Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Wednesday as Middle East tensions and US-Iran war continued to add uncertainty to global markets. While Nifty50 was above 24,250, BSE Sensex was near 78,300. At 9:18 AM, Nifty50 was trading at 24,284.90, up 23…
US President Donald Trump on Tuesday announced a “historic” $300 billion deal to build the first new oil refinery in the country in 50 years, backed by investment from India’s Reliance Industries. The project, planned at the Port of Brownsville in Texas is expected to increase energy production and generate thousands of jobs.Trump made the…
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…
NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said govt is looking to extend support to exporters on the insurance front to help them deal with the ongoing West Asia crisis.He said that an inter-ministerial group is keeping tabs on developments on a daily basis and is interacting with exporters.The Customs department has…
Revised Cost Estimate Under Sanction: Govt NEW DELHI: Now it’s official that railways will run B28, the bullet train being manufactured in India, on the first stretch of Ahmedabad-Mumbai bullet train project that is scheduled to be operational in Aug 2027. The railway ministry informed a parliamentary panel that the national transporter has decided to…
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…
MUMBAI: Sales of induction cooktops have surged on e-commerce platforms as consumers are rushing to keep back-up options ready amid fears over disruption in supply of cooking gas.For Walmart-controlled Flipkart, sales volumes have tripled over the last four-five days as compared to the preceding three-four weeks, while Amazon has seen demand spike by as much…
New Delhi: IndiGo CEO Pieter Elbers has resigned from the airline with immediate effect, following the airline’s unprecedented schedule collapse last December that had left lakhs of passengers stranded across airports. Airline founder & MD Rahul Bhatia will “in the interim assume management of the affairs of the company,” IndiGo parent InterGlobe Enterprises said in…
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
US stocks edged lower on Tuesday as investors remained cautious amid uncertainty over how long the war with Iran may last and whether oil prices will stabilise after recent sharp swings.The S&P 500 slipped 0.4% in morning trading, while the Dow Jones Industrial Average fell about 250 points, or 0.5%, as of 10 a.m. Eastern…