Petrol and diesel prices across the country registered another increase on Tuesday, rising by around 90 paise per litre. This marks the second hike in fuel rates in less than a week.Diesel prices have gone up by 91 paise per litre, while petrol has become costlier by 87 paise per litre. The latest revision follows…
MUMBAI: The legal cases that the Adani Group and its various top officials, including Gautam Adani, the group’s chairman, were facing in the US came to an end on Monday.Adani Enterprises (AEL), the flagship of the Ahmedabad-based Adani Group has paid $275 million (about Rs 2,650 crore at Monday’s exchange rate) to settle a case…
BENGALURU: Cognizant has said its board approved a $2 billion increase to its existing share repurchase programme and raised its 2026 share buyback target to $2 billion, up from the earlier target of $1 billion. The additional $1 billion in buybacks is expected to be completed during the Sept quarter of 2026.The announcement pushed Cognizant’s…
Bhubaneswar: SEBI chairman Tuhin Kanta Pandey on Monday said volatility triggered by the ongoing West Asia crisis remains within manageable limits for Indian markets, which he described as “resilient”.“The sooner the crisis is resolved, the better for the rest of the world. However, I can say that Indian markets have remained quite resilient. Volatility has…
NEW DELHI: Indian Oil Corporation, the country’s largest oil marketing company, Monday said that its net profit soared 2.8 times to Rs 36,802 crore during the last financial year, compared with Rs 12,962 crore a year ago, partly driven by inventory gains.During the Jan-March quarter, IndiaOil’s net profit jumped over 1.5 times to Rs 11,378…
MUMBAI: Foreign fund buying helped sensex settle marginally higher on Monday, despite crude oil prices continuing the recent uptrend and rupee hitting a new record low against the dollar. Some short covering during the closing hours of the day’s session also helped the up move on Dalal Street, market players said.With fresh tensions brewing between…
In a significant relief for Gautam Adani, the US Justice Department has withdrawn criminal charges and closed the securities and wire fraud against the billionaire businessman, according to a court filing cited by PTI.“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these…
With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier…
US-Iran conflict impact: The global energy shock triggered by the US-Israeli conflict with Iran is now rippling through economies far beyond the Middle East, exposing how deeply interconnected fuel supply chains have become. For example, in India, shortages of cooking gas are emerging, while in California, gasoline prices have surged to nearly $6 per gallon….
US stock indexes traded mixed on Monday as easing Treasury yields and lower oil prices helped calm some investor concerns after last week’s bond-market selloff, according to a Reuters report.The Dow Jones Industrial Average gained 139.25 points, or 0.28 per cent, to 49,665.42 in early trading. The S&P 500 edged up 3.27 points, or 0.04…