Saudi Arabia, Russia and five other OPEC+ countries on Sunday raised their oil production quota in an expected move aimed at projecting continuity after the United Arab Emirates’ surprise exit from the producers’ alliance, AFP reported.The seven producers will add “188,000 barrels per day” to their combined production quota for June, according to a statement…
Healthcare industry body NATHEALTH on Sunday welcomed the government’s National Building Construction Standards (NBCS) 2026, saying the new norms easing height restrictions for hospitals are expected to reduce infrastructure bottlenecks and improve access to healthcare, PTI reported.The industry body said the revised standards allow hospitals to build beyond earlier limits and permit Intensive Care Units…
FMCG major Nestle India has flagged volatility in input costs amid geopolitical uncertainties but said it will continue to pursue volume-led growth in the new fiscal, with focus on expanding consumption, improving penetration and driving efficiencies, PTI reported.Chairman and Managing Director Manish Tiwary said the maker of Maggi noodles, Nescafé and KitKat remains cautious as…
India’s leather and footwear industry is struggling with high input costs due to the ongoing Middle East crisis and is seeking import duty exemptions on essential raw materials, machinery and components. Industry representatives have taken up the issue with the commerce and industry ministry, warning that the disruption has sharply raised the cost of several…
Stock markets are heading into a crucial week, with investors likely to keep a close watch on state election results, crude oil prices and the ongoing Middle East conflict. Vote counting for assembly elections in West Bengal, Tamil Nadu, Kerala, Assam and Puducherry will begin on Monday, May 4, and analysts believe the results could…
. Pakistan’s struggling economy is likely to remain under sustained pressure, with double-digit inflation expected to persist if global oil prices continue to surge amid the ongoing Middle East crisis, according to a report by Dawn.Topline Securities Ltd, in its latest “Pakistan Strategy” report released Saturday, provided a grim assessment of the impact of rising…
Kotak Mahindra Bank is exploring Deutsche Bank’s retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and reduced provisions. MUMBAI:…
MUMBAI: The appointments committee of the cabinet has approved the appointment of Reserve Bank of India (RBI) executive director (ED) Rohit Jain as deputy governor (DG) of the banking regulator.The appointment is for a period of three years from the date of joining the post on or after May 3, 2026, the Department of Personnel…
NEW DELHI: The Centre has notified two crucial changes to foreign direct investment rules — the first relating to flows from neighbouring countries such as China and the second allowing up to 100% investment in insurance business — as it seeks to step up inflows amid a weak rupee.Starting May 1, companies with up to…
AI image used for representation purpose Indian equities ended the week on a volatile note, with the Sensex and Nifty witnessing sharp swings and closing lower as uncertainty around the US–Iran conflict kept investors on edge.The impact spilled beyond equities. The rupee slid to record lows near 95 against the US dollar, pressured by surging…
The government on Saturday soothed concerns over fuel availability across the country, assuring that it has taken measures to ensure an uninterrupted supply and has stepped up contingency arrangements across key sectors. This comes as the world’s energy pipeline continues to be disrupted due to the Middle East war, that began back on February 28.In…
The central government on Saturday announced 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing full foreign ownership in the sector. The move is expected to increase foreign participation in India’s insurance industry. Foreign investment in Indian insurance companies and intermediaries will now be allowed up to 100% of the paid-up…
