Business

Indians sharply cut back on overseas travel spending in March, with remittances for foreign trips dropping by more than $212 million from the previous month, according to Reserve Bank of India data. The fall in outbound travel expenditure came amid rising oil prices linked to the Middle East conflict and persistent pressure on rupee, even…

Dalal Street is heading into the new trading week with global uncertainty firmly in focus, as investors keep a close watch on the evolving situation in the Middle East, fluctuations in crude oil prices and the behaviour of foreign investors. Analysts said that sentiment is likely to remain fragile and heavily influenced by developments in…

US secretary of state Marco Rubio on Sunday, hinted at a “beneficial” and a “sustainable” trade deal agreement with India, as he is on a visit to India.“We’ve made tremendous progress, and I think we’re going to wind up with a trade agreement between the US and India that is going to be enduring and…

Got a bank visit planned? You may want to check the dates first. Bank customers are being advised to plan their bank visits in advance as banks in several states are headed for holidays. Since these dates vary from state to state, officials are asking people to confirm their local branch status before visiting in…

India’s transportation fuel demand growth is expected to slow sharply in the second half of 2026 as higher fuel prices, government-led conservation measures and a weakening rupee weigh on mobility and consumption trends, according to a report.The report by Kpler’s lead analyst (modelling), Elif Binici, revised down India’s 2026 refined products demand growth forecast by…

The combined market valuation of six of India’s top-10 most valued companies rose by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. The rally came during a volatile trading week in which the BSE Sensex advanced 177.36 points, or 0.23%.According to news agency ANI, Reliance Industries added Rs 24,696.89 crore…

A further increase in petrol and diesel prices may become unavoidable if the ongoing global energy disruptions continue, Bharat Petroleum Corporation Limited (BPCL) director HR Raj Kumar Dubey said.Speaking about the pressure on fuel retailers amid rising crude oil prices, Dubey said policymakers currently have limited options to deal with the situation.“Now, there are two…

NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on diesel, without factoring in taxes, resulting in heightened pressure on the states to lower VAT, which is as high…

NEW DELHI: Commerce and industry minister Piyush Goyal is heading to Canada for trade talks on May 25, with easier access for Indian textiles and leather from India in return for tapping uranium and critical minerals on the table as the two sides look to step up efforts for the proposed free trade agreement, for…

NEW DELHI: State-owned Oil India Limited (OIL) has successfully unlocked a new gas-bearing pay zone in Rajasthan’s Dandewala field, with a flow of nearly 25,000 standard cubic metres per day, petroleum and natural gas minister Hardeep Singh Puri said on Saturday.Congratulating OIL on its technological excellence, Puri said on social media that the discovery by…