RIL, which has been the largest importer of Russian oil by volume in this year, has bought millions of barrels of crude from the US and Middle East . (AI image) In what is being seen as a direct impact of Donald Trump’s sanctions on two major Russian oil firms, Reliance Industries Ltd (RIL)…
India has shown openness to procure US energy and diversify its crude basket, but has been firm on its right to decide the source of crude oil purchases. At a time when India is engaged with the US and European Union for trade talks, Commerce Minister Piyush Goyal has made it clear that no trade…
Representative image (AI-generated) MUMBAI: Private equity investor Blackstone will pick up a 9.99% stake in Federal Bank for Rs 6,196.51 crore. The investment will be made through Asia II Topco XIII Pte Ltd, a Blackstone-controlled entity that handles the firm’s strategic transactions in India. Federal Bank’s board cleared the proposal on Oct 24, 2025. It…
Representative image (AI-generated) Domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, based on BigMint market data.Several factors have influenced these prices. Rising imports, weak export demand and oversupply in the global market all contribute to the decline.Hot rolled coil (HRC) is priced at about Rs…
Gold-backed ETFs experienced their most substantial single-day tonnage withdrawal in five months, indicating that institutional investors are reducing their positions. (AI image) Why are gold prices falling? After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set…
LKP says that traders are advised to adopt a cautious approach, preferring a sell on rise strategy. (AI image) Gold price prediction today: Gold prices are likely to trade in a narrow range with a neutral to bearish bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy…
Donald Trump, Mark Carney (AP) US President Donald Trump on Thursday announced that he is halting all trade negotiations with Canada, citing television advertisements he said were intended to influence American court decisions.President Trump described the ads as “egregious behavior” and accused Canada of misusing footage of former President Ronald Reagan. “The Ronald Reagan Foundation…
The Donald Trump-led administration is preparing to defend its new H-1B visa policy in court after multiple lawsuits were filed against the $100,000 fee imposed on new visa applicants.White House Press Secretary Karoline Leavitt on Thursday (local time) said the administration would fight the legal challenges, arguing that the H-1B system has been misused for…
The White House press secretary Karoline Leavitt on Thursday (local time) claimed that India had scaled back Russian oil imports at US President Donald Trump‘s “request” and China was doing the same.“If you read the sanctions and look at them, they’re pretty hefty. I saw some international news out of China this morning that they’re…
NEW DELHI: Commerce and industry minister Piyush Goyal on Thursday said talks between India and the US for the proposed trade agreement are progressing, and expressed hope that both sides would work towards a fair and equitable agreement in the near future. An Indian team, headed by commerce secretary Rajesh Agrawal, was in Washington last…
