US dollar climbs to 17-month high US dollar seems to be having a good week, climbing to a 17-month high on Friday towards its third straight week of gains. The momentum comes as a global bond rout pushed borrowing costs higher and left the euro facing fresh losses.The dollar index, which measures the US currency…
On NSE, Nifty too showed a similar trajectory and closed 199 points (0.9%) down at 22,422 points. For both leading indices, it was the first time in 25 years that they recorded lower weekly closes for eight consecutive weeks. MUMBAI: Rising bond yields in almost all major markets around the world, along with spiking crude…
Stock market holiday today Investors will have a break from domestic equity trading on Friday as the stock market remains closed for Mahatma Gandhi Jayanti. October 2, 2026, is listed as a full trading holiday in the 2026 market calendar, with both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) shut for regular…
The Directorate General of Trade Remedies found that low-priced imports hurt domestic manufacturers, limiting their ability to raise prices despite higher costs. NEW DELHI: Mobile covers imported from China could become costlier as India’s trade remedies authority recommended a five-year anti-dumping duty of $72 per 1,000 pieces. The Directorate General of Trade Remedies found that…
Piyush Goyal with Jamieson Greer The India-US trade agreement is in the “short strokes” of negotiations, but the deal is not yet imminent. United States Trade Representative (USTR) Jamieson Greer has indicated that discussions between the two sides are continuing over unresolved issues. He added that PM Modi and US President Donald Trump could speak…
Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies Oil prices edged higher on Friday as fresh restrictions on Chinese fuel exports and reports of increased US military deployments to the Middle East kept supply concerns in focus.Brent crude stood at $102.60, higher by 28 cents or 0.27% while WTI crude…
Under the earlier regime, acquiring a “major shareholding”—defined as 5% or more of a bank’s paid-up share capital, demanded prior clearance from RBI. MUMBAI: RBI has eased rules for large DIIS acquiring shares in banks, allowing eligible mutual funds, pension funds and insurance firms to obtain one-time approval to raise their aggregate holding to 10%…
The ministry also flagged worries around short-term pressure on Indian assets and the rupee, along with capital flowing towards geographies due to AI. NEW DELHI: The finance ministry Thursday said the growth momentum extended into the second quarter, although at a more measured pace, and the economy may expand 7.3% during July-Sept.While flagging multiple parameters…
Official data showed that the GST growth in Sept, based on transactions in Aug, was powered by a 26% jump in integrated GST on imported goods to Rs 65,525 crore as higher commodity prices and a weaker rupee drove up the import bill. NEW DELHI/MUMBAI/CHENNAI: It turned out to be a strong end to the…
The sister-in-law also submitted a written statement to support the man’s version. (Image for representative purpose only) An income tax raid is conducted and foreign currency is found, but it doesn’t belong to you – what happens then? A few months after demonetisation, the Income Tax Department searched a man’s property in Delhi.During the operation,…
