The government on Saturday soothed concerns over fuel availability across the country, assuring that it has taken measures to ensure an uninterrupted supply and has stepped up contingency arrangements across key sectors. This comes as the world’s energy pipeline continues to be disrupted due to the Middle East war, that began back on February 28.In…
What are the most valuable assets for a country — gold, silver, currency? In Emilia-Romagna, northern Italy, the answer looks far less conventional. Here, vast climate-controlled warehouses store one of the region’s most unusual forms of wealth: hundreds of thousands of wheels of Parmigiano Reggiano cheese, slowly ageing and quietly getting more valuable over timeTo…
The Middle East conflict is once again shaking global oil markets, and its impact is being felt far beyond the region. As tensions rise, crude prices are shooting up and so is the pressure in India. The government now faces a tough choice: protect consumers from higher fuel prices or help state-run oil companies struggling…
Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
MUMBAI: Nvidia, the global US-based chip giant that’s at the forefront of the ensuing AI revolution across the world, now has a market capitalisation more than the total market cap of all the companies listed in India. Compared to the company’s valuation of $4.91 trillion during opening trades on Friday, India’s was at $4.88 trillion…
.Now more and more foreign investors are urging a review of the rule. MUMBAI: In just four months this year, foreign portfolio investors (FPIs) have net sold stocks worth a little over $20.6 billion, surpassing the highest ever yearly net sales figure in the domestic market.In 2025, FPIs had net sold stocks worth $18.9 billion,…
NEW DELHI: RBI deputy governor Poonam Gupta Friday said that India has strong macroeconomic fundamentals, which can help it sustain 7.5% growth with low inflation, and added that she was not seeing a major impact on the balance of payments situation due to the West Asia conflict.At a conference organised by the Isaac Centre for…
Jane Street Group’s journey to the top of Wall Street has been a lucrative ride for its workforce. The firm doled out $9.38 billion in compensation last year — more than double the amount in 2024 — as the market maker vaulted past its biggest Wall Street rivals, according to people familiar with the matter…
MUMBAI: InGovern Research has called on the RBI to reject Tata Sons’ application to surrender its financial licence, describing the move as a “strategic manoeuvre to sidestep mandatory listing obligations” and to order the company to list on domestic exchanges by March 2027.InGovern argued that the application, filed in March 2024, is “dead on arrival”…
NEW DELHI: India’s passenger vehicle market opened the new fiscal on a strong note, with April sales estimated at around 4.5 lakh units, marking a roughly 27% increase over 3.5 lakh units in the same month last year. The growth was led by strong performances across major automakers and sustained demand for utility vehicles.Maruti Suzuki…