RBI deputy governor Poonam Gupta MUMBAI: RBI deputy governor Poonam Gupta said that despite multiple shocks, India’s inflation is likely to remain within the target band, unlike several advanced economies where inflation is running above target and may require higher interest rates. She also said that there was scope for the rupee to appreciate from…
NO TRUCE Sameer Hiremath (left) and Baba Kalyani MUMBAI: Baba Kalyani voted against his own nephew and lost. Sameer Hiremath, 52, secured the chairmanship of Hikal despite opposition from Bharat Forge’s chairman and MD, with public shareholders tipping the balance.The resolution passed narrowly. Of the votes cast, nearly 52% backed Sameer’s appointment as CMD, against…
Four agencies raise India’s growth projection NEW DELHI: The Asian Development Bank and OECD, along with ratings agencies S&P and Fitch, joined Moody’s in raising India’s growth forecast for the current year. ADB and S&P now expect India’s GDP to expand by 7% this year, compared with their earlier projection of 6.6%, while Fitch has…
The proposed ban comes as diesel prices have surged amid disruptions linked to the Trump administration’s war against Iran, which began in February, and Ukrainian attacks on Russian oil refineries. Farm-state Republicans have been pressing the administration to act as fuel costs rise. The Trump administration is preparing a 90-day ban on US diesel exports…
The eight-storey, sea-facing tower covers 63,000 square feet (5,853 square meters) in Mumbai’s upscale Juhu neighbourhood. Marking the largest ever single-home purchase in terms of deal size, Angel One founder Dinesh Thakkar has purchased a full residential tower in Mumbai.Dinesh Thakkar, founder and CMD of financial services and stockbroking company Angel One, will acquire an…
Petrol, diesel margins for OMCs seen recovering sharply in Q2FY27 (representative image) India’s oil marketing companies (OMCs) could see a sharp recovery in petrol and diesel margins in the second quarter of FY27, although continued losses on LPG sales are likely to limit the overall benefit, according to a report by JM Financial Institutional Securities.The…
Aliko Dangote, Africa’s richest person, has hired an Indian firm to oversee the construction of his next big project, a $16 billion refinery in Kenya.Engineers India Ltd (EIL), with a majority stake owned by the state, has signed a $450 million deal with Dangote to oversee the construction of the 700,000-barrels-per-day greenfield refinery and petrochemical…
The expansion of higher-speed track infrastructure has been significant. Indian Railways is looking to up the average speed of trains and the length of railway tracks that are now capable of speeds of 130 kmph and above has nearly jumped five-fold since 2014. Yet, the overall punctuality remains at 77% in 2025-26, with only 3…
The two flats provided to him under the PAA were valued at Rs 1.38 crore by the stamp duty authorities. (Image for representative purpose only) This is the case of a man who surrendered his tenancy rights and got flats from the builder in lieu of that. He was then served an income tax notice…
With the Fed decision behind markets, gold lacks one dominant story and is reacting to fast-moving headlines instead. Gold price prediction today: Gold prices are likely to be choppy as safe haven demand and rising interest rates put opposing pressures, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers….