Brent crosses $101 once again Oil prices rose more than 1% on Wednesday, with Brent crude crossing the $101-a-barrel mark as fresh supply risks outweighed rising optimism due to increased Middle East crude supplies.WTI crude rose 1.05% to $90.38 a barrel, while Brent crude gained 1.02% to $101.60 as supply concerns emerged in Saudi Arabia…

Centre approves Rs 10,000 crore fund for equity capital of SME as FTAs open expansion opportunities NEW DELHI: The Union Cabinet on Tuesday approved the setting up of Rs 10,000 crore SME Growth Fund (SGF), aimed at catalysing growth-oriented capital for small and medium enterprises (SMEs) to enable the emergence of champion enterprises across manufacturing,…

MUMBAI: After a break of about two weeks, Closing Auction Session (CAS) again played truant during Tuesday’s late session as weekly derivatives contracts on NSE were expiring. Within a span of just 30 seconds-between 15:20:00 and 15:20:30-Nifty rallied a little over 300 points or about 1.5%, and in the next eight minutes fell about 240…

Smartphone prices (Image for representation) NEW DELHI: Costlier smartphones are slowing India’s shift to 5G. Rising component costs are driving a comeback for 4G devices as buyers seek better specifications at affordable prices.Shipments of 4G smartphones are expected to grow 3% in 2026 even as the overall market declines, according to Counterpoint Research. Their share…

MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway…