Business

Gold rates and silver rates in India gained on September 16, 2026 due to surge in demand. Ahead Of Fed Policy, MCX crude oil price plunged 3%, while MCX silver emerged as top gainer with over 1.5% rally. Gold, natural gas, copper and zinc gained by 1% each. While lead and cardamom futures also picked up. In the global market, spot gold rallied...

Sensex Today, Nifty 50 | Stock Market Highlights -Equity benchmarks shed over 1% on Tuesday. BSE Sensex closed 777.94 pts or 1.04% lower at 74,003.82, and Nifty 50 shed 279.50 pts or 1.19% to 23,118.60. Broader markets – midcap and smallcap indices – also lagged behind. Indian shares fell on Tuesday on concerns over elevated oil prices and global bond...

The Finance Ministry on Monday notified that UPI transactions of up to Rs 2,000 and payments made using RuPay debit cards will not attract any charges. In a notification dated September 14, the Ministry of Finance’s Department of Financial Services said the Centre was exercising powers under Section 10A of the Payment and Settlement Systems Act, 2007 to specify the...

Crude oil prices jumped on Monday amid concerns over supply disruption after fresh wave of attacks on vessels in the Strait of Hormuz and other regions in the Gulf region. Brent crude futures surged 3% to $107.74 per barrel, while WTI futures gained 2.88% to $102.93 per barrel. A report by Saudi Arabian state media showed Houthi attack on the...

Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises Limited (AEL), signed binding agreements to raise Rs 9,825 crore (approximately USD 1 billion) from a consortium comprising Alpha Wave Global, Premji Invest, Temasek, and BlackRock managed funds. The transaction values AAHL at a pre-money equity valuation of approximately USD 18 billion. The primary equity infusion marks one of the...

Billionaire Mukesh Ambani’s Reliance Industries is set to return ​to India’s rupee bond market after nearly three years, five merchant bankers told Reuters late on Monday, with what would be the largest single-tranche fundraising by a rated firm since November 2023.  The oil-to-telecom conglomerate plans to raise ₹12,500 ‌crore ($1.32 billion) through a sale ​of five-year notes, at ​an annual...

Tewolde Gebremariam will take operational charge of Air India on Monday, replacing former chief executive Campbell Wilson. However, his formal appointment as CEO and accountable manager is pending security clearance from the government, as per a report. According to a report in The Economic Times, Gebremariam, the former chief of Ethiopian Airlines, is expected to be introduced to Air India...

Oil prices surged over 1% on August 31 as escalating military action in the Strait of Hormuz sparked fresh fears over global energy security. The friction reverberated immediately through trading floors. Brent crude futures gained $1.08, or 1.23%, to reach $89.18 a barrel, while US West Texas Intermediate crude increased by 92 cents, or 1.10%, to hit $84.32. The move followed...

Tata Consultancy Services (TCS) will acquire 100% of MHP Management- und IT-Beratung GmbH (MHP), Porsche AG’s management and IT consulting subsidiary, for an enterprise value of €320 million as part of a broader five-year strategic partnership with the German luxury automaker. The acquisition, approved by the board of TCS Netherlands B.V., a wholly owned subsidiary of TCS, will give the...

The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of the Bombay Presidency Radio Club and a McDonald’s outlet in south Mumbai, along with 11 other food establishments across the state, over alleged violations of food safety and hygiene norms, PTI reported, citing officials. The action follows an intensified crackdown after IAS officer Tukaram Mundhe took charge as...

Crude oil prices marched higher in Thursday’s trade, climbing to their highest levels in nearly a month as the United States prepared to impose a sweeping package of economic measures aimed at further isolating Iran from international financial and commercial channels. International benchmark Brent crude rose by nearly $3 to around $92 a barrel, hitting its highest since July 22,...

The price of oil jumped sharply Monday after President Donald Trump cast doubt on another deal with Iran to extend the expiring ceasefire. “They want to make a deal, but they’re not going to make the kind of a deal that I feel is necessary,” Trump said in the Oval Office. Shortly after Trump’s comments, international oil benchmark Brent jumped...