The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…
The report points out that India has consistently demonstrated notable strength during periods of global volatility. (AI image) Amid the ongoing Middle East conflict, a recent report by Moody’s Ratings says that recent global shocks have shown India’s resilience among emerging economies to withstand pressures. The report credits the resilience to timely policy measures and…
Indian companies are strengthening their presence in the United States, pouring billions in investment, job creation and growing participation across key sectors, senior officials said at the SelectUSA Investment Summit in Maryland. At the CII India Reception held at National Harbour on Monday (local time), Brandon Remington, US Deputy Undersecretary (Policy and International Trade Administration)…
“In the previous session, Nifty 50 witnessed a recovery during the day but failed to sustain at higher levels, facing resistance around the 24,300 zone. This indicates continued supply pressure at elevated levels and suggests that the recent upmove was more of a pullback rather than a confirmed breakout.From a technical perspective, Nifty 50 continues…
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association. Market participants noted that gold came under pressure in a relatively thin trading environment, as…
Gold price prediction today: Gold prices are expected to continue seeing volatility in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Bernstein has a market perform rating on Kotak Bank with the target price at Rs 500. Analysts said Kotak Bank closed FY26 on a strong note, with a beat across most operating metrics. The lender’s net interest margin expanded about 13 basis points (100 basis points = 1 percentage point) on the quarter (QoQ), the…
Rupee tumbled to a record low of 95.40 against US dollar in early trade on Tuesday, falling another 17 paise after already ending the previous session at its weakest-ever closing mark. Previously on Monday, the currency had declined sharply by 39 paise to close at 95.23 against the greenback.This comes as global uncertainty continues to…
Top stocks to buy or sell today (AI image) Stock market recommendations: While Lupin, and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, Bharat Forge, and Punjab National Bank are seen as sell calls for May 5, 2026:Lupin: Buy in the range between Rs 2349…
NEW DELHI: Government’s net direct tax collections grew 5.1% to over Rs 23.4 lakh crore in 2025-26, but missed the revised target set for the fiscal year that ended March 2026.In the revised estimates (RE) for the 2025-26 fiscal, govt lowered the direct tax collection target to Rs 24.2 lakh crore. The original budget estimate…