Rupee began its last trading session of the week in red, falling 45 paise against the US dollar to 94.67 in early trade as rising crude oil prices and fresh tensions around the Strait of Hormuz dragged down market sentiment. Opening at 94.58 in the interbank foreign exchange market, the domestic currency slipped further as…
New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has achieved 42% completion following resumption of work after force majeure condition was lifted in Nov 2025.Located in Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, an investment of around $20 billion is estimated for the…
Telecom regulator Trai on Thursday proposed a stronger consumer grievance redressal framework for telecom operators, including penalties of up to Rs 50 lakh per quarter for improper handling or disposal of customer complaints, PTI reported.The proposed Telecom Consumers Complaint Redressal (Fourth Amendment) Regulation, 2026 aims to make complaint registration and tracking more transparent and accessible…
India’s diaspora is the largest at around 19 million, with significant numbers of international immigrants living in UAE, US and Saudi Arabia. With this backing, India continued its march as the top country receiving remittances, but 2024 was spectacular with inflows of $137 billion.The country also emerges as one of the biggest source countries for…
Markets regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect saying the system had become redundant due to stronger cyber security, disaster recovery and business continuity mechanisms in the securities market, PTI reported.The IRRA platform, launched on October 1, 2023, was introduced to provide brokers with…
Between October 2025 to March 2026, RBI has brought home 104.2 metric tonnes of gold. (AI image) Your grandparents and parents may have often told you to buy gold to tide over any financial crisis – but, guess what? Central banks around the world are doing exactly that! India ranks among the top 10 countries…
The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year, aiming to bring greater consistency and comparability in measuring economic performance across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the move follows the revision of the…
US stock markets hovered near record highs on Thursday as oil prices extended losses amid rising optimism over a possible agreement between the United States and Iran that could reopen the Strait of Hormuz and restore crude shipments from the Persian Gulf, AP reported.The S&P 500 added 0.1 per cent, extending gains after hitting an…
Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…
Commerce and Industry Minister Piyush Goyal on Thursday chaired a meeting to prepare a roadmap for securing Sanitary and Phytosanitary (SPS) approvals for Indian agricultural and fisheries products in global markets, aimed at boosting exports and improving incomes of farmers and fisherfolk, ANI reported.Sharing details of the meeting on X, Goyal said he “chaired a…