Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disruptions linked to the ongoing West Asia conflict.The South American nation supplied around 417,000 barrels per day (bpd) to India this month, sharply higher than … Read more
The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the currency strengthen past the 96-per-dollar mark, according to bankers cited by Reuters.The rupee rose 0.64 per cent to close at 96.20 against the US … Read more
Global crude oil prices could surge to as high as $200 per barrel in a worst-case scenario if the Strait of Hormuz remains closed through the end of 2026, according to a report.As per a report by Wood Mackenzie, a prolonged disruption in the strategic waterway could trigger a severe global energy and economic crisis.The … Read more
File photo (Picture credit: AP) Asian markets traded higher on Friday as investor sentiment improved on hopes of progress in US-Iran peace talks, although rising oil prices and continued uncertainty over the Strait of Hormuz kept inflation concerns in focus.Tokyo led regional gains, with Japan’s Nikkei 225 surging more than 2 per cent. Taiwan’s market … Read more
Top stocks to buy (AI image) Stock market recommendations: Bajaj Broking Research has chosen Garden Reach Shipbuilders & Engineers (GRSE), NBCC as the top stocks to buy on May 22, 2026:Garden Reach Shipbuilders & Engineers (GRSE)Buy in the range of ₹ 2640-2700 Target Return Stoploss Time Period ₹ 2918 9% 2520 6 Months The stock … Read more
Oil prices climbed on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing US-Iran peace negotiations, while concerns over supply disruptions through the Strait of Hormuz continued to support the market.Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, while US West Texas Intermediate … Read more
NEW DELHI: The first ever index of services production (ISP) is set to be released around July, complementing the new index of industrial production (IIP) series, which will come out on June 1 with the revised base year 2022-23. This new index, which has been in making for several years, will help assess the shortterm … Read more
The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported.The average rate on a 30-year fixed mortgage rose to 6.51 per cent from 6.36 per cent last week, according to … Read more
Market regulator Sebi on Thursday proposed changes to the price discovery mechanism through call auction sessions for IPOs and re-listed stocks, seeking to improve price discovery and address concerns around artificially suppressed pricing, PTI reported.In a consultation paper, Sebi suggested revising the methodology used for determining the base price of re-listed stocks.Under the proposal, if … Read more
US stock markets moved lower on Thursday extending recent losses as a rebound in oil prices and rising Treasury yields renewed pressure on equities despite another strong earnings performance from Nvidia, AP reported.The S&P 500 slipped 0.4 per cent and was on course for a fourth decline in five sessions after recently touching a record … Read more