Business

NEW DELHI: As geopolitical tensions escalate in the Middle East, India is exploring alternative energy sources to strengthen its energy security, with countries such as Australia and Canada offering additional gas supplies, according to official sources cited by PTI on Saturday.With ships and oil tankers avoiding the Strait of Hormuz in the Persian Gulf amid…

Global oil prices surged sharply this week as the war involving Iran intensified raising fears of prolonged disruptions to energy supplies from the Middle East.The spike in prices comes a week after the United States and Israel launched major attacks on Iran, escalating tensions into a wider regional conflict. The ongoing hostilities have disrupted key…

MUMBAI: Deteriorating geopolitical situation in West Asia and market conditions across the globe pulled sensex down by nearly 1,100 points on Friday. The index closed below the 79K mark for the first time since April 2025. Banks led the slide as foreign funds sold, dealers said.Sensex started the session on a weak note, down about…

BENGALURU: The IT sector’s biggest dealmakers have historically emerged from a predominantly male cohort. Even as women account for a significant share of the workforce across large IT services firms, far fewer have traditionally occupied roles that drive multi-million and billion-dollar deals, underscoring a long-standing gap between corporate representation and influence. Though still a small…

NEW DELHI: India has sufficient foreign exchange reserves, low current account deficit and inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security despite the country’s high dependency on imported crude oil, a finance ministry report said on Friday.But it cautioned that if…

NEW DELHI: Government will use “every policy tool and the export promotion mission” to support exporters in the ongoing crisis in West Asia, commerce and industry minister Piyush Goyal said on Friday. “We are in complete engagement with exporters. Every day, the inter-ministerial group talks to exporters and takes feedback. We will not be found…

The United States has given “permission” to India to buy Russian oil already stranded at sea issuing a temporary waiver aimed at stabilising global oil supplies amid disruptions caused by the escalating conflict in West Asia.US President Donald Trump’s aide Scott Bessent referred to India as a “very good actor” for previously complying with Washington’s…

MUMBAI: The rupee closed at 91.75 against the dollar on Friday, down 15 paise from the previous close of 91.6, after a largely range-bound session marked by pressure from higher crude oil prices and foreign fund outflows.Suspected intervention by the central bank too influenced market movements. Heavy selling in domestic equities and withdrawals by foreign…

Banking relief for UAE and Gulf amid Iran–US–Israel crisis: Emirates NBD Bank removes ATM cash withdrawal charges In a move aimed at easing financial access during a turbulent period in the Gulf, Emirates NBD has announced that it will temporarily waive ATM withdrawal fees at other banks’ machines across the UAE and the wider GCC….

MUMBAI: Reserve Bank of India has proposed a ceiling of Rs 50,000 for digital frauds to be eligible for compensation of up to Rs 25,000. According to the draft, customers who lose more than Rs 50,000 in a cyber fraud incident will not qualify for this compensation mechanism.Banks must credit the compensation to the victim…