Fresh US sanctions on Russia’s top oil firms over the Ukraine war are fueling supply worries, pushing crude futures towards a weekly gain. Chinese and Indian buyers are reportedly cutting Russian oil imports. However, OPEC’s spare capacity and upcoming US-China trade talks are tempering a one-sided rally, with analysts predicting price stability.Read More

Post ContentRead More

Indian exporters, particularly in IT and textiles, saw a significant surge on Thursday following reports of an impending India-US trade pact. This potential deal could drastically lower US tariffs on Indian goods, boosting export prospects.Read More

Indian stock markets closed higher for the sixth consecutive day. Gains were fueled by positive reports on trade negotiations between India and the US. Information Technology stocks saw a significant rise. While Reliance Industries shares declined, the overall market sentiment remained optimistic. Investors are awaiting concrete outcomes from the trade deal discussions.Read More

Hindustan Unilever anticipates a stronger second half of FY26, driven by easing inflation and stable consumer demand expected to boost volumes. Despite a flat volume growth in the September quarter, the company’s net profit rose 4%, aided by a one-off tax resolution.Read More

Indian refiners are preparing to significantly reduce imports of Russian oil. This comes after the United States imposed sanctions on major Russian oil exporters, Rosneft and Lukoil. The strict enforcement of these sanctions could disrupt global oil markets. This disruption may lead to a substantial reduction in Russian oil supply. Indian refiners and banks are...Read More

India’s central bank, the RBI, is examining delays in international money transfers reaching bank accounts. This review aims to speed up payments for people. India receives the most remittances globally. The RBI is also working with other countries to link payment systems for easier money transfers.Read More

Banking profits from treasury operations significantly declined in the September quarter, nearly halving due to rising bond yields and the absence of central bank support. This trend is expected to persist, impacting income for the current quarter as well. Major banks like HDFC and ICICI Bank witnessed substantial drops in their treasury gains.Read More

Nifty surged past 26,000, reclaiming the milestone after over a year, driven by strong global cues and optimism about a potential India-US trade agreement. Despite profit booking, analysts suggest positive global sentiment, foreign inflows, and strong earnings could sustain the upward momentum. The short-term trend remains intact, with potential to revisit higher levels.Read More

WazirX is set to resume operations after a 15-month hiatus following a $235 million cyberhack. The Singapore High Court approved a restructuring plan, promising users 85% of their balances by July 18, 2024, with the remainder over three years.Read More