Sensex lost nearly 3,000 points or 3.8 per cent last month, as tension in West Asia rose again, which in turn pushed up oil prices (Photo: Reuters). MUMBAI: With crude oil prices showing a rising trend due to increasing hostilities between US and Iran in the Persian Gulf region, and a weakening rupee threatening to…
NEW DELHI: Trusted, timely and interoperable data is key to evidence-based policymaking and data-driven governance, principal secretary to PM Shaktikanta Das said Tuesday in a workshop organised by statistics ministry on strengthening the national data system . MoSPI secretary Saurabh Garg also underscored the need to move from siloed departmental data systems towards an integrated,…
Reliance Industries is planning to raise as much as Rs 12,500 crore via bonds as early as next week. (AI generated image) Reliance Industries is planning to raise as much as Rs 12,500 crore via bonds as early as next week, according to people familiar with the matter, which would make it the largest listed…
MUMBAI: The unicorn tag is no longer easy to come by for India’s startups. Blame it on the AI boom triggering the flight of substantial foreign capital to the US or investors rejigging their approach in line with the current business landscape: the startup space is undergoing a valuation reset.Data sourced from Tracxn showed that…
US President Donald Trump with Canadian Prime Minister Mark Carney The US and Canada trade dispute escalated on Tuesday (local time) with Washington announcing fresh restrictions on Canadian goods, after Ottawa introduced new tariffs on American products.The latest US measures will hit Canadian alcohol, dairy products, motorcycles and mopeds, while Canadian goods will also face…
NEW DELHI: India’s electric-vehicle retail sales rose 53% year-on-year in Aug, powered by strong gains in electric two-wheelers and passenger vehicles, although a sequential decline pointed to uneven momentum across manufacturers.Retail sales across electric two-wheelers, three-wheelers, passenger vehicles and commercial vehicles totalled 2,98,448 units, compared with 1,95,250 units in Aug 2025, according to Federation of…
MUMBAI: Maharashtra’s charity commissioner on Tuesday adjourned until Oct 15 hearings on objections filed by former Tata Trusts trustee Mehli Mistry against change reports recording his exit from three trusts, after the trusts sought more time to respond. The trusts cited a complicating development: the exit of Vijay Singh from Sir Ratan Tata Trust and…
Oil prices inch closer to $100 per barrel Oil prices moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the crude market.Brent crude rose 1.47% to $99.36 a barrel, while US West Texas Intermediate climbed 1.54% to $94.46The…
MUMBAI: Copper and crude oil, two important industrial raw materials for several industries, are on a tear. According to notes from Vedanta and ICICI Securities, a combination of factors like tightening mine supply, especially from Chile, shifting global trade flows amid potential US tariffs on refined copper, and accelerating demand from electrification, renewable energy, power…
Digital asset firms court sovereign funds NEW DELHI: Digital asset firms will court sovereign investors at a Delhi roundtable this week as India pursues “faster, cheaper international payments” while insisting replacing the dollar is not on its agenda. Brics Digital Asset Round Table will gather 50 industry leaders.Organiser SWFI said iBrics summit investors manage $1…
