NEW DELHI: Goods exports rose 18% in May to a record $45.2 billion, driven by higher oil prices and restoration in supply chains and shipments to West Asia near last year’s level. With imports rising 20.5% to a seven-month high of $73.4 billion, trade deficit widened to $28.2 billion in May.“We have carried forward the…
NEW DELHI: Nearly all shareholders of Bharti Airtel Monday approved ongoing transaction to consolidate its stake in subsidiary Airtel Africa, indicating strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment, a promoter group entity, on preferential basis, in exchange for 16.3% stake in Airtel Africa. Upon consummation and approvals,…
NEW DELHI: India’s wholesale inflation surged for the eighth consecutive month to 9.7% in May from 8.3% in April on account of high prices of crude oil and manufactured products, the newly released wholesale price index (WPI) series Monday with the updated 2022-23 base year showed.Besides, the Department for Promotion of Industry and Internal Trade…
More than four decades after it was first being filled, the US emergency oil stockpile has fallen to its lowest level. The Trump administration has continued drawing oil from the Strategic Petroleum Reserve (SPR) to ease the economic impact of the war with Iran, pushing the US emergency crude stockpile to its lowest level since…
The reopening of the waterway would also allow oil tankers currently stranded in the Persian Gulf to resume deliveries to consuming markets. (AI image) US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally. Crude oil supplies could…
Gold can extend its rally further in the short-term as oil prices remain under pressure. (AI image) Gold price prediction today: Gold prices may rise in the near-term as oil prices ease but the US Federal Reserve’s meeting is an important thing to watch, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.Gold Performance:…
MUMBAI: Fintech Razorpay has filed draft IPO papers with markets regulator Sebi through the confidential route, said people familiar with the matter, joining startup peers Zepto and Prism which are headed to Dalal Street for public listings. The Y Combinator and Peak XV Partners-backed company is seeking to raise up to Rs 6,000 crore through…
The heat in the Middle East appears to be finally cooling after over 3 months as the US and Iran have reached a tentative agreement to end the war. The conflict rattled energy and financial markets around the world as the Strait of Hormuz, a key route for global oil trade, was disrupted, affecting over…
For salaried taxpayers, Form 16 is one of the most important documents for ITR filing. (AI image) ITR filing FY 2025-26 (AY 2026-27): The income tax return filing season has started. One of the first things a taxpayer should do before logging into the income tax portal (incometax.gov.in/iec/foportal/) to file their tax return is to…
“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading around 23,957, up by 66 points, indicating steady opening cues for domestic indices. Global markets remain largely supportive despite ongoing geopolitical developments, as investors continue to focus on resilient economic data and stable risk sentiment. However, fluctuations in crude…
