The gains came after both benchmarks fell more than 2% in the previous session (representative image) Oil prices edged higher on Friday as the United States threatened to maintain a naval blockade of Iran indefinitely, renewing concerns over crude supplies even as weaker demand forecasts and rising US inventories limited gains.Brent crude futures rose 9…
Gold and silver prices remain in focus as investors assess the next move in precious metals after gold’s sharp rally and subsequent pullback. Gold prices fell on Friday as traders locked in profits following bullion’s climb to an over two-month high on Thursday. Spot gold was down 0.5% at $4,330.37 per ounce by 0103 GMT,…
The report divided the more than 40 countries into three categories based on their economic relationship with China (representative image) The US has put India among more than 40 countries it says face risks of becoming conduits for Chinese goods seeking to avoid American tariffs, potentially adding another complication to the ongoing trade negotiations between…
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Export of oil products soared 67.6% to $6.9 billion on the back of strong demand from several Asian countries NEW DELHI: India’s goods exports rose at its fastest pace in over four years, rising 19.5% to $44.2 billion in July, while imports were 17.4% higher at $76.2 billion, resulting in a trade deficit of $32…
Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12 MUMBAI: Setting in motion the process of finding the next chairman of Tata Sons, majority stakeholder Tata Trusts issued a statement on Thursday saying it “respects” N Chandrasekaran’s decision not to offer himself for reappointment. Trusts control over 51.4%…
The deal will deepen Bank of America’s participation in India as the financial sector expands. MUMBAI: Bank of America will acquire an initial 26.5% stake in Jio Credit, the wholly owned NBFC lending subsidiary of Jio Financial Services, with the stake potentially rising to 49.9% under a joint venture agreement that could involve an investment…
NEW DELHI: Govt has asked all states and UTs to accelerate installation of smart electricity meters across all consumer categories, saying the mandatory rollout cannot be linked to billing mode — prepaid or postpaid — of the meter.In a communication to states, power ministry said installation of smart meters was mandatory under Central Electricity Authority’s…
The latest wholesale inflation figures, coming a day after softer consumer inflation data, have reduced expectations of an imminent rate hike. US stock market today: Wall Street benchmarks moved closer to record territory on Thursday after fresh data suggested inflationary pressures continued to ease. Markets also found support from another decline in oil prices, extending…
Wholesale prices in the US cooled in July, offering a welcome sign that inflation may be losing some momentum as lower energy costs helped ease price pressures.Data released by the labor department showed that the producer price index (PPI), which tracks prices received by producers before they reach consumers, increased 4.7% from a year earlier…
