[ad_1] With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the…
[ad_1] US stock indexes traded mixed on Monday as easing Treasury yields and lower oil prices helped calm some investor concerns after last week’s bond-market selloff, according to a Reuters report.The Dow Jones Industrial Average gained 139.25 points, or 0.28 per cent, to 49,665.42 in early trading. The S&P 500 edged up 3.27 points, or…
[ad_1] With waiver lapsing, flows are likely to remain broadly stable, although they could ease modestly from March levels. (AI image) The Donald Trump administration may have allowed the sanctions waiver on Russian crude to expire on May 16, but India has made it clear that it will continue to procure oil from Moscow. The…
[ad_1] Mumbai: IPO-bound Muthoot Fincorp sees increased duty on gold adding to loan growth as higher prices post the hike expand borrowing headroom, even as the company has begun tracking end-use of loans from April in line with Reserve Bank of India norms and finds that a majority 70% are for productive purposes rather than…
[ad_1] India’s current account deficit (CAD) is likely to widen sharply to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26 amid elevated oil prices and external sector pressures, according to a report by foreign brokerage HSBC, PTI reported.The report also projected the balance of payments (BoP) deficit to widen to…
[ad_1] This is how India’s first bullet train would look (Courtesy: Indian Railways via ANI) NEW DELHI: Indian Railways has unveiled the design of the country’s first bullet train, set to run between Mumbai and Ahmedabad, displaying an image of the train at the Ministry of Railways in the national capital.Also Read: India’s first ‘swadeshi’…
[ad_1] New Delhi: Oil marketing companies are under-recovering Rs 750 crore a day on the sale of petrol, diesel and domestic LPG cylinders below market prices, govt said on Monday.Before the price of petrol and diesel was raised by Rs 3 per litre late last week, the under-recoveries incurred by OMCs were estimated at Rs…
[ad_1] Trading in Electronic Gold Receipts (EGRs) on the National Stock Exchange (NSE) begins from May 18, marking a significant change in India’s organised gold market and offering investors a new way to buy and hold the precious metal in digital form, ET reported.The market will operate from Monday to Friday between 9 am and…
[ad_1] India’s overall merchandise exports increased 13.8 per cent year-on-year in April 2026, largely supported by petroleum exports. (AI image) India’s import burden started climbing in April 2026, with the country’s merchandise trade deficit widening to $28.4 billion, compared with nearly $27 billion in April 2025 and $20.7 billion in March 2026. The expansion in…
[ad_1] Your next petrol, diesel and CNG refill is set to cost more! Fuel prices have once again come under pressure after a recent hike of Rs 3 per litre in petrol, diesel and CNG rates, pushing everyday transport and household fuel costs back into focus. The increase comes amid a sharp rally in global…
