Rising tensions in the Middle East pushed oil prices sharply higher on Tuesday after Iranian-linked attacks and military clashes fueled fears over disruption in the crucial Strait of Hormuz shipping route.Brent crude, the international benchmark, closed at $114.44 a barrel, marking a rise of around 6% on the day, while US benchmark West Texas Intermediate…
NEW DELHI: The race for the Maharaja’s crown of thorns — Air India CEO’s position — has entered its final stage with the selection narrowing down to four names, including AI chief commercial officer Nipun Aggarwal, erstwhile Vistara CEO Vinod Kannan, who is now senior vice president at Singapore Airlines (SIA), and two expatriates.The airline’s…
NEW DELHI: India is poised to break into the top five markets globally for Nestlé over the next five years, driven by scale, favourable demographics and long-term growth drivers. Already among its fastest-growing markets globally, with over 14% growth last year, India receives “a strong global focus alongside sustained investments in R&D, manufacturing and brands”,…
US stock markets traded cautiously near record levels on Monday as rising oil prices and fresh tensions around the Strait of Hormuz kept investors on edge, AP reported.The S&P 500 slipped 0.1 per cent after touching an all-time high, while the Dow Jones Industrial Average fell 216 points, or 0.4 per cent, as of 9:35…
Bharat Heavy Electricals Ltd (BHEL) shares rallied nearly 7 per cent on Monday after the company reported a more than 2.5-fold jump in consolidated net profit for the March 2026 quarter, PTI reported.The stock climbed 6.97 per cent to close at Rs 376.95 on the BSE, after surging as much as 13.20 per cent intra-day…
NEW DELHI: Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts.The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five…
BENGALURU: With many employees seeing a moderate dip in net take-home salaries in their latest payslips, companies are issuing explainers to help them understand the impact of the new labour codes.The reduction is largely due to changes in salary composition. Employee provident fund (PF) contributions have increased, as they are now calculated as 12% of…
MUMBAI: The appointment of Rohit Jain as deputy governor at the Reserve Bank of India comes after the retirement of T Rabi Sankar and at a time when the central bank has to prepare banks for new risks, including cybersecurity.Jain, who was appointed executive director in Dec 2020, was until now in charge of supervisory…
Gold and silver began Monday’s session on a largely steady note on the Multi Commodity Exchange of India, as persistent inflation concerns continued to blur the outlook for US interest rates. At the same time, market participants kept a close watch on developments related to the ongoing US-Iran negotiations. In a post on Truth Social…
A company law appeals court on Monday rejected a challenge by mining billionaire Anil Agarwal’s Vedanta Ltd to the winning bid by Gautam Adani’s group for bankrupt real estate firm Jaiprakash Associates Ltd (JAL), whose assets include India’s only Formula One circuit. The National Company Law Appellate Tribunal (NCLAT) did not find merit in the…
