Benchmark equity indices Sensex and Nifty closed higher for a fourth consecutive session on Wednesday as softer crude oil prices following the US-Iran peace deal boosted investor sentiment despite continued foreign fund outflows.The BSE Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it climbed as much as 410.51 points, or…
After being at a war for over four months, the US and Iran will finally be signing an interim memorandum of understanding on Friday. The signing, which will take place in Switzerland, will pave the way for 60 days of negotiations aimed at ending the conflict and imposing strict limits on Tehran’s nuclear programme.According to…
N Chandrasekaran (file photo) Tata Sons Chairman N Chandrasekaran has reportedly decided not to accept a salary increase for FY26 as the Tata Group remains focused on capital deployment priorities and the profitability of several recently established businesses.N Chandrasekaran’s total compensation for FY25 stood at approximately Rs 155.8 crore, which was a 15% rise over…
Reliance Jio Infocomm is reportedly close to filing draft papers for its long-awaited $4 billion initial public offering (IPO). According to a report by Financial Times, released on Wednesday, the filing is expected to come ahead of Reliance Industries chairman Mukesh Ambani’s annual address to shareholders at the company’s annual general meeting on Friday.If completed…
If refiners are ultimately required to raise their stock levels to cover about 30 days of national consumption, they would collectively need to maintain around 150 million barrels of crude oil. (AI image) Drawing lessons from China, India may look to push its domestic refiners to increase the stockpile of crude inventories with energy security…
Despite the improvement in sentiment, gold remains highly sensitive to incoming macro data and policy expectations. (AI image) Gold price prediction today: Gold prices are holding strongly and buying from central banks is likely to continue supporting the yellow metal, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold…
Middle East crisis choked one of the world’s busiest oil pipelines for over 100 days, sending ripples to economies across the globe. As energy shipments fell, many players opted for a range of tactics to keep the shipments flowing. The US adopted Iran’s playbook. Using a method long associated with Iran’s sanctions-busting efforts, the United…
Jewar’s Noida International Airport (NIA) is set to handle its first cargo flight on Wednesday, with the aircraft scheduled to depart on a domestic route. The development comes just days after the airport began commercial passenger operations, marking another key step in its growth as an aviation and cargo hub for northern India. The airport…
Gold prices edged lower in the national capital on Tuesday, while silver held steady as buying activity remained muted in the domestic market.Traders said gold of 99.9% purity declined by Rs 200 to Rs 1,59,200 per 10 grams, inclusive of taxes, compared with its previous close of Rs 1,59,400 per 10 grams. Silver prices, meanwhile,…
After repeatedly soaring beyond the $100 per barrel mark amid the Middle East conflict, oil prices have finally begun to cool down, inching near the $75 level seen before the conflict. This week, for the first time crude since early March, crude prices have tumbled below $80 as hopes surrounding a potential US-Iran agreement lifted…
