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Oil marketing companies incurred losses of Rs 74,781 crore by selling petrol, diesel and LPG below cost until June 30, Petroleum Minister Hardeep Singh Puri said. He indicated fuel price cuts could be considered if global crude oil prices remain low
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The rupee fell 18 paise to close at 95.34 against the US dollar after early gains faded due to importer demand and FII outflows. Lower crude prices and a weaker dollar offered support, while investors tracked global economic and geopolitical developments
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Commerce Minister Piyush Goyal said Japanese investments remain central to India-Japan ties, highlighting cooperation in automobiles, infrastructure and technology. He expressed confidence in the Mumbai-Ahmedabad bullet train project, encouraged greater trade and investments, and stressed opportunities for Indian healthcare professionals in Japan
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India and Japan strengthened their strategic partnership by launching an economic security framework, a defence co-development pact, and major initiatives in energy, semiconductors, quantum technology and bio-gas. The agreements followed talks between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi
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Gold prices slipped on Thursday due to profit booking, while silver extended its gains for a third consecutive session. Investors are closely watching the US non-farm payrolls report, with expectations of a patient Federal Reserve supporting precious metal prices.
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Benchmark equity indices opened higher on Thursday as easing crude oil prices and optimism over US-Iran talks lifted investor sentiment. IT stocks led the gains, while analysts cited improving macroeconomic conditions, robust auto sales and slowing FII outflows as additional positives.
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The rupee strengthened by 26 paise to 94.90 against the US dollar in early trade on Thursday, aided by lower crude oil prices, stable global risk sentiment and renewed foreign inflows into Indian bond markets despite continued caution over RBI intervention.
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With 15 FTAs in force and a few under negotiation, India’s trade success will depend not just on signing agreements, but also on how it leverages them to drive growth, competitiveness, and global integration
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Raja Koduri-founded OXMIQ Labs has secured 35 million dollars in Series A funding, taking its total capital raised to 60 million dollars. The investment will help expand OxCore, the company's licensable GPU architecture designed for custom AI silicon and efficient AI infrastructure
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The United States has removed four Indian companies from its sanctions list, previously accused of supplying advanced technology and equipment to Russia’s military-industrial base. The firms — Hyderabad’s RRG Engineering Technologies and Lokesh Machines, Ahmedabad’s Galaxy Bearings, and New Delhi’s Shaurya Aeronautics — were de-listed from the Office of Foreign Assets Control’s Specially Designated Nationals list.
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The rupee depreciated by 5 paise to close at Rs 94.56 against the US dollar, weighed down by a stronger greenback and risk-off sentiment. Stable crude oil prices and expected central bank intervention helped limit losses during the trading session
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The rupee fell 15 paise to close at 94.65 against the US dollar, pressured by a stronger greenback, month-end corporate demand and risk-averse sentiment. Stable crude prices and expected RBI intervention limited losses despite weak domestic equities and FII outflows
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The Finance Ministry has extended the deadline for filing appeals before the GST Appellate Tribunal to July 31, citing technical issues and heavy rush on the portal. Nearly 30,000 appeals were filed in the past 15 days.
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Commerce and Industry Minister Piyush Goyal announced that UPI services have gone live in Greece, enabling instant, low-cost money transfers. During his Athens visit, he met Eurobank CEO Fokion Karavias and urged Greek businesses to invest in India.
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While financialisation is strengthening capital markets, it is weakening low-cost deposit base that has long sustained bank lending and profitability
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Indian benchmark indices ended lower on Monday as weakness in automobile, IT and PSU banking stocks, coupled with renewed geopolitical tensions in West Asia, weighed on sentiment. The Sensex fell 372 points, while the Nifty closed below the 24,000 mark.
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The rupee closed 9 paise lower at 94.54 against the US dollar on Monday after renewed geopolitical tensions between the US and Iran dampened investor sentiment. Despite supportive crude oil prices and foreign inflows, the domestic currency ended the day weaker
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Tata Motors aims to surpass one million annual commercial vehicle sales in the coming years as it moves ahead with the acquisition of Italy's Iveco Group. The deal is expected to strengthen its technology, global presence and manufacturing capabilities while boosting long-term growth
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A US federal judge has asked prosecutors to provide a fuller explanation before dismissing criminal charges against Indian billionaire Gautam Adani. The Department of Justice is expected to file its detailed explanation by July 13, after which the case is likely to be dismissed.
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Andhra Pradesh Chief Minister N. Chandrababu Naidu met Bharti Enterprises founder Sunil Bharti Mittal in Amaravati to discuss strengthening the state’s digital infrastructure. The meeting comes as Airtel Nxtra partners in the $15 billion Google AI Data Centre project in Visakhapatnam.
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Prestige Estates Projects has around Rs 65,000 crore of unrecognised revenue following record housing sales over the past three years. The company is targeting Rs 35,000-36,000 crore in pre-sales this fiscal and expects stronger launches, subject to regulatory approvals
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Stock market sentiment this week is expected to be driven by geopolitical developments in West Asia, crude oil price movements, domestic macroeconomic data, foreign investor activity and the progress of the southwest monsoon, according to market analysts
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Indian benchmark indices ended the holiday-shortened week on a positive note, with the Nifty closing above 24,000 and the Sensex posting gains. Analysts expect the recovery to continue if key resistance levels are crossed, supported by easing crude oil prices
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Union Commerce Minister Piyush Goyal launched a practical business utilisation manual for the India-UK CETA in London to help companies maximise trade opportunities before the agreement takes effect on July 15, promoting market access, investment and stronger bilateral economic cooperation
