MUMBAI: The rupee closed at 91.75 against the dollar on Friday, down 15 paise from the previous close of 91.6, after a largely range-bound session marked by pressure from higher crude oil prices and foreign fund outflows.Suspected intervention by the central bank too influenced market movements. Heavy selling in domestic equities and withdrawals by foreign […]
‘Indians been good actors’: Why US ‘agreed to let’ India resume buying Russian oil temporarily
The United States has given “permission” to India to buy Russian oil already stranded at sea issuing a temporary waiver aimed at stabilising global oil supplies amid disruptions caused by the escalating conflict in West Asia.US treasury secretary Scott Bessent praised India as a “very good actor” for previously complying with Washington’s request to halt […]
Emirates NBD bank waives fees for cash withdrawals from other ATMs across UAE, GCC as Iran and US–Israel war fears grow
Banking relief for UAE and Gulf amid Iran–US–Israel crisis: Emirates NBD Bank removes ATM cash withdrawal charges In a move aimed at easing financial access during a turbulent period in the Gulf, Emirates NBD has announced that it will temporarily waive ATM withdrawal fees at other banks’ machines across the UAE and the wider GCC. […]
Dubai’s luxury market breaks records: UAE emirate’s third most expensive apartment sale logs whopping Dh422 million despite US-Israel war on Iran
Dubai records Dh422m apartment sale, third highest ever amid regional tensions Dubai’s ultra-luxury property market has delivered another headline-grabbing milestone. Even as geopolitical tensions ripple across the Middle East, the emirate has recorded a Dh422 million apartment sale, the third-most expensive residential apartment transaction in its history, highlighting the remarkable resilience of Dubai’s high-end real […]
Middle East disruption: Govt to deploy all policy tools to help exporters manage shipping shocks, says Piyush Goyal
Commerce and industry minister Piyush Goyal on Friday said that the government will deploy all available policy tools and support mechanisms to help Indian exporters cope with disruptions arising from the ongoing West Asia conflict.Speaking to reporters on the sidelines of the IIFT vice chancellors’ conclave in New Delhi, Goyal said an inter-ministerial group has […]
US jobs report: Economy loses 92,000 jobs in February as unemployment ticks up to 4.4%
The US economy unexpectedly shed jobs in February, marking a sharp reversal from the previous month and raising fresh concerns about the strength of the labour market.Data released by the US Labor Department on Friday showed the world’s largest economy lost 92,000 jobs in February, compared with job growth of 126,000 in January, reported AFP.The […]
Domestic Cooking Gas Price Increase: LPG price hike: Domestic cylinders may rise by Rs 60, commercial cylinders by Rs 115 – report
NEW DELHI: The price of domestic cooking gas cylinders has been increased from Saturday (March 7), with the cost of a 14.2-kg LPG cylinder rising by Rs 60 across the country, according to sources cited by news agency ANI.With the latest revision, the price of a 14.2-kg domestic LPG cylinder in Delhi may increase from […]
Crude oil price surge: Brent crosses $90 as escalating Middle East war rattles energy markets
Global oil prices surged on Friday as the conflict in West Asia intensified, pushing benchmark crude above the $90 mark amid fears of further supply disruptions.The Brent North Sea crude, the international oil benchmark, rose more than 5% to $90.25 per barrel, its highest level since April 2024, AFP reported.The US benchmark West Texas Intermediate […]
Politico owner Axel Springer to buy UK’s Telegraph in £575 million deal pending regulatory approval
FILE -The Daily Telegraph newspaper with the front page of French President Emanuel Macron is seen at a supermarket in London, March 21, 2024. (AP Photo/Kin Cheung, File) German media conglomerate Axel Springer announced Friday that it was purchasing the UK’s Telegraph Media Group for £575 million, in a proposed deal subject to approval by […]
Digital fraud rules: RBI proposes faster complaint resolution, wider protection for banking customers
The Reserve Bank of India (RBI) has proposed changes to its framework on customer liability in digital banking frauds, aiming to widen protection for users and ensure quicker resolution of complaints related to unauthorised electronic transactions.The central bank on Friday issued draft amendment directions and invited comments from stakeholders and members of the public by […]