SBI and SBI Capital Markets to dilute up to 1% stake in NSE offer NEW DELHI: State Bank of India (SBI) and its subsidiary SBI Capital Markets together plan to dilute up to 1% stake in the National Stock Exchange (NSE) through the exchange’s proposed Rs 30,000-crore initial public offering (IPO). The bank is participating…
Bitumen prices remain elevated in India as supply improves but crude sourcing challenges keep road construction costs high NEW DELHI: India had faced a severe bitumen shortage at the peak of the West Asia crisis despite receiving crude supplies from Russia. The reason was that Russian oil is predominantly “sweet crude”, making it unsuitable for…
Motorcyclists ride past a billboard depicting US President Donald Trump inside a catering container in downtown Tehran, Iran Six months into the war between the US, Israel and Iran, some of the worst fears for the global economy have failed to materialise, despite the conflict driving up energy and food costs, disrupting travel and trade,…
India’s economy set for 7-7.2% growth in FY27 despite global headwinds India’s economic engine is expected to stay firmly on track in FY27, with real GDP growth projected at 7-7.2%. The growth comes on the back of strong domestic demand and continued government spending on capital projects supporting economic activity, EY said in a recent…
Stock market headed for busy week; GDP data, global cues and more in focus Dalal Street is set for a busy week, with India’s GDP growth data and key US jobs report likely to steer market sentiment. Investors will also track crude oil prices, foreign investor flows and auto sales for further cues.One of the…
Where are gold and silver prices headed this week Gold and silver prices could remain under pressure in September, with US employment data, central-bank expectations and geopolitical tensions likely to drive trading.The bullion market is set to enter the month on a cautious note the after witnessing a sharp sell-off last week. On the Multi…
Foreign investors pump over Rs 30,900 crore into Indian equities in August Foreign investors returned to Indian equities in August with a stronger buying pace, putting Rs 30,919 crore into the market and extending their net purchases for the second month. The latest inflow came after Rs 20,200 crore was invested in July, offering a…
FM Nirmala Sitharaman in Chicago India has met its fiscal deficit target for 2025-26, Union finance minister Nirmala Sitharaman said on Sunday, asserting that the government has stayed on its planned path of fiscal discipline.“We have given ourselves a fiscal discipline path on the fiscal deficit as well. We have fulfilled the trajectory. The last…
Cars queue to refuel at fuel stations in Russia (Image credit: Reuters) India has emerged as a major energy supplier to Russia, exporting almost 1 million barrels of gasoline over the past two months as Moscow turned to overseas supplies amid a worsening domestic fuel shortage.Russia’s seaborne gasoline imports reached a record of around 125,000…
Consumers ask artificial intelligence for advice but less than half trust it Traditionally, shopping advice came from friends, parents, relatives and even online reviews. Now, consumers have found an unlikely shopping companion — artificial intelligence, though it is yet to earn the same level of trust.Generative AI and other digital tools are increasingly becoming part…