Rupee began the week on a weaker note, slipping 10 paise to 95.28 against the US dollar in early trade. The decline came as a stronger US dollar overseas and uncertainty over global developments kept market sentiment under pressure.Rupee opened at 95.25 against the US dollar in the interbank foreign exchange market on Monday before … Read more
AI generated image, used only for representational purpose Planning a bank visit? You might need to reschedule as banks across some parts of the country will remain closed on Monday. Knowing bank holidays in advance can help you to avoid an unnecessary trip, especially if you have time-sensitive branch work such as submitting documents, processing … Read more
Oil prices edged lower early on Monday after OPEC+ agreed to raise production targets again from August, while improving exports from the Gulf and higher Russian shipments fuelled expectations of increased global crude supplies.While Brent crude slipped 0.58% to $71.70 a barrel, WTI crude was down 0.36% at $68.44 a barrel around 7:30 am IST. … Read more
NEW DELHI: Chinese artificial intelligence startup Z.ai is emerging as a fresh challenger to OpenAI and Anthropic after its latest flagship model GLM-5.2 gained traction among developers for delivering advanced coding and AI agent capabilities at a significantly lower cost.The Beijing-based company’s latest model has climbed developer rankings and drawn praise from prominent AI figures, … Read more
NEW DELHI: Fresh uncertainty awaits India and several other countries, with the US Trade Representative moving ahead with just one of the two probes against American trading partners, as the deadline for phasing out the 10% additional tariff approaches.From Tuesday to Thursday, USTR will hold public hearings on the probe related to forced labour which … Read more
NEW DELHI: Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said.Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market … Read more
MUMBAI: Demand for soaps, shampoos, packaged food and other household supplies remained stable in the June quarter despite hike in prices amid a broader inflationary environment driven by the West Asia war, companies said in their quarterly updates.El Nino conditions and its bearing on monsoon rains could, however, weigh on rural consumption going ahead, firms … Read more
Despite the recent Middle East disruptions, India’s fertiliser supply has remained largely on track, with most shipments crossing the Strait of Hormuz safely and domestic production exceeding targets, according to the ministry of chemicals and fertilisers.The ministry said that out of 20 vessels carrying fertilisers and raw materials for India, 15 have successfully crossed the … Read more
The ministry of petroleum and natural gas (MoPNG) on Sunday dismissed reports claiming that Bhutan had refused to import India’s E20 petrol, stating that no such offer had ever been made by the country’s oil marketing companies (OMCs). Calling the claims incorrect, the ministry said there is no proposal to export E20 petrol to Bhutan.In … Read more
The United States may continue to lead the global economy, but its growing debt burden has emerged as the biggest risk to its economic pillar. According to a Deutsche Bank Research Institute report, America’s debt burden has emerged as the biggest threat to its long-term economic leadership, with mounting deficits and rising borrowing costs gradually … Read more