Business

As global energy supplies come under strain due to the ongoing Middle East conflict, the Centre has introduced a temporary measure to ease pressure on cooking fuel availability in the country. Under the 60-day emergency plan, announced on Monday, states and Union Territories will receive additional kerosene for essential household use, including cooking and lighting.The…

Trading volumes are likely to be subdued, with domestic commodity markets set to remain shut on March 31 and April 3 due to Mahavir Jayanti and Good Friday. In the domestic market, gold futures ended last week slightly lower at Rs 1.44 lakh per 10 grams, while silver closed higher, gaining Rs 1,182, or 0.52…

Asian markets opened the week on a weak footing, with investor sentiment weighed down by surging oil prices and escalating tensions in the ongoing US-Iran conflict. While Nikkei slid 5%, South Korea’s Kospi fell over 4%, though the indices later pared some of the losses.On Monday, Hong Kong’s Hang Seng Index fell 412 points or…

NEW DELHI: Confederation of Indian Industry (CII) on Sunday called upon companies to work with govt to build reserves of raw material, fuel and strengthen supply chains amid disruptions from the West Asia crisis.“The present situation represents a supply side disruption, with pressures transmitted through energy costs, logistics and working capital cycles,” it said in…

NEW DELHI: The ongoing West Asia conflict and concerns over energy supplies have prompted govt to explore faster rollout of flexible-fuel vehicles (FFVs), which can run on blended petrol as well as 100% ethanol. At a meeting called by the petroleum ministry on Saturday, original equipment manufacturers (OEMs) flagged the need to address consumer concerns,…

NEW DELHI: WTO talks in Cameroon are deadlocked over a moratorium on e-commerce with the US seeking a long freeze on countries for levying tax on digital downloads and streaming, while India is so far unwilling to agree to this period.Starting from two years, India has indicated its willingness to go up to four, with…

MUMBAI: RBI has placed consumer empowerment through portable bank accounts and cross-border efficiency at the centre of its Payments Vision 2028, signalling a new focus to improving user experience and reducing friction in money movement.While customers can freely open accounts with any bank, savings accounts are considered ‘sticky’ because of multiple standing instruction to send…

MUMBAI: The RBI’s unorthodox move to steady the rupee by forcing banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95, even as markets fret over a possible escalation in the Iran conflict and the prospect of a US ground invasion.The move will also cause banks with large open positions…

The holiday-shortened trading week took a toll on the country’s top companies, with seven of the ten most valued firms collectively losing Rs 1.75 lakh crore in market capitalisation. Reliance Industries saw the largest share of the erosion, mirroring the broader weakness in equities. The downturn in stocks was reflected in the benchmark indices, with…

Developments in the month-long war in Middle East, movements in crude oil prices and broader global cues are expected to remain the biggest triggers for Indian stock markets in the holiday-shortened week ahead.Analysts cited by news agency PTI said that investors will also closely track the rupee’s movement against the US dollar and the trading…