Oil prices fell on Friday, but remained on course for a third consecutive weekly rise, after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict. Brent crude futures fell $1.89, or 2.4%, to $76.96 a barrel by 1000 GMT. They were still set to gain nearly 4% on the week.U.S. West
State Bank of India (SBI) has reduced its savings bank account interest rate to 2.5% for all account balances, effective June 15. This change follows a 50 basis point reduction in the repo rate by the Reserve Bank of India (RBI) last week. Last time SBI cut savings bank rates was on October 15, 2022
In a bid to safeguard rare earth supplies for domestic needs amid growing crisis as a result of the Chinese supply curbs, India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan. Given the global uncertainty, the focus has shifted on IREL in the Indian context. Let’s take
Indian equity markets surged in Monday’s session, shrugging off the tension between Israel and Iran. The markets started the session on a flat note, but later picked up the pace. The Nifty 50 closed the session 228 points or 0.92% higher at 24,947, the Sensex advanced 678 points or 0.84% to end at 81,796. The
The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to reports, the Group of Ministers (GoM) constituted on insurance matters may recommend full GST exemption on life insurance and health insurance policies of senior citizens, reiterating its previous recommendations. Ahead
Capri Global Capital has raised about Rs 2000 crore through Qualified Institutions Placement. In an exchange filing, the company said that it has allotted 13,65,18,770 equity shares to Qualified Institutional Buyers. The company allotted the equity shares at an issue price of Rs 146.50 per equity share, including a premium of Rs 145.50 per equity
Indian equity markets slumped in Friday’s session after tension between Israel and Iran heated up. The markets started the session on a gap-down and continued the sell-off. However, not much relief, but markets recovered some lost ground before closing in the red. The Nifty 50 closed the session 170 points or 0.68% lower at 24,718.60
The global uncertainty and geopolitical tension including the Operation Sindoor has led to significant investor caution across the mutual fund industry. The inflows to equity funds dropped sharply in May to Rs 19,013 crore — the lowest level since April 2024 — according to data released by the Association of Mutual Funds in India (AMFI). Additionally
ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. So, the answer is ‘yes’, it is legally possible since many taxpayers live on rent and also pay
In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total Gas outlets will offer Jio BP’s petrol and diesel at their outlets, Jio BP will integrate Adani Total
Indian equity markets ended higher in Wednesday’s session on a higher note, near day’s high, as the geopolitical tension between Iran and Israel eased. The Nifty 50 closed the session 200 points or 0.80% higher at 25,244, the Sensex rose 700 points or 0.85% to end at 82,755. In line with the overall bullish market
In the wake of RBI repo rate cuts in the last around 6 months, the affordability of homes for buyers has improved across eight major cities in the country in the first half of this year, according to a report. According to Knight Frank India’s latest Affordability Index for H1 2025, housing affordability has improved
Danish pharma giant Novo Nordisk is preparing for a major push in India with its blockbuster weight-loss drug Wegovy (semaglutide), according to a report by The Economic Times. The company is targeting sales of $1 billion (around Rs 8,600 crore) in the next five -seven years. The Economic Times, citing sources, reports that a pan-India
