The Middle East conflict has entered its fourth week and the ripple effects are beginning to show up across major economies. Concerns are growing that any further escalation could disrupt energy flows and add pressure to an already fragile global outlook. The strain is not falling evenly on every country.Some nations are far more exposed…
NEW DELHI : Weight-loss therapy costs are set to reduce substantially by up to 90%, with generic versions of injectable semaglutide are expected to hit pharmacy shelves from March 21. The move kicks off one of the most closely watched price wars in the high-stakes obesity and diabetes drug market.This is in the wake of…
BENGALURU: Walmart-owned e-commerce firm Flipkart on Thursday said its group chief financial officer Sriram Venkataraman is quitting the firm as the company prepares for its next phase of growth and a potential public listing.Venkataraman will remain with the company for a period to ensure continuity and a smooth handover, Flipkart said. During this transition, Ravi…
MUMBAI: Net selling by foreign funds in the stock market is on track to break the all-time monthly record as rupee this month has been weakening to record lows at regular intervals and rising crude oil prices are threatening India’s macro fundamentals as the war in West Asia is continuing without any sign of de-escalation.So…
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,…
Border trade between India and China through the Lipulekh Pass in Uttarakhand’s Pithoragarh district will resume this year after remaining suspended for six years, officials said, according to PTI.District Magistrate Ashish Bhatgai said preparations have been initiated following directions from the Union government for the trade session, which typically runs between June and September. The…
Benchmark equity indices Sensex and Nifty pared most of their sharp intra-day gains but still ended nearly half a per cent higher on Friday, supported by strong buying in IT, PSU bank and metal stocks amid persistent concerns over fuel-driven inflation.In a volatile trading session, the 30-share BSE Sensex climbed 325.72 points, or 0.44 per…
India’s foreign exchange reserves declined by $7.052 billion to $709.759 billion in the week ended March 13, according to data released by the Reserve Bank of India (RBI) on Friday.In the preceding reporting week, the country’s overall reserves had dropped by $11.683 billion to $716.81 billion. The reserves had earlier touched an all-time high of…
The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained under…
Global crude prices edged lower on Friday after a continued surge, as statements from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu helped ease market concerns over further escalation in energy infrastructure attacks.Brent crude slipped toward $107 a barrel after its highest close since July 2022, while West Texas Intermediate (WTI) for May…