Oil prices fell again on Wednesday, dropping for the second day in a row. This decline came as hopes for renewed talks between the US and Iran reduced worries about long-term supply issues. However, concerns about risks in the Strait of Hormuz still affect the market.Brent crude futures slipped 0.55% to $94.27 a barrel, after…
Stock market today (AI image) Stock market today: Sensex and Nifty50 rallied strongly in opening trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points. At 9:17 AM, Nifty50 was at around 24,223.45, up 381 points or 1.60%. BSE…
NEW DELHI: The increase in minimum wages in states such as Uttar Pradesh and Haryana may result in several workers getting out of the provident fund net as the current wage ceiling for mandatory contribution to Employees Provident Fund Organisation is Rs 15,000 a month.Amid labour protests, the UP govt has increased the minimum wage…
Mumbai: Gold loans have expanded fourfold since March 2022, and their share in the retail credit portfolio is now second only to housing loans at Rs 16.8 lakh crore. However, despite the growth the business is disproportionately concentrated in South India with three states accounting for over 50% of all gold loans.According to the Gold…
Bengaluru: Infosys has set its new AI strategy, “silicon to application,” in motion. The playbook aims to span the full AI ecosystem-from hardware to end-user applications-through targeted investments and partnerships across each layer.At the silicon layer, Infosys has partnered with Nvidia and Intel. “These partnerships matter most when clients need AI to run on their…
MUMBAI: Govt’s shift to drone-based land mapping has lifted rural credit flows, with sanctioned loan amounts rising 23% after residential plots were converted into verifiable collateral under the SVAMITVA scheme, according to an April 2026 working paper published by the economic advisory council to the Prime Minister.The move replaces informal land demarcation with legally recognised,…
The twin headwinds of rising oil prices, fuelled by West Asia’s ongoing conflict, and a below-normal monsoon forecast for 2026, are putting India’s consumption-driven growth story under pressure. While sectors hit by the conflict have raised prices to offset costlier raw materials and freight, a below-normal monsoon would squeeze farm incomes and hurt rural demand,…
NEW DELHI: The Indian economy is seen to be relatively better placed to face the impact of the West Asia crisis, two global agencies said on Tuesday.The International Monetary Fund’s (IMF) latest World Economic Outlook revised upwards India’s growth projection for the current fiscal year to 6.5%, against 6.2% estimated earlier, citing the strong momentum…
NEW DELHI: India’s crude imports from Russia surged in March, with purchases at nearly Rs 5.3 billion (about $6.2 billion) compared with Rs 1.4 billion ($1.6 billion) the previous month, amid the military conflict in West Asia and closure of the Strait of Hormuz.In its latest analysis of Russian fossil fuel exports and sanctions, Centre…
NEW DELHI: India’s pharmaceutical industry must focus on both generics and innovative products, as well as develop products specially tailored for the country’s patient needs. Domestic companies particularly smaller to mid-sized players can carve out a strong role in rare diseases and niche patient segments, where agility and specialised research can drive meaningful breakthroughs, pharma…