Category: Business

Business

India added 52.5 mtpa regasification capacity in 2025: IGU World LNG Report

July 9, 2026 admin

Dahej LNG terminal ranks as the sixth largest globally. | Photo Credit: The Hindu India added 52.5 million tonnes per annum (mtpa) of regasification capacity across eight terminals, as it surpassed Spain to become the fourth largest market for regasification capacity in 2025, according to the International Gas Union’s (IGU) World LNG Report. Rising demand…

Business

India’s SBI Funds Management files IPO prospectus; issue to open on July 14

July 9, 2026 admin

The IPO comprises an offer for the sale of up to 203.7 million shares, representing about 10% of SBI Funds Management’s paid-up equity capital. File | Photo Credit: Reuters State Bank of India said, on Wednesday (July 8, 2026), its asset management joint venture, SBI Funds Management, filed ‌a red herring prospectus for its Initial Public…

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Rupee slips 4 paise to 95.52 against U.S. dollar in early trade

July 9, 2026 admin

At the interbank foreign exchange market, the rupee opened at 95.52 and remained weaker against the U.S. dollar, down 4 paise from its previous close. File | Photo Credit: Getty Images/istockphoto The rupee fell 4 paise to 95.52 against the U.S. dollar in early trade on Thursday (July 9, 2026), weighed down by surging crude…

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Stock markets rebound in early trade after sharp fall in previous session

July 9, 2026 admin

A view of the Bombay Stock Exchange (BSE) building. File | Photo Credit: ANI Benchmark indices Sensex and Nifty rebounded in early trade on Thursday (July 9, 2026) after a sharp fall in the previous session amid foreign fund inflows and buying in blue-chip stocks. The 30-share BSE Sensex climbed 495.86 points to 76,998.54 in…

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India says U.S. forced labour tariff approach inconsistent; exempts 1,600 items deemed critical to its needs

July 9, 2026 admin

Brij Mohan Mishra (second from left), Joint Secretary in the Ministry of Commerce, at the USTR panel. Photo Credit: Special Arrangement India has flagged inconsistencies in the U.S. approach to tariffs at a public hearing on the U.S. Trade Representative’s (USTR) proposal to impose levies on goods linked to forced labour. Testifying before a USTR…

Business

Rupee tanks 59 paise to close at 95.55 against U.S. dollar

July 8, 2026 admin

The rupee appreciated 47 paise to close at 94.96 against the U.S. dollar, on July 7, 2026. File | Photo Credit: Getty Images/iStockphoto The rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday (July 8, 2026), as the U.S. launched fresh strikes on Iran after Tehran struck three ships…

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Russia’s share in Indian oil imports crossed 40% in May 2026 even as premium pricing continued

July 8, 2026 admin

India’s total oil imports stood at 218.2 tonnes in May 2026. | Photo Credit: PTI Russia’s share in India’s oil imports rose above 40% in May 2026, the highest in nearly two years, according to official government data. Further, the data shows that Russia charged India a premium for its oil, while other sources such…

Business

Stock markets tumble over 2% on escalating U.S.-Iran tensions, sharp surge in oil prices

July 8, 2026 admin

All the 30-Sensex firms were trading in the red. File (Image for representational purpose only) | Photo Credit: ANI Equity benchmark indices Sensex and Nifty fell sharply by over 2% during the fag-end of the trade on Wednesday (July 8, 2026) amid reports that the U.S. President Donald Trump said the interim agreement with Iran is…

Business

Credit card penetration lower in India despite asset quality improvements: CIBIL

July 8, 2026 admin

India has 5.2 crore people having credit cards, which is just 25% of the overall credit active population. Image for representation | Photo Credit: Getty Images/iStockphoto Credit card penetration in the country has been low when compared to even developing countries despite a variety of tailwinds like improving delinquency levels, a top official at TransUnion…

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Rupee declines 20 paise to 95.16 against U.S. dollar in early trade

July 8, 2026 admin

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee slipped 20 paise to 95.16 against the greenback in early trade on Wednesday (July 8, 2026) as the U.S. launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar….

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