Business

MUMBAI: J.P. Morgan has appointed Rahul Badhwar as senior country officer for India, filling a key leadership gap after months without a dedicated head in one of its fastest-growing markets.Badhwar will start in July 2026, be based in Mumbai, and report to Sjoerd Leenart, CEO Asia Pacific. He will also join the Asia Pacific management…

Benchmark stock indices Sensex and Nifty surged nearly 2 per cent on Tuesday, tracking gains in Asian markets after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure.The 30-share BSE Sensex jumped 1,372.06 points, or 1.89 per cent, to close at 74,068.45. During the session, it rallied as much as…

Gold prices extended losses for the fifth consecutive session on Tuesday, even as retail rates in major cities moved higher. Gold contracts for April delivery on the Multi Commodity Exchange (MCX) fell by Rs 2,260, or 1.62 per cent, to Rs 1,37,000 per 10 grams, amid continued uncertainty over geopolitical developments in the Middle East.Analysts…

The petroleum sector has urged industry stakeholders to explore ethanol as a clean cooking fuel for households, as part of broader efforts to reduce India’s dependence on imported LPG and expand the biofuel ecosystem.R S Ravi, Director (Downstream) at the Federation of Indian Petroleum Industry (FIPI), raised the proposal while addressing the All India Distillers’…

State Petroleum and Natural Gas minister Suresh Gopi on Monday said that India’s strategic oil reserves are designed to provide cover for about 9.5 days of supplies during disruptions or price shocks.The announcement comes as global crude oil prices continue to rise amid the ongoing conflict in the Middle East, raising concerns over supply disruptions…

Indian Railways refund and cancellation rules New refund rules 2026: Indian Railways has announced a new set of refund rules for confirmed train tickets. As per the new rules, if a passenger chooses to cancel a confirmed train ticket within 24 to 72 hours of the scheduled departure, there will be 25% deduction in the…

Experts have cautioned that the ongoing Middle East conflict will impact India’s growth story. (AI image) In the first signs of the impact of the US-Iran war on the Indian economy, the private sector recorded its slowest expansion in more than three years in March, according to the latest HSBC PMI survey. Rising prices linked…

Traders actually placed positions worth nearly half a billion dollars in the oil market roughly 15 minutes before Trump’s social media post. (AI image) Did someone in the oil market know that US President Donald Trump is about to post an update on ‘productive talks with Iran’? Traders actually placed positions worth nearly half a…

Experts have indicated that if oil prices stay elevated, the currency could move into the 94–95 per dollar range. (AI image) Rupee depreciated against the US dollar in early trade on Tuesday, falling to levels of 93.71, down 18 paise from its Monday closing. On Monday, the rupee had breached the 94 per dollar mark…

Asian stock markets rose on Tuesday, tracking gains on Wall Street, after US president Donald Trump said Washington had talks with Iran on a possible end to the ongoing conflict in the Middle East. Investor sentiment improved cautiously following Trump’s remarks about “productive talks” over the past two days aimed at “a complete and total…