Business

OPEC+ announced on Sunday that seven member nations would increase their combined production targets. (AI image) Oil price today: Crude oil prices on Monday edged down after US President Donald Trump announced that Washington would take steps to assist vessels stranded in the Strait of Hormuz. Still, crude remained firmly above the $100-a-barrel mark as … Read more

Top stocks to buy (AI image) Stock market recommendations: Granules, and UltraTech Cement have been picked as the top stock recommendations from the week starting May 4, 2026 by Motilal Oswal Wealth Management Research Desk. Let’s take a look: Name CMP TP Upside Granules 701 820 17% UltraTech Cement 11597 13800 19% GranulesGranules India reported … Read more

In the futures market, gold speculators increased their net long positions by 3,924 contracts to 91,574 in the week ended April 28. Among other precious metals, spot silver rose 0.1 per cent to $75.38 an ounce, platinum advanced 0.2 per cent to $1,991.85, while palladium declined 0.3 per cent to $1,519.66 an ounce.

BENGALURU: With many employees seeing a moderate dip in net take-home salaries in their latest payslips, companies are issuing explainers to help them understand the impact of the new labour codes.The reduction is largely due to changes in salary composition. Employee provident fund (PF) contributions have increased, as they are now calculated as 12% of … Read more

NEW DELHI: The race for the Maharaja’s crown of thorns — Air India CEO’s position — has entered its final stage with the selection narrowing down to four names, including AI chief commercial officer Nipun Aggarwal, erstwhile Vistara CEO Vinod Kannan, who is now senior vice president at Singapore Airlines (SIA), and two expatriates.The airline’s … Read more

Morgan Stanley maintained its overweight rating on Bajaj Finance with the target price at Rs 1,120 against Rs 1,090 earlier. Analysts said the NBFC major’s adjusted profit before tax for the Jan-March quarter (Q4FY26) was up 26% on the year (YoY) and was ahead of estimates. The company’s credit costs improved sharply with lower bad … Read more

New Delhi: Residential buildings under 24 metres in height — a category that includes a large number multi-storey homes, such as the ill-fated one in Delhi’s Vivek Vihar — will fall outside the scope of “fire and life safety” provisions under the newly notified National Building Construction Standards (NBCS), which replaced the National Building Code … Read more

US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as … Read more

A liquefied petroleum gas (LPG) tanker carrying cargo for India has crossed the Strait of Hormuz and is now sailing towards the country, offering some relief to supplies disrupted by the Middle East conflict, PTI reported.An official statement said the Marshall Islands-flagged vessel MT Sarv Shakti, carrying 46,313 tonnes of LPG, cleared the strategic chokepoint … Read more

For many Americans worried about rising prices, one of the biggest pressures on household budgets may not be immediately obvious. Beyond grocery aisles and holiday bookings, the declining value of the US dollar is quietly making everyday life more expensive. Since Donald Trump’s return to the White House as the president, dollar has dropped around … Read more