MUMBAI: The minutes of the April meeting of the Monetary Policy Committee (MPC) reveal a panel that was deeply concerned about the downside risks to growth emanating from the West Asia conflict, even as it remained uniformly confident about the resilience of India’s macro fundamentals leading to the unanimous decision to hold rates.Governor Sanjay Malhotra…
A ruling by the Supreme Court of the United States on February 20 struck down the reciprocal tariffs introduced by Donald Trump. (AI image) India-US trade deal: The Indian delegation’s visit to America for trade deal talks has concluded and US Trade Representative Jamieson Greer has called New Delhi a ‘tough nut to crack’. The…
MUMBAI: Two years after one of India’s most storied business dynasties, Godrej Group, split, Godrej Industries Group (GIG) is targeting 15% annual growth over five years and preparing to list more businesses as incoming chairman Pirojsha Godrej charts its next phase.GIG, with sales of Rs 57,300 crore, also plans to expand a nascent pet care…
The sustained fall in domestic production has pushed up reliance on imports. (AI image) Highlighting import dependence, India’s crude oil output has declined for the eleventh year in a row in 2025–26. Natural gas production has also slipped for the second consecutive year. The decline in output was largely due to depletion in older fields…
The commerce department is working with agencies, including the Shipping Corporation of India (SCI), which was on the privatisation list until recently, to run special vessels to West Asia t o help exporters move their goods at cheaper rates.While freight to West Asia is in the region of $3,000-3,500 per 20-feet equivalent (TEU) and $4,500-6,000…
MUMBAI: The fragile nature of the West Asia peace talks took its toll on investor sentiment in the markets on Wednesday with a reversal of sensex’s three-session winning run, and the index closed 757 points lower at 78,516 points. Rising crude oil prices didn’t help, and the weakness of the rupee continued to weigh on…
The area around the weekly low of 149,000 is expected to act as a key support zone, underscoring its technical importance. (AI image) Gold and silver price prediction today: Gold and silver prices are showing sideways-to-bullish momentum, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the…
The ministry of petroleum and natural gas on Thursday dismissed reports of a possible hike in petrol and diesel prices, calling them “fake news” and aimed at creating unnecessary panic among citizens.In a post on X, the ministry said, “There are some news reports suggesting a price hike of petrol and diesel. It is hereby…
NEW DELHI & BENGALURU: Shares of HCLTech fell nearly 11% on BSE on Wednesday after the company issued a softer-than-expected outlook following a muted March quarter performance.Responding to concerns around a 2–3% annual deflation driven by AI, CEO C Vijayakumar said the company has largely offset the impact of deflation in its traditional services business,…
MUMBAI: More than half of young Indians, in the age group 24 to 34, who buy health insurance drop out within the first three years, exposing a structural weakness in policy retention.According to a Niva Bupa health insurance survey, 55% of policyholders in the age group who let policies lapse do so within three years…
