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Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and support the rupee. This strategy aims to strengthen the currency amidst high oil prices and intense domestic deposit competition.
Brent to trade between $88 - $108 amid conflicting market forces: Analyst
For now, the oil market remains at a crossroads-pulled in opposite directions by forces that are both powerful and persistent, with no clear resolution in sight
Ruchit Jain of Motilal Oswal suggests Grasim, Bank of Maharashtra shares to buy for the short term
Indian equity benchmarks rose on Wednesday, driven by gains in FMCG, oil & gas, financial, and IT stocks, despite geopolitical tensions. The Nifty 50 increased by 0.5% and the BSE Sensex by 0.7%, indicating a strong market sentiment amidst consolidation and support at key levels.
Oil India Ltd slips for fifth straight session
Oil India Ltd is quoting at Rs 449.7, down 5.52% on the day as on 13:19 IST on the NSE. The stock tumbled 3.35% in last one year as compared to a 6.94% slide in NIFTY and a 7.63% spurt in the Nifty Energy index.
Oil & Natural Gas Corpn Ltd eases for fifth straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 254.8, down 1.62% on the day as on 13:19 IST on the NSE. The stock jumped 3.02% in last one year as compared to a 6.94% slide in NIFTY and a 7.63% spurt in the Nifty Energy index.
Silver ETFs slip up to 4%, gold ETFs 3% amid fall in precious metals
In the international market, Gold fell on Wednesday, as oil prices rose on renewed hostilities between the US and Iran, fuelling concerns about inflation and interest rate hikes.
Hindustan Oil Exploration temporarily halts gas sales from B-80 field
Hindustan Oil Exploration Company announced that Gas sales from B-80 field has been stopped for asset integrity related maintenance. These preventive and corrective measures are being carried out to ensure the continued safe, reliable, and efficient operation of the facilities, in line with applicable safety standards and operational best practices. Oil sales continue at lower rates.
Juniper Green Energy commissions 305 MWp of renewable capacity in Gujarat
Juniper Green Energy has expanded its presence in Gujarat by commissioning 305 MWp of renewable energy capacity for Gujarat Urja Vikas Nigam Ltd. The projects, located across Surendranagar, Aravalli, and Devbhumi Dwarka districts, include solar and wind power. This achievement highlights Juniper Green Energy's project execution skills and dedication to providing sustainable energy solutions for the state.
Kuwait Eyes New Pipelines To Export Crude As Hormuz Chokepoint Threatens Oil Flows
Kuwait's geographical position leaves it particularly vulnerable to the Hormuz disruption.
Rupee Gains On Falling Oil Prices Amid Hopes Of Narrowing India Deficit - Investing.com India
Rupee Gains On Falling Oil Prices Amid Hopes Of Narrowing India DeficitInvesting.com India
Aegis Logistics climbs after broker raises target price
Shares of Aegis Logistics rose 3.65% to Rs 811.35 on Wednesday after a foreign brokerage reiterated its 'Overweight' rating on the stock and raised its target price to Rs 1,150 from Rs 1,010.
Why is market rising? Sensex jumps 1,000 points in 2 days, Nifty crosses 23,400. 3 key factors behind the surge
Indian stock markets surged for a second consecutive session, with Sensex and Nifty crossing significant milestones. This resilience occurred despite escalating Iran-US tensions, as cooling oil prices and a fizzling AI rally in global markets provided support. Key sectors like FMCG and Private Banks led the gains.