Business

Oil prices were on track on Tuesday for their biggest quarterly decline since the early months of the Covid-19 pandemic in 2020, as investors closely monitored the possibility of fresh US-Iran talks amid growing uncertainty over a fragile ceasefire agreement.Brent crude futures for August delivery, which expire on Tuesday, rose 12 cents, or 0.16%, to…

​Nifty closed at 23,865.75, declining 80.50 points, while Sensex settled at 76,478.67, down 249.70 points Indian equity markets ended lower on Tuesday as selling pressure in information technology stocks weighed on benchmarks, while electric vehicle (EV) companies emerged as bright spots after the Delhi government announced a new EV policy aimed at boosting adoption of…

The Expenditure Finance Committee (EFC) under the Finance Ministry has cleared a proposal for a Rs 1.25 lakh crore outlay under India Semiconductor Mission (ISM) 2.0, marking a major step in the country’s efforts to strengthen domestic chip manufacturing and build a comprehensive semiconductor ecosystem, sources told PTI. The Expenditure Finance Committee (EFC) under the…

Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline since October 2008, as easing concerns over the Middle East conflict gave way to expectations of higher US interest rates to curb inflation. Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline…

India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional…

Reliance formally set Project Jupiter in motion by October. (file photo) Project Jupiter – that was the internal name of Reliance Industries’ project to push Jio Platforms Ltd towards its initial public offering – which is all set to be the biggest that the Indian stock market has seen.At Reliance Industries Ltd.’s annual general meeting…

The Centre has extended the deadline for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) by one month to July 31, 2026, after taxpayers and industry raised concerns over technical glitches caused by a surge in filings on the GSTAT portal. The Centre has extended the deadline for filing appeals before the…

The yen has been steadily depreciating as Japan gradually emerges from decades of economic stagnation. (Image source: Adobe Stock) The Japanese yen has weakened to its lowest level against the US dollar since 1986, a move that is likely to heighten concerns among policymakers and keep market participants alert for the possibility of official intervention…

The Strait of Hormuz is showing signs of coming back to life after a tense spell due to Iran’s recent attacks on ships passing through the strategic corridor. Once heavily choked following US-Israel joint strikes on Iran on February 28, the waterway is now slowly regaining its rhythm, with more operators edging crude carriers back…

Gold price prediction today: Gold prices are expected to continue being under pressure in the near-term as rate hike fears feed into a stronger dollar, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link