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Rupee falls 7 paise to 95.40 against US dollar amid FII selling, geopolitical risks
Rupee began the session in red, falling 7 paise against the greenback Rupee came under pressure in early trade on Thursday, slipping 7 paise to 95.40 against the US dollar amid elevated crude oil prices and geopolitical uncertainty. The currency opened at 95.40 at the interbank foreign exchange market, after closing the previous session at…
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India looking to expand strategic petroleum reserves with new facilities in MP, Rajasthan
India is bolstering its energy security by planning strategic reserves of crude oil (representative image) NEW DELHI: India is looking to expand its strategic petroleum reserves with new facilities at Bina in Madhya Pradesh and Bikaner in Rajasthan, besides adding storage capacity at Mangalore, to strengthen the country’s energy security against supply disruptions.According to a…
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Parliament panel questions why rising capex in oil & gas sector is not leading to higher production
NEW DELHI: A parliamentary committee has questioned whether rising capital expenditure in India’s oil and gas sector is translating into higher domestic production, noting that crude oil output has continued to decline despite a sharp increase in investments.It has asked the petroleum ministry to submit a detailed report explaining how recent exploration reforms and newly…
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Top stocks to buy today: Stock recommendations for August 13, 2026
Top stocks to buy on August 13, 2026 Top stock market recommendations: Indian Bank, DLF, and Polycab India – Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management has picked these three as the top stocks to buy on August 13, 2026. The analyst has also shared his technical views on…
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Amid shifting power & scrutiny, Chandrasekaran enters the final stretch
Chandra’s decade at Tata Sons now reaches its finish line, marked by growth, costly bets and changing dynamics of power MUMBAI: Less than a week before Tata Sons’ Aug 18 AGM, the penny dropped for N Chandrasekaran. His extension as chairman was uncertain. For the first time, Chandra lacked a powerful patron just as his…
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New chief needs to deal with 3 major cash losers
These are also segments where Chandra’s track record came under scrutiny. NEW DELHI/ MUMBAI: The new Tata Sons chairman has to deal with three major cash losers – Air India, semiconductor and electronics manufacturing and Tata Digital – with govt treating the salt-to-airline conglomerate as a strategic partner in some of these sectors.With military aircraft…
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Who next? Tata Steel MD Narendran’s name does the rounds after Chandrasekaran steps down
Among the names in circulation for the top job is TV Narendran (right), 61, managing director of Tata Steel MUMBAI: For the past few decades, change of guard at Bombay House has often been accompanied by a large dose of drama.N Chandrasekaran’s sudden announcement has added to the uncertainty of the past few months, when…
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Food prices push up retail inflation to 4.45% in July
Price pressures remain stronger in rural India (4.8%), up from 4.7% in June NEW DELHI: Retail inflation inched up to 4.45% in July on expensive kitchen staples, including onion and ginger, even as price rise remained above the Reserve Bank’s median target for the second consecutive month, according to govt data.The consumer price index (CPI)-based…
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New RBI rules may end loan spread tinkering; to standardise rate setting across banks, NBFCs
The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…
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4G phones get a lifeline as entry-level 5G prices rise
As entry-level 5G smartphones became more expensive, several brands reintroduced or extended 4G models to retain buyers at the lower end NEW DELHI: India’s cheapest smartphones are disappearing fast. Rising component costs have made sub-$100 (around Rs 9,000) devices increasingly unviable for manufacturers, while giving older 4G technology an unexpected lifeline as brands look for…