News that keep you updated
NEW DELHI: Automobile retail sales rose nearly 26% to 19.1 lakh units, reaching a record in Feb 2026, data released by the Federation of Automobile Dealers Associations (FADA) showed.FADA stated that five of the six major segments of vehicles, including two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and tractors, recorded their highest ever Feb sales, with…
Jefferies has a buy on L&T with a reduced target price of Rs 4,500 from Rs 4,715 earlier. Analysts said global engineering & construction companies with West Asia exposure, including L&T, are down between 10-24% since the Iran-US-Israel conflict began. 37% of L&T’s order book is from the region, with Saudi Arabia at a lion’s…
MUMBAI: The rupee recovered 55 paise to close at Rs 91.6 per dollar on Thursday from Wednesday’s close of Rs 92.15 after the RBI intervened through state-run banks in both the non-deliverable forward and spot markets to support the currency.The rupee opened around the 91 level and traded within an intraday range of Rs 91.40-Rs…
MUMBAI: Bank of Baroda raised Rs 10,000 crore through Series I long-term green infrastructure bonds, becoming the first bank in India to issue domestic green bonds.The seven-year bond was placed on the Electronic Book Provider platform of the National Stock Exchange of India with a Rs 5,000 crore base issue and a Rs 5,000 crore…
MUMBAI: The spectre of price hikes is looming for consumers as rising oil prices on the back of escalating West Asia conflict risks inflating input costs for companies which will eventually have to pass on the increase to shoppers across the country, straining household budgets. From lotions and detergents to ACs, washing machines and even…
NEW DELHI: State-run GAIL India Thursday said its supplies from Petronet LNG may be hit due to curtailments from QatarEnergy, even as the government is in talks with Australia and Canada to purchase gas.On Wednesday, Petronet had informed stock exchanges about the force majeure notice from QatarEnergy which was forced to stop production after a…
India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…
The average long-term US mortgage rate edged higher this week, ending a three-week decline as bond yields rose amid oil-price pressures linked to the war with Iran.The benchmark 30-year fixed mortgage rate increased to 6% from 5.98% last week, mortgage buyer Freddie Mac said on Thursday. A year ago, the average rate stood at 6.63%,…
Petroleum is the most immediate area of exposure. In 2025, India sourced roughly $70 billion crude oil and petroleum products from West Asia. (AI image) Beyond oil, the Middle East crisis has other implications for the Indian economy, especially if the US-Israel-Iran war continues for a long duration leading to major supply disruptions. In recent…
US stock markets fell on Thursday as investors turned cautious after the previous session’s rally, while rising oil prices and geopolitical tensions weighed on sentiment.The Dow Jones Industrial Average dropped 801 points, or 1.6 per cent, dragged down by losses in stocks such as Caterpillar and Goldman Sachs. The S&P 500 declined 0.9 per cent,…
