Rupee stood firm on Monday, gaining 33 paise to reach 92.85 against the US dollar in early trade. This follows intervention by the Reserve Bank of India, as the bank stepped in to support the currency. The RBI tightened norms to curb speculative positions and capped banks’ net open positions at $100 million, even as…
Stock market began the week in red as tensions in the Middle East continue to intensify and benchmark indices tumble over 0.2%. While NSE Nifty50 opened below 22,800, BSE Sensex tumbled over 300 points. Around 9:25 am Nifty50 traded at 22,666.90, down 46 points or 0.2%. The 30 share pack Sensex also slipped 197 points…
Asian equities traded in green on Monday, as investors remained cautious with the Middle East war entering its sixth week and tensions continuing to rise. While Japan’s Nikkei and South Korean Kospi jumped in green, Australia, Hong Kong and Shanghai remained shut.Nikkei jumped, 1.65% to 54,001.64, up 878 points. Kospi also maintained the momentum, rising…
As many as 38 companies, including SBI Funds Management and Manipal Health Enterprises, filed preliminary IPO papers with Sebi in March, signalling improving issuer sentiment even as regulatory timelines contributed to the surge. This marks a sharp jump from 22 filings in March 2025 and 16 in March 2024, data from Sebi showed, indicating a…
What once felt like stepping into a weekend dream: buzzing food courts, lively movie halls, bags in hand after a shopping spree, now feels strangely hollow. Walk in today, and the lights are still on, the escalators still moving… but where is everyone?Welcome to India’s ghost malls, where you will find shops still open, food…
OPEC+ on Sunday agreed to increase oil production quotas for the second consecutive month, while cautioning that damage to energy infrastructure amid ongoing conflicts could disrupt global supplies for an extended period, AFP reported.The oil cartel decided to raise output quotas by 206,000 barrels per day (bpd) from May, with key producers including Russia, Saudi…
OPEC+ may approve an oil output increase at its meeting on Sunday, though the move is expected to remain largely symbolic as key producers are unable to raise supply due to disruptions caused by the US-Israeli war with Iran, Reuters reported citing sources.Eight OPEC+ members are scheduled to meet at 1300 GMT to discuss production…
India’s gold imports rose 28.73% to $69 billion during April-February 2025-26, driven by elevated prices of the precious metal, according to Commerce Ministry data cited by PTI.Gold imports had stood at $53.52 billion in the corresponding period of 2024-25.The sharp rise in imports contributed to a widening trade deficit, which increased to $310.60 billion in…
India’s television market is headed for new challenges as manufacturers face rising input costs and shifting consumer demand patterns that are beginning to affect sales momentum. Industry players are facing a sharp escalation in the cost of key components such as memory chips (RAM), alongside higher plastics prices and increased ocean freight charges. These freight…
Gold and silver are likely to trade in a range with a positive bias in the coming week as investors track geopolitical developments in West Asia and key global macroeconomic data, analysts said, according to PTI.Market participants will also watch the Reserve Bank of India’s monetary policy decision due mid-week for further cues.“Going into the…
