Mumbai, June 16: India may be on the brink of a landmark offshore oil discovery in the Andaman Sea that could rival the transformational find off Guyana’s coast, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said in an exclusive interview. The find, if confirmed, could significantly bolster India’s energy security and economic trajectory. In … Read more
Ever thought a personal loan could be as easy as browsing your phone?Picture this: you need funds for an urgent expense, or maybe you’re planning something exciting like a course or trip. The usual image that comes to mind is stepping into a bank, taking a day off, standing in long queues, handing over piles of … Read more
Mumbai-based Waterways Leisure Tourism, India’s only domestic ocean cruise operator, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO) worth Rs 727 crore. This IPO will be a fresh issue of shares, devoid of any offer-for-sale component. The company plans … Read more
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Billionaire Anil Agarwal-backed Vedanta Ltd stock price will be in focus this week as its board of directors will be considering the proposal of the first interim dividend for the financial year 2025-2026. Vedanta recently also announced its fundraising plan of up to Rs 5,000 crore ahead of its demerger programme, which is in the … Read more
New Delhi: India’s merchandise trade deficit narrowed to $21.88 billion in May from $26.42 billion in the previous month on the back of higher exports and a drop in imports, data released by the ministry of commerce and industry showed on Monday. Merchandise exports fell to $38.73 billion in May from $39.59 billion in the … Read more
The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade, including India’s exports, as it is expected to drive up both air and sea freight rates, exporters say. They said that India’s exports to Europe and counters like Russia may get impacted due to this war. If the conflict continues for long, the … Read more
Crude oil prices on the Multi Commodity Exchange of India (MCX) opened higher on Monday, extending its rally, as the heightened tensions in the Middle East due to intensifying Israel-Iran war increased concerns of disruption in oil exports. MCX crude oil prices opened higher at ₹6,343 per barrel as against its previous close of ₹6,285. … Read more
Benchmark stock indices Sensex and Nifty are in focus on June 16, Monday, as Iran has reportedly told mediators Oman and Qatar that it was not open to negotiating a ceasefire while under Israeli attack, saying it did not seek to engage the US to broker a ceasefire, Reuters reported, sending Brent crude oil prices … Read more
Adani Group’s Haifa Port in Israel remains fully operational despite a recent Iranian ballistic missile attack, the conglomerate confirmed. The strike, in response to Israeli actions on Iranian targets, did not damage the port, according to Jugeshinder Robbie Singh, Group CFO of Adani Group. According to reports shrapnel landed in the chemical terminal but caused … Read more