Business
Saved by the barrel: Why crude hasn’t hit the $200 mark
When the Strait of Hormuz tightened, many braced for $200-a-barrel oil. More than three months on, that nightmare scenario is still nowhere in the picture.The disruption, which removed more than 10 million barrels a day of Middle Eastern supply from the market, had fuelled warnings of crude prices soaring to as much as $200 a…
LPG gets Rs 29 costlier: Check the latest cylinder rates in Delhi, Mumbai and other cities
Household budgets are set to see another increase as domestic cooking gas prices have been raised by Rs 29 per cylinder, marking the second revision in three months as global energy costs continue to soar. From Sunday, June 7, the price of a 14.2-kg LPG cylinder in Delhi has increased to Rs 942 from Rs…
5 ways IBC transformed India’s corporate rescue system over the past decade
AI generated representative image Ten years ago, India’s insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums.The Insolvency and Bankruptcy Code (IBC), enacted in…
Strait Of Hormuz Disruption: ‘Gained non-competitive advantages’: Rosneft chief says US energy companies were biggest winners from Hormuz disruption
Rosneft chief executive Igor Sechin on Saturday said American energy companies were the biggest beneficiaries of the closure of the Strait of Hormuz, while warning that prolonged disruption in the vital shipping route could ultimately undermine global oil demand and accelerate interest in alternative energy sources, as per Reuters.Speaking at the St. Petersburg International Economic…
Can RBI shield rupee’s from further fall? Analysts expect up to $75 billion in fresh inflows
Reserve Bank of India’s monetary policy measures are seen a coordinated attempt to shift market perception of rupee from depreciation concerns towards stronger capital inflows. SBI Research estimates that the measures could trigger at least $40 billion in inflows, potentially supporting the rupee towards the 92–93 levels. At the same time, Kotak Securities places the…
Govt extends tenure of RBI deputy governor Swaminathan J for two years
The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years.He was appointed as RBI Deputy Governor for three years in June 2023.“The Central Government has re-appointed Swaminathan Janakiraman as Deputy Governor, Reserve Bank of India, for a period of two years with effect from June 26, 2026, or…
PM Modi chairs EAC meeting, discusses measures to boost India’s economic growth amid global turmoil
Prime Minister Narendra Modi on Saturday met members of the Economic Advisory Council (EAC) to the Prime Minister, with discussions focused on ideas and measures to further strengthen the country’s economic growth amid ongoing global uncertainty. The meeting covered reforms aimed towards improving ease of living and ease of doing business. The PM and EAC-PM…
RBI cuts growth, hikes inflation forecast as West Asia crisis bites
MUMBAI: Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and…
India’s stock market mania hits milestone: NSE logs 26 crore trading accounts and counting
India’s investor base hit a new milestone in June, with the National Stock Exchange of India (NSE) registering over 26 crore unique trading accounts, or client codes. In a press release issued on Friday, the exchange said it added the latest 1 crore accounts in just under four months. Over the past year, more than…
E85 fuel to get Rs 20/litre cheaper as India ramps up ethanol push
India’s clean fuel journey is stepping up a gear, with state-run oil firms gearing up to roll out E85 petrol at a discounted price across the country. State-run oil marketing companies will offer E85 fuel at a discount of Rs 20 per litre compared with E20 petrol to make up for the biofuel’s lower energy…