Business
Review of RBI Act, currency swap with BRICS part of FY27 agenda
Mumbai: Reserve Bank of India has set for itself a packed agenda for 2026-27 with a review of the RBI Act and major technology upgrades, including the rollout of the next-generation core banking system e-Kuber 3.0, development of an alternate payment system, and creation of a unified enterprise platform. It also plans to build an…
A truce, $300 billion investment plan and Hormuz: What’s in the draft deal that can end US-Iran war?
Representative image (AI) US and Iran mediators are now engaged in high-stakes negotiations aimed at ending the conflict, despite a fragile ceasefire in place and months of turmoil in the Middle East triggered by Donald Trump’s ambitious military campaign launched on February 28.The possible truce plan includes key bargaining points between the two sides, including…
US-Iran conflict: India to shrug off adverse impact? RBI confident of domestic resilience – key takeaways
Growth was primarily supported by robust private consumption and sustained investment activity. Amid the Middle East crisis and the US-Iran conflict, the Indian economy is in focus for the possible fallout from the war and rising global crude oil prices that is now hitting the external sector’s resilience. However, striking a positive note, the Reserve…
Top stocks to buy today: Stock recommendations for May 29, 2026 – check list
Top stocks to buy today (AI image) Stock market recommendations: Varun Beverages (VBL), and Eternal are the top stock picks by Bajaj Broking Research has chosen for May 29, 2026:Varun Beverages (VBL)Buy in the range of ₹ 526-536 Target Return Stoploss Time Period ₹ 590 11% 499 3 Months The stock is in uptrend forming…
Gold price prediction: What’s the outlook for gold prices recover on May 29, 2026 & what should investors do?
Gold has rebounded sharply from the lower Bollinger band and is moving toward the upper band. (AI image) Gold price prediction today: Gold prices seem to be seeing some rebound and the outlook remains constructive, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Buy on Dips…
Sanctions war on? US tightens curbs on Iran oil despite probable deal to ease Hormuz movement
United States on Thursday imposed fresh sanctions targeting Iran’s military-linked oil trade network, despite reports suggested that Washington and Tehran have reached a tentative agreement to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz.The US Treasury Department said it has sanctioned eight vessels involved in transporting Iranian crude oil and…
‘India, Canada to skip sensitive areas in trade pact talks’: Piyush Goyal
New Delhi: India and Canada have decided to focus on low-hanging fruit, work on areas of convergence and avoid seeking concessions in sensitive sectors in the negotiations for the proposed free trade agreement, commerce and industry minister Piyush Goyal has said. The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round…
Oil prices today: Crude drops below $95 amid US-Iran ceasefire extension speculation
Oil prices fell slightly on Friday after reports of a potential extension of a US-Iran ceasefire amid the ongoing Middle East conflict that has stretched beyond three months.Prices of Brent crude fell 0.37% to $93.36 a barrel, while US oil futures slipped 0.71% to $88.27 a barrel, as traders reacted to shifting signals around a…
Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company
After hearing both sides, the Supreme Court made it clear that it was not impressed by the conduct of the borrowers. (AI image) In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India against a company…
Rich families cut US dollar exposure as geopolitical tensions reshape investment strategy: UBS report
The world’s wealthiest families are reassessing their dependence on the US dollar amid rising geopolitical tensions and growing concerns over sovereign debt, Reuters reported citing UBS’s Global Family Office Report 2026.The survey by the Swiss bank found that nearly two-thirds of family offices expect confidence in the US dollar as a global reserve currency to…