Rupee began its last trading session of the week in red, falling 45 paise against the US dollar to 94.67 in early trade as rising crude oil prices and fresh tensions around the Strait of Hormuz dragged down market sentiment. Opening at 94.58 in the interbank foreign exchange market, the domestic currency slipped further as…
Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when prices had fallen on hopes of a diplomatic breakthrough between the two nations and the possible reopening of the Strait of Hormuz.West Texas Intermediate…
Top stocks to buy (AI image) Stock market recommendations: NLC India, and Sammaan Capital have been chosen by Bajaj Broking Research as the top stocks to buy on May 8, 2026, with a 1-month target horizon.NLC IndiaBuy in the range of ₹ 322.00-330.00 Target Return STOPLOSS Time Period ₹ 358 10% 299 1 Month The…
Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…
NEW DELHI: Petrol and diesel prices remained unchanged across major cities in India on Thursday, even as global crude oil prices continued to rise amid geopolitical uncertainty in West Asia.Government sources, however, have not ruled out a possible fuel price hike in the near future as oil marketing companies continue to face mounting losses due…
SBI employees’ strike: Employees of State Bank of India (SBI), the country’s largest public sector lender, have announced a two-day nationwide strike on May 25 and 26, raising concerns over staffing shortages, outsourcing, pension-related issues and working conditions, according to an ET report.The strike has been called by the All India State Bank of India…
Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…
NEW DELHI: The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could benefit nearly 1.1 crore MSME accounts by providing additional credit support to businesses affected by the ongoing West Asia conflict, according to a report by the State Bank of India (SBI).The Union Cabinet on Tuesday approved ECLGS 5.0 to offer extra working…
US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points,…
Bengaluru: Meesho’s total income rose 44.4% year-on-year to Rs 3,646.9 crore in the March quarter, while the ecommerce company continued to narrow losses and scale its artificial intelligence-led operations across engineering, logistics and advertising monetisation.The SoftBank-backed company reported a loss for the period of Rs 160 crore in Q4 FY26, compared with a loss of…
Oil prices moved higher by nearly $1 in early Thursday trading, recovering part of the steep decline recorded in the previous session, as markets continued to assess whether efforts toward a Middle East peace agreement would ultimately succeed. By 0032 GMT, Brent crude futures had climbed 88 cents, or 0.9%, to $102.15 a barrel, while…
Gold and silver prices moved higher on Wednesday as optimism around easing tensions in West Asia improved sentiment in the precious metals market.On the Multi Commodity Exchange (MCX), gold futures climbed 1.32 per cent to ₹1,51,726 per 10 grams, while silver futures gained 2.62 per cent to reach ₹2,50,724 per kilogram. Market experts said the…
