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Explained — Why oil prices are still rising despite IEA decision on emergency reserves
Analysts believe that the IEA decision does not do much to address the other problems that the global economy would face. Most of the refined products, including Jet fuel, still flow through the Strait of Hormuz, where tanker traffic has all but halted, as acknowledged by Birol as well.
All 29 analysts covering this stock have a 'buy' rating on it and JPMorgan joins the list
JPMorgan said India's life insurance sector is turning the corner with GST exemption driving a strong uptick in retail protection.
RBI aligns capital rules of banks with global norms
The Reserve Bank of India has updated bank capital rules, aligning them with global standards and clarifying how lenders assess trading partner default risk. New guidelines require banks to include trading-partner exposures from all consolidated entities. Updated 'add-on' percentages for off-balance-sheet trades like derivatives are now in effect, impacting capital requirements for clearing members on exchanges.
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...
Sufficient fertilisers now, but problems may arise if West Asia conflict prolongs: Official
India currently possesses adequate fertilizer supplies. However, a prolonged conflict in West Asia may disrupt future crop seasons. Fertilisers and Chemicals Travancore Limited (FACT) assures farmers of continued supply. The company holds substantial raw material reserves. FACT is committed to meeting all agricultural needs. This ensures uninterrupted fertilizer availability for upcoming seasons.
US services activity expands most since 2022 on demand
The Institute for Supply Management’s services index rose 2.3 points to 56.1, the group said on Wednesday (March 4). Readings above 50 indicate expansion, and the figure exceeded all projections in a Bloomberg survey of economists.
IRDAI proposes Ind AS adoption for insurance sector from April 2026
IRDAI has proposed mandatory adoption of Indian Accounting Standards (Ind AS) for all insurers by April 1, 2026. This move aligns India's insurance sector with global IFRS standards, introducing market-consistent liability valuation and expected credit loss methodology. Insurers have been preparing for this transition since 2022, with most major players already submitting proforma financial statements.
Indices slide sharply amid Iran war jitters and crude price spike
The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.
Swiggy share price gains 4% despite stock market crash, snaps 8-day losing streak
Swiggy shares rebounded on March 4, rising 4% to ₹300.20 after hitting an all-time low of ₹280. The shares have fallen 22% over the last two months, including a 20% decline in January, followed by a further 2.6% drop in February.
Times Group MD Vineet Jain receives 'Lifetime Contribution to Media' award
Vineet Jain, managing director of The Times Group, received the 'Lifetime Contribution to Media' award from the All India Management Association. Union education minister Dharmendra Pradhan presented the honour in New Delhi. The award recognizes Jain's significant impact on the media industry.
Praveg receives tourism infrastructure project from Govt. of Meghalaya
The project involves the development, operation and maintenance of a minimum of 40 (forty) luxury cottages on 10 (ten) acres of land, along with all ancillary amenities and facilities. The project has been awarded with a concession period of 30 (thirty) years.
LIVE: Trump Says Iran War Deal Near | Oil at $95 | RBI Policy Today | Opening Bell
Trump says the US is in final negotiations to end the Iran conflict and would be "honoured" to meet Iran's Supreme Leader Khamenei. Oil prices ease, Wall Street hits fresh highs, Broadcom tumbles after earnings, and all eyes turn to the RBI policy decision. Catch all the key global and domestic market cues on Opening Bell. Catch Surabhi Upadhyay in conversation with Market Experts.