The spectacular rally in South Korea’s stock market suffered a sharp reversal on Monday, with the benchmark Kospi tumbling 7%. Rising tensions across the Middle East dragged the index 511 points down to 6,964.76 as rising geopolitical tensions in the Gulf rattled investors worldwide.The sell-off came after Iran claimed it had closed the strategically vital…
Gold, silver price today: Global bullion ended last week on a weak note with gold and silver posting losses International bullion prices ended lower, reflecting cautious investor sentiment. Spot gold declined by $17.57, or 0.43%, to close at $4,106.25 per ounce, while silver also remained under pressure, slipping nearly 1% to $59.54 per ounce. The…
Oil prices soared sharply on Monday as the Middle East was once again embroiled in chaos. Crude prices jumped 4% as fresh military action between Iran and the United States fuelled concerns over the security of the Strait of Hormuz, a key global energy route.As of 7:30 am, Brent crude was up 4.28% at $79.26…
MUMBAI: Foreign investors who rediscovered their appetite for Indian debt in June have now widened their interest to equities as well in July. After months of persistent selling, foreign portfolio investors (FPIs) have turned net buyers in July, investing $2.59 billion (Rs 24,662 crore) in the first 10 days of the month.The reversal, triggered by…
NEW DELHI: State-run oil marketing companies are considering expanding the use of lightweight 10-kg LPG cylinders beyond domestic consumers, with the cylinders likely to be sold at commercial LPG rates if approved.The move could benefit migrant workers, tenants, students, street vendors, cafes and food kiosks that need LPG but lack space for larger 19-kg commercial…
HDFC Bank and Bharti Airtel emerged as the biggest gainers among India’s top-10 most-valued firms NEW DELHI: Despite a weak week for benchmark indices, four of India’s 10 most-valued companies added nearly Rs 93,000 crore to their combined market capitalisation, led by strong gains in HDFC Bank and Bharti Airtel.The combined valuation of Reliance Industries,…
E20 sparks concerns among riders The Centre’s push for mandatory 20% ethanol-blended petrol, or E20, has triggered a political row, with Opposition leaders citing a 2021 NITI Aayog report to question the nationwide rollout. They argue that the Centre departed from the phased transition and safeguards proposed in the report before making E20 the standard…
Q1 earnings, inflation, Middle East tensions among key triggers driving the markets NEW DELHI: The upcoming week is expected to be driven by a mix of domestic and global triggers, with investors tracking the progress of the earnings season, inflation data, geopolitical developments in West Asia and movements in crude oil prices, analysts said.The June…
GTRI highlighted that tariff cut alone won’t raise exports unless certifications and logistic processes ease India’s free trade agreement with the UK may improve market access for exporters, but tariff cuts alone will not be enough to unlock its full export potential, according to the Global Trade Research Initiative (GTRI). The think tank stressed that…
EPFO has notified a one-time Amnesty Scheme, 2026, (Representative image) The Employees’ Provident Fund Organisation (EPFO) has notified a one-time Amnesty Scheme, 2026, allowing establishments operating exempted Provident Fund (PF) Trusts to regularise their status under the Employees’ Provident Fund and Miscellaneous Provisions (EPF & MP) Act, 1952.The scheme, which came into effect on June…