MUMBAI: Stronger indications of an Israel-Iran ceasefire lifted investor sentiment on Dalal Street Wednesday, pushing sensex to over its eight-month high mark. Easing crude oil prices and short covering by speculators who were cutting their losses also helped the rally in the late session, market players said.At close, sensex was at 82,756 points, up 700…
The day’s rally in the market came on the back of strong buying by domestic funds, while foreign portfolio investors (FPIs) continued to be the net sellers. End-of-the-day data on BSE showed that while domestic institutions were net buyers at Rs 2,373 crore, FPIs were net sellers at Rs 2,428 crore. The rally added nearly…
MUMBAI: RBI has extended trading hours for key money market segments to improve liquidity management, enhance price discovery. It also aims to bring Indian markets closer to global standards. From July 1, the call money market will remain open till 7pm, while from Aug 1, market repo and tri-party repo (TREP) trading will close at…
MUMBAI: An RBI report has called on lenders to reduce loan rates, saying financial conditions are conducive for transmitting the central bank’s 50-basis-point (100bps = 1 percentage point) policy rate cut from June 6 to the credit market. In its state of the economy report for June, RBI noted that high-frequency indicators for May 2025…
NEW DELHI: You may soon be able to use your vehicle’s FASTag to pay traffic challans, parking fee, insurance premium and for EV charging, in addition to highway tolls. With nearly 11 crore FASTags issued by banks, the govt is exploring ways to expand its use as a flexible payment tool.To take this forward and…
This is an AI-generated image, used for representational purposes only. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the establishment of the International Potato Centre’s (CIP) South Asia Regional Centre (CSARC) at Singna in Agra, Uttar Pradesh.The move is expected to enhance food and nutrition security while raising farmer incomes and…
Shares of IndiaMart Intermesh jumped over 6% to Rs 2,650 on Tuesday after Nuvama Institutional Equities upgraded the stock to ‘Buy’ from ‘Reduce’ and raised the target price to Rs 3,800, citing an impending demand upcycle.“We upgrade IndiaMart from ‘REDUCE’ to ‘BUY’ — following earlier downgrades in Oct-23 to ‘HOLD’ and Oct-24 to ‘REDUCE’ —…
Oil prices dropped approximately 6% on Tuesday, influenced by Trump’s remarks regarding China following the ceasefire declaration. (AI image) US President Donald Trump announced on Tuesday that China may proceed with Iranian oil purchases following the Israel-Iran ceasefire agreement, though the White House subsequently clarified this statement does not represent an easing of US sanctions.“China…
US President Donald Trump called Federal Reserve Chair Jerome Powell “terrible” and said he had narrowed down his choice for the next Fed chair to “three or four people,” stoking fresh speculation about an early leadership change at the central bank.“I know within three or four people who I’m going to pick,” Trump told reporters,…
Promoters Tata Sons and Singapore Airlines infused Rs 9,558 crore into Air India during 2024–25, with the bulk of the investment coming after the merger of Vistara and Air India in November last year, the airline confirmed on Wednesday.Air India spokesperson said the capital was raised to support ongoing transformation plans, fund capital expenditure, and…
