According to the RBI’s monthly bulletin released on Monday, the central bank purchased $16.225 billion and sold $25.169 billion in the spot market during April, resulting in a net sale of $8.944 billion. The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking … Read more
Which are top 10 gainers and losers on NSE & BSE today? Benchmark equity indices bounced back on Monday, with the Sensex rising 291 points and the Nifty reclaiming the 24,100 mark, supported by falling crude oil prices, fresh foreign fund inflows and optimism surrounding diplomatic progress in US-Iran negotiations.The 30-share BSE Sensex gained 291.17 … Read more
The Index of Eight Core Industries (ICI), which tracks coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, grew 0.5% in May on a year-on-year basis. The eight sectors account for 40.27% of the weight of the Index of Industrial Production (IIP). India’s infrastructure sector growth slowed to 0.5% in May from … Read more
India has imposed anti-dumping duties for five years on imports of a chemical used in the rubber and tyre industry from China, the European Union and the United States, following findings that the product was being shipped into the country at unfairly low prices, causing injury to domestic manufacturers.The move follows recommendations by the Directorate … Read more
India is particularly focused on securing tariff terms that would place its exporters in a stronger position than competitors in the region. (AI image) India-US trade deal: With US Trade Representative Jamieson Greer travelling to India for talks, India is looking to score a competitive advantage over regional peers for the trade deal. The United … Read more
Presenting the budget in the assembly, finance minister Swapan Dasgupta said the government had inherited a debt burden of Rs 8.15 lakh crore but would focus on restoring fiscal discipline while continuing welfare programmes. The BJP government in West Bengal unveiled its first budget on Monday, combining welfare spending with employment promises as it announced … Read more
India’s state-owned refiners have already lined up sufficient crude supplies for roughly two months. (AI image) US-Iran war: India, importing around 90% of its crude needs, is stocking up on oil even as hopes of the Strait of Hormuz reopening completely stay. India has diversified its crude oil procurement, and stepped up imports in a … Read more
The additional tax exposure can be significant where the employee has received taxable retirement benefits. (AI image) ITR filing: Salaried taxpayers who switched jobs need to be careful while filing their income tax returns. Switching jobs changes tax calculations at both companies – one that you are leaving, and the other that you are joining. … Read more
Oil prices slip. Photo credit: Reuters Oil prices fell on Monday after US-Iran talks in Switzerland concluded with Tehran saying it had secured waivers for oil and petrochemical exports, easing concerns over potential supply disruptions in global energy markets.Brent crude futures were down $1.53, or 1.90 per cent, at $79.04 per barrel. Prices had earlier … Read more
Top stocks to buy today (AI image) Stock market recommendations: Motilal Oswal Wealth Management Research Desk has picked State Bank of India (SBI), and Bharat Electronics as the top stocks to buy for the week starting June 22, 2026. Target prices and upside targets have been given: Name CMP TP Upside SBI 1043 1300 25% … Read more