Investor sentiment received a boost after weekend talks between the United States and Iran. US Vice President JD Vance said the discussions had created a “good foundation for a successful final deal”. US stocks traded near record levels on Monday as easing oil prices and optimism over progress in US-Iran talks helped support investor sentiment,…
Mumbai: Health insurers have still some way to go in winning customer trust. Satisfaction of policyholders at the time of claims remains moderate at 82.8 on a 100-point scale, but a sharp rise in unexplained claim rejections and continued reliance on reimbursement routes are eroding consumer trust, according to Policybazaar’s “Is India Happy with Health…
The US Treasury Department on Monday issued a general licence allowing the production, delivery and sale of Iranian-origin crude oil, petroleum products and petrochemicals through August 21. The United States has authorised the production, delivery and sale of Iranian oil marking a significant sanctions relief measure as Washington and Tehran continue negotiations aimed at reaching…
According to the RBI’s monthly bulletin released on Monday, the central bank purchased $16.225 billion and sold $25.169 billion in the spot market during April, resulting in a net sale of $8.944 billion. The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking…
India is particularly focused on securing tariff terms that would place its exporters in a stronger position than competitors in the region. (AI image) India-US trade deal: With US Trade Representative Jamieson Greer travelling to India for talks, India is looking to score a competitive advantage over regional peers for the trade deal. The United…
How crude price crash could turn the tide for India’s state-owned oil giants Profitability at state-run oil marketing companies (OMCs) is expected to improve as declining crude oil prices boost fuel marketing margins, although rising debt levels and uncertainty over future fuel taxes could weigh on the sector’s longer-term earnings outlook, according to a JP…
Which are top 10 gainers and losers on NSE & BSE today? Benchmark equity indices bounced back on Monday, with the Sensex rising 291 points and the Nifty reclaiming the 24,100 mark, supported by falling crude oil prices, fresh foreign fund inflows and optimism surrounding diplomatic progress in US-Iran negotiations.The 30-share BSE Sensex gained 291.17…
The Index of Eight Core Industries (ICI), which tracks coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, grew 0.5% in May on a year-on-year basis. The eight sectors account for 40.27% of the weight of the Index of Industrial Production (IIP). India’s infrastructure sector growth slowed to 0.5% in May from…
India has imposed anti-dumping duties for five years on imports of a chemical used in the rubber and tyre industry from China, the European Union and the United States, following findings that the product was being shipped into the country at unfairly low prices, causing injury to domestic manufacturers.The move follows recommendations by the Directorate…
PFRDA Pension Sahayak’ platform brings together multiple pension service touchpoints into a single digital ecosystem and is designed to improve grievance handling, accessibility and accountability, In a move aimed at making pension services more accessible and citizen-friendly, pension sector regulator PFRDA has launched an AI-enabled grievance redressal platform that allows subscribers to lodge complaints through…
