India’s services economy lost momentum for a second consecutive month in March, growing at its slowest pace of expansion in more than a year as demand cooled and inflationary pressures built amid an ongoing Iran war. The slowdown reflects a cooling in new business intakes, which moderated to a 14-month low. (Pixabay) The HSBC India…
Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, according to seven brokerages. India’s $315 billion IT sector, employing about 5.9 million people, last reported double-digit revenue growth in March 2023 quarter. (AI Image)…
The Supreme Court of India on Monday declined to stay proceedings in a plea filed by Vedanta Limited challenging the approval of AdGroup’s resolution plan for the takeover of insolvent Jaiprakash Associates Limited.A Bench led by Chief Justice of India Surya Kant observed that since the appeal is likely to be decided shortly by the…
Precious metal prices in India are expected to remain moderately strong in fiscal year 2026–27, supported by ongoing global uncertainty. Geopolitical tensions, fears of trade wars and concerns about a possible global recession are likely to boost demand for safe-haven assets like gold and silver. However, high interest rates may limit sharp price gains. The…
Hyderabad: Aurobindo Pharma’s board on Monday approved a Rs 800 crore share proposal to buy back up to 54.23 lakh fully paid-up equity shares of the company of face value Rs 1 each at Rs 1,475 a share.The proposed buyback, which is subject to regulatory and statutory approvals, represents up to 0.93% of the total…
Getting LPG cylinders is set to become easier for migrant workers, students and daily wage earners! The government, on Sunday, allowed 5-kg Free Trade LPG cylinders to be sold without address proof, making it simpler for migrant workers, students and daily-wage earners to access cooking fuel. All that is needed now is a valid ID…
India’s bank stocks are likely to face further losses as the Reserve Bank of India tightens its grip on rupee trading and rising energy prices weigh on profit outlook, according to analysts. At stake is the outlook for India’s $4.5 trillion stock market, given banks account for nearly a third of the benchmark index. (Reuters)…
India is stepping up efforts to secure fertiliser supplies, with plans to import 2.5 million metric tonnes of urea as it works to stabilise availability in the domestic market amid tightening conditions linked to the US-Israeli war with Iran.This comes as ongoing tensions in the Middle East have been disrupting global energy flows and shipping…
Rajesh bought a family floater health insurance policy with a sum assured of Rs. 10 lakhs. The policy covered Rajesh, his spouse, and his 2 children. Six months after buying the policy, Rajesh’s wife had to undergo a cataract operation. Rajesh filed a claim for Rs. 25,000, but the health insurance company rejected it. The…
Saudi Arabia has raised the price of its main crude grade for Asian buyers to a record high, as the Middle East conflict enters its sixth week and continues to disrupt global energy flows worldwide.The kingdom’s oil giant Saudi Aramco has set the cost of its Arab Light crude for May sales to Asia at…
