After a brief spell of calm, global oil markets are once again facing chaos. Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was “over.” At the same time, fresh US military strikes…
Tata Sons Chairman N Chandrasekaran MUMBAI: Tata Group has set a target of $100 billion in automotive revenue by FY2031, chairman N Chandrasekaran said Wednesday, laying out an ambitious growth path for the conglomerate’s largest business vertical.The automotive portfolio spans Tata’s two listed vehicle makers-commercial and passenger-alongside its privately-held components unit.Jaguar Land Rover, the group’s…
MUMBAI: Banks are increasingly issuing multiple credit cards to existing customers rather than onboarding new borrowers, a shift that has resulted in just 5.2 crore unique cardholders against 10.7 crore cards in circulation as of March 2026.According to the report ‘Beyond the Swipe’ by TransUnion Cibil, the Indian credit card market has shifted fundamentally over…
India’s growth is supported by strong momentum in private consumption and services activity. (AI image) The International Monetary Fund (IMF) on Wednesday marginally lowered the growth projections for India to 6.4% from 6.5% earlier as part of its World Economic Outlook update for the current year. However, it raised the GDP growth projections for the…
In India, silver is used across a wide range of segments, including jewellery, coins, bars and industrial applications. (AI image) India’s curbs on silver imports have triggered supply shortages in the country’s domestic market, driving premiums to their highest level in six months even as demand remains weaker than usual.As India relies on imports to…
NEW DELHI: Giving a push to its ambitious coal and lignite gasification programme, govt Wednesday floated a request for proposal (RFP) inviting companies to set up projects under its Rs 37,500-crore incentive scheme.Launched in May, the scheme aims to support the gasification of 75 million tonnes (MT) of coal and lignite by 2030 to produce…
US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire ‘over Global stock markets fell and oil prices surged on Wednesday after US President Donald Trump cast doubt on the temporary truce in the Iran conflict, raising fears that renewed fighting could disrupt global energy supplies.Wall Street opened lower after Trump…
While India’s crude oil situation is relatively well diversified, it is LPG and LNG imports that will need to be watched. (AI image) Crude oil prices are soaring again, back above the $80 per barrel level as fresh tensions between US and Iran makes shipping through the Strait of Hormuz fraught with risks. Vessel movements…
According to Surjit Bhalla, the significance of an India-US trade agreement extends well beyond the issue of trade balances. (AI image) The comprehensive India-US trade deal can reshape India’s economic growth path, economist and author Surjit Bhalla has said. According to him, the significance of an India-US trade agreement extends well beyond the issue of…
Bot calls, AI chat generated Rs 5520 cr loans in FY26: Sanjiv Bajaj MUMBAI: An avalanche of automated calls, often dismissed as an irritant, is being recast as a powerful lending engine at Bajaj Finance. In his letter to shareholders, Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, has laid out how conversational data…