Andhra Pradesh is expected to become the country’s largest supplier of gold in the coming years, thanks to its significant reserves identified in Kurnool district and other parts of the state, a senior official said on Thursday. Addressing a press conference, principal secretary (Mines) Mukesh Kumar Meena said that according to estimates, Jonnagiri village in…
20 million barrels leave Iran port after peace breakthrough After months of disruption, oil exports from Iran finally picked up after Tehran and Washington reached a peace deal. According to shipping data cited by Bloomberg a wave of 11 tankers carrying 20 million barrels of crude left the Gulf of Oman port. The vessels had…
Addressing the media on the sidelines of the G7 Summit in Evian, Misri described trade, technology and regional and international security as the key pillars of discussions between the India and UK. The India-UK free trade agreement will deepen ties far beyond trade and technology, creating new opportunities for businesses and people in both countries,…
A sharp selloff in technology stocks weighed on sentiment. Fresh geopolitical concerns also added to the cautious mood in the market. (AI image) Stock market breaks winning streak: Indian equity benchmark equity indices, BSE Sensex and Nifty50, snapped their five-session winning streak on Friday, with the Sensex shedding 607 points and the Nifty settling at…
Private sector banks led a broad-based deterioration in data reporting quality in the March 2026 quarter, as the latest round of the Supervisory Data Quality Index (sDQI) showed a marked decline in their scores compared with the previous quarter.The sDQI, a quarterly metric compiled by the Reserve Bank of India, tracks the quality of regulatory…
Sebi allows easier transfer of shares of dead investors MUMBAI: The board of Sebi on Friday decided to make it easier for transfer of securities that are in the name of deceased investors to the legal heirs and claimants by simplifying and standardising the process. It also created a new category of claimants where the…
Reliance succession plan on track, enters final leg MUMBAI: Mukesh Ambani, chairman of Reliance Industries, said the transfer of day-to-day management at the company is “almost complete”, signalling that the succession process at the energy-to-education conglomerate has entered its final stages. The 69-year-old told shareholders that his three children – Akash, Isha and Anant –…
Accenture outlook cut sparks fresh fears over IT recovery BENGALURU: Accenture’s decision to lower its FY26 revenue growth guidance has intensified concerns over the pace of recovery in the global technology spending environment. Brokerages warn that Indian IT services companies could face a prolonged period of weak demand stretching into FY27.The Dublin-based IT services giant…
A sharp selloff in information technology stocks, triggered by Accenture’s weaker growth outlook, and fresh geopolitical concerns ended the market’s five-session winning streak on Friday, dragging benchmark indices lower.The BSE Sensex fell 607.08 points, or 0.78%, to close at 76,802.90, while the NSE Nifty declined 154.90 points, or 0.64%, to settle at 24,013.10.During the day,…
India’s foreign exchange reserves recorded their steepest weekly decline in months, falling by $9.985 billion to $671.625 billion in the week ended June 12, mainly due to a sharp drop in gold reserves, according to RBI data released on Friday.The country’s forex reserves had declined by $711 million in the previous reporting week to $681.610…