The government has exempted excise duty on up to 30% ethanol component in blended petrol, which, according to experts, will proportionately reduce India’s energy imports and may also improve margins of stressed fuel retailers as oil companies may not pass the benefit to the consumer. Union petroleum minister Hardeep Singh Puri fills E85 fuel in…
In the last few months, the Indian Rupee has been hitting new lows regularly. Yields on the Government securities (G-secs) have been climbing. Foreign Institutional Investors (FIIs) have been withdrawing money out of India and taking US Dollars back to their home countries. The Government has been taking various steps to stop the FIIs from…
SpaceX is launching history’s biggest public listing, propelling Elon Musk‘s wealth into the stratosphere. DW explores whether the firm’s out-of-this-world ambitions are truly cosmic or another black hole for investors. Elon Musk has a habit of turning science fiction into reality. From reusable rockets to autonomous vehicles and humanoid robots, the billionaire’s ventures often achieve…
Indian equity markets staged a sharp recovery on Friday morning as global stock indices turned green, dusting off recent geopolitical cues. The BSE SENSEX started at 74,742.65 points, up by 910.10 points or 1.23 per cent. Similarly, the NSE NIFTY 50 began at 23,432.70 points, advancing 271.10 points or 1.17 per cent. The domestic momentum…
Rupee began Friday on a strong note, rising 65 paise to 95.20 against the US dollar in early trade, supported by falling global crude oil prices and indications from US President Donald Trump that a deal with Iran could be reached soon.According to forex traders, the currency also drew support from a weaker US dollar…
“Indian equity markets are expected to open on a strong positive note, with Gift Nifty trading around 23,456, up by 255 points, indicating robust opening cues for domestic indices. Global sentiment remains supportive amid easing concerns over major geopolitical developments and improving risk appetite across international markets. Positive global cues, coupled with stability in key…
SpaceX is set for a rare and historic Wall Street debut, raising $75 billion in what could become the largest IPO ever. The listing is expected to value Elon Musk‘s rocket and satellite company at nearly $1.8 trillion.The listing marks a new chapter for the company that began more than two decades ago with ambitions…
Top stocks to buy today (AI image) Stock market recommendations: HDFC Bank, and NBCC are the stocks that Bajaj Broking Research recommends buying on June 12, 2026. The brokerage also shares views on Nifty and Bank Nifty:HDFC BankBuy in the range of ₹ 730-750 Target Return Stoploss Time Period ₹ 820 11% 690 6 Months…
Data released during the week showed that US producer prices rose more than anticipated in May, resulting in the strongest annual increase in three-and-a-half years. Higher energy costs linked to the conflict in the Middle East contributed significantly to the rise. According to CME Group’s FedWatch Tool, traders are currently assigning a 60% probability to…
Centre has barred industrial, commercial and institutional users from purchasing petrol and diesel from retail fuel outlets, rather switch to bulk sellers.On Wednesday, the Ministry of Petroleum and Natural Gas issued the Motor Spirit and High Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order, 2026, directing oil marketing companies and fuel retailers to…
