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Home  Business

Business

Rupee falls 49 paise to 93.32 amid oil surge, Strait of Hormuz tensions

Rupee falls 49 paise to 93.32 amid oil surge, Strait of Hormuz tensions

  • India received highest number of regressive tax recommendations from IMF: Oxfam

    India received the highest regressive tax advice from the International Monetary Fund, according to Oxfam, which flagged a “double standard” favouring wealthy nations and warned such policies could worsen inequality in developing economies
  • Gold, silver trade lower as US Hormuz blockade rattles markets

    Gold and silver prices fell sharply in Mumbai trade as the Strait of Hormuz blockade announcement and rising tensions dented sentiment. Weak global cues and risk-off mood pushed bullion lower, with MCX and COMEX metals showing further downside pressure
  • Gold, silver prices fall up to 2 pc amid Strait of Hormuz blockade concerns

    Gold and silver prices declined up to 2 per cent on MCX amid rising geopolitical tensions after the US announced a blockade of the Strait of Hormuz. Weak global cues and risk-off sentiment also dragged equities and the rupee lower.
  • Stock markets dive as failure of US.-Iran negotiations fuels concerns of prolonged conflict

    Mumbai markets plunged sharply in early Monday trade as failed US-Iran talks and rising geopolitical tensions triggered a spike in crude oil prices, denting investor sentiment. Sensex and Nifty dropped heavily, with broad-based losses across sectors amid global risk-off mood
  • Opinion: India’s Rs 20,000-crore carbon capture bet

    CCUS push seeks to balance economic growth with climate goals, but high costs, technological uncertainty, and risks of carbon lock-in raise concerns
  • Women’s participation in IT flexi roles rises to 40 per cent in FY26

    Women’s participation in contractual and flexible roles in India’s IT and ITeS sector has increased to 40 per cent in FY26, driven by rising demand for flexible work. Finance, data roles lead preferences, with major concentration in metro cities
  • Eight of top firms add Rs 4.13 lakh crore in strong market rally

    Indian equity markets rallied sharply last week, adding Rs 4.13 lakh crore to eight of the top-10 firms. Banking stocks led gains, while Infosys and Reliance Industries saw marginal declines despite the overall positive market sentiment
  • TCS makes 25,000 fresher offers for FY27

    Tata Consultancy Services has made 25,000 fresher offers for FY27, with hiring to depend on demand conditions, CEO K Krithivasan said. The IT major reported stable pipelines, rising deal conversions, and improved discretionary demand across global markets.
  • Stock market: US-Iran talks, Q4 earnings and oil prices in focus for next week

    Indian equities rebounded sharply after six weeks of losses, with Nifty 50 and BSE Sensex gaining nearly 6%. Analysts expect cautious trading ahead, driven by global geopolitical tensions, Q4 earnings, and currency and crude oil movements
  • Rewind: Lost in comprehension — Can India’s AI boom think in its own languages?

    India AI Impact Summit promises need a real plan — link public procurement to vernacular AI standards and build a national language data commons, freely accessible to researchers and startups
  • Centre hikes excise duties on diesel, ATF to curb global price impact

    The Union government has sharply increased excise duties on petroleum products, including diesel and aviation turbine fuel, citing volatile global crude prices and disruptions caused by conflict in West Asia. Diesel export duty has been raised to Rs 55.5 per litre, while ATF duty has climbed to Rs 42 per litre.
  • Gold rises 1.65 pc in a week amid safe-haven demand, weaker US dollar

    Gold prices rose 1.65 per cent over the week, supported by safe-haven demand and a weaker US dollar amid easing inflation concerns and US-Iran ceasefire talks. Analysts say resistance near $5,000 could trigger a stronger bull run in global markets.
  • Opinion: Panic buying and policy gaps – what Hyderabad’s fuel crisis reveals

    India needs a Digital Essential Commodities Misinformation Policy to enable real-time government–platform coordination, curb viral supply rumours, and prevent panic buying that disrupts markets and public trust
  • Shapoorji Pallonji Mistry pushes for Tata Sons listing, cites public interest

    Mistry’s remarks come amid reports that Tata Trusts trustees Venu Srinivasan and Vijay Singh support public listing of Tata Sons, while chairman Noel Tata opposes the move
  • Jaypee founder backs Adani in JAL acquisition battle

    National Company Law Tribunal’s Allahabad bench had approved Adani Enterprises' Rs 14,535 crore bid to acquire JAL assets, which was challenged by Vedanta with a Rs 17,926 crore offer
  • Sensex, Nifty rise over 1 per cent amid global market cues

    Indian equity benchmarks rose sharply on Friday, with Sensex gaining over 900 points and Nifty crossing 24,000, as investors tracked global cues and West Asia tensions, while strong participation in broader markets supported the overall upward momentum
  • AI tools to drive 15 to 20 per cent growth in trade sales: report

    Artificial Intelligence can help companies increase revenue from general trade sales channels by up to 20 per cent, according to a BCG report, by improving sales planning, execution and customer engagement through AI-powered tools and automation
  • Apple tops global smartphone market in Q1 2026 with 21 per cent share

    Apple led the global smartphone market in Q1 2026 with a 21 per cent share, driven by strong iPhone demand. However, overall shipments declined due to memory shortages, while Samsung faced pressure despite strong interest in its latest S26 series
  • Gold ETF inflows decline in March as Middle East tensions weigh in

    Gold ETF inflows in India fell sharply in March to Rs 2,266 crore from February’s Rs 5,255 crore, according to AMFI, as geopolitical tensions and price corrections dampened demand, though assets under management stayed strong at Rs 1.71 lakh crore
  • Gold, silver decline nearly 1 pc as profit booking offsets demand

    Gold and silver prices on Multi Commodity Exchange fell around one percent as profit booking reduced safe-haven demand. Gold and Silver showed cautious trends, with analysts संकेत mixed momentum amid shifting investor sentiment toward riskier assets and easing geopolitical tensions
  • Sensex, Nifty trade sharply higher despite geopolitical jitters

    Mumbai equities surged tracking gains despite geopolitical tensions and Strait of Hormuz concerns, with Sensex and Nifty rising led by banking, auto and metals, while IT lagged; analysts expect easing energy prices and remain optimistic on growth and upcoming earnings
  • RBI proposes delay for digital transfers above Rs 10,000 to curb rising frauds

    The RBI has proposed new safeguards to curb rising digital payment frauds, including a one-hour delay for transfers above Rs 10,000, trusted-person authentication for seniors, limits on large credits, and a “kill switch” to disable digital payments instantly
  • Editorial: RBI tightens the belt for tough days ahead

    The central bank's decision to maintain the status quo signals a careful balancing act between controlling inflation and supporting economic growth in an increasingly uncertain global environment
  • Global economy faces downgrade as IMF flags Iran war impact

    The International Monetary Fund has warned that the Iran war is set to darken the global economic outlook, with Managing Director Kristalina Georgieva confirming a downgrade in growth forecasts next week. Despite resilience shown in past trade shocks, the conflict has disrupted energy supplies, raised oil and gas prices, and shaken business confidence.
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