Indian equity benchmarks continued their upward move for a third straight session on Wednesday, with the BSE Sensex adding nearly 3,000 points over the past three trading days, prompting debate on Dalal Street over whether the recent recovery marks a sustainable bottom or just a short-term bounce, according to an ET report.The NSE Nifty ended…
The United States has eased sanctions on Venezuela’s state-owned oil sector, allowing American companies to resume limited business with Petróleos de Venezuela S.A. (PDVSA), as the Donald Trump administration seeks to expand global oil supplies during the ongoing Iran conflict, AP reported.The US Treasury Department on Wednesday issued a broad licence permitting PDVSA to sell…
NEW DELHI: India is deploying additional warships in the Arabian Sea and the Gulf of Oman to ensure safe passage for its fuel and LPG carrying vessels as tensions escalate around the Strait of Hormuz, Bloomberg reported citing sources.The Indian Navy has positioned more than half a dozen warships, including logistics vessels, as a precautionary…
US equities edged lower in early trade on Wednesday as a fresh surge in crude oil prices reignited worries about inflation and dampened investor sentiment ahead of the Federal Reserve’s policy decision.The S&P 500 fell 0.3 per cent and was on course for its first decline this week. The Dow Jones Industrial Average dropped 180…
Fundamentally, remittances are cross-border money transfers to support families back home. (AI image) ‘Gulf se paisa aaya hai’ – it’s a common statement in several households across India whose family members work in the Middle East countries. But will this money keep flowing in as much as it does in the wake of the US-Iran…
The Union Cabinet on Wednesday approved the construction of a four-lane access-controlled National Highway-927 from Barabanki to Bahraich in Uttar Pradesh at an estimated cost of Rs 6,969.04 crore, aimed at improving connectivity across key economic and logistics centres in the state, according to an official statement.The Cabinet Committee on Economic Affairs (CCEA) cleared the…
Gold prices moved lower across major Indian cities on Wednesday as retail bullion rates tracked weakness in domestic futures amid cautious sentiment ahead of the US Federal Reserve’s monetary policy decision.On the Multi Commodity Exchange (MCX), gold for April delivery fell by Rs 256, or 0.16 per cent, to Rs 1,55,729 per 10 grams in…
The Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA), a Rs 33,660 crore central sector scheme to develop 100 investment-ready plug-and-play industrial parks across the country, in a move aimed at accelerating manufacturing growth and employment generation.The scheme will be implemented over a six-year period from FY 2026-27 to FY 2031-32, with industrial…
Aam Aadmi Party MP Raghav Chadha recently proposed a set of reforms aimed at easing financial pressures on ordinary citizens, highlighting tax, pension, and banking issues in a speech in Parliament. Chadha focused on three key reforms: optional joint filing of income tax returns for married couples, restoring full income tax exemption on disability pensions…
Jag Laadki at Mundra port NEW DELHI: The Indian-flagged crude oil tanker Jag Laadki arrived at Mundra port in Gujarat on Wednesday, becoming the third such vessel to reach India in as many days amid the ongoing conflict in the Middle East.Click here for live updatesThe tanker docked carrying approximately 80,886 metric tonnes of crude…