Global Airline Chiefs to Confront Iran War Fuel Shock and Profit Drops at Industry Summit

Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry’s biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight detours and testing carriers’ ability to raise fares.The June 6-8 annual m Read More

LIC Shares Under Pressure As SEBI Order Exposes Alleged Fraud At Rajesh Exports

Shares of Life Insurance Corporation of India (LIC) traded lower on Thursday morning as investors reacted to a major regulatory crackdown on gold jewelry manufacturer Rajesh Exports, where the state-run insurer holds a significant legacy stake.On the NSE, LIC shares opened weak a Read More

How Indian Markets Could React To RBI’s Policy Call

The Reserve Bank of India’s rate decision on Friday is expected to be one of the closest policy calls in recent memory, with rising oil prices, a falling rupee and monsoon risks pulling growth and inflation in opposite directions.While a majority of economists polled by Reuters e Read More

India Set to Launch 30 Billion Rupee Incentive Scheme for Lithium and Nickel Processing

India’s federal Ministry of Mines is expected to shortly unveil a policy with incentives to process lithium and nickel with an outlay of around 30 billion rupees ($313.48 million), according to two sources familiar with the matter.The sources did not want to be identified publicl Read More

India Plans to Waive Capital Gains Tax on Foreign Portfolio Debt Investments to Boost Inflows: Sources

India plans to scrap capital gains tax on foreign portfolio investments in government securities, which could help boost such inflows, a source familiar with the matter said on Thursday.The South Asian nation is looking to attract foreign capital to counteract pressure on its rup Read More

Fictitious trades, Doctored Books & Rs 15.15 Lakh Cr Revenue gap: Why SEBI Cracked The Whip On Rajesh Exports

In the matter of Rajesh Exports Ltd, market regulator SEBI has passed an interim order on Wednesday, June 3, after conducting an investigation which lasted between April 1, 2020 to March 31, 2024.The investigation was result of a shareholder complaint against alleged financial mi Read More

Stock Market Opening Bell: Sensex Fell 0.55%, Nifty 50 Declined 0.53% – Here’s Why

Stock Market Opening Bell: The Indian stock market benchmark indices, Sensex and Nifty 50, witnessed  gap down opening on Thursday, tracking weakness in global markets, and rising tensions linked to the US-Iran war, which kept crude oil prices and inflations concerns elevated.Whi Read More

Oil Falls as Lebanon and Israel Agree to Implement Ceasefire

BEIJING: Oil prices eased on Thursday as Israel and Lebanon’s ceasefire agreement boosted hopes for a ​broader deal to end the U.S.-Israeli war with Iran, while ‌the U.S. House approved a resolution seeking to curb President Donald Trump’s war powers.Brent futures were down 67 ce Read More

‘Elevated Oil Prices Could Drag India’s Growth to 6%, Below IMF Forecast of 6.5%’: Gita Gopinath

New Delhi: India’s economic growth, projected at 6.5 per cent by the International Monetary Fund (IMF), could slow closer to 6 per cent as elevated oil prices continue to weigh on the economy, former IMF Deputy Managing Director and Chief Economist Gita Gopinath told ANI.Accordin Read More

₹600000-Cr Wipeout Hits Markets; Sensex Crashes 1150 Points Over Strait Of Hormuz Crisis

Indian equity benchmarks suffered an aggressive intraday sell-off on Wednesday. Escalation in the West Asia conflict threatened global energy supply lines and triggered a major rush out of risk assets.The BSE Sensex plunged as much as 1,150 points, or 1.54%, hitting an intraday l Read More