What will set the tone for Dalal Street this week? With only four trading sessions, investors will be watching a clutch of key triggers, the US Federal Reserve’s interest rate decision, domestic inflation data, crude oil prices and developments in the Middle East for cues on the market’s next move, analysts said.Markets will be closed…
India supplies 70% of Russia’s record fuel imports as Ukrainian drones hit refineries India emerged as the biggest source of Russia’s fuel imports in August, as Ukrainian drone strikes hit Moscow’s refineries and disrupted domestic fuel production. During the month, Russia imported 172,000 tonnes of oil products, more than seven times its previous monthly record.According…
India’s gem exports rise 3.14% in August as studded gold jewellery shipments surge India’s gem and jewellery exports rose 3.14% year-on-year to $2.30 billion (Rs 21,945.87 crore) in August, as a sharp increase in shipments of studded gold jewellery and higher diamond export volumes supported the overall performance, the Gem and Jewellery Export Promotion Council…
Piyush Goyal hails New Delhi Declaration, says it reflects collective resolve for a more resilient, innovative and equitable partnership Union commerce minister Piyush Goyal welcomed the unanimous adoption of the New Delhi Declaration at the 18th Brics Summit, saying that it reflects the collective resolve of member countries to build a more resilient, innovative, development-focused…
MUMBAI: HDFC Bank has submitted two names in order of preference to RBI for appointment as its next managing director and CEO, setting in motion the succession process ahead of Sashidhar Jagdishan’s exit at the end of Oct.Alongside the CEO shortlist, the board also approved a revamp of its senior management by elevating chief credit…
RBI’s decision upends efforts by Noel Tata, chairman of Tata Trusts -Tata Sons’ majority shareholder -to keep the company private MUMBAI: Reserve Bank of India has shut the door on Tata Sons’ attempt to surrender its core investment company (CIC) registration, dealing a blow to the efforts of the holding company of the $185bn Tata…
MUMBAI: Markets regulator Sebi on Saturday proposed to make some changes to the recently introduced Closing Auction Session’s (CAS) timings and to the derivatives pricing mechanism. Launched on Aug 3, CAS had created controversy in the market with traders and investors pointing out that it increased volatility in stock prices and index values.Last week, Sebi…
US President Donald Trump during a meeting with Ireland’s Prime Minister Micheál Martin at Farmleigh House in Dublin US President Donald Trump on Saturday claimed that Canada was keen to reach a trade deal with the United States and that an agreement could come “fairly soon”.“Canada wants to make a deal very badly,” Trump told…
Leaders pose for a family photo during the Brics summit in New Delhi (Picture credit: Reuters) There is currently no proposal to introduce a common Brics currency, while discussions on settling bilateral trade in local currencies will continue as a way to reduce transaction costs, Sudhakar Dalela, secretary (economic relations) in the ministry of external…
India’s infrastructure opportunity could hit $90 billion India’s growing data centre sector could open up a $90 billion opportunity for construction and infrastructure companies by FY35, according to a KPMG report. The opportunity is expected to rise from $30 billion by FY30 as the country adds more data centre capacity.India’s data centre capacity is expected…
