NEW DELHI: Driven by an uptick in food prices and pressure on energy prices due to the West Asia conflict, wholesale price index (WPI) based factory gate inflation surged for the ninth consecutive month to touch a 27-month high of 9.9% in June, as against 9.7% in May, official data showed.Similarly, the inflation in output…
NEW DELHI: After a lacklustre March quarter, National Company Law Tribunal (NCLT) cleared 78 resolution plans in April-June – a record for the quarter — while flagging the capacity constraints that it has to tackle.Latest NCLT data pegged the value of the resolution plans approved in April-June quarter at Rs 5,518 crore, taking the overall…
Oil prices surged beyond the $85-a-barrel mark on Wednesday as the Middle East once again got embroiled in conflict. Energy supply concerns intensified after the United States reinstated a naval blockade on Iran and fighting between Washington and Tehran escalated, raising fears over crude supplies moving through the Strait of Hormuz.Brent crude and US West…
MUMBAI: Reserve Bank of India has proposed changes to bank shareholding norms to ease investment by domestic institutional investors, while tightening disclosure and monitoring to maintain regulatory oversight. The amendments will make it easier for fund managers that are part of a financial conglomerate to acquire shares in private banks without triggering acquisition norms.RBI has…
NEW DELHI/MUMBAI: Government has begun the exercise to decide on the process for sale of its stake in IDBI Bank and is looking to speed up the process months after rejecting bids that were below the reserve price.Two high-powered meetings of officials took place on Monday, govt officials said, with focus on two qualified bidders-Prem…
Considered one of India’s most significant trade agreements in recent years, CETA will provide duty-free market access for almost 99% of Indian exports. (AI image) India-UK FTA: The India-UK Comprehensive Economic and Trade Agreement or CETA comes into effect from July 15, 2026. The landmark trade deal is set to deliver several benefits to Indian…
US stock market today (AI image) US stocks today: Wall Street traded on a more stable note on Tuesday after a US inflation report came in better than economists had anticipated, helping calm investor sentiment despite a continued surge in oil prices amid fears that the United States and Iran could slide back into a…
Conditions around the Strait of Hormuz have worsened. As the conflict between the US and Iran escalates, supertankers are quietly transiting through the Strait of Hormuz. Iran has continued moving oil tankers through the Strait of Hormuz in recent days, even before the United States announced that it would reinstate a blockade on Iranian ports…
Rupee weakened past the 96-mark against the US dollar for the first time since late May on Tuesday, pressured by surging crude oil prices and heightened geopolitical tensions in West Asia that boosted demand for the safe-haven US currency.The domestic currency depreciated 48 paise to 96.16 against the US dollar in early trade after opening…
The Supreme Court has appointed L Nageswara Rao,a retired apex court judge MUMBAI: The Supreme Court has appointed L Nageswara Rao, a retired apex court judge, to mediate the family dispute over more than Rs 1 lakh crore in assets between Bharat Forge chairman Baba Kalyani and his sister Sugandha Hiremath.The court gave the parties…