Benchmark equity indices Sensex and Nifty ended lower on Tuesday as rising crude oil prices and continued foreign fund outflows weakened investor sentiment.The 30-share BSE Sensex fell 416.72 points, or 0.54 per cent, to settle at 76,886.91. During the session, it dropped as much as 562.57 points, or 0.72 per cent, to 76,741.06.The NSE Nifty […]
UAE to exit OPEC, OPEC+ from May 1; calls move strategic decision
In a major shake-up for global oil markets, the United Arab Emirates will withdraw from OPEC and OPEC+ with effect from May 1, AFP reported citing state media on Tuesday.“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile,” the official WAM news agency said, AFP quoted.UAE Energy Minister Suhail Mohamed […]
Govt ensured 100% supply of LPG, PNG & CNG; urges people to avoid panic buying
The Centre on Tuesday said it has ensured 100 per cent supply for domestic LPG consumers, Piped Natural Gas (PNG) users and Compressed Natural Gas (CNG) transport services despite the ongoing Middle East crisis, while urging people not to indulge in panic buying.Addressing an inter-ministerial briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in […]
RBI lays out the Saksham roadmap for cooperative banks
Mumbai: The Reserve Bank of India on Tuesday unveiled a nationwide capacity-building initiative for urban cooperative banks, as part of its continuing efforts to strengthen the sector’s resilience and governance standards.The programme, titled Mission SAKSHAM, has been conceived as a mission-mode, sector-wide training exercise aimed at upgrading skills across all levels of urban cooperative banks […]
Realty sector gets $1.6 bn institutional inflows in Jan-Mar; down 52% from previous quarter
Institutional investments in India’s real estate sector stood at $1.6 billion during January-March 2026, rising 26 per cent year-on-year but falling sharply 52 per cent from the previous quarter amid the Middle East conflict.Investments had totalled $1.27 billion in January-March 2025 and $3.35 billion in the October-December quarter of last year, according to Cushman & […]
Buying gold, car or shares over 2 lakh? PAN now mandatory for these transactions under new tax rules, check where Form 97 now applies
If you are planning to buy gold jewellery worth more than Rs 2 lakh or open a demat account without a PAN, the new income tax framework has an important update for you. From April 1, old Form 60 has been replaced by Form 97, but PAN remains compulsory for several high-value purchases and financial […]
Demand shock warning: How has US-Iran war impacted Indian economy so far? Why RBI is both cautious and confident
According to the RBI, cost pressures and uncertainty have taken a toll on new orders and output. (AI image) When it comes to the Indian economy, domestic resilience is often cited as its biggest strength. But how long can the Indian economy continue to hold well as external pressures in the form of supply disruptions […]
US stock markets today (April 28, 2026): Dow holds firm, Nasdaq weakens as AI doubts and oil spike shake tech
US markets opened on a mixed note Tuesday, with the Dow Jones holding modest gains while the Nasdaq retreated as pressure on technology shares offset strength in defensive names and select consumer stocks.By 9:59 am ET, the Dow Jones Industrial Average was up 57.59 points, or 0.12 per cent, at 49,225.38. The S&P 500 slipped […]
Heavy blow for oil exporting groups! UAE to exit OPEC, OPEC+ amid Strait of Hormuz disruptions: What it means
Collectively, OPEC nations account for roughly 36 per cent of global oil output. (AI image) In a significant move which may have implications for the world oil market, the United Arab Emirates (UAE) has announced that it will pull out of OPEC and OPEC+ alliances. The move comes amid the ongoing Middle East crisis which […]
IIP growth slips to 5-month low of 4.1% in March; manufacturing slows
India’s industrial production growth slowed to a five-month low of 4.1 per cent in March, weighed down by subdued manufacturing activity and near-flat expansion in the power sector amid the Middle East crisis, reported PTI.Factory output, measured by the Index of Industrial Production (IIP), had grown 3.9 per cent in March 2025, according to official […]