Investors holding Sovereign Gold Bonds (SGBs) issued between 2019 and 2021 can apply for premature redemption in June 2026, with the Reserve Bank of India (RBI) opening redemption windows for five bond tranches during the month.Investors planning to exit before the eight-year maturity period must submit their requests within the specified timelines through banks, post…
The rupee snapped its previous session’s rally and fell 34 paise to close at 95.19 against the US dollar on Monday, weighed down by renewed geopolitical tensions involving the US and Iran, a sharp rise in crude oil prices and a stronger greenback, PTI reported.The domestic currency opened at 94.93 in the interbank foreign exchange…
Mumbai: Brajesh Kumar Singh has assumed charge as managing director and chief executive officer of Canara Bank after a Govt notification dated May 30, 2026, with his tenure set until Apr 30, 2029, or until further orders, whichever is earlier.The appointment follows the recommendation of the Financial Services Institutions Bureau and approval by the Appointment…
The Centre achieved its fiscal deficit target of 4.4 per cent of GDP for 2025-26, according to provisional data released by the Controller General of Accounts (CGA) on Monday, marking an improvement from the previous financial year’s deficit level, PTI reported.The fiscal deficit for FY26 was estimated at Rs 15,68,936 crore in the Budget and…
India and the UK are set to discuss Britain’s steel safeguard measures and proposed Carbon Border Adjustment Mechanism (CBAM) this week, with the two issues emerging as key hurdles in the implementation of the bilateral free trade agreement signed last year, PTI reported citing sources.The issues are expected to figure prominently during the visit of…
The government has issued a second global tender to import 70 lakh tonne of urea for the kharif season, despite a sharp rise in international prices, as it moves to ensure adequate fertiliser supplies amid disruptions linked to the Middle East crisis, PTI reported.The global price of urea has jumped from $447 per tonne in…
India’s digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed.During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month’s figures…
Middle East chaos has kept the crucial Strait of Hormuz squeezed for over three months now, disrupting one of the world’s busiest energy corridors, sending ripples across nations. But amid the chaos, India may have quietly found a Plan B — Oman.India’s free trade agreement with Oman, which comes into effect on June 1, could…
America is digging deeper into its emergency oil reserves as the fallout from the war with Iran continues to squeeze global energy supplies. Since the conflict began, the US Strategic Petroleum Reserve has lost about 50 million barrels, as the Trump administration seeks to offset supply shortages and ease pressure from rising fuel prices. These…
Indian oil refiners are modifying operations to handle a wider range of complex crude grades. (AI image) The Middle East conflict has complicated the refining calculations for Indian refiners – not just in terms of the amount of crude oil that is available, but also for the kind of crude that is available. Indian oil…