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Nearly 12 ships carrying fertiliser cross Strait of Hormuz
Around 10-12 of the 16 fertiliser cargo vessels stranded near the Strait of Hormuz crossed the waterway before Iran claimed to have shut it again on Saturday following Israeli attacks on southern Lebanon, traders said, raising hopes of a decline in prices with the increased supply. Global urea price...
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Beyond West Asia conflict: India's oil imports back on track, boosted by record Russian shipments
Normalcy returned to India’s crude oil imports in June, boosted by record Russian shipments, recovering from a few months of disruptions that saw an unlikely mix of suppliers spanning Angola, Brazil, Iran and Venezuela moving to cushion the impact of logistical bottlenecks due to closure of the Stra...
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Monsoon Jitters: Will El Niño really derail India’s economy?
India is facing one of its most difficult monsoon seasons in more than a decade. A brutal heatwave has already strained farms, power grids and patience nationwide. Now the India Meteorological Department (IMD) has confirmed what markets had been dreading: an El Niño is taking shape over the Pacific....
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Despite global headwinds, India’s merchandise exports rise 15% from April to mid-June: Goyal
India’s merchandise exports rose by about 15% during April-June 14 this year, Commerce and Industry Minister Piyush Goyal said on Sunday, signalling that outbound shipments have so far held up despite a difficult global trade environment.
The full trade numbers for June will be released by the Co...
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Power below Rs 1/unit fuels industrial shift to exchanges as procurement volumes jump 50%
Spot electricity prices on power exchanges fell below ?1 per unit during solar hours on nearly 25% of the days in FY26, with prices touching near-zero levels across multiple time blocks, triggering a sharp shift in industrial power procurement and pushing participation by open-access consumers up by...
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India’s Russian oil imports hit record high as US waiver expires; Moscow supplies over 50% of crude needs
India’s oil imports from Russia are on track to hit a new record in June, as refiners continue to rely heavily on discounted Russian crude after supply disruptions in West Asia caused by the regional conflict.
According to preliminary vessel-tracking data from commodity analytics firm Kpler, Ind...
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Monsoon Tracker: Deficit widens to 42%, Kharif sowing delayed; farmers plan shift to short-duration crops
Prospects of delayed kharif crop sowing and adverse impact on crop yield are looming large, as the southwest monsoon lost momentum after its onset earlier this month.
Farmers in the rainfed regions of central India—especially Maharashtra (-82%), Jharkhand (-69%), Chhattisgarh (-67%), Madhya Prade...
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Global Economy |
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Market & Finance |
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Why global banks are chasing India's Rs 1.53 lakh crore asset-backed securities boom
India's asset-backed securities market has surged to a record as global banks ramp up purchases to gain exposure to one of the world's fastest-growing major economies.
Foreign banks' share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fi...
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PhonePe wallet inactivity fees do not affect bank accounts or UPI transactions
Inactivity fees on dormant PhonePe wallets do not affect users' linked bank accounts or UPI transactions, according to clarifications issued by the company after notifications sent to some customers triggered confusion over how digital wallets operate.
The notifications apply only to the PhonePe ...
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FPIs temper selling but derivatives bets still signal caution
Foreign investors' derivatives bets continue to signal caution on Indian equities despite a slowdown in their cash-market selling, as uncertainty around the fragile US-Iran peace deal, a weak rupee and more attractive opportunities in other Asian markets keep sentiment subdued.
The Nifty gained 1...
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Source - Yahoo India Finance @ 03:06 |
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Reliance Jio eyes India's own satellite broadband network
Reliance Jio is evaluating the development of a sovereign low Earth orbit (LEO) satellite constellation for India as it looks to expand connectivity to remote parts of the country, Reliance Jio Chairman Akash Ambani said at Reliance Industries' 49th annual general meeting on Friday.
"Jio is evalu...
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Reliance's media biz clocks Rs 34,917 cr revenue in FY26; JioHotstar cross 1 billion downloads
The media and entertainment business of Reliance Industries posted a revenue of Rs 34,917 crore in FY26, with JioHotstar emerging as the country's largest digital streaming platform, and becoming the first Indian paid OTT service to cross one billion downloads, said Akash Ambani on Friday.
Addres...
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Ambuja Cements ties up with UK's Leilac for commercial-scale low-carbon cement project
Ambuja Cements, the Adani Group-owned cement maker, has partnered with UK-based clean technology company Leilac Limited to develop a commercial-scale low-carbon cement production pathway at its Sanghipuram plant in Gujarat's Kutch district, marking a significant step in the company's decarbonisation...
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From buses to trucks, Tata Motors lands 3,400 EV orders across segments
Tata Motors on Sunday said it has secured orders for more than 3,400 electric commercial vehicles (eCVs) across multiple segments, signalling a sharp acceleration in the adoption of zero-emission mobility solutions by businesses and public transport operators in India.
The country's largest comme...
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