Airline stocks had previously come under heavy pressure as geopolitical tensions pushed oil prices sharply higher. (AI image) Oil prices plunge, bring cheer to aviation stocks! Shares of airline operators IndiGo and SpiceJet surged by as much as 8 per cent on Tuesday after US President Donald Trump indicated that the conflict with Iran could…
MUMBAI: Deteriorating geopolitical situation in West Asia and weak market conditions around the world led to a sharp sell-off on Dalal Street early on Monday resulting in the index plunging nearly 2,500 points. However, late in the session stocks recovered some of the losses as traders speculated about an address by US President Donald Trump…
MUMBAI: The rupee fell to a record low on Monday and closed at 92.33, down 58 paise from Friday’s close of 91.75, as escalating conflict in West Asia pushed crude oil prices to around $119 a barrel and triggered foreign capital outflows from oil-importing markets seeking safer assets. The currency touched a record low of…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the increase in oil prices is unlikely to result in a significant acceleration in inflation. “Given that India’s inflation is near the lower bound, the impact on inflation is not estimated to be substantial at this point,” the minister said in response to a question…
NEW DELHI: Private sector and state-run banks raked in around 19,000 crore from account holders for not maintaining minimum balance in three financial years — 2022-23 to 2024-25.While private sector banks mopped up around Rs 11,000 crore, public sector players collected Rs 8,093 crore, according to data shared by the finance ministry in Lok Sabha…
Market participants are now awaiting the release of the US consumer price index for February, scheduled for Wednesday, as well as the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, due on Friday. Among other precious metals, spot silver rose 3 per cent to $89.60 per ounce. Platinum gained 1.2 per cent to…
Oil prices relaxed on Tuesday after jumping past the $100-per-barrel mark a day earlier. The pullback came as fears of long-lasting supply disruptions eased slightly, with signs that the Middle East conflict could see some diplomatic movement. As of 0018 GMT, Brent crude futures were down $6.51, or 6.6%, to $92.45 a barrel, while US…
NEW DELHI: Amid complaints over “predatory and unnecessary charging” by shipping lines, the maritime regulator has invoked power on Monday to seek transparency in pricing as part of efforts to ensure that there is no profiteering.In a circular, DG Shipping has asked the shipping companies and agents to “refrain from predatory, non-transparent and opportunistic pricing…
Asian stocks inched higher on Tuesday as oil prices relaxed, coming down to around $90 per barrel from nearly $120. South Korea’s Kospi recovered from its heavy losses, surging more than 6%, while Tokyo’s Nikkei 225 also gained over 3% before easing slightly. The rally came as West Texas Intermediate (WTI) crude fell 6.54% to…
MUMBAI: Flipkart has shifted its domicile to India from Singapore, a move that will speed up the firm’s IPO preparations as it gears up for a debut on the exchanges sometime by early 2027. Following the internal restructuring, Flipkart Internet has become the holding entity of the Walmart controlled group. “We are grateful to the…
