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Ongoing crisis in the Middle East has strained global energy supplies, but availability within the country continues to remain steady, the government has assured. Addressing a ministerial briefing, Aparna Sharma, additional secretary in the department of fertilizers, said, “The fertiliser availability remains robust, and the supplies continue to exceed the requirement. The department of fertilizers…

Bengaluru: Amid lacklustre performance, Wipro approved its sixth-and largest-share buyback to date, worth Rs 15,000 crore at Rs 250 per share. Founder Azim Premji and the promoter group are set to participate in the buyback.As part of its capital allocation strategy, the board proposed buying back up to 60 crore equity shares of face value…

Foreign Institutional Investors (FIIs) are set to mark their biggest-ever exit from Indian stocks in 2025. They have pulled out Rs 1,58,407 crore, making it the largest withdrawal since they started investing in India. This record outflow combines Rs 2,31,990 crore in stock market sales and Rs 73,583 crore in primary market investments up to…

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US stock markets traded slightly higher on Friday after a mixed US jobs report tempered expectations of an early interest rate cut by the Federal Reserve, without fully closing the door on easing later this year, according to an AP report.In early trading, the S&P 500 rose 0.2% and hovered near its all-time high set…

The Delhi government has introduced new conditions for the supply of commercial LPG cylinders, making eligibility contingent on steps taken towards adopting piped natural gas (PNG) in areas where the network is available. The changes were notified through an order issued by the Food, Supplies and Consumer Affairs Department, which amends a provision of the…

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NEW DELHI: Moody’s Ratings has slashed India’s economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks.In its credit opinion report on India, Moody’s said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term…