Amid continued tensions in West Asia and fears that a weak monsoon could lift food prices in the months ahead, Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the central bank has kept the repo rate unchanged at 5.25%. The Standing Deposit Facility (SDF) rate and Marginal Standing Facility (MSF) rate and the...
India is getting ready for visits by Chinese President Xi Jinping and Russian President Vladimir Putin, with both leaders planning to attend the BRICS summit to be held in Delhi on September 12 and 13, sources here said on Wednesday (July 29, 2026). Consultations are continuing with regard to these upcoming high-level visits. On Monday...
IndiGo managing director Rahul Bhatia has called for a review of India’s pilot flight duty time rules, saying these norms erode cockpit productivity, inflate airline costs and make the country’s aviation sector “uncompetitive” compared with global peers “I think Flight Duty Time Limitations (FDTL) needs a review, and I think there’s enough conversation going on...
Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal Reserve with another inflation shock just hours before one of its most uncertain interest-rate decisions in years. The rally accelerated after President Donald Trump vaguely...
India’s industrial activity gathered momentum in June, with factory output growing at its fastest pace in nearly two years as manufacturing remained robust and investment-linked sectors continued to outperform, pointing to resilient domestic economic activity despite global uncertainties. The Index of Industrial Production (IIP) rose 7.3 percent year-on-year in June, up sharply from the revised...
Indian equity benchmarks opened higher on Monday as oil prices fell after US-Iran pause strikes. At the open, Sensex climbed 580 points while Nifty was up 170 points. At the close, Sensex was up 776 points while Nifty gained 228 points. Meanwhile, the rupee opened 44 paise stronger at 96.13 against the US Dollar, compared...
HCLTech on Friday announced that it plans to set up its first AI Data Center in the upcoming Odisha Sovereign AI Park in partnership with Sarvam and the Government of Odisha. In an exchange filing, the company said the AI data center will be established as part of its proposed entry into the full-stack AI...
Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies. Brent crude – the global benchmark for oil prices – rose more than 6%on Thursday following several days of increases as the US stepped up military strikes against Iran....
Oil prices continued to climb in early Asian trade on Wednesday as the renewed hostilities between the United States and Iran showed no signs of slowing. At the time of writing, Brent crude was trading at $92.44, up 1.57% on the session, while West Texas Intermediate was changing hands at $85.51, up 1.39%. Both benchmarks are now at five-week...
The country’s largest airline, IndiGo, on Monday (July 20, 2026) announced it will place an order with CFM International for more than 1,000 engines to power its 510 A320 neo family planes. IndiGo and CFM International, an equal joint venture between GE Aerospace and Safran Aircraft Engines, have inked a Memorandum of Understanding (MoU) for...