Oil prices had slipped below $100 a barrel on Wednesday. Oil prices edged lower on Thursday after rising about 4% in the previous session, as investors assessed signs that Iran remained open to diplomacy to end its war with the US, although the two sides remain far apart on the terms of a possible agreement.At…
Before the IPO opened for subscription, NSE had raised Rs 6,746 crore from more than 150 anchor investors. NSE IPO listing date today: National Stock Exchange of India’s shares will debut on the Bombay Stock Exchange and Metropolitan Stock Exchange of India (MSEI) today.Market participants are also tracking grey market movements closely ahead of the…
Airtel Money, is preparing for an initial public offering on the London Stock Exchange to raise at least $800 million at an expected valuation of $8 billion to $9 billion. NEW DELHI: Sunil Bharti Mittal’s Airtel Money, a digital financial services platform operating across 13 African markets, has announced its plan to list on the…
Four agencies raise India’s growth projection NEW DELHI: The Asian Development Bank and OECD, along with ratings agencies S&P and Fitch, joined Moody’s in raising India’s growth forecast for the current year. ADB and S&P now expect India’s GDP to expand by 7% this year, compared with their earlier projection of 6.6%, while Fitch has…
MUMBAI: The insurance regulator has sought to curb distribution costs and misselling by tightening limits on commissions and other expenses, after a reform meant to give insurers greater flexibility instead resulted in a big chunk of premium income being gobbled up by distributors.The Insurance Regulatory and Development Authority of India (Irdai), in a consultation paper,…
The proposed ban comes as diesel prices have surged amid disruptions linked to the Trump administration’s war against Iran, which began in February, and Ukrainian attacks on Russian oil refineries. Farm-state Republicans have been pressing the administration to act as fuel costs rise. The Trump administration is preparing a 90-day ban on US diesel exports…
The eight-storey, sea-facing tower covers 63,000 square feet (5,853 square meters) in Mumbai’s upscale Juhu neighbourhood. Marking the largest ever single-home purchase in terms of deal size, Angel One founder Dinesh Thakkar has purchased a full residential tower in Mumbai.Dinesh Thakkar, founder and CMD of financial services and stockbroking company Angel One, will acquire an…
According to Gadkari, making better use of sugarcane by-products could also improve returns for farmers. (Image for representative purpose only) India imports most of the fuel it consumes – be it crude oil, LPG, or even LNG. Union Minister for Road Transport and Highways Nitin Gadkari has said that India’s agriculture sector can help drive…
Petrol, diesel margins for OMCs seen recovering sharply in Q2FY27 (representative image) India’s oil marketing companies (OMCs) could see a sharp recovery in petrol and diesel margins in the second quarter of FY27, although continued losses on LPG sales are likely to limit the overall benefit, according to a report by JM Financial Institutional Securities.The…
Moody’s Ratings last week raised its FY27 real GDP growth forecast to 7% from 6%. NEW DELHI: India’s growth outlook has received a broad upgrade from major global institutions, with the OECD, S&P Global Ratings, Fitch Ratings and Asian Development Bank (ADB) raising their GDP forecasts for the current financial year.The upgrades follow stronger-than-expected economic…
