX, Indian space startup Agnikul Cosmos has inaugurated two new assembly and testing facilities in Chennai.The company unveiled the Stage Testing & Inspection Facility (STIF)…