NEW DELHI: India co-sponsored a resolution in UN Security Council that condemned the “egregious” attacks by Iran against Gulf Cooperation Council countries and Jordan and demanded immediate cessation of all attacks by Tehran while denouncing its threats of closure of the Strait of Hormuz.The 15-nation Security Council, currently under the presidency of the US, adopted…
India on its part has said that the country’s energy security will drive purchase decisions. (AI image) Days after India and the US announced a trade deal, the government has reportedly urged refiners to consider picking up more crude oil from the US and even Venezuela. US President Donald Trump has removed the 25% tariffs…
A group of 18 bipartisan US House lawmakers is pushing the country’s tax agency to review its rules on crypto staking taxes before the start of 2026. In a letter sent to Internal Revenue Service acting commissioner Scott Bessent on Friday, the lawmakers, led by Republican Mike Carey, asked for a review and update guidance…
Silver prices have been on an uptrend since last year. In 2025 alone, silver prices rose 170% to Rs 235,700 per kg. In 2026, prices are already up another 35%, reaching around Rs 315,000 per kg. A core driver of this move is a persistent structural deficit in the global silver market. Why Silver Demand…
Uttarakhand said on Wednesday it had made services under its Uniform Civil Code (UCC) available in all 22 languages listed in the Eighth Schedule of the Constitution, in addition to English, with applicants also able to use AI-based assistance to understand the process and complete their registration.“The services under Uttarakhand’s Uniform Civil Code (UCC) are…
As the Middle East conflict continues to boil and oil continues to soar, consumers are growing concerned about the cost of petrol and diesel. State-run oil marketing companies have raised prices of premium petrol variants by more than Rs 2 per litre, while keeping retail rates of regular petrol and diesel unchanged. The hike affects…
US President Donald Trump on Friday ordered the unraveling of a $2.9 million computer chips deal that he concluded threatened US security interests if the current owner, HieFo Corp, remained in control of the technology. The executive order cast a spotlight on a business deal that drew scant attention when it was announced in May…
Federal Reserve Governor Christopher Waller on Friday expressed caution about current economic conditions but still sees the opportunity for interest rate cuts later this year. Previously an advocate for rate cuts, Waller said in a CNBC interview that recent developments in the labor market as well as the uncertainty of the war with Iran require…
NEW DELHI: Markets regulator Sebi on Sunday clarified that there is no change in the existing regulatory framework for short selling. The clarification comes after a media reported about changes in the short selling framework that would become applicable from December 22, 2025. “In this context, Sebi expressly clarifies that there is no change in…
MUMBAI: Increased opportunities to hedge foreign exchange risk and longer trading hours are at the heart of a proposed overhaul by RBI to liberalise access to currency markets.The draft framework broadens the different types of derivatives that banks (authorised dealers) may offer to individuals and firms, extending hedging tools for currency and interest-rate exposures. Trades…
