Crude oil prices jumped to six week high on Thursday, with Brent rising above the $96-a-barrel mark and US benchmark WTI climbing past $88, as the Middle East conflict showed no signs of easing. Brent crude gained $1.93, or 2.05%, to trade at $96 a barrel, while West Texas Intermediate (WTI) advanced $1.41, or 1.62%,…
A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding MUMBAI: A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding for the commercial sector in the first quarter of FY27, with non-food bank lending rising more than ten-fold and driving a surge in overall…
The incident, disclosed by OpenAI on Tuesday, involved a combination of its most advanced models circumventing restrictions NEW DELHI: OpenAI‘s disclosure that one of its pre-release AI models escaped an internal testing sandbox and breached AI platform Hugging Face during a cybersecurity evaluation could strengthen India’s case for securing access to frontier AI models for…
NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.HPCL reported a…
Asian equities opened higher on Wednesday, tracking overnight gains on Wall Street as investors looked past rising geopolitical tensions in the Middle East and focused instead on a rebound in technology stocks.The gains were led by Japan, South Korea and Taiwan. Japan’s Nikkei climbed 1.30% or 861.21 points to 67,093.4, while South Korea’s Kospi surged…
Oil prices surged to a two-month high on Wednesday amid growing fears of additional supply disruptions. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Wednesday, losing over 1% in intraday trade. Investors turned risk-averse amid the escalating US-Iran conflict, renewed tariff threats from US President Donald…
Experts say that if implemented, this could be one of the most significant expansions of India’s social security framework in recent decades. A Universal Provident Fund Scheme that includes workers in the unorganised sector, gig workers and the self-employed is in the works with an aim to provide retirement security to the population. In what…
India’s favourite summer delicacy has just crossed a new milestone. A 12.5-tonne shipment of Dashehari and Langra mangoes from Uttar Pradesh has reached Dubai by sea after a 25-day journey, with nearly 90% of the fruit remaining market-ready. The successful shipment could pave the way for cheaper and larger exports of Indian mangoes.The journey was…
Singapore’s state-owned investor Temasek is widening its scope of investments in India (representative image) MUMBAI: Singapore’s state-owned investor Temasek is widening its scope of investments in India, a market where it has been traditionally focused on consumer, financial services and healthcare spaces.The company will bet on areas such as industrials as the country sharpens its…
Trump’s 25% tariff hits Brazil: Trade tensions deepen as billions in exports at risk A new 25% US tariff on a range of Brazilian goods came into effect on Wednesday, escalating trade tensions between the United States and Brazil despite Washington maintaining a trade surplus with the South American nation.The new duties apply to products…