Benchmark equity indices Sensex and Nifty closed higher for a fourth consecutive session on Wednesday as softer crude oil prices following the US-Iran peace deal boosted investor sentiment despite continued foreign fund outflows.The BSE Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it climbed as much as 410.51 points, or…
Mumbai: With the cessation of hostilities between the US and Iran hopes have risen of normalization of trade, but Indian insurers plan to retain the marine insurance pool to ensure that there is enough domestic capacity to ensure that trade is protected when similar geopolitical events arise in future.Insurers and brokers said that while the…
After being at a war for over four months, the US and Iran will finally be signing an interim memorandum of understanding on Friday. The signing, which will take place in Switzerland, will pave the way for 60 days of negotiations aimed at ending the conflict and imposing strict limits on Tehran’s nuclear programme.According to…
Mumbai: Mercedes-Benz’s Member of the Board of Management, Sales & Customer Experience., Mathias Geisen, was in India this week for the launch of the new S-Class – a plug-in hybrid. Against this backdrop, Gielsen spoke about Mercedes-Benz’s global sales performance, the transition to electric mobility, and the company’s strategy for India, one of its fastest-growing…
Mumbai: Microfinance lenders showed early signs of stabilisation in the March 2026 quarter, even as the industry’s portfolio shrank sharply from a year earlier and legacy stress continued to build, according to the latest MFI Pulse Report brought out by Equifax and SIDBI.The sector’s total portfolio outstanding stood at Rs 2,77,053 crore as of March…
N Chandrasekaran (file photo) Tata Sons Chairman N Chandrasekaran has reportedly decided not to accept a salary increase for FY26 as the Tata Group remains focused on capital deployment priorities and the profitability of several recently established businesses.N Chandrasekaran’s total compensation for FY25 stood at approximately Rs 155.8 crore, which was a 15% rise over…
GIFT City is also witnessing growing activity as an increasing number of fintech firms seek licences there to broaden their participation in cross-border financial transactions. (AI image) Looking to invest in US stocks? Leading Indian new-age brokerages, including Groww, Zerodha, Angel One and Upstox, are expanding into overseas equity investing after obtaining licences from the…
Reliance Jio Infocomm is reportedly close to filing draft papers for its long-awaited $4 billion initial public offering (IPO). According to a report by Financial Times, released on Wednesday, the filing is expected to come ahead of Reliance Industries chairman Mukesh Ambani’s annual address to shareholders at the company’s annual general meeting on Friday.If completed…
Smart eyewear, though it remains debatable whether they’d prefer to be called ‘AI glasses’, is poised to become the next category tech companies have a bit of a battle over. Snap Inc., with the consumer release of its augmented reality glasses called SPECS, is making a $2,195 bet to take on Meta’s glasses before Google,…
If refiners are ultimately required to raise their stock levels to cover about 30 days of national consumption, they would collectively need to maintain around 150 million barrels of crude oil. (AI image) Drawing lessons from China, India may look to push its domestic refiners to increase the stockpile of crude inventories with energy security…
