The Strait of Hormuz, a critical global shipping route, is also emerging as a vulnerable corridor for undersea internet cables as tensions in West Asia escalate.The passage controls about a third of India’s westward internet traffic, and experts say this capacity cannot be easily rerouted because alternate routes have limited supply.The deteriorating security situation has…
MUMBAI: Consumption of soaps, shampoos, biscuits and other packaged goods took a hit in the Dec quarter with volume growth dropping to 2.6% compared to 6.2% in the year ago quarter as transition to a new goods and services tax (GST) regime from Sept 22 disrupted sales at neighbourhood kirana stores which still drive the…
Asian stocks mostly fell on Friday as the ongoing conflict in the Middle East continued to unsettle global markets, while oil prices remained elevated despite some efforts to ease supply concerns.After a difficult week on trading floors, investors are heading into the weekend uncertain about when the US-Israel war on Iran and Tehran’s attacks across…
Stock market today (AI image) Stock market today: After a relief rally on Thursday, Nifty50 and BSE Sensex opened in red on Friday on weak global cues amid escalating Middle East tensions. While Nifty50 went below 24,650, BSE Sensex was down over 500 points. At 9:18 AM, Nifty50 was trading at 24,610.90, down 155 points…
Analysts say the recent fluctuations in gold prices do little to undermine its role as a safe-haven asset. They argue the metal’s defensive appeal remains strong amid persistent concerns over inflation, geopolitical tensions and elevated global debt levels. According to State Street, gold continues to be underrepresented in investment portfolios. Allocations to gold-backed exchange-traded funds…
MUMBAI: Public sector banks (PSBs) have regained market share in key secured lending segments over the past year, even as private banks and non-banking finance companies (NBFCs) continue to dominate unsecured consumer credit, according to the Feb 2026 Experian Industry Insights report on lending trends.The most visible trend in the current credit cycle is the…
BENGALURU: For every Rs 100 raised by founders from India’s startup networks, only about Rs 4 goes to women, according to a new report by Kalaari Capital’s CXXO initiative, which argues that the funding gap reflects a structural market inefficiency rather than a shortage of women entrepreneurs.The Rs 100 figure represents aggregate funding across a…
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…
