Investor wealth surged by Rs 15.80 lakh crore over two trading sessions as equities rebounded sharply amid a decline in crude oil prices and growing hopes of de-escalation in the West Asia conflict.Stock markets have been gaining for the past two days, with the BSE Sensex rising 2,577.06 points or 3.54 per cent. On Wednesday,…
The government on Wednesday extended the mandate for the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent, with a tolerance band of 2 percentage points on either side, for another five years ending March 31, 2031.The move continues the flexible inflation-targeting framework first introduced in 2016 and retained once earlier…
India and Chile on Wednesday reviewed the progress of negotiations for a proposed free trade agreement (FTA), with both sides discussing ways to accelerate talks and deepen bilateral economic engagement, reported PTI.The issue came up during a meeting between Commerce Secretary Rajesh Agrawal and Chile’s Vice-Minister of International Economic Relations Paula Estevez Weinstein in Yaounde,…
The Centre has appointed Kompella Venkata Ramana Murty as a whole-time member of the Securities and Exchange Board of India (Sebi) for a term of three years.His appointment completes the regulator’s full strength of four whole-time members, according to PTI. The other members currently serving on the Sebi board are Amarjeet Singh, Kamlesh Chandra Varshney…
US stock markets jumped on Wednesday while oil prices declined as hopes resurfaced for a possible pause in the war with Iran, lifting investor sentiment across global financial markets.The S&P 500 rose 1.1% in early trading after the United States delivered a proposal to Iran aimed at halting the conflict. The Dow Jones Industrial Average…
When it comes to India’s economic future, few are as optimistic — and as candid — as Himanshu Shah. For the North Carolina investor, the country’s greatest opportunity lies not in rhetoric, but in execution. Speaking at a panel during the Indiaspora Forum 2026 on the outskirts of Bengaluru on Monday, the founder of Raleigh-based…
Planning a bank visit this week? It’s worth double-checking the holiday schedule before you step out, as branch closures can vary from one region to another. In India, bank holidays are a mix of national and state-specific observances, which means branches may not follow a uniform opening schedule across the country. This week, banks in…
The Union Cabinet has approved a modified UDAN (Ude Desh ka Aam Nagrik) scheme worth Rs 28,840 crore aimed at strengthening regional air connectivity through new airport infrastructure, enhanced financial support for airlines and operational assistance for smaller aerodromes.Under the revamped programme, 100 new airports will be developed in challenge mode, with an estimated average…
Gold futures traded higher on Wednesday tracking firm global cues and sustained buying interest in commodity markets. The overall tone in bullion remained positive as investors positioned ahead of key macroeconomic signals and currency movements.On the Multi Commodity Exchange (MCX), gold contracts across near- and far-month expiries posted gains. The June contract was trading around…
The company had postponed maintenance work at its 20 million tonnes-per-year Vadinar refinery in Gujarat. (AI image) Russia’s Rosneft-backed Nayara Energy is planning to halt operations for around 35 days starting early April, a move that could temporarily take nearly 8% of India’s refining capacity offline and tighten domestic fuel availability, according to people familiar…
