Reserve Bank of India’s special swap facility to attract foreign currency brought in $20.72 billion till July 17, with most of the money coming through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits.The RBI said on Monday that the concessional swap scheme has seen steady foreign exchange inflows since it was launched on June 8, 2026….
Saudi Arabia has rerouted its crude exports through the Red Sea port of Yanbu after Hormuz disruptions. (Satellite image of Bab-el-Mandeb Strait – source Reuters) After the Strait of Hormuz disruptions, a fresh threat to the world’s oil supply has emerged with the Iran-backed Houthi movement in Yemen announcing a maritime blockade against Saudi Arabia….
Coca-Cola’s plans to take its bottling business to Dalal Street have moved a step closer. Hindustan Coca-Cola Holdings has appointed JPMorgan and Citi to steer the proposed 2027 IPO, Reuters reported, citing two sources familiar with the development. The company is also exploring the sale of part of its stake.The appointments were finalised after investment…
AI-linked stocks have faced sustained selling pressure in recent weeks amid concerns that valuations had risen too rapidly. US stock market today: Wall Street rebounded on Monday as shares of chipmakers and other companies that have benefited from the artificial intelligence boom recovered after recent sharp declines.The S&P 500 advanced 0.6%, following its first weekly…
Shipments of these key industrial components to the US during the first six months of the year were roughly 20% lower than the average recorded between 2022 and 2024. (Reuters photo) China’s exports of rare-earth magnets to the United States continue to remain significantly below levels recorded before the trade conflict, despite the truce reached…
Oil prices hit their highest level since early June overnight, with global benchmark Brent crude briefly topping $90 a barrel before retreating again. But, after plenty of nervousness last week over fighting in the Middle East and the wobbly AI trade, futures suggest U.S. stocks will start the new week on a strong footing. Earnings…
After weeks of easing fuel costs, average petrol prices in the United States have climbed back to $4 per gallon, driven by the recent flare-up in the Middle East and rising tensions between the US and Iran. According to motor club federation AAA, the national average price of regular gasoline stood at $4 per gallon…
NSE Indices said the launch represents another addition to its expanding portfolio of index offerings. (ANI photo) NSE Indices Limited, the index services arm of the National Stock Exchange (NSE), has introduced the Nifty500 Ahimsa Index, a thematic benchmark designed to track companies from the Nifty 500 universe whose business operations are aligned with the…
The era of ultra-low interest rates that followed the 2008 global financial crisis may finally be over, with investors now preparing for a prolonged period of higher borrowing costs, sustained investment in artificial intelligence (AI) and infrastructure, and elevated geopolitical risks.According to a recent report by Moody’s Ratings, “A new macro regime is driving differentiated…
To begin with, bullet trains will be capable of operating at speeds exceeding 250 kmph and will have a design speed of 280 kmph. India’s first bullet train project is likely to see the launch of its first high-speed train in 2027. India and Japan have jointly decided to operate indigenous bullet trains equipped with…
