A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding MUMBAI: A sharp collapse in capital market mobilisation pushed bank credit to the forefront of funding for the commercial sector in the first quarter of FY27, with non-food bank lending rising more than ten-fold and driving a surge in overall…
Oil prices surged to a two-month high on Wednesday amid growing fears of additional supply disruptions. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Wednesday, losing over 1% in intraday trade. Investors turned risk-averse amid the escalating US-Iran conflict, renewed tariff threats from US President Donald…
Experts say that if implemented, this could be one of the most significant expansions of India’s social security framework in recent decades. A Universal Provident Fund Scheme that includes workers in the unorganised sector, gig workers and the self-employed is in the works with an aim to provide retirement security to the population. In what…
India’s favourite summer delicacy has just crossed a new milestone. A 12.5-tonne shipment of Dashehari and Langra mangoes from Uttar Pradesh has reached Dubai by sea after a 25-day journey, with nearly 90% of the fruit remaining market-ready. The successful shipment could pave the way for cheaper and larger exports of Indian mangoes.The journey was…
Singapore’s state-owned investor Temasek is widening its scope of investments in India (representative image) MUMBAI: Singapore’s state-owned investor Temasek is widening its scope of investments in India, a market where it has been traditionally focused on consumer, financial services and healthcare spaces.The company will bet on areas such as industrials as the country sharpens its…
Trump’s 25% tariff hits Brazil: Trade tensions deepen as billions in exports at risk A new 25% US tariff on a range of Brazilian goods came into effect on Wednesday, escalating trade tensions between the United States and Brazil despite Washington maintaining a trade surplus with the South American nation.The new duties apply to products…
The US is putting generic medicines on the tariff map, with duties set to rise to as much as 200% in the coming years to boost local manufacturing. But will the cure soothe the pain for American consumers—or inflame it further? Dr Reddy’s Laboratories said that higher import duties will likely push up medicine prices….
US stock market today: With stock prices already trading close to record highs, companies are under pressure to at least meet the market’s elevated expectations. US stock market today: Shares of chipmakers and other companies that have benefited from the artificial intelligence boom retreated again on Wednesday, dragging Wall Street lower, while oil prices climbed…
BPCL reported its first quarterly loss in 15 quarters (file photo) State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported a consolidated net loss of Rs 3,962.13 crore for the April-June quarter of FY2026-27, its first quarterly loss in 15 quarters, as elevated crude oil prices and regulated fuel prices eroded marketing margins.The company had…
Pakistan continued to lean towards foreign funding in the last fiscal year, with total inflows touching around $27 billion. Saudi Arabia and China continued to roll over billions of dollars in loans, according to a provisional report by the ministry of economic affairs. In the previous fiscal year, the country had borrowed approximately $26 billion,…
