NEW DELHI: CII has released a 20-point plan to help shield Indian companies grappling with the impact of the West Asia crisis, including tax and duty rejig for energy inputs, customs waiver for LNG, and long-term capital gains tax exemption for primary market investment to boost foreign capital inflows.Drawing upon the Covid-era toolkit, the industry…
Why are bond yields rising?Bond yields are climbing due to a combination of rising crude oil prices and a weakening rupee, both of which add to inflationary pressures. India’s 10-year benchmark yield has risen to around 7% from 6.68% a month ago. Crude oil prices have surged to $115–$120 per barrel, and with India importing…
Rupee stood firm on Monday, gaining 33 paise to reach 92.85 against the US dollar in early trade. This follows intervention by the Reserve Bank of India, as the bank stepped in to support the currency. The RBI tightened norms to curb speculative positions and capped banks’ net open positions at $100 million, even as…
Stock market began the week in red as tensions in the Middle East continue to intensify and benchmark indices tumble over 0.2%. While NSE Nifty50 opened below 22,800, BSE Sensex tumbled over 300 points. Around 9:25 am Nifty50 traded at 22,666.90, down 46 points or 0.2%. The 30 share pack Sensex also slipped 197 points…
NEW DELHI: Moody’s Ratings has slashed India’s economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks.In its credit opinion report on India, Moody’s said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term…
Asian equities traded in green on Monday, as investors remained cautious with the Middle East war entering its sixth week and tensions continuing to rise. While Japan’s Nikkei and South Korean Kospi jumped in green, Australia, Hong Kong and Shanghai remained shut.Nikkei jumped, 1.65% to 54,001.64, up 878 points. Kospi also maintained the momentum, rising…
Oil prices began the week on a strong note, maintaining above the $100 per barrel mark on Monday, as the ongoing Middle East conflict continues to disrupt energy supply routes and unsettle global markets.In early trade, US benchmark West Texas Intermediate (WTI) climbed 1.86% to $113.62 per barrel. North Sea Brent crude also edged higher,…
NEW DELHI: Market regulator Sebi has held discussions with industry on steps that may be required to help them tide over the current crisis, even as RBI prepares to announce measures later this week to deal with the impact of the West Asia conflict.Sebi met industry bodies last week, where some steps have been proposed…
As many as 38 companies, including SBI Funds Management and Manipal Health Enterprises, filed preliminary IPO papers with Sebi in March, signalling improving issuer sentiment even as regulatory timelines contributed to the surge. This marks a sharp jump from 22 filings in March 2025 and 16 in March 2024, data from Sebi showed, indicating a…
OPEC+ on Sunday agreed to increase oil production quotas for the second consecutive month, while cautioning that damage to energy infrastructure amid ongoing conflicts could disrupt global supplies for an extended period, AFP reported.The oil cartel decided to raise output quotas by 206,000 barrels per day (bpd) from May, with key producers including Russia, Saudi…