The rupee extended its gains for a second straight session on Friday, closing 7 paise higher at 94.33 against the US dollar as optimism around India-US trade negotiations supported sentiment, though a stronger dollar and lingering geopolitical uncertainties capped gains.The local currency opened at 94.30 against the greenback and traded in a range of 94.20-94.52…
The Reserve Bank of India (RBI) on Friday revised the Kisan Credit Card (KCC) framework, standardising the definition of crop seasons and aligning it with banking asset-classification norms in a move aimed at bringing greater uniformity in farm loan sanctioning and repayment schedules.The revised directions, which will come into effect from January 2027, seek to…
SBI Mutual Fund, the country’s largest asset management company, has received Sebi’s approval for its proposed initial public offering, clearing the way for a share sale estimated at around Rs 13,000 crore, PTI reported citing a person familiar with the development.The IPO, for which draft papers were filed in March, is entirely an offer for…
RIL chairman Mukesh Ambani at AGM RIL 49th AGM: Reliance Industries chairman Mukesh Ambani on Friday presented an expansive vision for the next phase of growth at RIL, centred on artificial intelligence, satellite-based connectivity, clean energy initiatives and consumer-focused businesses. The announcement came as Jio Platforms submitted draft documents for what could become the largest…
Market regulator Sebi on Friday approved a raft of proposals, including the reintroduction of open market share buybacks through stock exchanges, relaxation of intra-day borrowing norms for mutual funds and a faster fundraising mechanism for alternative investment funds (AIFs), PTI reported.The decisions were taken at the regulator’s board meeting, which also cleared measures to simplify…
Experts warn against panic selling, emphasizing the need to maintain investment discipline. (AI image) The US-Iran war has not just hit portfolios of Indian investors, it has also led to record outflows, and fewer inflows in equities. One big sign of the impact of the ongoing uncertainty has been a jarring figure from May 2026…
India has launched an anti-dumping investigation into imports of Resorcinol, a key chemical used in tyres, rubber products and industrial applications, from China and Japan following allegations that low-priced shipments are hurting domestic manufacturers, PTI reported.The probe was initiated by the Directorate General of Trade Remedies (DGTR) after a complaint filed by Atul Ltd, which…
After months of watching fuel prices climb, US drivers are getting a small break at the pump. The national average price of regular gasoline dipped below $4 a gallon on Thursday, a level not seen since the early weeks of the war, as easing oil prices brought some welcome relief.According to AAA, the national average…
Reliance Jio IPO announced (AI image) Jio Platforms IPO announced: Reliance Industries’ chairman Mukesh Ambani on Friday announced that the board of Jio Platforms has approved the draft red herring prospectus (DRHP) of its Initial Public offering (IPO), which will be filed with SEBI. The announcement was made at RIL’s 49th Annual General Meeting (AGM)….
After a steep decline, gold has started forming higher lows on the 15-minute timeframe. (AI image) Gold price prediction today: Gold prices are showing some signs of recovery, and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dips strategy:Gold August futures on MCX are witnessing signs of stabilization…