Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlighted that the government’s long-term energy planning is translating into tangible benefits for citizens, stating that the real test of policy lies in how seamlessly it supports daily life rather than in announcements alone.In a post on the social media platform X, the minister noted…
Recent geopolitical tensions and Trump tariffs on India highlight the need for India to step up focus on its energy security. (AI image) Oil is called black gold – and for a reason – it’s the fuel that drives economic growth and oil security is increasingly becoming crucial in a world fraught with geopolitical uncertainties…
MUMBAI: RBI governor Sanjay Malhotra said that the regulator plans to increase offsite surveillance of banks in real-time. Historically, RBI has been conducting onsite supervision of the records of banks largely through annual financial inspections and targeted inspections under a risk-based supervision framework focusing on core areas like capital adequacy, asset quality, management, earnings liquidity…
MUMBAI: Even as startups are increasingly rushing to Dalal Street, buoyed by a booming primary market, many of the large, listed companies are trading below their IPO offer price, raising concerns over the long-term value they can generate for investors.Stock prices of close to 10 startups including Swiggy, FirstCry, Paytm, Ola Electric and Delhivery are…
MUMBAI: The sensex slid for the fifth consecutive session on Friday as uncertainties about higher US tariffs on Indian exports continued to weigh on investor sentiment on Dalal Street. Selling by foreign funds also affected the sentiment , market players said.The sensex opened flat but soon lost ground, slid throughout the session to close at…
MUMBAI: The rupee weakened on Friday due to dollar demand from maturing offshore positions and corporate hedging. It closed at 90.16 per dollar, 14 paise down from its previous close. Falling equities added to the pressure. Elevated dollar demand weighed intraday, though sporadic dollar sales near the lows capped losses and kept sentiment cautious.“The rupee…
MUMBAI: Gross monthly inflows through systematic investment plans (SIPs) in mutual funds reached a new record high at Rs 31,002 crore in Dec, highlighting the growing importance of discipline in investing among retail investors in India.The month-on-month change in SIP flows was a substantial 5% jump in Dec, from Rs 29,529 crore in Nov, Amfi…
NEW DELHI: Offering a lifeline to struggling debt-laden Vodafone Idea, govt has capped annual payouts to clear past dues at Rs 124 crore over the next six years, easing near-term cash flows, the company said on Friday.Between March 2032 and March 2035, the yearly outgo will be trimmed to Rs 100 crore, Vodafone Idea said…
India’s foreign exchange reserves recorded their biggest weekly drop in 14 months as the central bank sold dollars to support a weakening rupee, analysts said.The holdings in the week ended Jan 2 fell by $9.9 billion to $552 billion. During the week, the rupee fell 0.4% against the dollar due to foreign fund outflows and…
US President Donald Trump held talks with senior oil executives on Friday (local time), pushing them to consider investments in Venezuela’s oil sector following the capture of President Nicolas Maduro. While Trump presented the country as newly secure and open for business, industry leaders responded cautiously, with one major executive saying Venezuela remains “uninvestable” without…
