After hitting multiple record lows in past sessions, Rupee staged a comeback in early trading on Thursday, gaining 61 paise to trade at 96.25 against the US dollar. The rebound came as oil prices eased, a factor that had been dragging down the domestic currency in recent sessions.According to traders cited by Reuters, rupee was…
The world could soon get its first trillionaire!Elon Musk, already the richest person on the planet, is now inching closer to the unprecedented milestone as SpaceX gears up to go public. The initial public offering (IPO) is expected to be the biggest stock market debut in Wall Street history.Earlier on Wednesday, the rocket and satellite…
MUMBAI: For long, stock market and mutual fund industry analysts have been saying that Indian investors are maturing fast, moving away from trading in direct stocks and investing for the long term through the fund route. Now, a Sebi research paper, using granular data, has bolstered that notion. Using holdings data of households in depositories,…
MUMBAI: The war-led volatility in energy markets coupled with the risk of food inflation amid projections of below-normal monsoon rains this year could weigh on FMCG volume growth, Worldpanel by Numerator (formerly Kantar) said in its update on Wednesday. It estimated volume growth to drop to 3-4% if the situation doesn’t improve, as an unstable…
Oil prices edged higher on Thursday as continuous supply disruptions due to the Iran conflict raised concerns over tightening fuel reserves across the globe. Benchmark oil prices traded marginally higher, with WTI Crude rising 0.58% to $98.83 a barrel and Brent Crude gaining 0.44% to $105.5 a barrel.The recovery comes after a sharp decline on…
NEW DELHI: India’s digital transformation has pushed the country into a new era of cybersecurity risk, where traditional, manual defences may no longer be enough to counter increasingly sophisticated and automated cyberattacks, National Cyber Security Coordinator Navin Kumar Singh said on Tuesday. He stressed the need for artificial intelligence-powered security systems to protect critical infrastructure…
NEW DELHI: Amid the conflict in West Asia, output in India’s eight core infrastructure industries inched up to 1.7% in April from the upwardly revised 1.2% in March, latest official data released Wednesday showed. Notably, as many as four industries linked to energy sector and the fertiliser industry registered a decline in output during the…
NEW DELHI: Grasim Industries reported a nearly 28% increase in its consolidated net profit to Rs 3,802 crore for Q4FY26 driven by its building materials, financial services and cellulosic fibres businesses on Wednesday. It posted a consolidated net profit of Rs 2,973 crore for the Jan-March quarter a year ago. On a standalone basis, Grasim…
MUMBAI: Even as gold loans grew 50.4% in FY26 to emerge as the primary driver of retail credit, the home loan portfolio expanded only 9.4%, with growth largely led by higher ticket sizes, while credit card outstandings remained the slowest segment with flat year-on-year growth. According to a latest report by CRIF India, the March…
MUMBAI: Mobile phone financiers will face restrictions on “mobile lock” practices under RBI’s amended rules for loan recovery. Under the reworked draft regulation, lenders can restrict financed devices only under explicit contractual consent and after a 90-day default cycle with a staged 60-day and 7-day notice regime, while mandating that core functions such as incoming…
