Oil prices edged higher on Thursday as continuous supply disruptions due to the Iran conflict raised concerns over tightening fuel reserves across the globe. Benchmark oil prices traded marginally higher, with WTI Crude rising 0.58% to $98.83 a barrel and Brent Crude gaining 0.44% to $105.5 a barrel.The recovery comes after a sharp decline on…
NEW DELHI: Amid the conflict in West Asia, output in India’s eight core infrastructure industries inched up to 1.7% in April from the upwardly revised 1.2% in March, latest official data released Wednesday showed. Notably, as many as four industries linked to energy sector and the fertiliser industry registered a decline in output during the…
NEW DELHI: Grasim Industries reported a nearly 28% increase in its consolidated net profit to Rs 3,802 crore for Q4FY26 driven by its building materials, financial services and cellulosic fibres businesses on Wednesday. It posted a consolidated net profit of Rs 2,973 crore for the Jan-March quarter a year ago. On a standalone basis, Grasim…
MUMBAI: Mobile phone financiers will face restrictions on “mobile lock” practices under RBI’s amended rules for loan recovery. Under the reworked draft regulation, lenders can restrict financed devices only under explicit contractual consent and after a 90-day default cycle with a staged 60-day and 7-day notice regime, while mandating that core functions such as incoming…
China has signalled that it is willing to accept a certain level of US tariffs while pushing for an extension of the ongoing trade truce with Washington, a move that could indicate further stabilisation in ties between the world’s two largest economies, Bloomberg reported.According to a statement issued by China’s Commerce Ministry on Wednesday, Beijing…
Toffee became the talk of the town when Prime minister Narendra Modi gifted Melody toffees to Italian counterpart Giorgia Meloni during his Italy. The visit has brought fresh attention to India’s toffees sector with Commerce and Industry minister Piyush Goyal on Wednesday highlighting that the country’s toffee exports have climbed 166 per cent over the…
US stocks moved higher on Wednesday and edged toward their first gain in four sessions as easing pressure in the bond market and stronger-than-expected corporate earnings supported investor sentiment.The S&P 500 rose 0.3 per cent in early trade, moving closer to the record high reached last week. The Dow Jones Industrial Average slipped 62 points,…
Once called the sone ki chidiya, India clearly never got over its gold fever. For desis, gold is not just a metal, rather it is rainy-day savings, wedding-season flex, family legacy and emotional support, all rolled into one shiny yellow package. Somewhere between these wedding seasons, festival offers and “bas thoda aur le lete hain”,…
India’s eight core infrastructure sectors recorded a two-month high growth of 1.7 per cent in April, supported by higher output in steel, cement and electricity, according to government data released on Wednesday, PTI reported.The core sector had expanded by 1 per cent in April last year, while growth stood at 1.2 per cent in March…
Mumbai: Bajaj General Insurance has launched health insurance riders that enable buyers to widen the scope of their basic health plan. The `Age shield’ rider enables buyers of health insurance to ensure that the premium escalation with age will not happen unless there is a claim. The policy is aimed at addressing the complaint of…