India’s foreign exchange reserves surged $4.885 billion to an all-time high of $728.494 billion during the week ended February 27, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the country’s reserves had declined by $2.119 billion to $723.608 billion, PTI reported. The earlier record high stood…
Commerce and industry minister Piyush Goyal on Friday said that the government will deploy all available policy tools and support mechanisms to help Indian exporters cope with disruptions arising from the ongoing West Asia conflict.Speaking to reporters on the sidelines of the IIFT vice chancellors’ conclave in New Delhi, Goyal said an inter-ministerial group has…
The head of the International Energy Agency (IEA) has cautioned Europe against returning to Russian gas supplies, warning that doing so would be both economically and politically misguided despite the current turmoil in global energy markets, according to a Reuters report.IEA Executive Director Fatih Birol said the ongoing Middle East crisis has prompted fresh debate…
Gold prices traded largely steady in futures markets on Friday, while retail bullion rates across major Indian cities remained almost unchanged with marginal declines.As of 15:02 pm, gold futures on the Multi Commodity Exchange (MCX) showed limited movement across key contracts. The April 2026 contract was trading at Rs 1,60,008 per 10 grams, up Rs…
China now has more billionaires than any other country, according to the latest Hurun Global Rich List, released Thursday by the Shanghai-based Hurun Group. The country is home to 1,110 billionaires out of 4,020 globally, overtaking the United States. China added 287 new billionaires since last year, more than recovering losses from the past three…
The US waiver allowing additional purchases of Russian crude over baseload offers short-term relief. (AI image) US-Israel-Iran war impact on India: The Donald Trump administration’s move ‘granting’ waiver to purchase Russian crude in lieu of the de facto closure of the Strait of Hormuz has important implications for India’s energy security. Around 90% of India’s…
US President Donald Trump said Thursday he was not worried about rising gasoline prices linked to the widening conflict with Iran, adding that the military campaign was a bigger priority.“I don’t have any concern about it,” Trump told Reuters in an interview when asked about higher prices at the pump. “They’ll drop very rapidly when…
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…
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…