Geopolitical tensions and soaring crude prices are fuelling market volatility, weakening the rupee and driving foreign investors away from Indian stocks. MUMBAI: Rising geopolitical risks, elevated crude oil prices, a weakening rupee and unabated foreign fund selling have combined to force Dalal Street investors on the back foot. As a result, markets are bracing for…
MUMBAI: Anil Agarwal, the billionaire-entrepreneur with his origin in Patna in Bihar, is putting in place a plan that would see every Vedanta group company being managed by professionals, and not by any of his family members. The majority ownership of these companies, however, would remain with the group’s London-listed company in which the family…
IEA’s Birol does not expect energy markets to return to pre-war levels in 2027 With oil prices edging towards $120 a barrel and winter adding to concerns over fuel supplies, the global energy crisis could outlast the Iran war itself.International Energy Agency (IEA) executive director Fatih Birol has warned that energy markets are unlikely to…
At the upper end of this range, the IPO values Jio Platforms at approximately $108 billion. The allotment of Jio Platforms’ Rs 30,213-crore initial public offering (IPO) is expected to be finalised on Monday, following a record-breaking response from investors.Applicants can check their allotment status through the website of the issue’s registrar, KFin Technologies, or…
Vande Bharat Sleeper train NEW DELHI: Indian Railways is set to expand its premium overnight train network with two new Vande Bharat Sleeper services connecting Mumbai and Bengaluru, and Varanasi and New Delhi. The Bengaluru-Mumbai service is scheduled to be inaugurated on October 31, followed by the Varanasi-New Delhi service on November 1.The two services…
File photo: GSTAT rules GST on cancelled airline tickets refundable if the airline returns the fare and GST to passengers and has supporting documents. NEW DELHI: GST paid on cancelled airline tickets can be claimed as a refund if the airline has returned both the fare and GST to the passengers and has supporting documents…
Govt allows registration of flex-fuel vehicles running on 85% to 100% ethanol-blended petrol NEW DELHI: Government on Monday notified a change in Central Motor Vehicles Rules, allowing flex-fuel vehicles that can run on upto 100% ethanol blended petrol. This comes barely months before some of the car manufacturers are set to launch their E100 models.An…
NEW DELHI: Gold and silver are expected to face fresh headwinds this week as surging crude oil prices revive inflation concerns, while US Federal Reserve’s policy decision could determine whether bullion rates stabilise or extend their downward trend, analysts said.The precious metals, already battered by elevated bond yields and a stronger dollar, will look to…
Bank holiday on October 26 NEW DELHI: India’s festive calendar continues to bring a series of holidays in October, making it important for bank customers to check the schedule before heading to a branch. On Monday, October 26, banks will remain closed in selected states for Laxmi Puja, Accession Day and Maharishi Valmiki’s birthday.While bank…
Asian equities showed a broadly negative trend, with Taiwan, Shenzhen and South Korea among the sharper decliners. Taiwan’s index fell 846.34 points, or 1.81%, to 46,041.43, while Shenzhen declined 233.36 points, or 2%, to 11,440.466. South Korea’s KOSPI dropped 65.38 points, or 1.18%, to 5,484.92. Japan’s Nikkei lost 471.67 points, or 0.75%, to 62,221.49, while…
