Last week, the combined market capitalisation of nine of the top 10 most valued firms fell by Rs 3.12 lakh crore, with Reliance Industries registering the sharpest decline.Broader market sentiments also remained weak with the 30-share BSE Sensex dropping 2,090.2 points, or 2.7%, while the 50-share NSE Nifty slipped 532.65 points, or 2.2%.“Markets ended the…
Foreign investors have continued withdrawing from Indian equities, with net outflows reaching Rs 27,048 crore so far this month. The selling spree reflects the cautious stance among global investors amid shifting global macroeconomic conditions and ongoing geopolitical uncertainty.Data from the NSDL shows that Foreign Portfolio Investors (FPIs) have pulled out a total of Rs 2.2…
India has tightened silver imports in a major policy move to stop traders from taking advantage of a fresh duty gap created after the government raised import taxes on precious metals. Once duties on gold and silver were increased to 15%, concerns grew that lower-duty silver could start entering India through Dubai under the India-UAE…
Delhi commuters, your next CNG refill is set to cost a little more!Indraprastha Gas Limited (IGL) raised rates by Re 1 per kg across its network on Sunday, marking the second hike in just 48 hours. With the latest revision effective from 6:00 am on Sunday, CNG prices in Delhi climbed to Rs 80.09 per…
The Marshall Islands-flagged tanker Symi, an LPG carrier transporting nearly 20,000 tonnes of liquid propane and butane, has safely docked at Deendayal Port in Kandla. The vessel crossed the Strait of Hormuz on May 13, marking another crucial movement of energy supplies through the key maritime route amid the ongoing Middle East crisis. The vessel…
NEW DELHI: Central Electricity Authority (CEA) has proposed a nationwide overhaul of electricity tariffs, recommending a sharp increase in fixed monthly charges paid by consumers as power distributors struggle to recover costs amid rising rooftop solar adoption and migration of industries to captive power.The proposal could eventually mean consumers paying a larger portion of their…
NEW DELHI: The boards of state-run power sector financiers Power Finance Corporation and REC Limited on Saturday decided to move ahead with the proposal to merge the two entities.In separate stock exchan-ge filings, both companies said their boards had cleared reserving the merger proposal for approval of President of India, as required under their Articles…
NEW DELHI: Days after more than doubling the customs duty, govt on Saturday moved in to restrict the import of certain types of silver as part of its strategy to reduce surging shipments of bullion.In a notification, the directorate general of foreign trade moved silver bars containing 99% or more of the metal as well…
NEW DELHI: India’s third largest telecom operator Vodafone Idea (VI) is finally profitable. On Saturday, it reported a net profit of Rs 51,986 crore in March quarter — probably a record for any company — against a loss of Rs 7,168 crore in the corresponding period of 2025.This was thanks to a one-time accounting gain…
Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan…