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MUMBAI: Dalal Street investors wilted again on Thursday as the war in West Asia continued with crude oil touching the three-digit dollar mark and the world’s energy agency warning that the worst oil crisis ever is almost upon us.The day’s session started on a weak note with the sensex down about 500 points. Thereafter, amid…
National Stock Exchange of India (NSE) has selected 20 bankers for its long-awaited initial public offering, the exchange said in a statement.The selected bankers include Kotak Mahindra Capital, JM Financial and Axis Capital, as well as the Indian units of Morgan Stanley, Citigroup, JPMorgan Chase & Co and HSBC Holdings. Eight law firms have also…
NEW DELHI: A day after the vote of no-confidence against him was rejected, Lok Sabha Speaker Om Birla resumed duty and asserted that he would stick to rules and not allow special treatment to any member, including leader of the opposition.“Some members believe that leader of the opposition may stand at any time and speak…
NEW DELHI: Days after a diktat by the maritime regulator against overcharging, shipping companies have started refunding additional charges to exporters.An industry executive said that some of the companies have started issuing credit notes to exporters for vessels that had reached their destination before the West Asia conflict broke out on Feb 28. “These were…
In her recent book ‘Having It All’ gender economist and associate professor of business economics and public policy at the Wharton School, University of Pennsylvania, Corinne Low talks about how women are caught in a ‘squeeze’ and what they must do to escape it.What made you write this book?I was caught in “the squeeze”- that…
With fears growing over the economic impact of surging oil costs, U.S. Treasury Secretary Scott Bessent said Thursday evening that the Trump administration is taking steps to promote stability and lower energy prices. “To increase the global reach of existing supply, the U.S. Treasury is providing a temporary authorization to permit countries to purchase Russian…
MUMBAI: The rupee hit a record low of 92.36 against the dollar on Thursday after attacks on oil tankers in the Strait of Hormuz pushed up crude prices, though the currency recovered to close at 92.19, down 15 paise from the previous session. It ended the session down 0.16%.Brent crude futures rose to a peak…
MUMBAI: A technical tweak in the way banks report fortnightly balance-sheet data may swell India’s credit numbers by more than Rs 2 lakh crore this year and lift measured loan growth by over a percentage point. The change concerns the date on which banks report credit and deposit figures to the RBI, a schedule that…
