In a bid to cool rising oil prices amid the ongoing Middle East crisis the Trump administration has begun releasing crude from the Strategic Petroleum Reserve (SPR), lending 45.2 million barrels to energy companies in its first round. The volume released so far represents just over half of the 86 million barrels the administration had…
MUMBAI: As the West Asia war rages on, India’s middle class has begun bearing the brunt. From airfares to air-conditioners, home interiors, bottled water and even regular laundry services, companies across segments are starting to take price hikes to cope with inflating input costs on the back of of supply disruptions and soaring oil, derivatives…
MUMBAI: HDFC Bank has terminated three employees, including senior executives, after an internal probe into the alleged mis-selling of Credit Suisse AT-1 bonds to NRI clients at its UAE operations. The action follows regulatory scrutiny and investor complaints. Shares of the bank closed down 2.4%, continuing Thursday’s decline following the sudden resignation of the bank’s…
NEW DELHI : Weight-loss therapy costs are set to reduce substantially by up to 90%, with generic versions of injectable semaglutide are expected to hit pharmacy shelves from March 21. The move kicks off one of the most closely watched price wars in the high-stakes obesity and diabetes drug market.This is in the wake of…
BENGALURU: Walmart-owned e-commerce firm Flipkart on Thursday said its group chief financial officer Sriram Venkataraman is quitting the firm as the company prepares for its next phase of growth and a potential public listing.Venkataraman will remain with the company for a period to ensure continuity and a smooth handover, Flipkart said. During this transition, Ravi…
MUMBAI: Net selling by foreign funds in the stock market is on track to break the all-time monthly record as rupee this month has been weakening to record lows at regular intervals and rising crude oil prices are threatening India’s macro fundamentals as the war in West Asia is continuing without any sign of de-escalation.So…
Bank holiday today: Some parts of India are observing Ramzan-Id (Id-Ul-Fitr), Khutub-E-Ramzan, Sarhul today, on March 21, 2026. Hence banks in many parts of the country are closed this Saturday. March 21 is the third Saturday of the month and in normal course would not be a holiday, but festivals today mean that some states…
MUMBAI: The rupee fell to a record low of 93.71 on Friday, dropping 108 paise from its previous close of 92.63, marking its sharpest single-day decline in four years, as fears of oil prices staying above $100 for longer intensified with the West Asia conflict widening to attacks on energy infrastructure in the region.Forecasters are…
NEW DELHI: Feeling the pinch of a surge in global crude prices, oil marketing companies on Friday increased the retail price of 95-octane premium petrol by nearly Rs 2 a litre and jacked up the rates of industrial diesel by Rs 22 a litre.At the same time, IndianOil, the country’s largest fuel retailer vowed to…
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,…
