Indian refiners, who are major purchasers of Russian crude oil, intend to reduce their imports in the coming days. (AI image) Indian refiners’ crude oil procurement from Russia is set to reduce in the coming weeks, albeit modestly. The move comes at a time when the Donald Trump administration has imposed a 25% additional tariff…
Banks across several states will remain closed on Wednesday, August 27 on account of Ganesh Chaturthi. According to the Reserve Bank of India’s (RBI) holiday calendar, banks in Gujarat, Maharashtra, Bengaluru, Odisha, Tamil Nadu, Telangana, Goa and Andhra Pradesh will not be operational for the day. While physical branches will remain closed, customers can continue…
Indian stock markets will suspend operations on Wednesday, August 27 on the occasion of Ganesh Chaturthi. This represents the second market holiday in August, following the earlier closure on August 15 for Independence Day celebrations, apart from the routine weekend offs.Operations at both BSE and NSE will cease completely for the day, affecting all trading…
PM Modi flags off Maruti EV in Gujarat NEW DELHI: Prime Minister Narendra Modi on Tuesday flagged off Maruti Suzuki’s first Battery Electric Vehicle (BEV), e-Vitara, at Hansalpur, Gujarat. The EV, made in India, will be exported to over 100 countries, signifying India’s growing ambitions in green mobility and self-reliance.The launch coincided with the commencement…
Crypto trade in Futures surpasses Spot deals (AI image) A major shift can be seen in India’s cryptocurrency market, with futures trading volumes on local exchanges now surpassing spot transactions by more than threefold. According to Economic Times, industry executives and legal experts attribute the surge to the recent upswing in crypto prices, leverage-driven profit…
Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Sun Pharma, and Bharti Airtel are the top stocks to buy today:Sun Pharma – Buy in the range between Rs 1652 & Rs 1665; Stop Loss: Rs 1616; Target: Rs 1720Sun…
Bengaluru: The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding, has approached the Karnataka high court to enforce an arbitral award of $235 million (about Rs 2,060 crore) against Byju Raveendran and his investment vehicle, Byju’s Investments (BIPL). The claim includes interest of 4% per annum, compounding daily from Feb 28, 2024, which now…
Bharat Petroleum Corporation Ltd (BPCL) is exploring a greenfield oil refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh as part of its long-term capacity expansion strategy to meet rising energy demand in India.At the company’s annual shareholder meeting on Monday, chairman and managing director Sanjay Khanna said BPCL has begun pre-project activities for…
Wall Street drifted on Monday as investors paused after last week’s rally on expectations of more interest rate cuts from the Federal Reserve. The S&P 500 held near its record high, the Dow Jones Industrial Average dropped 234 points or 0.5% as of 12:13 pm Eastern, while the Nasdaq composite rose 0.3%, AP reported.Gains in…
The Pension Fund Regulatory and Development Authority (PFRDA) is aiming to bring 50 lakh beneficiaries of the PM SVANidhi scheme under the Atal Pension Yojana (APY), chairman S Ramann said on Monday.The PM SVANidhi micro-credit scheme, launched by the government on June 1, 2020, offers collateral-free loans of up to Rs 50,000 to eligible street…
