NEW DELHI: Crude oil prices fell below the $75-per-barrel mark on Wednesday as the Strait of Hormuz reopened but are yet to return to the pre-conflict levels of $65-70 a barrel.While Brent crude traded at nearly $73.4 per barrel at the time of filing this report, the Indian oil basket — a blend of sweet-grade…
RBI Governor says rate hike talk ‘premature’ as crude prices, monsoon remain uncertain NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra has pushed back against expectations of an imminent interest rate hike, saying it is “premature” to discuss tightening given the fragile truce between the US and Iran and the uncertainty it creates for…
Gautam Adani said land has already been identified for the proposed nuclear venture, Adani Atomic Energy. At the Adani group’s annual general meeting (AGM), chairman Gautam Adani said that there are plans to develop 10 gigawatts (GW) of nuclear power capacity by 2035. He signalled the conglomerate’s entry into the nuclear energy sector as it…
NEW DELHI/MUMBAI: An Air India aircraft inadvertently took a wrong turn while taxiing after landing at Ahmedabad airport on Wednesday evening, bringing it onto the same taxiway as an IndiGo plane preparing for departure.The Mumbai-bound IndiGo flight was taxiing for take-off when the Air India aircraft, which had just landed from Mumbai, entered the wrong…
Airlines turn to AI to save fuel; IndiGo to start trials for thriftier take-offs NEW DELHI: After doing everything humanely possible to cut fuel burn, Indian airlines have turned to artificial intelligence (AI) to help save the prohibitively expensive black gold. IndiGo has asked its pilots to save fuel during the time when the aircraft…
India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This comes after the Reserve Bank of India (RBI) cleared lenders to extend loans against such deposits.Earlier on Tuesday, the apex bank said that lenders can extend loans to overseas residents…
Aligning travelling preferences and plans with the right credit card ensures that the benefits align with your actual spending. (AI image) Summer is peak travel season with high demand leading to higher costs, and travellers actively looking for smart ways to save on flight and hotel bookings. While travel deals, seasonal discounts and booking offers…
The National Stock Exchange (NSE) has retained its position as India’s most valuable unlisted company, with a valuation of Rs 4.86 lakh crore, according to the 2025 Burgundy Private Hurun India 500 report. The exchange continues to top the ranking of unlisted firms, staying ahead of Serum Institute of India and Adani Properties, reflecting sustained…
Sensex soared nearly 800 points and the Nifty reclaimed the 24,000 mark Benchmark equity indices rebounded sharply on Wednesday, with the Sensex soaring nearly 800 points and the Nifty reclaiming the 24,000 mark, driven by falling crude oil prices, strong buying in banking and IT stocks, and optimism over a potential India-US trade agreement.The 30-share…
UAE, one of the oil market’s heavyweight players, stepped out of OPEC and questions are rising over what the move could mean for the group’s energy production.The United Arab Emirates’ departure from OPEC has already trimmed the group’s share of global crude oil output and production capacity, according to data released by the US Energy…