Oil products now account for a much larger share of India’s exports to several destinations. India’s oil-products export map is expanding and the country is fast emerging as an important ‘swing supplier’ in the world’s refined fuel markets as the Middle East crisis continues to disrupt flows.As TOI recently reported, Singapore has become India’s third-largest…
SBI cash withdrawal rules change from October 1 From October 1, SBI customers will have to pay Rs 15 plus applicable GST for cash withdrawals beyond the existing limit of four free withdrawals a month. The charge will apply to Basic Savings Bank Deposit (BSBD) accounts opened through the branch channel.The bank said that customers…
The plan will also include local value-addition targets for machines that are currently fully imported (representative image) India is set to approve a $1.2-billion incentive scheme for manufacturing high-value and technologically advanced construction and infrastructure equipment, as the government seeks to reduce the country’s dependence on China for critical machinery, according to two government sources…
PM Narendra Modi had last month flagged off India’s first hydrogen-powered train. Within a month of launching its first hydrogen-powered train, Indian Railways is now looking for cheaper green hydrogen options to expand operations. Indian Railways is considering several measures to expand the pool of green hydrogen suppliers and bring down procurement expenses, including providing…
Gold’s technical structure remains strongly bullish, supported by a sustained sequence of higher highs and higher lows. Gold price prediction today: Gold prices are showing a technically bullish trend, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. However, he believes that traders should not look to chase the rally at higher…
Rupee rises 9 paise against US dollar Rupee began Friday on a strong note against the US dollar, gaining 9 paise to 95.65 as the American currency weakened in overseas markets.The recovery, however, remained constrained by elevated crude oil prices, according to forex traders.At the interbank foreign exchange, rupee started the session at 95.69 before…
Weight-loss drugs such as Ozempic are changing more than just consumers’ waistlines, also reshaping the beauty industry. As the use of GLP-1 medicines including Ozempic and Mounjaro grows, companies are racing to cash in on the new needs emerging among users.From protein-rich foods and drinks and collagen supplements to face fillers and plumping make-up, brands…
How much oil is flowing through Hormuz The US-Iran conflict has kept the Strait of Hormuz in a chokehold for nearly six months and the oil market is left grappling with one big question: how much crude is actually getting through?While market estimates suggest flows have fallen sharply from pre-war levels, US officials say the…
Gold prices remained steady on Friday as the precious metal headed for a third consecutive weekly gain, supported by a weaker US dollar and US treasury department efforts to keep longer-term yields under control. Spot gold was little changed at $4,514.23 per ounce as of 0031 GMT, after reaching its highest level since early June…
Top stocks to buy today on August 21, 2026 Stock market recommendations: DLF, PG Electroplast Ltd, and Sansera Engineering – these are the top stocks to buy identified by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One for August 20, 2026. Let’s take a look:Buy DLF at Rs 680-675; Stop Loss: Rs 635;…
Indian equities are likely to begin Friday’s session on a cautious note, with benchmark indices expected to open slightly higher after breaking a prolonged losing streak in the previous session. GIFT Nifty futures were at 24,311.50 at 7:52 am, pointing to a mildly positive opening for the Nifty 50, which closed at 24,231.85 on Thursday….
Sebi bars 2 entities after Sensex CAS manipulation, orders Rs 3.76cr disgorgement MUMBAI: The first Sebi order relating to the recently introduced Closing Auction Session (CAS) system showed how, using money power, large institutions could manipulate the system and turn loss-making trades into profits in their books.In the order published late on Wednesday, Sebi’s investigation…
File photo: US treasury secretary Scott Bessent speaks to members of the media in Washington (Picture credit: AP) The United States is preparing what treasury secretary Scott Bessent described as the “toughest sanctions in history” against Iran, as Washington seeks to intensify economic pressure on Tehran and force the country towards a settlement.Bessent said the…
Volkswagen to launch locally made sub-4m SUV in India in 2027, eyes bigger compact SUV play MUMBAI: Volkswagen is adopting a “vocal for local” strategy as the global automotive industry becomes more regional, Thomas Schafer, chief executive of Volkswagen Passenger Cars, said as he announced plans to launch a locally manufactured sub-four-metre compact SUV in…
RBI’s Poonam Gupta sees India growing above 6.7% forecast, says 7.5% is ‘a given’ CHENNAI: Despite multiple challenges, including the oil and tariff crises, heightened global uncertainty and the possibility of a rainfall deficit, India’s GDP is likely to grow faster than Reserve Bank of India’s projected 6.7% this fiscal, RBI deputy governor Poonam Gupta…
Core sector growth rises to 5.4% in July, cement and iron ore drive expansion NEW DELHI: Core sector grew 5.4% in July, compared with 3.2% a year ago, official data released on Thursday showed. Sequentially, the growth marked a slowdown from an upwardly revised figure of 6% in June. The new series, with revised base…
Prop traders made Rs 44,000cr in F&O, retail traders lost Rs 72,000cr in FY26, says Sebi MUMBAI: Large institutions and proprietary traders continued to make a killing in the derivatives segment of the market during FY26. At the same time, it was retail traders who lost heavily during the fiscal, a Sebi study of F&O…
HDFC Bank raises record $1.8 bn via dollar bond issue MUMBAI: HDFC Bank has raised $1.75 billion through a dual-tranche dollar bond issue from its GIFT City branch to fund overseas lending and general banking operations.The issue comprises $500 million of three-year notes at 5.15% and $1.25 billion of five-year notes at 5.4%, settling Aug…
Govt eases export rules to allow wider invoicing, payments in Indian rupees NEW DELHI: Govt on Thursday tweaked provisions of the Foreign Trade Policy to make it easier for exporters to invoice overseas transactions and receive payments in Indian rupees.“All export contracts and invoices, other than those involving member countries of the Asian Clearing Union…
Niva Bupa says no financial impact from Irdai action, vows steps to safeguard stakeholders MUMBAI: Niva Bupa Health Insurance has been barred from opening new places of business for six months after the insurance regulator found that the company had failed to comply with expense of management limits for 2024-25.Irdai in an order issued Aug…
