The data comes a day after the June Consumer Price Index (CPI) inflation numbers which breached the RBI’s target level of 4% for the first time in several months. (AI image) The impact of the US-Iran war is feeding into prices, with India’s wholesale price inflation accelerating to 9.87% in June from 9.68% in May….
Conditions around the Strait of Hormuz have worsened. As the conflict between the US and Iran escalates, supertankers are quietly transiting through the Strait of Hormuz. Iran has continued moving oil tankers through the Strait of Hormuz in recent days, even before the United States announced that it would reinstate a blockade on Iranian ports…
NEW DELHI: India’s trade deficit widened to a five-month high of $30.4 billion as imports jumped 31% – the fastest pace of expansion in nearly four years – to $70.8 billion, although exports retained their momentum.Latest data released by the commerce department on Monday estimated that exports rose 15.4% to $40.4 billion, but it was…
The renewed US-Iran tensions are driving crude oil prices higher, putting pressure back on the rupee. (AI image) The Indian rupee is back in the red after having appreciated in recent weeks due to Reserve Bank of India’s (RBI) measures and intervention. The currency has given up most of the gains it recorded after the…
Gold price prediction today: Gold prices will continue to be influenced by developments on the US-Iran conflict front in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
NEW DELHI: Retail inflation based on consumer price index (CPI) inched up for the fifth consecutive month to 4.4% in June from 3.9% in May, crossing the 4% mark for the first time in 17 months.This was a result of acceleration in food prices and the multiple rounds of fuel price hikes that govt undertook…
Rupee weakened past the 96-mark against the US dollar for the first time since late May on Tuesday, pressured by surging crude oil prices and heightened geopolitical tensions in West Asia that boosted demand for the safe-haven US currency.The domestic currency depreciated 48 paise to 96.16 against the US dollar in early trade after opening…
Stock Market Live Updates: Indian benchmark indices extended their losses in early trade on Tuesday, with the BSE Sensex tumbling 552.99 points to 77,063.41, while the NSE Nifty50 declined 160.45 points to 24,050.55. This comes after the market closed flat on Monday after recovering from sharp intraday losses, supported by a rally in IT stocks…
File photo: Supreme Court of India NEW DELHI: Observing that a wrongdoer cannot be allowed to use the plea of investors having gained, Supreme Court on Monday upheld Sebi’s action against Kotak Mahindra Asset Management Company (Kotak AMC), its trustee company, and senior executives, including MD Nilesh Shah, for violation of mutual fund rules over…
Stock market recommendations: Divi’s Laboratories, Bajaj Finserv, Bharat Forge, and Coforge are the top stocks to buy recommended by Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan for July 14, 2026:Divi’s Laboratories: Buy in the range of Rs 6930-6955; Stop Loss: Rs 6725; Target: Rs 7250On the weekly chart, the stock has given…
