Category: Business

Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative […]

Mumbai: The initial public offer for NSE, the largest stock exchange in India by trading turnover and revenue, got a boost on Monday as the required number of the bourse’s shareholders agreed to part with their holdings for the offer for sale (OFS) to move forward.Monday was the last day for NSE’s existing shareholders to […]

Bengaluru: A logo of the IT major, Bengaluru-headquartered firm, Infosys, in Bengaluru, Karnataka. Mumbai: IT giant Infosys slipped out of the 10 most valued firms in India on Monday. On the other hand, TCS, which was the second most valued company in the country till a few years ago, is now the sixth-most valued company.All […]

“Indian equity markets are expected to open on a positive note, tracking firm cues from GIFT Nifty, which is currently trading around 24,140, up by nearly 185 points, indicating a gap-up start for domestic benchmark indices. Notably, GIFT Nifty is trading with gains despite escalating global tensions and stalled US–Iran negotiations, which continue to weigh […]

Gold prices recently moved from the upper band toward the mid-band (20 DMA), and are now attempting to stabilize. (AI image) Gold price prediction today: Gold prices will closely track movements on the rate decisions by several central banks, including the US Federal Reserve, this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal […]

South Korea’s stock markets scaled a historic peak on Monday, as the total valuation of listed companies moved past the 6,000 trillion won ($4.1 trillion) mark for the first time during trading hours. According to figures cited by The Korea Herald, based on data from the Korea Exchange, the combined market capitalisation of domestic bourses […]

India-New Zealand FTA: The India-New Zealand trade deal or Free Trade Agreement signed on Monday has been called a ‘once-in-a-generation’ trade pact. For one, it gives Indian exporters duty-free or zero duty access to all exports. The implementation of the trade deal is now contingent on New Zealand Parliament’s approval, and in the case of […]

New Delhi: Amid the push for more Vande Bharat and Amrit Bharat trains, the railways has begun work on improving the currently operational Shatabdi Express and Jan Shatabdi Express trains. It has drawn up a plan to enhance comfort, aesthetics, and onboard service quality on these premium trains under a nationwide campaign.In a communication to […]

Ongoing crisis in the Middle East has strained global energy supplies, but availability within the country continues to remain steady, the government has assured. Addressing a ministerial briefing, Aparna Sharma, additional secretary in the department of fertilizers, said, “The fertiliser availability remains robust, and the supplies continue to exceed the requirement. The department of fertilizers […]

India is lining up major fertiliser imports ahead of the upcoming kharif season as global prices have almost doubled due the ongoing Middle East crisis, pushing import bill higher. The government on Monday said that it plans to import 64 lakh tonnes of urea and 19 lakh tonnes of other fertilisers, even as domestic availability […]