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Category: Business

Business

Indian equity markets trade higher as Iran-Israel tensions ease

Posted on June 9, 2026 By admin
Indian equity markets trade higher as Iran-Israel tensions ease

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Indian equities traded higher on Tuesday (June 9, 2026) in the morning trade, supported by improving sentiment after signs of a pause in hostilities between Iran and Israel. Sensex rose as much as 0.7% or over 500 points to hit an intraday high of…

Read More “Indian equity markets trade higher as Iran-Israel tensions ease” »

Business

Kumar Shanker appointed new MD of Indraprastha Gas Ltd

Posted on June 9, 2026 By admin
Kumar Shanker appointed new MD of Indraprastha Gas Ltd

Kumar Shanker. File Image: Special Arrangement State-owned Indraprastha Gas Ltd (IGL) announced Kumar Shanker’s appointment as the Managing Director of the North India’s largest city-gas distributor, succeeding Kamal Kishore Chatiwal, who shall be repatriated back to parent Gas Authority of India Ltd (GAIL) following a three-year stint at the company. Prior to joining IGL, Mr….

Read More “Kumar Shanker appointed new MD of Indraprastha Gas Ltd” »

Business

Centre cuts PM-Ujjwala Yojana refills from 9 to 4

Posted on June 8, 2026 By admin
Centre cuts PM-Ujjwala Yojana refills from 9 to 4

Under the PMUY scheme, the government provides a targeted subsidy of ₹300 per cylinder for up to nine refills in a year. | Photo Credit: Sushil Kumar Verma Amid prevailing pressure on supplies of liquefied petroleum gas (LPG) globally in the backdrop of the West Asia conflict, the Centre has reduced the number of subsidised…

Read More “Centre cuts PM-Ujjwala Yojana refills from 9 to 4” »

Business

Current under-recovery ₹30/litre on diesel, ₹6/litre on petrol: Official

Posted on June 8, 2026 By admin
Current under-recovery ₹30/litre on diesel, ₹6/litre on petrol: Official

Officials at the Petroleum Ministry informed that OMCs were absorbing daily losses in the range of ₹600-₹700 crore daily from the sale of petrol, diesel and LPG combined Source link

Business

Stock markets slump amid weak global cues, surging oil prices; Sensex tanks 719 points

Posted on June 8, 2026 By admin
Stock markets slump amid weak global cues, surging oil prices; Sensex tanks 719 points

Benchmark indices Sensex and Nifty slumped on Monday (June 8, 2026), tracking a sharp decline in global equities and a fresh spike in crude oil prices, amid flaring tensions in West Asia. Extending losses for the second straight session, the 30-share BSE Sensex tumbled 719.08 points, or 0.97%, to settle at 73,524.26. During the day,…

Read More “Stock markets slump amid weak global cues, surging oil prices; Sensex tanks 719 points” »

Business

Rupee falls 56 paise to close at 95.74 against U.S. dollar

Posted on June 8, 2026 By admin
Rupee falls 56 paise to close at 95.74 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 95.35, then touched an intraday high of 95.15 and finally ended the session at 95.74 (provisional), registering a loss of 56 paise from its previous close. Representational file image | Photo Credit: Getty Images/iStockphoto The rupee depreciated 56 paise to settle at 95.74 (provisional) against…

Read More “Rupee falls 56 paise to close at 95.74 against U.S. dollar” »

Business

Three Air India aircraft parked at Delhi airport hit by ground equipment; taken out of operation

Posted on June 8, 2026 By admin
Three Air India aircraft parked at Delhi airport hit by ground equipment; taken out of operation

The airport operator said the ground equipment belonging to Air India Engineering and IndiGo moved from their position due to the sudden inclement weather, hitting the aircraft parked at Terminal 2. File | Photo Credit: Getty Images “Three Air India narrowbody aircraft parked at Terminal 2 of Delhi’s Indira Gandhi International Airport were damaged on…

Read More “Three Air India aircraft parked at Delhi airport hit by ground equipment; taken out of operation” »

Business

India’s auto retail sales rise 9.55% in May to record 25.31 lakh units: FADA

Posted on June 8, 2026 By admin
India’s auto retail sales rise 9.55% in May to record 25.31 lakh units: FADA

The total automobile retail sales in India registered an on-year growth of 9.55% to a record 25,31,067 units in May despite fuel-price revision, the Federation of Automobile Dealers Associations said on Monday (June 8, 2026). The cumulative automobile retail sales in India stood at 23,10,451 units in the same month last year. The retail sales…

Read More “India’s auto retail sales rise 9.55% in May to record 25.31 lakh units: FADA” »

Business

Adani Ports bags 10-year marine services contract for Argentina’s first LNG export project

Posted on June 8, 2026 By admin
Adani Ports bags 10-year marine services contract for Argentina’s first LNG export project

The company in a statement said the contract has been awarded to APSEZ’s step-down subsidiary, Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group, following a global competitive tender process conducted by Southern Energy SA (SESA). | Photo Credit: Reuters Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday (June 8, 2026)…

Read More “Adani Ports bags 10-year marine services contract for Argentina’s first LNG export project” »

Business

Rupee falls 17 paise to 95.35 against U.S. dollar in early trade

Posted on June 8, 2026 By admin
Rupee falls 17 paise to 95.35 against U.S. dollar in early trade

Investors are also monitoring developments in West Asia and awaiting key economic data from the U.S., which could set the path for fresh clues from the U.S. Federal Reserve on the interest rate path. Representational file image. | Photo Credit: Getty Images/iStockphoto Rupee fell 17 paise to 95.35 against the U.S. dollar in early trade…

Read More “Rupee falls 17 paise to 95.35 against U.S. dollar in early trade” »

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