Oil prices edged lower early on Monday after OPEC+ agreed to raise production targets again from August, while improving exports from the Gulf and higher Russian shipments fuelled expectations of increased global crude supplies.While Brent crude slipped 0.58% to $71.70 a barrel, WTI crude was down 0.36% at $68.44 a barrel around 7:30 am IST….
NEW DELHI: Fresh uncertainty awaits India and several other countries, with the US Trade Representative moving ahead with just one of the two probes against American trading partners, as the deadline for phasing out the 10% additional tariff approaches.From Tuesday to Thursday, USTR will hold public hearings on the probe related to forced labour which…
NEW DELHI: Chinese artificial intelligence startup Z.ai is emerging as a fresh challenger to OpenAI and Anthropic after its latest flagship model GLM-5.2 gained traction among developers for delivering advanced coding and AI agent capabilities at a significantly lower cost.The Beijing-based company’s latest model has climbed developer rankings and drawn praise from prominent AI figures,…
NEW DELHI: Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said.Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market…
OPEC+ has decided to raise its oil production targets once again, agreeing to increase output quotas by 188,000 barrels per day (bpd) from August as the group continues to unwind earlier production cuts.The decision, taken during an online meeting, comes after similar quota increases for June and July. Between April and July, the seven core…
File photo (Picture credit: ANI) India’s leading IT services companies are likely to post a muted performance in the first quarter of FY27, with growth expected to remain subdued as clients continue to prioritise cost-cutting over large-scale technology spending, according to an Equirus Securities report.The brokerage said growth visibility is unlikely to improve significantly until…
The ministry of petroleum and natural gas (MoPNG) on Sunday dismissed reports claiming that Bhutan had refused to import India’s E20 petrol, stating that no such offer had ever been made by the country’s oil marketing companies (OMCs). Calling the claims incorrect, the ministry said there is no proposal to export E20 petrol to Bhutan.In…
The stock market is heading into a crucial week, with investors focused on the start of the June-quarter earnings season, trends in crude oil prices and global developments for fresh cues. IT major TCS will be the first to report its June-quarter results on July 9, with its earnings and management commentary expected to be…
Years of fiscal decentralisation have failed to narrow Pakistan’s regional spending disparities, with provincial capitals continuing to receive significantly higher public spending per person than the rest of their provinces.According to the World Bank’s Strengthening Fiscal Federalism report, cited by The Express Tribune, Quetta recorded the widest spending gap among provincial capitals. Per capita expenditure…
Dalal Street ended the last week with gains, with six of the country’s 10 most valued companies together adding more than Rs 1 lakh crore to their market capitalisation. Bharti Airtel and Bajaj Finance emerged as the biggest gains as equities ended the week on a positive note.The broader market remained firm, with the BSE…
