Oil. Since Israel claimed to have blasted Iran, prices have skyrocketed globally, causing tensions in the Middle East. People are being hampered by this crude oil’s impact on food and gasoline prices. Energy traders, according to analysts, are anticipating Iran’s response. A fifth of the world’s oil passes through the Strait of Hormuz, making it…
Shares of One97 Communications, the parent company of payment solutions provider Paytm, fell 10% on the National Stock Exchange and hit an intraday low of Rs 864.40. Shares of Paytm fell 9.97% on the BSE and hit an intraday low of Rs 864.20. This sharp fall in Paytm shares came after the Finance Ministry dismissed…
New Delhi, June 11: Aluminium prices on Wednesday rose by Rs 1.85 to Rs 243.05 per kg in futures trade as speculators created fresh deals amid a positive trend in the spot market. Aluminium contracts for July delivery on the Multi Commodity Exchange rose by Rs 1.85, or 0.77 per cent, to Rs 243.05 per…
Mutual fund inflows declined for the fifth straight month as the number of actively managed mutual funds recorded a Rs 19,013-crore inflow during May, down by 22% as compared to the inflow of Rs 24,269.26 crore recorded in April, according to data released by the Association of Mutual Funds in India. Across the board, inflows…
New Delhi, June 7: Retail sales of passenger vehicles in May declined 3 percent compared to a year ago due to delays in purchases by customers in several states due to the India-Pakistan conflict and further subdued demand for entry-level models, dealers’ body FADA said on Friday. Passenger vehicle registrations stood at 3,02,214 units last…
Reserve Bank of India (RBI) Governor Sanjay Malhotra has reiterated concerns over cryptocurrencies, warning that their proliferation could hamper financial stability and pose challenges to monetary policy. Speaking at a press conference following the RBI Monetary Policy Committee (MPC) meeting, Malhotra emphasized that while a government committee is currently reviewing cryptocurrency regulations, the central bank…
Power Grid shares witnessed good investor interest today. The stock rose 2.3% to hit an intraday high of ₹295.25 per share. As of 3:00 pm, Power Grid shares were trading 2.0% higher at ₹294.5 per share. This surge in share price comes after the company announced the acquisition of MEL Power Transmission (MPTL), a project-specific…
India’s services sector maintained steady growth in May 2025, supported by strong demand and record hiring, according to the latest HSBC India Services PMI report. The Purchasing Managers’ Index (PMI) for services stood at 58.8, slightly up from 58.7 in April, marking 46 consecutive months of expansion. The 50-mark separates growth from contraction, and India’s…
With the US set to impose higher tariffs on steel and aluminum from June 4, industry and trade experts are urging India to broaden its ongoing bilateral trade agreement (BTA) discussions with Washington to include seeking relief from these levies. The call comes after the Trump administration, in March, reinstated a 25% sectoral duty on…
Shares of electric two-wheeler maker Ola Electric Mobility fell nearly 10% on Friday, May 30, a day before the company released its financial results for the fourth quarter of FY2024-25. The stock fell 9.72% to ₹48.06 on the National Stock Exchange (NSE). At 11:02 am, it was down 5.4% at ₹50.35 per unit. Ola Electric…
