Business

Oil prices climbed on Wednesday after the United States carried out fresh strikes on Iran in response to Tehran’s attacks on commercial vessels transiting the Strait of Hormuz. US benchmark West Texas Intermediate (WTI) crude for August delivery advanced 2.1% to $71.87 per barrel, while Brent crude, the global benchmark, for September delivery gained 1.9% to $75.53 per barrel. The US launched...

After factoring in the output Producer Price Index (PPI) into the Index of IndustrialProduction (IIP) from May, the Ministry of Statistics and Programme Implementation(Mospi) is planning to introduce the PPI as the deflator for calculating real gross domestic

Skyroot Aerospace on Thursday announced the opening of the launch window for the maiden test flight of its Vikram-1 launch vehicle — India’s first privately developed orbital-class rocket. Test Flight-1 is targeted for no earlier than July 12, subject to the completion of assembly and testing operations at the launch site at the Satish Dhawan Space Centre Sriharikota High Altitude...

Yes Bank’s board on Monday approved raising ₹16,000 crore through a mix of equity and debt securities, the private sector lender informed the stock exchanges. The board cleared plans to raise up to ₹7,500 crore through the issuance of eligible equity securities via various permissible routes. The equity issuance will be capped at an aggregate dilution of 10 per cent,...

Oil prices were mixed on Monday after renewed military strikes between the U.S. and Iran over the weekend reignited concerns over crude supplies from the Middle East. U.S. West Texas Intermediate futures rose 0.4% to $69.52 per barrel, paring some gains after briefly rising above $70. WTI settled below $70 on Friday for the first time since Feb. 27 — the day before the...

Adani Power is targeting thermal power capacity addition of 23,720 MW by FY32 with an estimated capital expenditure of ₹2 trillion. This will include 22,400 MW through 12×800 MW ultra-supercritical projects and 1,320 MW through 2×660 MW supercritical projects.  In its presentation to stakeholders at the annual general meeting on Thursday, the company said that, as part of the expansion...

 Reliance Industries’ 49th Annual General Meeting has begun. Chairman Mukesh Ambani highlighted that “Jio Platforms has approved its DRHP, and it will be filed with SEBI today.” This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders. The relationship Reliance shares with its shareholders is a deep and sacred relationship founded on pride, trust, respect,...