Global stock markets advanced on Monday while oil prices fell sharply after the United States and Iran reached a tentative agreement to extend their ceasefire and reopen the Strait of Hormuz, raising hopes of easing inflationary pressures and restoring the flow of crude oil.The S&P 500 rose 1.5%, while the Dow Jones Industrial Average gained…
The rupee rose against the US dollar for a second straight session on Monday, helped by a sharp decline in crude oil prices after a preliminary US-Iran agreement to end the conflict and reopen the Strait of Hormuz, Reuters reported.The currency also extended gains seen after the Reserve Bank of India’s June 5 measures to…
Former Niti Aayog vice chairman Arvind Panagariya has called for reviving the government’s privatisation agenda for public sector undertakings (PSUs) and public sector banks (PSBs), arguing that disinvestment remains a key pillar of India’s economic reforms.In an interview with PTI, Panagariya also advocated the creation of an independent privatisation ministry to accelerate the government’s disinvestment…
Individuals not having business or professional income enjoy greater flexibility, as they can opt between the new and old tax regimes every year. (AI image) ITR filing FY 2025-26: A choice between the old and new income tax regime is an important one – which one saves you more tax? But the answer to that…
Top stocks to buy today (AI image) Stock market recommendations: Privi Speciality Chemicals, and Cummins India have been selected as the top stocks to buy for the week starting June 15, 2026 by Motilal Oswal Wealth Management Research Desk: Stock Name CMP (Rs) Target (Rs) Upside (%) Privi Speciality Chemicals 3454 3900 13% Cummins India…
Commerce and Industry minister Piyush Goyal on Sunday invited French companies to invest in India’s manufacturing sector, pitching the country as a trusted partner offering scale, talent and innovation opportunities.Speaking at the ‘Bharat Innovates’ event in Nice in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron, Goyal said India can provide…
Days after three Indian seafarers onboard MT Settebello were killed following a US military strike off the Oman coast, the Directorate General of Shipping (DGS) has advised maritime recruitment and placement agencies to restrict the deployment of Indian seafarers to conflict areas until further orders.In a circular, the shipping regulator also directed vessels operating in…
Union Finance minister Nirmala Sitharaman on Sunday said movements in the rupee against the US dollar are influenced by a combination of global and domestic factors, stressing that the Reserve Bank of India intervenes only to contain excessive volatility and not to defend any specific exchange rate.Addressing reporters at Devanahalli near Bengaluru during an event…
Defending the credibility of India’s GDP statistics, Chief Economic Adviser V Anantha Nageswaran has said that the country does not use revisions in methodology or base years to artificially boost economic growth figures.In an interview with news agency ANI, Nageswaran responded to concerns raised by some economists over India’s GDP estimates, saying GDP measurement is…
The combined market capitalisation of eight of India’s 10 most-valued companies rose by Rs 1.90 lakh crore last week, with ICICI Bank emerging as the biggest gainer as equities rallied, reported news agency PTI.The gains came during a strong week for the markets, with the BSE Sensex climbing 1,284.61 points, or 1.73%, while the NSE…