The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking its steepest annual decline in 14 years, according to market data as reported PTI.The last comparable fall was in FY12, when the domestic currency had dropped 12.4 per cent amid a widening current account deficit of 4.2 per cent.The sharp depreciation…
US Federal Reserve Chair Jerome Powell on Monday said the central bank can look through the energy price shock triggered by the Middle East conflict, but warned it may need to act if rising costs begin to alter inflation expectations, AFP reported.“The tendency is to look through any kind of a supply shock,” Powell said…
NEW DELHI: The Petroleum and Natural Gas Regulatory Board (PNGRB) has put in place a formal ombudsman mechanism for grievance redressal to strengthen consumer protection.Under the new rules, consumers will now have the option to escalate unresolved complaints beyond the company level to an independent authority designated as the ombudsman. The provision comes into play…
In response to disruptions in cargo movement linked to the Middle East crisis, the government has allowed an additional 30 days for the gems and jewellery sector to fulfil specific export and import timelines.The relaxation comes as exporters face delays in consignments to key markets in the region, which accounts for nearly 30 per cent…
Air Canada on Monday said CEO Michael Rousseau will retire by the end of the third quarter, with the announcement coming against the backdrop of criticism over his handling of communications after a fatal accident, Reuters reported.The controversy stemmed from a condolence message issued following a collision involving an Air Canada Express aircraft and a…
The ongoing Iran war, now nearing four weeks with no clear resolution, is already pushing oil prices above $100 per barrel, with visible impact on fuel and household costs. Against this backdrop, Larry Fink, chairman and CEO of BlackRock, has outlined two sharply divergent paths for oil markets and the global economy.Speaking to the BBC,…
Stock market today (AI image) Stock market crash today: Nifty50 and BSE Sensex continued their slide on Monday, dropping sharply on negative global cues. While Nifty50 went below 22,350, BSE Sensex closed below 72,000. Nifty50 ended the trading session at 22,331.40, down 488 points or 2.14%. BSE Sensex closed at 71,947.55, down 1,636 points or…
Wall Street’s main indices edged higher in choppy trade on Monday, recovering from the previous session’s sharp losses, even as the Middle East conflict widened and kept investors cautious.The Dow Jones Industrial Average rose 0.48 per cent, the S&P 500 gained 0.32 per cent, and the Nasdaq Composite advanced 0.19 per cent in early trade,…
Small Savings Schemes Interest rates (AI image) Latest Small Savings Interest Rates: The Finance Ministry announces the interest rates for post office and small savings schemes every quarter after a review. The interest rates for Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizens Savings Scheme (SCSS), National Savings Certificates (NSC) etc are decided…
Gold futures remained firm on Monday with all major contracts posting gains amid steady trading activity. The April contract led the rise, climbing over 1% to Rs 1,45,797 per 10 grams, while June and August contracts also recorded solid upticks of 0.91% and 0.71%, respectively.The June 2026 gold futures contract saw strong participation with high…