File photo: A man walks past the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai (Picture credit: Reuters) The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday to protect the rupee from pressure caused by elevated oil prices and sustained corporate demand for dollars, four traders told…
Wars are now hitting more than 43% of the world’s oil supply More than 43% of the world’s oil now comes from countries caught in wars, attacks and export curbs. Countries hit by the disruptions produced about 45 million barrels of oil a day in 2025, according to Reuters calculations based on IEA data.The figure,…
Will Venezuela, which has suddenly made its way to the list of India’s top crude suppliers be able to step up? The turmoil in global crude oil markets that began in March refuses to die down. Even as the US looks to tighten its noose on Iran with economic blows, a new bill empowering the…
Sugar prices cool 18% after hitting record high Sugar prices are cooling down after hitting a record Rs 67 per kg last week, with ex-mill rates now falling 18% to Rs 55 per kg.Food secretary Sanjeev Chopra attributed the drop to the government’s recent decision of allowing sugar imports and action against hoarding and speculation….
Part of the concern is that blacklisting Chinese companies could trigger another economic confrontation between Washington and Beijing. (Reuters file photo) The Donald Trump administration’s road to economically choke Iran will have to go through China – if it wants to cripple the Middle East country. However, with a fragile trade peace in place between…
Union Minister Ram Mohan Naidu during the groundbreaking ceremony of Federal Express Corporation’s (FedEx) integrated air cargo hub, in New Delhi Federal Express Corporation (FedEx) plans to invest around $150 million (over Rs 1,400 crore) to develop an integrated air cargo hub spread across 2.3 lakh square feet at Delhi’s Indira Gandhi International Airport (IGIA).The…
Employers have already spent the past year grappling with the prospect of a $100,000 H-1B payment. H-1B visas, one of the popular talent entry routes into the US for Indians, will soon come at an over 6-digit figure cost. The Donald Trump administration on Monday issued a proposed regulation that would make permanent an unprecedented…
Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday. Bitcoin crossed $80,000 for the first time since mid-May on Tuesday, extending its recent rally as a weaker US dollar and expectations of a more supportive policy environment boosted demand for cryptocurrencies.The world’s largest cryptocurrency climbed as high as $81,237.94 in Asian…
Rupee slips to 95.74 against US dollar Rupee remained largely range-bound on Tuesday, but weakened 4 paise to 95.74 against the US dollar in early trade, as higher crude prices and dollar demand from importers put pressure on the currency.The currency opened at 95.74 at the interbank foreign exchange market, compared with Monday’s close of…
File photo: Vice President JD Vance (Picture credit: AP) US Vice President JD Vance has backed the Trump administration’s proposal to impose a new $103,265 fee on most new H-1B visa petitions, saying American companies should prioritise hiring and training US workers.Vance shared a US media report on the proposal on X and wrote, “If…
