India imported an average 2.66 million barrels per day (bpd) of crude oil from Russia in June through June 19, up from 1.91 million bpd in May. India increased crude oil purchases from Russia and maintained near-record imports from the UAE in June as refiners moved to secure supplies while waiting for a full recovery…
Improving global risk appetite and a strong rally in equities helped nine of India’s 10 most valuable companies add a combined Rs 2.15 lakh crore in market valuation last week, with Bharti Airtel emerging as the biggest gainer.The benchmark BSE Sensex climbed 1,274.95 points, or 1.68%, during the week, PTI reported.“Indian equity markets extended their…
Speaking at an interaction with chartered accountants in Mumbai, Goyal said export growth has remained robust even as global trade faces multiple challenges. India’s merchandise exports have grown about 15% during April 1-June 14 despite ongoing global economic uncertainties and higher US tariffs, commerce and industry minister Piyush Goyal said on Sunday, signalling continued resilience…
Petrol, diesel rates may ease as cheaper crude arrives, says oil minister Union petroleum and natural gas minister Hardeep Singh Puri on Saturday indicated that petrol and diesel prices could be reduced if lower-priced crude oil purchased recently reaches Indian refiners, while asserting that domestic fuel prices have seen only a limited increase despite sharp…
3 Indian-flagged oil tankers cross Strait of Hormuz NEW DELHI: Three Indian-flagged crude oil tankers carrying more than 8.6 lakh metric tonnes of cargo and 94 Indian crew members successfully transited the Strait of Hormuz on Saturday and are now sailing towards India, Union ports, shipping and waterways minister Sarbananda Sonowal said.The development comes days…
NSE highlights key risks for India’s 2026 economy India’s macroeconomic outlook for 2026 will largely depend on monsoon performance, while the country’s equity investor base continues to expand beyond traditional markets and become younger and more diverse, the National Stock Exchange (NSE) said in its latest report.The exchange, however, highlighted that despite the rapid growth…
Milk prices could see another increase by July Milk prices, which were already raised by 2-3 per cent in May by major dairy companies, could see another increase by July or August if El Niño conditions and a deficient monsoon worsen fodder shortages and impact milk production, according to dairy industry executives.Industry players said poor…
India is among the world’s largest economies, with its GDP nearly doubling in the last 10 years. Yet, when it comes to the strength of its passport, it doesn’t rank even among the top 50. Neither does China for that matter. The United States of America – the world’s largest economy – also sits at…
Representational image, used only for representational purpose India’s high-speed rail ambitions received a new push as the Centre has approved seven bullet train corridors across the country, promising shorter travel times between major cities and stronger rail connectivity. The seven high speed rail corridors are: Mumbai to Ahmedabad will take 1 hour 57 minutes. Mumbai…
China’s domestic economy continues to face significant headwinds despite robust export growth, with consumer spending, property activity and credit demand remaining weak, according to a recent market strategy report by Jefferies.The report said there is “a continuing lack of any evidence of a pickup in domestic demand”, underscoring persistent challenges in the world’s second-largest economy…
Accenture outlook cut sparks fresh fears over IT recovery BENGALURU: Accenture’s decision to lower its FY26 revenue growth guidance has intensified concerns over the pace of recovery in the global technology spending environment. Brokerages warn that Indian IT services companies could face a prolonged period of weak demand stretching into FY27.The Dublin-based IT services giant…
Reliance succession plan on track, enters final leg MUMBAI: Mukesh Ambani, chairman of Reliance Industries, said the transfer of day-to-day management at the company is “almost complete”, signalling that the succession process at the energy-to-education conglomerate has entered its final stages. The 69-year-old told shareholders that his three children – Akash, Isha and Anant –…
