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Home  Business

Business

Sensex rises 43 points, Nifty gains marginally amid crude surge

Sensex rises 43 points, Nifty gains marginally amid crude surge

  • Rupee falls 11 paise to 95.28 against US dollar

    The rupee declined 11 paise to settle at 95.28 against the US dollar, pressured by a firm greenback and higher crude oil prices. FII inflows provided some support, while uncertainty over West Asia talks weighed on the local currency
  • Government collects Rs 10,463 crore customs duty on precious metals

    The government collected Rs 10,463 crore in customs duty on gold, silver and platinum between May 13 and August 2, Parliament was informed. Gold accounted for Rs 10,040 crore, while silver and platinum contributed Rs 328 crore and Rs 95 crore
  • Sensex, Nifty trade flat in early deals on mixed cues

    Indian equity markets traded mildly higher on Monday, supported by resilient domestic demand, strong corporate earnings and continued foreign investor buying. Sensex and Nifty gained around 0.2 per cent, while healthcare and IT stocks advanced as crude oil prices rose
  • Titan sees continued growth momentum in July, MD Ajoy Chawla says

    Titan Managing Director Ajoy Chawla said the company's growth momentum has continued into July after a strong first quarter. He expects healthy jewellery growth, stable gold prices and rising demand across business segments to support Titan's growth trajectory and FY30 targets
  • Crude oil, West Asia tensions to guide stock market this week

    Crude oil prices, West Asia tensions and upcoming inflation data are expected to influence Indian stock markets this week. Investors will also track Strait of Hormuz developments, foreign investor flows and quarterly earnings, while CPI and WPI data are due
  • 4 top-valued firms add Rs 1.43 lakh crore in market cap last week

    Four of India’s top 10 most valued companies gained nearly Rs 1.43 lakh crore in market capitalisation last week, led by SBI, while six firms lost around Rs 1.23 lakh crore. Sensex and Nifty ended higher despite market volatility and uncertainties
  • UPI to stay free for consumers: Centre

    The Finance Ministry has clarified that UPI payments will remain free for consumers, with any future merchant discount rate (MDR) applicable only to select high-value merchant transactions at nominal rates.
  • We have to come out of it: Shah calls for better RBI-UCB relationship

    Union Cooperation Minister Amit Shah urged urban cooperative banks to change their perception of the RBI, citing its recent support for the sector. He also called for all 1,400 UCBs to join NUCFDC, highlighting its benefits in technology, compliance and cybersecurity
  • US tariff bill raises concern over Indian engineering exports

    The US Senate's approval of a bill allowing tariffs of up to 100 per cent on major importers of Russian energy has raised concerns over Indian engineering exports. EEPC India warned that additional levies could affect the competitiveness of Indian shipments
  • Government signs MoUs to strengthen support for startups

    The government has signed strategic MoUs with industry leaders and ecosystem enablers to strengthen support for DPIIT-recognised startups. The partnerships aim to improve access to digital payments, technology, mentorship, investment, global markets, skilling and capacity-building opportunities
  • Crude oil prices may stay volatile as Hormuz tensions persist

    Crude oil prices may remain volatile next week as markets monitor developments around the Strait of Hormuz. Experts said the Indian rupee could strengthen further against the US dollar if geopolitical risks remain contained and crude prices stay under pressure
  • Indian stock markets post weekly gains as crude prices ease

    Indian equity benchmarks posted weekly gains for the second consecutive week, supported by lower crude oil prices and strong Q1 FY27 earnings. Nifty gained 0.77 per cent, while Sensex added 0.52 per cent during the week amid broad-based buying.
  • Opinion: On the clock, off the grid—the hidden health crisis of India’s gig workers

    India’s gig economy is not just a story of flexibility and opportunity, but also one of workers paying the price of that flexibility through skipped meals, poor nutrition, and declining health
  • Editorial: India’s innovation challenge remains

    While the private sector’s rising R&D spending is a welcome shift, it alone cannot bridge India’s technology gap
  • Govt holds technical talks with Meta over deepfakes, harmful AI content

    The government held technical discussions with Meta over deepfakes, child sexual abuse material and unlabelled AI-generated content on its platforms. Meta explained its systems and proposed solutions, while officials sought specific measures and results to address harmful content and algorithmic concerns
  • Rupee gains 2 paise to 95.20 against US dollar amid Iran-Oman uncertainty

    The rupee ended nearly flat on Friday, gaining 2 paise to 95.20 against the US dollar, as risk aversion over uncertain Iran-Oman negotiations and higher crude prices weighed on sentiment. Markets remained cautious ahead of the weekend and US jobs data
  • Crude oil futures climb to Rs 7,404 per barrel

    Crude oil futures rose 0.37 per cent to Rs 7,404 per barrel on the Multi Commodity Exchange amid rising geopolitical tensions in West Asia. Global benchmark crude prices also advanced as markets tracked developments involving Iran and Israel
  • Gold hits Rs 1.50 lakh in futures trade

    Gold futures climbed Rs 1,272 to Rs 1.50 lakh per 10 grams on the Multi Commodity Exchange as traders created fresh positions amid firm spot demand. Globally, gold futures also advanced more than 1 per cent in New York
  • FSSAI imposes penalty on AWL Agri Business for selling substandard Fortune fortified sunflower oil

    FSSAI has penalised AWL Agri Business Ltd for manufacturing and selling substandard fortified sunflower cooking oil under the Fortune brand. A Goa sample failed laboratory tests due to inadequate Vitamin D levels, violating food fortification standards under the Food Safety Act
  • Akasa Air launches ‘Akasa Elevate’ loyalty programme as it completes four years

    Akasa Air has launched Akasa Elevate, its first loyalty programme, as the airline celebrates four years of operations. Members can earn points on eligible flights and ancillary services, while passengers who flew since April 1 can claim points retrospectively.
  • Rs 8.5 lakh crore DII inflows dwarf FPI outflows in FY26: SEBI

    SEBI's FY26 report showed domestic institutional investors invested a record Rs 8.5 lakh crore, offsetting FPI outflows of Rs 1.8 lakh crore. Strong mutual fund inflows, rising demat accounts and record capital raising underscored the resilience of India's capital markets
  • Sensex, Nifty fall in early trade as financial stocks drag

    Benchmark indices Sensex and Nifty opened lower on Friday as financial stocks declined and crude oil prices rose. Investor sentiment remained cautious amid geopolitical concerns, while global markets delivered mixed cues following losses on Wall Street
  • Rupee falls 14 paise to close at 95.22 against US dollar on dollar recovery

    The rupee depreciated 16 paise to close at 95.24 against the US dollar on Thursday, weighed down by a firmer dollar index and foreign fund outflows. Lower crude oil prices limited losses, while domestic equity markets ended higher
  • PhonePe launches fixed deposit service, introduces Daily RD with partner banks and NBFCs

    PhonePe has launched fixed deposit distribution in partnership with banks and NBFCs while introducing the Daily RD, a digital micro-savings product with investments starting at Rs 100 per day. The platform enables users to open, manage and withdraw deposits digitally
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