Oil prices continue to inch higher Oil prices edged higher again on Wednesday, with Brent crude crossing $115 a barrel after declining in previous sessions. The rebound came after Yemen’s Iran-aligned Houthi group claimed a missile strike on Saudi Arabia’s largest oil refinery, reviving concerns over oil supplies from the Middle East amid the ongoing…
Mukesh Ambani gets emotional while listening to Anant and Isha Ambani’s address during Jio Platforms IPO ceremony Jio share listing: Reliance Industries chairman Mukesh Ambani got emotional at Jio Platforms Limited’s listing ceremony as he watched his children speak about the family’s legacy and Jio’s journey. Sitting beside his wife, Nita Ambani, the 69-year-old chairman…
Jio Platforms Limited registers strong stock market debut Jio stock price: Jio Platforms made a strong stock market debut on Wednesday, with its shares listing at Rs 1,358 on the BSE and NSE, a premium of around 21.35% over the issue price of Rs 1,119. The stock touched a high of Rs 1,375 and a…
Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw…
File photo: Larsen & Toubro NEW DELHI: Engineering major Larsen & Toubro (L&T) on Tuesday reported a 32.5% rise in net profit to Rs 5,202 crore for the quarter ended Sept 2026, driven by higher revenue.The company had posted a profit of Rs 3,926 crore in the year-ago period. L&T achieved consolidated revenue of Rs…
Dalal Street’a movement will be guided by elevated crude oil prices, global market cues and the US Federal Reserve’s policy commentary, with investors also tracking Jio Platforms’ much-anticipated stock market debut. Earlier on Tuesday, benchmark indices ended nearly flat, as gains in broader market segments contrasted with weakness in banking, financial and IT shares. Rupee…
File photo: Reliance Industries to announce Q2 results on October 30, consider fundraise through debentures MUMBAI: Reliance Industries on Tuesday said its board will meet on October 30 to consider a fund-raise programme through the issuance of listed redeemable non-convertible debentures. On Friday, the company is scheduled to review and approve its financial results for…
HAGUE: India is open to promoting free and fair trade with China and hopes to expand its exports of goods and services to the neighbouring country and Asean region in the coming years, commerce and industry minister Piyush Goyal said late Monday, signalling scope for deeper trade engagement with Beijing.Goyal told reporters that India believed…
File photo: Reserve Bank of India MUMBAI: India would already have been an 8% growth economy if it had not been grappling with an exceptionally difficult global environment, Reserve Bank of India (RBI) deputy governor Poonam Gupta said, arguing that improvements in digital infrastructure, public services, manufacturing and governance have strengthened the economy’s capacity to…
File photo: Noel Tata and N Chandrasekaran MUMBAI: Tata Trusts chairman Noel Tata on Monday challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, which was passed at the Sept 17 board meeting of the holding company of the country’s largest conglomerate.Noel Tata wrote to Tata Sons’ company secretary Suprakash Mukhopadhyay…
