The Supreme Court on Thursday questioned the Centre for repeatedly failing to file its affidavit in a plea seeking regulatory guidelines to curb “unpredictable fluctuations” in airfares and ancillary charges imposed by private airlines, PTI reported.A bench of Justices Vikram Nath and Sandeep Mehta asked the Union government to file an application along with an…
India’s total foreign direct investment (FDI) inflows are likely to cross $90 billion in 2025-26 after already surpassing $88 billion during April-February, a top government official said on Thursday.DPIIT Secretary Amardeep Singh Bhatia said the government had undertaken a series of policy measures to attract foreign investments into the country, PTI reported.He said that during…
Iran’s currency plunged to a record low in recent days against the US dollar as the ongoing US naval blockade of Iranian ports continues to strain the country’s economy.On the black market on Wednesday, the rial fell to around 1.80 million per dollar, according to currency-tracking websites Bonbast and AlanChand. At the start of the…
Mumbai: India’s central bank has dealt a blow to Tata Sons’ bid to avoid going public, rejecting an argument that could have allowed the Tata conglomerate’s holding company to surrender its financial licence and evade a mandatory stock exchange listing. In directions published on Wednesday, the Reserve Bank of India clarified that equity received from…
New Delhi: In good news for patients, Indian Patent Office has refused a patent on MNC firm AbbVie’s blockbuster immunology therapy Rinvoq, paving the way for affordable versions to enter the domestic market. In a recent hearing, the Delhi Patent Office held that the claimed invention was “obvious” and lacked inventive step, a violation of…
The United States of America, which is the largest producer of oil, holds the second largest strategic oil reserves, followed by Japan. (AI image) Did you know that China holds the largest strategic oil reserves in the world? Amid ongoing disruptions due to the US-Iran war and blockade of the Strait of Hormuz, this fact…
NEW DELHI: Rupee fell 32 paise to an all-time low of 95.20 against the US dollar in early trade on Thursday, pressured by rising global crude oil prices and a strengthening American currency.At the interbank foreign exchange market, the rupee opened at 95.01 and weakened further to touch a record low of 95.20, extending losses…
Looking ahead to the coming week, the region around the weekly low of 140,000 is anticipated to emerge as a pivotal support zone. (AI image) Gold and silver price prediction today: Gold and silver are exhibiting a slightly bearish bias, according to Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold…
Stock market crash today (AI image) Stock market crash today: Indian equity benchmarks, Nifty50 and BSE Sensex, plunged in morning trade on Thursday as global cues turned negative due to a host of factors. While Nifty50 went below 23,800, BSE Sensex plunged around 1,200 points. At 11:18 AM, Nifty50 was trading at 23,810.30, down 367…
New Delhi: The West Asia conflict and weak monsoon pose a downside risk to Indian’s economic growth and may put pressure on inflation, fiscal and external deficits, the finance ministry said in its monthly economic review released on Wednesday.It, however, added that while seeking to sustain economic growth, policy is expected to safeguard medium-term fiscal…
