Oil prices head for weekly gains Oil prices extended their weekly rally on Friday, with Brent crude hovering near $94 a barrel as the ongoing US-Iran conflict continued to disrupt energy supplies.Brent crude inched to $93.89 per barrel around 7:30 am IST, after gaining 2.4% in the previous session. US West Texas Intermediate stood at…
Indian equities are likely to begin Friday’s session on a cautious note, with benchmark indices expected to open slightly higher after breaking a prolonged losing streak in the previous session. GIFT Nifty futures were at 24,311.50 at 7:52 am, pointing to a mildly positive opening for the Nifty 50, which closed at 24,231.85 on Thursday….
File photo: US treasury secretary Scott Bessent speaks to members of the media in Washington (Picture credit: AP) The United States is preparing what treasury secretary Scott Bessent described as the “toughest sanctions in history” against Iran, as Washington seeks to intensify economic pressure on Tehran and force the country towards a settlement.Bessent said the…
Core sector growth rises to 5.4% in July, cement and iron ore drive expansion NEW DELHI: Core sector grew 5.4% in July, compared with 3.2% a year ago, official data released on Thursday showed. Sequentially, the growth marked a slowdown from an upwardly revised figure of 6% in June. The new series, with revised base…
Prop traders made Rs 44,000cr in F&O, retail traders lost Rs 72,000cr in FY26, says Sebi MUMBAI: Large institutions and proprietary traders continued to make a killing in the derivatives segment of the market during FY26. At the same time, it was retail traders who lost heavily during the fiscal, a Sebi study of F&O…
HDFC Bank raises record $1.8 bn via dollar bond issue MUMBAI: HDFC Bank has raised $1.75 billion through a dual-tranche dollar bond issue from its GIFT City branch to fund overseas lending and general banking operations.The issue comprises $500 million of three-year notes at 5.15% and $1.25 billion of five-year notes at 5.4%, settling Aug…
Niva Bupa says no financial impact from Irdai action, vows steps to safeguard stakeholders MUMBAI: Niva Bupa Health Insurance has been barred from opening new places of business for six months after the insurance regulator found that the company had failed to comply with expense of management limits for 2024-25.Irdai in an order issued Aug…
VB G RAM G generates 11.4 crore person-days, women account for 61.5% NEW DELHI: Over 11.4 crore person-days have been generated since the rollout of Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) Act (VB G RAM G Act), which replaced MGNREGA, according to the govt portal on the new scheme. Women account for 61.5%…
Sugar imports open after decade as govt moves to check price surge NEW DELHI: Govt Thursday allowed the import of 10 lakh tonnes of raw sugar, the first such move in a decade, as it stared at a possible decline of at least 20% in the opening stock of the sweetener.The move came soon after…
US-Iran war hits Indian carriers harder as international passenger traffic falls 26% NEW DELHI: The US-Iran war’s impact on international air travel globally has, from an Indian perspective, hit homegrown carriers harder than foreign ones.While people flying in and out of India fell 10.5% to 1.7 crore during April-June, the traditional peak summer quarter, Indian…
