Oil prices plunged below $100 in early Asian trading on Wednesday after President Trump announced a conditional two-week ceasefire agreement with Iran. At the time of writing, WTI had dropped by 13.96% to trade at $97.18, while Brent Crude had fallen to $95.05, down 13.01% on the day. The dramatic selloff came on the back of Trump committing to...
Air India is scouting for a successor to lead the airline after its Chief Executive Officer (CEO) and Managing Director (MD) Campbell Wilson formally resigned on Tuesday. The Air India Board has constituted a committee to find a successor to Wilson in the coming months. He will continue to remain as the airline’s chief until...
Luxury carmaker BMW India managed to pull slightly ahead of rival Mercedes-Benz India in quarterly registrations, reflecting a gradual shift in the competitive landscape, even as the country’s luxury car market largely remained flat in the first quarter of calendar year 2026 (Q1CY26), According to VAHAN data, BMW India registered 4,944 units during the January-March...
Gold prices witnessed a pullback on April 2, 2026, after a sharp rally in recent sessions, as easing geopolitical tensions and shifting expectations around US interest rate cuts reduced safe-haven demand. International spot gold declined nearly 2.8% to hover around $4,650 per ounce, reflecting profit-booking and a temporary cooling-off in bullish momentum. In India, gold prices also...
Iran said its latest wave of attacks on Thursday had targeted the UAE, Bahrain and Israel after US-Israeli strikes hit the country’s two largest steel plants. “In response to attacks on Iranian steel industries, the Islamic Revolutionary Guard Corps launched a new wave of attacks this morning,” the military’s central command, Khatam Al-Anbiya said in...
In early 1976 in California, Steve Wozniak designed a computer circuit board that he intended to share with fellow hobbyists at a local club. His friend Steve Jobs recognized its commercial potential and suggested manufacturing and selling the boards. From this partnership, Apple was born, laying the foundation for one of the most influential companies...
US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. “In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a...
The Indian stock market will remain closed on March 31, marking the last trading holiday of this fiscal. BSE and National Stock Exchange (NSE) will remain closed for trading on account of Shri Mahavir Jayanti. However, India’s largest commodity exchange, the Multi-Commodity Exchange of India (MCX), will remain closed for trading in the first half...
The Indian rupee is poised to rally at the open on Monday amid arbitrage unwinding prompted by the central bank’s curbs on onshore position limits. The Reserve Bank of India late Friday directed banks to cap their net open rupee positions in the foreign exchange market at $100 million by the end of each business day, with...
The Delhi government has increased the commercial LPG cylinder allocation from 20 per cent to 50 per cent of average daily consumption, raising the supply from 1,800 to 4,500 cylinders (19 kg equivalent) per day. This announcement was made by Minister for Food and Supplies Manjinder Singh Sirsa on Thursday. The decision follows directives from...