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Image used for representation purpose only. | Photo Credit: The Hindu In May 2026 Passenger Vehicles recorded wholesales of 4.39 lakh units, a growth of 27.3% over May 2025. During the month 0.71 lakh units of three-wheelers were sold, up 31.1% and 19.02 lakhs units of two-wheelers were sold with a growth of 14.8% in…
Read More “Passenger Vehicle wholesales in May 2026 touch 4.39 lakh units, up 27% Y-o-Y” »
Image used for representational purposes. File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty surged in early trade on Monday (June 15, 2026), mirroring a rally in global equities and a sharp decline in crude oil prices, after the U.S. and Iran finalised a deal to end their 107-day war. The 30-share…
Representative image. | Photo Credit: Getty Images/iStockphotos The rupee rose 58 paise against the greenback to 94.60 in early trade on Monday (June 15, 2026) as global crude oil prices dropped sharply after U.S. President Donald Trump announced that the U.S. and Iran finalised a deal to end the war. A strong start to the…
Read More “Rupee rises 58 paise to 94.60 against U.S. dollar in early trade” »
Meta CEO Mark Zuckerberg, pictured above [File] | Photo Credit: AP Meta CEO Mark Zuckerberg has told employees that the social media giant has made mistakes in its AI transformation of its workforce, according to an internal memo seen by Reuters. Zuckerberg is pumping hundreds of billions of dollars into AI as he seeks to…
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A reopening or normalization of shipping through the Strait of Hormuz would provide significant relief for India, one of the world’s largest crude importers, by easing concerns over oil supplies, lowering freight costs and reducing pressure on inflation. The narrow waterway between Iran and Oman handles roughly a fifth of global oil consumption and serves…
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Union Finance Minister Nirmala Sitharaman during the ‘Vikasitha Bharatha Sankalpa Samavesh’ program, in Bengaluru. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Sunday (June 14, 2026) said fluctuations in the rupee against the U.S. dollar are influenced by a range of global and domestic factors. Speaking to reporters at Devanahalli near Bengaluru during…
Read More “Nirmala Sitharaman attributes rupee fluctuations to global, domestic factors” »
Union Finance Minister Nirmala Sitharaman on Sunday (June 14, 2026) said fluctuations in the rupee against the US dollar are driven by multiple global and domestic factors, including geopolitical uncertainties, foreign capital movements and India’s import dependence on crude oil, fertilisers and gold. She underlined that the Reserve Bank of India (RBI) intervenes only to…
Read More “Rupee-dollar fluctuations driven by global, domestic factors: Sitharaman” »
Foreign investors remained sellers in Indian equities, dumping more than ₹62,853 crore of shares in the first fortnight of June amid heightened geopolitical tensions, concerns over global economic growth and persistent weakness in the rupee. With the latest outflows, total withdrawals by Foreign Portfolio Investors (FPIs) from Indian equities have surged to ₹2.87 lakh crore…
Image used for representational purposes only. File | Photo Credit: Reuters India remained the world’s second-largest buyer of Russian fossil fuels in May, importing an estimated 5.8 billion euros ($6.7 billion) worth of Russian hydrocarbons as refiners stepped up crude purchases from Moscow, European think tank Centre for Research on Energy and Clean Air (CREA)…
Read More “India’s Russian oil imports rise in May as refiners boost purchases” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Arbitrage (arb) funds are positioned to take advantage of the mispricing in futures contracts. The average annual return on such funds is 6.5%. Most investors compare arb funds with bank fixed deposits and conclude that the former may not be a meaningful investment. In…