Equity benchmark indices Sensex and Nifty ended lower on Tuesday after a late-session sell-off in heavyweight stocks such as HDFC Bank and Reliance Industries erased early gains, while concerns over the rupee touching a fresh record low weighed on investor sentiment.Elevated crude oil prices amid geopolitical uncertainties also kept markets under pressure, although strong buying…
The Reserve Bank of India (RBI) board is set to meet on May 22 to consider a potentially record surplus transfer to the government for FY27, with economists estimating the payout in the range of Rs 2.7 lakh crore to Rs 3 lakh crore, ET reported citing people familiar with the matter.The expected surplus transfer,…
India’s big piped natural gas (PNG) push seems to be running into a few roadblocks along the way. City gas distribution (CGD) companies are currently managing to add only 8,000-10,000 new connections a day, far short of petroleum and natural gas ministry’s ambitious target of 100,000 daily connections.Executives in the sector said the rollout is…
The US-Israeli war with Iran is beginning to hit companies across the world, with businesses already reporting losses of at least $25 billion due to rising oil prices, disrupted trade routes and higher operating costs.Company statements from firms in the United States, Europe and Asia showed that businesses across sectors are struggling with the fallout…
India has so far raised its petrol and diesel rates by around 4%, much less compared to the double digit hikes seen across major economies. (AI image) Petrol, diesel price hike: The rise of global crude oil prices to above $100 per barrel levels since the start of the US-Iran conflict has sent shockwaves across…
‘Bar on board meets applies only to SRTT’ The Maharashtra charity commissioner on Monday clarified that its order freezing board meetings applies only to Sir Ratan Tata Trust and not to other Tata trusts, providing significant relief to the Noel Tata-headed philanthropic group.The clarification paves the way for the remaining Trusts to resume normal functioning,…
The government on Tuesday dismissed rumours suggesting that it is planning to monetise gold held by temples and religious institutions across the country. The clarification came after several social media posts and media reports claimed that the Centre was preparing to issue gold bonds to temples in exchange for their gold reserves. Responding to the…
Separately, the group reached a settlement with the US Treasury Department over civil allegations linked to sanctions violations. Adani group stocks today: After the US Department of Justice withdrew all criminal allegations against billionaire Gautam Adani and his nephew Sagar Adani, shares of Adani group rallied on Tuesday. Stocks of several Adani Group firms, including…
Rupee continued its downward journey against the US dollar on Tuesday morning, falling 18 paise to 96.38 in early trade. This comes amid concerns around rising crude oil prices and ongoing Middle East tensions, that dragged down market sentiment.Since the Iran war began in late February, rupee has declined by more than 5%, trimming 2.2%…
AI representational image Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.Videocon exited the joint…
