MUMBAI: The rupee hit a record low of 92.36 against the dollar on Thursday after attacks on oil tankers in the Strait of Hormuz pushed up crude prices, though the currency recovered to close at 92.19, down 15 paise from the previous session. It ended the session down 0.16%.Brent crude futures rose to a peak…
MUMBAI: A technical tweak in the way banks report fortnightly balance-sheet data may swell India’s credit numbers by more than Rs 2 lakh crore this year and lift measured loan growth by over a percentage point. The change concerns the date on which banks report credit and deposit figures to the RBI, a schedule that…
The United States has temporarily permitted the sale of Russian oil already in transit, according to a treasury department notice issued on Friday. This comes as energy prices surged following US-Israeli strikes on Iran that pushed the Middle East into war.The treasury granted a license allowing transactions involving Russian crude oil and petroleum products loaded…
NEW DELHI: Retail inflation inched up by 47 basis points in Feb, largely led by an increase in food & beverages and personal care & effects inflation. The West Asia conflict is likely to add further pressure.Data released by the National Statistics Office (NSO) on Thursday showed retail inflation, as measured by the consumer price…
Abrar Ahmed and Kavya Maran NEW DELHI: Pakistan spinner Abrar Ahmed was signed by Sunrisers Leeds during the Hundred Auction 2026, but the move sparked backlash online. After the franchise announced the signing on X, the post was flooded with negative comments, with some fans criticising an IPL-linked team for picking a Pakistani player. EXCLUSIVE:…
NEW DELHI: As part of its tariff pressure, the US Trade Representative has launched a section 301 investigation against 15 countries, including India, to ascertain if there is structural excess capacity and production in manufacturing sectors.Based on the outcome of the probe – which follows US Supreme Court’s rejection of Donald Trump’s reciprocal tariff using…
BENGALURU: With the West Asia crisis escalating and recent Iranian strikes targeting the UAE, several IT companies and global capability centres (GCCs) have activated their business continuity plans (BCPs), introducing measures such as work-from-home, travel advisories and temporary office closures.Amid rising geopolitical uncertainty, many tech firms and GCCs are increasingly relying on India as a…
War, Oil, Markets: HSBC’s Bold Bet on the Gulf Amid Iran vs US-Israel Crisis Even as geopolitical tensions escalate across the Middle East, global banking giant HSBC has publicly reaffirmed its confidence in the long-term economic strength of the Gulf Cooperation Council (GCC) economies, signalling that international financial institutions are not retreating from the region…
Anxiety over LPG shortage has spilled over to the domestic sector, fuelling panic bookings of cooking gas cylinders, while server glitches in the IVRS and other online booking systems are prompting people to queue up outside distribution agencies, compounding the chaos and fraying the nerves of consumers as well as suppliers across the country.Despite govt’s…
NEW DELHI: ED on Wednesday attached 31 land assets worth more than Rs 582 crore associated with Anil Ambani and his Reliance Home Finance Limited and Reliance Commercial Finance Limited.These properties are located across 13 states and the attachments are the result of searches on Reliance Power on March 6. The total attachment against Ambani…