The rupee fell to a record low of 93.12 against the US dollar on Friday, pressured by rising global uncertainty and higher crude oil prices amid the ongoing Iran war.The domestic currency declined 0.55% to breach its previous low of 92.63 recorded yesterday, extending losses to nearly 2% since tensions in the Middle East escalated….
MUMBAI: Precious metal prices crashed on Thursday after oil rallied to a near three-year high, raising inflation concerns and the US Federal Reserve maintained a status quo on rates. As a result, the price of gold on New York Commodity Exchange (Comex) crashed nearly 6% and was trading just above the $4,600/ounce (Oz) in late…
NEW DELHI: The commerce department on Thursday announced RELIEF – Resilience & Logistics Intervention for Export Facilitation – scheme, a Rs 497 crore package to help exporters with insurance support to navigate the challenge posed by the conflict in the Persian Gulf.Govt officials said more steps are on the anvil, with the finance ministry and…
MUMBAI: A day after HDFC Bank‘s non-executive chairman Atanu Chakraborty resigned citing concerns over practices inconsistent with his values and ethics, regulators, the bank’s board and management and the govt moved swiftly to contain a governance scare.Seeking to steady sentiment, newly appointed interim chairman Keki Mistry struck a firm tone while addressing analysts and reporters….
Top stocks to buy today (AI image) Stock market recommendations: Bajaj Broking Research has recommended Belrise Industries, and Jayaswal Neco Industries as the top stock picks for March 20, 2026. The brokerage also shares its views on Nifty and Bank Nifty:Index View: NiftyIndian benchmark indices remained highly volatile this week as investor sentiment stayed cautious…
ISLAMABAD: The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years, according to a media report on Thursday. The Manila-based bank said the facility was part of its 2026-30 Country Partnership Strategy (CPS2026-30) launched on Wednesday.According to a report in the Dawn newspaper, the…
Eid ul Fitr 2026 gold rush begins as prices drop in the UAE markets After weeks of soaring prices that kept many buyers on the sidelines, gold has finally taken a sharp turn in the UAE, dropping over Dh50 from its March peak and triggering a surge in last-minute Eid shopping across Dubai’s jewellery markets….
File photo (Picture credit: AP) Six major powers, Britain, France, Germany, Italy, the Netherlands and Japan, said on Thursday they are ready to support efforts to ensure safe passage through the Strait of Hormuz, as the conflict in the Gulf continues to disrupt one of the world’s most critical energy chokepoints.In a joint statement, the…
File photo: US treasury secretary Scott Bessent (Picture credit: AP) The Trump administration is considering lifting sanctions on around 140 million barrels of Iranian oil currently stranded on tankers in a bid to boost global supply and cool surging crude prices, as the war in the Gulf continues to hammer energy infrastructure and disrupt shipping…
The Centre has classified key energy data as a matter of national security and directed all entities across India’s oil and gas value chain to submit detailed operational information, as the government moves to tighten oversight of supplies disrupted by the ongoing Middle East war.The oil ministry has issued the Petroleum and Natural Gas (Furnishing…