Foreign investment in India’s real estate sector dropped sharply during January-March, falling 75 per cent quarter-on-quarter to $400 million amid global uncertainty triggered by the West Asia conflict, according to PTI.Data from real estate consultant Colliers showed that total institutional investments declined 61 per cent to $1.6 billion in Q1 2026 from $4.2 billion in…
Gold prices fell sharply on Thursday in futures trade, declining by Rs 6,004 to Rs 1,47,704 per 10 grams on the Multi Commodity Exchange, as geopolitical tensions in West Asia intensified and strengthened the US dollar, dampening investor sentiment.The decline marked a reversal from a four-day winning streak, with the June contract of the yellow…
India’s manufacturing sector showed signs of slowing in March, as growth in activity moderated amid a mix of rising costs, competitive pressures and global uncertainty, according to the HSBC India Manufacturing PMI report released on Thursday. The Purchasing Managers’ Index (PMI) fell to 53.9 in March from 56.9 in February, signalling a softer expansion.The reading…
CLSA has an outperform rating on Bharti Airtel with the target price at Rs 2,320, up marginally from Rs 2,310 earlier. Analysts said Bharti Airtel is accelerating investments in data centre subsidiary Nxtra Data to $1 billion. Nxtra will ramp up capacity from 300MW to 1GW targeting a 25% market share. Bharti will retain a…
Rupee saw a strong rebound in early trading on Thursday, climbing 151 paise from its record low to reach 93.19 against the US dollar, following a regulatory step by the Reserve Bank aimed to restrict banks’ net open position in the onshore forward delivery market.Rupee began the day in green at 94.62 against the greenback…
As energy supply disruptions due to the ongoing Middle East conflict stretch into a second month, the government has moved to cushion the impact on domestic industries by granting a full customs duty exemption on select critical petrochemical products, providing much-needed short-term relief. The decision, which will be applicable until June 30, will address supply…
MUMBAI: Peace hopes in West Asia led to a global rally since late Tuesday that spilled over to the Indian market on Wednesday and boosted investor sentiment on Dalal Street. As a result, stocks rallied smartly with the sensex closing 1,187 points (1.7%) up at 73,134 points. The day’s rally in the stock market was…
NEW DELHI: The price of commercial LPG cylinders rose by over 10% on Wednesday, from Rs 1,883 to Rs 2,078 in the national capital, reflecting the surge in global gas prices amid the military conflict in energy-rich West Asia.The 19-kg LPG cylinder is largely used by industries and eateries, and domestic consumers, who use 14.2-kg…
US President Donald Trump on Wednesday (local time) suggested that countries facing fuel shortages during the ongoing war with Iran should either buy oil from the United States or take stronger steps to secure supplies, going to the Strait o Hormuz, themselves. Speaking in a prime-time address at 9 pm EDT from the White House’s…
Representative image (AI-generated) Oil prices rose on Wednesday, with Brent crude climbing above the $100 per barrel mark and US West Texas Intermediate (WTI) crude also gaining sharply.Brent crude rose by 0.63 per cent to $104.63 per barrel. WTI crude rose by 0.95% to $102.34 per barrel, while WTI futures for June rose 46 cents,…
