Category: Business

Oil prices relaxed on Tuesday after jumping past the $100-per-barrel mark a day earlier. The pullback came as fears of long-lasting supply disruptions eased slightly, with signs that the Middle East conflict could see some diplomatic movement. As of 0018 GMT, Brent crude futures were down $6.51, or 6.6%, to $92.45 a barrel, while US […]

Asian stocks inched higher on Tuesday as oil prices relaxed, coming down to around $90 per barrel from nearly $120. South Korea’s Kospi recovered from its heavy losses, surging more than 6%, while Tokyo’s Nikkei 225 also gained over 3% before easing slightly. The rally came as West Texas Intermediate (WTI) crude fell 6.54% to […]

MUMBAI: Reliance Retail has acquired beauty and wellness brand Pahadi Local along with other business assets from Pahadi Goodness, it said Monday. Founded in 2018, Pahadi Local produces Himalayan-inspired personal care products and works with women-led self-help groups in Ladakh and Himachal Pradesh. Reliance Retail said it will support the brand’s expansion using its wide […]

MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday urged the investing community to not panic in the current volatile geopolitical situation even as markets have been sliding and said that it is important not to get too worried at this moment since India’s economic fundamentals are strong.The top markets regulator admitted that global markets are […]

Benchmark equity indices Sensex and Nifty ended sharply lower on Monday, as surging crude oil prices and weak global cues triggered a broad-based sell-off amid escalating tensions in Middle East.The 30-share BSE Sensex plunged 1,352.74 points, or 1.71%, to settle at 77,566.16, marking its second straight day of decline. During the session, the index had […]

Oil prices surged to $120 a barrel before retreating to $102 Monday as Saudi Arabia was reported to be cutting output, adding to the supply squeeze due to disruption in the Strait of Hormuz.Finance ministers of developed G7 nations, who met Monday evening, deferred plans to tap their strategic reserves to cool down the global […]

NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as fertiliser. Those familiar with the discussions said the petroleum ministry could work out the arrangement as early as Tuesday, with a reduction in supply to […]

BENGALURU: Karnataka govt has suspended online sales of Mysore silk saris after surging orders outstripped supply of the GI-tagged weave made with pure mulberry silk, gold zari and silver threads. State-owned Karnataka Silk Industries Corporation will prioritise limited stocks for buyers visiting its exclusive outlets.Sericulture minister K Venkatesh made the announcement in the assembly on […]

NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical disruptions affecting fuel supplies, Ministry of Petroleum and Natural Gas announceed on Monday.The move comes amid constraints in LPG availability due to global supply pressures, […]

Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for […]