The government on Wednesday extended the mandate for the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent, with a tolerance band of 2 percentage points on either side, for another five years ending March 31, 2031.The move continues the flexible inflation-targeting framework first introduced in 2016 and retained once earlier…
US stock markets jumped on Wednesday while oil prices declined as hopes resurfaced for a possible pause in the war with Iran, lifting investor sentiment across global financial markets.The S&P 500 rose 1.1% in early trading after the United States delivered a proposal to Iran aimed at halting the conflict. The Dow Jones Industrial Average…
ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…
NEW DELHI: Maruti Suzuki on Tuesday approved investment of Rs 10,189 crore to add capacity of 2.5 lakh vehicles per year at its upcoming manufacturing facility in Gujarat, as the country’s largest carmaker looks to meet growing domestic demand including exports. Source link
Epic Games on Tuesday said it will lay off more than 1,000 employees as the video game publisher moves to cut costs amid industry-wide pressures and company-specific challenges, AP reported.The Cary, North Carolina-based company said the job reductions are not linked to artificial intelligence, but reflect slower growth in the gaming sector, weaker consumer spending…
The Centre has extended the validity of tariff rate quota (TRQ) licences issued for gold imports under the India-UAE free trade agreement, offering relief to importers facing supply disruptions amid the ongoing geopolitical crisis, reported PTI.India allows quota-based duty concessions on gold imports under the TRQ mechanism as part of the Comprehensive Economic Partnership Agreement…
MUMBAI: J.P. Morgan has appointed Rahul Badhwar as senior country officer for India, filling a key leadership gap after months without a dedicated head in one of its fastest-growing markets.Badhwar will start in July 2026, be based in Mumbai, and report to Sjoerd Leenart, CEO Asia Pacific. He will also join the Asia Pacific management…
The Centre plans to move a Cabinet note to reduce the proportion of broken rice distributed under the public distribution system (PDS) from 25% to 10% in a bid to ensure a steady supply of feedstock for ethanol production, Food Secretary Sanjeev Chopra said on Tuesday, as reported PTI.Addressing the All India Distillers’ Association (AIDA)…
US stocks slipped on Tuesday while oil prices resumed their climb, as continuing airstrikes on Iran and fresh missile attacks across the Middle East dampened the optimism that had lifted markets a day earlier.The S&P 500 fell 0.6%, giving back nearly half of its previous session’s gain. The Dow Jones Industrial Average dropped 363 points,…
MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the…