In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s…
Ongoing turmoil in the Middle East has raised concerns about global economic growth. For India, however, the outlook appears optimistic, with SBI expecting a stable growth path through FY26 and FY27 despite a difficult global backdrop. The State Bank of India (SBI) Research report pegs real GDP growth at around 7.2% in the fourth quarter…
A day after Prime Minister Narendra Modi urged Indians to stop buying gold for a year in the national interest, GTRI backed the appeal, saying surging gold imports are straining India’s foreign exchange reserves and widening its trade imbalance. In its report, the think tank said, “GTRI has supported Prime Minister Narendra Modi’s appeal asking…
Centre has no plans to increase duties on gold and silver imports, according to a government source. This comes amid growing concerns related to import duties in the country after Prime Minister Narendra Modi urged people to avoid non-essential gold purchases over the next one year to protect forex reserves.On the trade front, US officials…
Union Minister Ashwini Vaishnaw on Monday reiterated PM Modi’s call to step down spending on imports and help the country save foreign exchange. This comes as the Middle East conflict is showing no signs of cooling down and its impact ripples through global economy.Speaking at the CII Annual Business Summit 2026 in New Delhi, minister…
Representative image Union minister for road transport and highways Nitin Gadkari on Monday inaugurated Multi Lane Free Flow Mundka-Bakkarwala toll plaza on Delhi’s Urban Extension Road-II (UER-II), bringing the capital’s latest transport corridor into India’s expanding barrier-less toll network. The move is aimed at boosting connectivity while easing travel for adjoining villages and surrounding habitations.The…
Jewellery segment shares fell sharply on Monday after Prime Minister Narendra Modi’s call to cut gold purchases. Share prices of Senco Gold and Kalyan Jewellerys tumbled over 8% while Titan was down over 6%.Speaking in a rally earlier on Sunday, PM Modi called citizens to help preserve foreign exchange reserves. His appeal included avoiding unnecessary…
Markets are expected to trade with caution this week as geopolitical tensions around the US–Iran situation and movements in crude oil prices continue to drive investor sentiment, analysts said. Traders will also keep a close watch on the rupee-dollar exchange rate and foreign fund flows, which are likely to add to market volatility, they added….
Oil prices surged sharply on Monday after tensions in the Middle East intensified and the strategically crucial Strait of Hormuz continues to stay shut, with disruptions now having crossed 70 days. Meanwhile, the Middle East conflict has continued to intensify as US President Donald Trump rejected Tehran’s response to Washington’s peace proposal and Iran issued…
Kotak Securities has an add rating on Punjab National Bank (PNB) with the target price at Rs 125, down from the earlier target of Rs 140. Analysts said that in the Jan-March quarter (Q4FY26), the lender had shown steady profitability overall with the return on equity (RoE) supported by low credit costs and decline in…
