US wholesale inflation accelerated sharply in April, with producer prices recording their biggest annual increase since December 2022 as the 10-week Iran war pushed up energy costs and added pressure on companies to raise prices for consumers, AP reported.The US Labor Department said on Wednesday that its producer price index (PPI), which measures inflation before … Read more
Commercial vehicle maker Tata Motors Ltd on Wednesday reported a 33.8 per cent rise in consolidated net profit at Rs 1,793 crore for the fourth quarter ended March 31, 2026, driven by strong volume growth.The company had posted a consolidated net profit of Rs 1,340 crore in the corresponding quarter of the previous financial year, … Read more
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved higher minimum support prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, with sunflower seed, cotton, nigerseed and sesamum receiving the steepest increases.The government said the revised MSPs are aimed at ensuring remunerative prices for farmers while continuing its policy of fixing support … Read more
The proposed rail line is expected to improve connectivity between Ahmedabad and Dholera Special Investment Region. (AI image) Trains at the speed of 220 kmph may soon run on Indian Railways with the Cabinet Committee on Economic Affairs, led by PM Narendra Modi, approving a new railway line. The CCEA gave its go ahead for … Read more
The Union Cabinet has approved a Rs 37,500 crore scheme to promote coal and lignite gasification projects, Union minister Ashwini Vaishnaw on Wednesday said, positioning the initiative as a major step towards cleaner coal utilisation, energy security and import substitution.The scheme aims to accelerate the conversion of coal and lignite into synthesis gas, or syngas, … Read more
The rupee slipped to a fresh all-time low against the US dollar on Wednesday, extending its recent losing streak as rising oil prices, overseas debt repayments and importer demand for hedging continued to weigh on the currency.The rupee weakened 0.1% to 95.7450 per dollar, moving past its previous record low of 95.7375 touched on Tuesday.Analysts … Read more
Since the outbreak of the Iran conflict, India’s forex reserves have declined by nearly $38 billion, marking the steepest drop among regional economies. India has among the world’s largest foreign exchange reserves, and they are still robust enough to defend the rupee from its free fall during the ongoing depreciation phase due to the Middle … Read more
According to S&P Global, fears regarding net foreign investment outflows have been “somewhat overstated”. (AI image) India is handling global financial headwinds more effectively than the headline figures indicate, and concerns surrounding foreign capital outflows may be exaggerated, according to S&P Global Ratings.The observations come at a time when the Iran conflict has triggered an … Read more
By raising duties, the government aims to curb excessive bullion imports, reduce dollar outflows and manage pressure on the current account deficit. (AI image) Gold price prediction today: Gold and silver prices are rallying in the domestic market due to the sudden hike in import duties. In the coming days they are expected to align … Read more
Asian markets traded mixed on Wednesday as fading momentum in artificial intelligence-linked stocks, elevated oil prices and concerns over persistent inflation kept investors cautious.Japan’s Nikkei 225 edged up less than 0.1% to 62,774.94, while South Korea’s Kospi gained 0.9% to 7,708.05 after recovering some recent losses.Australia’s S&P/ASX 200 slipped 0.3% to 8,645.80.Hong Kong’s Hang Seng … Read more