The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified changes in the foreign direct investment (FDI) policy to permit overseas companies with Chinese shareholding of up to 10 per cent to invest in India through the automatic route, subject to sectoral limits and conditions, PTI reported.However, the relaxation will not apply…
Mumbai: Walmart-backed PhonePe has paused its IPO amid volatility in the markets which have fallen by about 7% since the start of the West Asia conflict. In a statement on Monday, the fintech firm said that it will resume the listing process once there is some stability in global capital markets. “We sincerely hope for…
The government on Monday said India’s fuel supply situation remains stable, with adequate crude oil availability and refineries operating at peak capacity even as geopolitical tensions in Middle East continue to disrupt regional energy flows.Addressing concerns over possible shortages, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas,…
The rupee weakened by 10 paise to settle at a fresh record low of Rs 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties, PTI reported.The local currency, however, resisted a sharper fall as domestic equity markets staged a significant recovery…
The Port of Fujairah in the UAE was once again hit by a drone strike, triggering a fire at a petroleum facility. Specialised emergency teams responded promptly and brought the blaze under control, and no injuries were reported. The attack comes amid rising tensions in the Middle East, as the conflict involving Iran, the United…
India’s combined merchandise and services exports reached $76.13 billion in February 2026, marking an 11.04%increase from $68.56 billion in February 2025, the commerce ministry said on Monday. At the same time, imports surged even more sharply, rising 21.61% to $80.09 billion from $65.84 billion a year earlier. This led to a widened overall trade deficit…
Gold started the week on a shaky note, slipping Rs 2,225 to hit Rs 1.56 lakh per 10 grams in Monday’s futures trade, dragged down by a firm US dollar and weak overseas markets. On the Multi Commodity Exchange, April gold contracts fell 1.4% to Rs 1,56,241 on a turnover of 7,881 lots. “Rising energy…
Gold on the domestic front on the daily chart is witnessing a short-term corrective phase after a strong uptrend. (AI image) Gold price prediction today: Gold prices are supported by the underlying geopolitical negative sentiment but the gains are capped, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold declined last…
MUMBAI: Ahead of the onset of peak summers, a brisk business season for consumer durables companies, some AC makers are feeling the heat of the West Asia war as restricted supplies of LPG and shortage of petrochemicals are beginning to hit production, industry executives said. LPG is used in processes such as brazing of copper…
Top stocks to buy (AI image) Stock market recommendations: Coal India, and State Bank of India (SBI) are the top stock recommendations by Motilal Oswal Financial Services Ltd for this week starting March 16, 2026. Stock name CMP (Rs) TP (Rs) UPSIDE (%) Coal India 467 520 11% SBI 1047 1300 24% Coal IndiaCoal India…