Business

Rupee depreciated 6 paise to 96.42 against the US dollar in early trade on Tuesday pressured by heightened geopolitical tensions, a stronger US dollar and elevated crude oil prices.At the interbank foreign exchange market, the local currency opened at 96.41 and slipped to 96.42, compared with its previous close of 96.36 against the greenback, according…

Prime Minister Mark Carney on Tuesday said that US President Donald Trump‘s decision to impose fresh 50% tariffs on select Canadian goods is a “direct violation” of the Canada-United States-Mexico Agreement (CUSMA).He further said that the government would continue to support the country’s workers, businesses and families. His remarks came after Trump’s latest tariffs targeted…

The analysts said the decline in global oil inventories during the second quarter has made the market more vulnerable to supply disruptions. Are Brent crude oil prices set to cross $120 per barrel again? According to Goldman Sachs Group Brent crude prices could climb above $120 a barrel in the fourth quarter if disruptions in…

SBI Funds Management entered the stock market after attracting robust institutional demand. SBI Funds Management stock listing: Years of employee stock ownership at SBI Funds Management is poised to generate multi-crore wealth for several executives as the country’s largest asset management company enters the stock market. Based on the IPO issue price of Rs 574…

Gold price prediction today: Gold prices continue to be under pressure and downside risks remain, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link

MUMBAI: RBI deputy governor Swaminathan J has expressed concern that a significant number of customer grievances that are ultimately resolved in favour of the customer by RBI’s integrated ombudsman were never referred to the bank’s internal ombudsman in the first place.Highlighting this as a lapse on the part of bank, Swaminathan said that “This is…

NEW DELHI: : Govt on Monday told Parliament that there was no move at the moment to abolish long-term capital gains tax on equities for retail or domestic investors.“The tax policies, including capital gains tax rates, are revised periodically as part of the annual budgetary process and legislative revisions after taking into consideration the macroeconomic…

NEW DELHI: Accelerated monetisation of highway assets has enabled the NHAI to prepay loans of over Rs 1.2 lakh crore and repay another Rs 31,300 crore since March 2022, reducing its overall debt to just under Rs 2 lakh crore, according to govt data.NHAI’s debt had touched an all-time high of Rs 3.5 lakh crore…

NEW DELHI: India’s expanded core sector grew at the fastest pace in five months to touch 5% in June, compared with 1.1% a year ago, official data with a revised base year 2022-23, released on Monday, showed. The new series expands the core sector basket to nine industries by adding iron ore.The infrastructure industries showed…

MUMBAI: Indian markets closed lower on Monday as fluctuating crude prices and global risk-off cues weighed on sentiment, with the sensex falling 443 points or 0.6% to 77,709 and the Nifty declining 96 points or 0.4% to 24,239, while the rupee weakened to 96.45 against the dollar from 96.28.Banking stocks led the decline after mixed…