Gold and silver prices began Wednesday’s session on a firmer note on the Multi Commodity Exchange of India, following the United States’ decision to prolong its ceasefire with Iran. The move helped calm fears of a sharp rise in inflation and reduced expectations that interest rates would remain elevated for an extended period. On Tuesday,…
MUMBAI: With Brent crude sliding below the $90/barrel mark and WTI close to $85 on the back of the likely second round of peace talks between US and Iran, sensex rallied 753 points (1%) on Tuesday to close over the 79K mark, a level not seen for over six weeks. Market players, however, are cautious…
Asian stock markets showed a mixed trend on Wednesday, tracking gains on Wall Street as oil prices softened amid cautious optimism over potential US-Iran peace talks.Japan’s Nikkei 225 rose about 0.5% to hover near record highs, supported by strong gains in heavyweight tech stocks.South Korea’s Kospi edged slightly lower, while Australia’s S&P/ASX 200 dropped 0.9%.Hong…
Oil prices edged lower on Wednesday after an early rise in Asian trade, as investors assessed uncertainty around US-Iran peace talks following Washington’s decision to extend the ceasefire.Brent crude futures fell 21 cents, or 0.2%, to $98.27 a barrel at 0039 GMT, after earlier touching $99.38.US West Texas Intermediate (WTI) crude dropped 28 cents, or…
BENGALURU/NEW DELHI: HCLTech’s results presented a mixed picture, weighed down by client-specific headwinds, delayed procurement decisions and persistent market volatility, even as the company continued to lean into artificial intelligence as a long-term growth driver.Revenue for the March quarter declined 3.3% sequentially in constant currency (which excludes currency impact) and grew 2.4% year-on-year. In dollar…
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MUMBAI: RBI has come out with a Digital Payments – Emandate Framework, 2026 which seeks to make recurring digital payments simpler, safer and more user-centric by reducing friction while retaining safeguards, marking a shift towards a consent-driven autopay ecosystem.The guidelines mandate a 24-hour pre-debit notification, requiring issuers to inform users in advance about the merchant…
MUMBAI: The life insurance industry recorded a 15.7% expansion in new business premiums during FY26, as the sector navigated a landscape defined by diverging growth strategies across individual and group segments. Total premiums across the industry climbed to Rs 4.6 lakh crore from close to Rs 4 lakh crore in FY25. This momentum highlights a…
NEW DELHI: Nestle India reported a 26% increase in net profit to Rs 1114 crore on its highest ever domestic sales of Rs 6,445 crore for the fourth quarter ended March 31, 2026, led by premiumisation, penetration and higher ad spends.“This performance was powered by double-digit volume growth, driven by over 50% increase in advertising…
Donald Trump, left, and Kevin Warsh US President Donald Trump on Tuesday said he would be disappointed if his nominee for Federal Reserve chair, Kevin Warsh, does not cut interest rates right away after taking office if confirmed by the Senate. Trump, during an interview with CNBC’s “Squawk Box,” also said “we have to find…