India’s state-owned oil refiners have begun pulling back from spot purchases of Russian crude following a fresh wave of punitive tariffs imposed by U.S. President Donald Trump. The move marks a significant shift in India’s energy procurement strategy, as geopolitical tensions mount over continued trade ties with Moscow. According to sources with direct knowledge of…
New Delhi, Zinc prices on Wednesday rose by 15 paise to Rs 265.20 per kg in futures trade amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose by 15 paise, or 0.06 percent, to Rs 265.20 per kg in a business turnover of 3,118 lots. Zinc…
New Delhi, August 6, 2025 — The Reserve Bank of India (RBI) has retained its FY26 GDP growth forecast at 6.5% year-on-year, citing resilient domestic demand and easing inflationary pressures. However, global brokerage Morgan Stanley has issued a more cautious outlook, projecting India’s growth to moderate to 5.9% in the December 2025 quarter, citing weakening…
New Delhi, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 6.54 per cent rise in its consolidated net profit to Rs 3,310.60 crore in the June quarter of the current fiscal year on the back of increased income. The company had posted a net profit of Rs 3,107.23 crore in the…
New Delhi, August 5, 2025 — Bharti Airtel Ltd. has reported robust financial performance for the first quarter of FY26, with consolidated net profit surging 43% year-on-year to ₹5,948 crore, up from ₹4,160 crore in the same period last year. The telecom major’s consolidated revenue from operations rose 28.4% YoY to ₹49,463 crore, reflecting strong…
New Delhi, Copper futures prices on Monday rose 0.16 per cent to Rs 885.65 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 1.45, or 0.16 per cent, to Rs 885.65 per kg in a business turnover of 1,206 lots. Analysts attributed the rise in…
New Delhi, August 4, 2025 — In the wake of Managing Director and CEO Girish Kousgi’s resignation, PNB Housing Finance has announced two strategic senior appointments aimed at ensuring continuity and reinforcing its business verticals. Effective August 2, 2025, Jatul Anand has been appointed Executive Director (non-board member). He will oversee the Prime and Emerging…
India’s leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company’s operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593…
Mumbai, August 2: The State Bank of India (SBI) has called on the Reserve Bank of India (RBI) to implement a 25 basis points (bps) repo rate cut during the upcoming Monetary Policy Committee (MPC) meeting scheduled from August 5 to 7, citing persistently low inflation and sluggish credit growth as key reasons. In its…
New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the…
