Benchmark equity indices rebounded strongly on Monday, rising over 1 per cent each after three consecutive sessions of steep losses, as investors returned to blue-chip banking and domestic-focused stocks amid bargain buying.The 30-share BSE Sensex surged 938.93 points, or 1.26 per cent, to close at 75,502.85. During the session, it touched an intra-day high of…

NEW DELHI: Jindal Steel International is seeking clarity from German authorities, with the proposed deal to acquire Thyssenkrupp Steel facing delays over pension-related issues, persons aware of the matter said. The talks remain active and the deal has not been abandoned, though certain legal and operational matters are yet to be resolved. Pension liabilities remain…

Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…

In upcoming years, India’s transmission and distribution (T&D) sector is expected to see steady growth, lifted by investment of almost Rs 9 trillion or Rs 9 lakh crore through 2032. According to a report by Motilal Oswal Financial Services, the current investment cycle, which began in FY22-23, has already improved performance across the sector.It noted…

OPEC+ on Sunday announced a higher-than-expected increase in oil production quotas, days after US and Israeli strikes on Tehran triggered Iranian retaliation across the Middle East, according to AFP.The oil producers’ group, which includes Saudi Arabia, Russia and several Gulf states affected by the escalation, said it had “agreed on a production adjustment of 206…