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Category: Business

Business

​Long overdue: On coal exchanges

Posted on June 12, 2026 By admin
​Long overdue: On coal exchanges

Unveiled at a time of record domestic coal production, the Coal Exchange Rules, 2026, are a case of better-late-than-never. They will create a broad market-based mechanism through regulated trading platforms for the lynchpin of India’s energy system — coal. They are aimed at enhancing price discovery, transparency, access for small consumers, as well as, one…

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Business

Sensex jumps 1,695 points, Nifty rises 2% propelled by global rally as U.S. ends war with Iran

Posted on June 12, 2026 By admin
Sensex jumps 1,695 points, Nifty rises 2% propelled by global rally as U.S. ends war with Iran

Benchmark indices ended sharply higher on Friday (June 12, 2026), with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, in tandem with a rally in global markets and a decline in crude oil prices after U.S. President Donald Trump declared that his country has ended the war with Iran. The…

Read More “Sensex jumps 1,695 points, Nifty rises 2% propelled by global rally as U.S. ends war with Iran” »

Business

Rupee surges 77 paise to settle at 95.08 against U.S. dollar

Posted on June 12, 2026 By admin
Rupee surges 77 paise to settle at 95.08 against U.S. dollar

The rupee had plunged 60 paise to settle at 95.85 against the U.S. dollar on June 11, 2026. | Photo Credit: Reuters The rupee surged 77 paise to close at 95.08 (provisional) against the greenback on Friday (June 12, 2026) as global oil prices fell sharply after U.S. President Donald Trump indicated an imminent deal…

Read More “Rupee surges 77 paise to settle at 95.08 against U.S. dollar” »

Business

Price cap on cancer drugs increase to tackle shortage

Posted on June 12, 2026 By admin
Price cap on cancer drugs increase to tackle shortage

Representational image only. File | Photo Credit: Getty Images The drug price regulator National Pharmaceutical Pricing Authority (NPPA) raised ceiling rates for two key platinum-based cancer drugs ​by 50% after a surge in raw material costs triggered ‌widespread shortages, according to a government notification seen ​by Reuters. The NPPA invoked special provisions ⁠to raise rates…

Read More “Price cap on cancer drugs increase to tackle shortage” »

Business

Third Wave Coffee brews East India expansion from Kolkata

Posted on June 12, 2026 By admin
Third Wave Coffee brews East India expansion from Kolkata

Rajat Luthra, CEO, Third Wave Coffee with the baristas at the launch of their stores in Kolkata. Photo: Special Arrangement Third Wave Coffee, one of the leading coffee brands in India, has entered the Eastern Indian market with three new stores launched across Kolkata on Friday (June 11). The brand also plans to conduct further expansion in…

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Business

Rupee surges 65 paise to 95.20 against U.S. dollar in early trade

Posted on June 12, 2026 By admin
Rupee surges 65 paise to 95.20 against U.S. dollar in early trade

On the domestic equity market front, Sensex jumped 921.30 points to 74,753.85, while Nifty surged 254.20 points to 23,417.25. File | Photo Credit: Getty Images/iStockphoto The Rupee surged 65 paise to 95.20 against the U.S. dollar in early trade on Friday (June 12, 2026) as global crude oil prices retreated after U.S. President Donald Trump indicated…

Read More “Rupee surges 65 paise to 95.20 against U.S. dollar in early trade” »

Business

Stock markets surge as global rally follows U.S. announcement of ending Iran war

Posted on June 12, 2026 By admin
Stock markets surge as global rally follows U.S. announcement of ending Iran war

The 30-share Bombay Stock Exchange (BSE) Sensex jumped 921.30 points to 74,753.85 during initial deals. The 50-share National Stock Exchange of India (NSE) Nifty surged 254.20 points to 23,417.25. Representational file image. | Photo Credit: Reuters Benchmark indices Sensex and Nifty rebounded in early trade on Friday (June 12, 2026) and were trading sharply higher,…

Read More “Stock markets surge as global rally follows U.S. announcement of ending Iran war” »

Business

How does drop shipping on Instagram affect users? | Explained

Posted on June 12, 2026 By admin
How does drop shipping on Instagram affect users? | Explained

While scrolling through Instagram Reels, you naturally pause when an attractive product catches your eye: a sleek laptop bag for travel, a cheap set of popular novels, an ultra-fast wireless charger on sale, beautifully embroidered linen shirts, or leather-bound notebooks with custom gold foil inscriptions. Before you know it, you are entering your credit card…

Read More “How does drop shipping on Instagram affect users? | Explained” »

Business

Government bars bulk industrial petrol, diesel purchases through petrol pumps

Posted on June 12, 2026 By admin
Government bars bulk industrial petrol, diesel purchases through petrol pumps

Government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps and asked them to source their requirements from bulk sale points. Image used for representation purpose only. | Photo Credit: The Hindu The government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps…

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Business

Vizag steel plant explosion | Data reveals major lacunae in reporting industrial accidents

Posted on June 12, 2026 By admin
Vizag steel plant explosion | Data reveals major lacunae in reporting industrial accidents

Flames erupt in Vizag steel plant after molten iron spilt while being moved in a bucket by a crane, in Visakhapatnam, Andhra Pradesh, Monday, June 8, 2026 | Photo Credit: – The death toll from the explosion at the Rashtriya Ispat Nigam Limited-Visakhapatnam Steel Plant (RINL-VSP) on June 8, rose to nine on Wednesday. Following…

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