New gratuity rules: Over time, this may translate into a higher payout at the time of exit. (AI image) Gratuity has long been seen as a quiet but meaningful reward for years of service. It is not something employees think about every month, but at the time of leaving a job, it often becomes one…
Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market.Retail gold rates across major Indian cities also recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices.On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose…
The Middle East crisis has set off a global energy strain, with countries rushing to lock in fuel supplies to shield themselves from a potential blowout. Pakistan, however, is taking a risky route, choosing to skip urgent LNG purchases and betting that disruptions in the Strait of Hormuz will ease sooner rather than later, while…
State Bank of India (SBI) reported a 6% rise in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, lifted by improving asset quality and lower bad loans.The country’s largest lender had posted a net profit of Rs 18,643 crore in the January–March quarter of the 2024–25 financial year.Despite the…
A few billion-dollar bets on oil markets were placed just before major Iran-related announcements by US President Donald Trump and the timing is now raising eyebrows across global trading floors. According to traders, market experts and a Reuters analysis of exchange data, oil positions worth as much as $7 billion were placed across March and…
The United States Court of International Trade on May 7 delivered another setback to Donald Trump’s tariff strategy, striking down the 10% global duties imposed under Section 122 of the Trade Act of 1974. The 10% tariffs were imposed by the Trump administration after the US Supreme Court blocked the “Liberation Day tariffs”, which had…
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol stations, in grocery bills, and along global trade routes. The conflict, which has continued to intensify since February 28, has already pushed…
Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when prices had fallen on hopes of a diplomatic breakthrough between the two nations and the possible reopening of the Strait of Hormuz.West Texas Intermediate…
Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…
NEW DELHI: Petrol and diesel prices remained unchanged across major cities in India on Thursday, even as global crude oil prices continued to rise amid geopolitical uncertainty in West Asia.Government sources, however, have not ruled out a possible fuel price hike in the near future as oil marketing companies continue to face mounting losses due…
