Business

Investor wealth surged by Rs 15.80 lakh crore over two trading sessions as equities rebounded sharply amid a decline in crude oil prices and growing hopes of de-escalation in the West Asia conflict.Stock markets have been gaining for the past two days, with the BSE Sensex rising 2,577.06 points or 3.54 per cent. On Wednesday,…

The government on Tuesday informed Parliament that the 8th Central Pay Commission (CPC) is examining revisions in pay scales, salaries, allowances and pension structures for central government employees, while consultations with stakeholders are currently under way.In a reply to an unstarred question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said the…

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…

India is facing one of its worst LPG crises in decades, as disruptions triggered by the ongoing Middle East conflict ripple through global energy supply chains and begin to impact domestic availability of Liquefied Petroleum Gas (LPG).With imports slowing, prices rising and distribution systems under strain, the government has moved to prioritise household supply, cutting…

India and Chile on Wednesday reviewed the progress of negotiations for a proposed free trade agreement (FTA), with both sides discussing ways to accelerate talks and deepen bilateral economic engagement, reported PTI.The issue came up during a meeting between Commerce Secretary Rajesh Agrawal and Chile’s Vice-Minister of International Economic Relations Paula Estevez Weinstein in Yaounde,…

The Centre has appointed Kompella Venkata Ramana Murty as a whole-time member of the Securities and Exchange Board of India (Sebi) for a term of three years.His appointment completes the regulator’s full strength of four whole-time members, according to PTI. The other members currently serving on the Sebi board are Amarjeet Singh, Kamlesh Chandra Varshney…

While the Food Safety and Standards Authority of India (FSSAI) has claimed in the Supreme Court that the framing of front-of-pack labelling (FOPL) regulations would take longer and sought more time, a look at several regulations framed by the authority in the last ten years shows that the average time taken to frame one or…

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…

India must accelerate efforts to channel large household gold holdings into financial instruments, former Union minister P P Choudhary and senior market participants said, warning that continued physical hoarding limits the metal’s broader economic contribution, PTI reported.Speaking at an Assocham event, Choudhary, a member of the Parliamentary Standing Commission on Finance, said deeper financialisation of…

March is inching closer to its end and many investors are concerned whether the stock market will remain closed on March 26 or March 27 on account of Ram Navmi. As per the Exchange’s official holiday calendar, Dalal Street is scheduled to remain closed on March 26 for the festival, offering participants an early pause…