New Delhi: Using the one-month window provided by a temporary US sanctions waiver, Indian refiners purchased Iranian oil and settled payments in Chinese yuan, people aware of the development said on Friday. Iran insists on payment in Chinese yuan for oil to bypass US-led financial sanctions that restrict its access to the dollar-dominated global banking…
MUMBAI: Vijay Singh, a former Indian defence secretary whose eligibility as a trustee has come under legal challenge, absented himself from the board meeting of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution on Friday, the latest sign of an intensifying governance dispute within India’s most powerful philanthropic network.The challenge was brought by Mehli Mistry,…
Bitcoin BTC$77,133.96 is testing $76,000 for a third day, trading at $75,440 as bullish traders continue to chip away at $450 million of sell orders between $75,900 and $76,300, CoinGlass data shows. The orders will be placed by traders who are either attempting to short the range-high in expectation of a reversion to around $68,000,…
Kolkata: Just 72 hours to go from Saturday to Supreme Court’s deadline for adding voters cleared by SIR tribunals, and Election Commission has yet to publish the name of a single person whose voting right has been reinstated and who can participate in the first phase of the Bengal assembly polls on April 23. More…
NEW DELHI: India’s smartphones market has opened 2026 on a weak note, recording its slowest start in six years as shipments slipped 3% year-on-year in the March quarter, according to Counterpoint Research. The decline may appear modest, but the underlying pressures suggest a more persistent demand slowdown.As per the report, smartphones are getting pricier, and…
Mumbai: The rupee regained 92 levels and closed at 92.93, 27 paise stronger then its previous close. The gains followed reports that the RBI has asked oil companies to not purchase dollars from the open market but to rely on a line of credit provided through SBI.Such a move would remove one of the major…
NEW DELHI: Indian oil companies, fertiliser importers and exporters are cheering the opening of the Strait of Hormuz for global commercial vessels.There are 41 India-bound ships, both Indian and foreign-flagged, loaded with cargo, including crude, LPG, LNG and fertiliser, that are waiting to cross the narrow channel, where Iran has blocked normal movement since Feb…
New Delhi: Aiming to eliminate bulk transportation of liquefied petroleum gas (LPG) through roads by 2030, the Petroleum and Natural Gas Regulatory Board (PNGRB) has initiated the bidding process for new pipeline infrastructure connecting refineries, import terminals and bottling plants. The regulator Friday said that the proposed pipelines are designed to connect key supply sources,…
NEW DELHI: A united opposition on Friday spurned PM Narendra Modi’s last-minute appeal for a “conscience vote” and home minister Amit Shah‘s offer to write into the women’s reservation bill that Lok Sabha seats in all states will go up by 50% to inflict on govt its first legislative defeat in 12 years, with the…
Crypto exchange Kraken’s parent company has agreed to acquire digital asset derivatives platform Bitnomial for up to $550 million, in a cash-and-stock transaction that values the firm at $20 billion, Payward said in a press release exclusively shared with CoinDesk. Bitnomial, founded over a decade ago, is the first crypto-native platform to secure all three…
