Category: Business

Business

No bailout package for OMCs in sight as under-recoveries mount

Posted on By admin
No bailout package for OMCs in sight as under-recoveries mount

From left to right: Ministry of External Affairs, Additional Secretary (Gulf) Aseem R. Mahajan, official spokesperson of the Ministry of External Affairs Randhir Jaiswal, Additional Secretary, Department of Fertilisers, Aparna S. Sharma, Director General of PIB Mattu J.P. Singh, Ministry of Petroleum and Natural Gas Joint Secretary Sujata Sharma, Director at the Ministry of Ports,…

Read More “No bailout package for OMCs in sight as under-recoveries mount” »

Business

PM Modi’s call to stop foreign travel comes as spending in this area has already been falling

Posted on By admin
PM Modi’s call to stop foreign travel comes as spending in this area has already been falling

Prime Minister Narendra Modi addresses a public meeting at Secunderabad in Hyderabad, Telangana, on May 10, 2026. | Photo Credit: PTI At a time when Prime Minister Narendra Modi has urged Indians not to travel abroad and give up on foreign weddings for at least a year, official data shows foreign spending by Indian tourists…

Read More “PM Modi’s call to stop foreign travel comes as spending in this area has already been falling” »

Business

Rupee crashes 82 paise to close at all-time low of 95.31 against U.S. dollar

Posted on By admin
Rupee crashes 82 paise to close at all-time low of 95.31 against U.S. dollar

At the interbank foreign exchange, the rupee opened at 94.97 and traded in the range of 94.87 to 95.34. It eventually settled at its record low of 95.31 (provisional), down 82 paise from its previous close. | Photo Credit: Reuters The rupee tanked 82 paise to settle at its record low of 95.31 (provisional) against…

Read More “Rupee crashes 82 paise to close at all-time low of 95.31 against U.S. dollar” »

Business

Sensex falls over 1,300 points as high crude oil prices, PM Modi’s austerity appeal unnerve investors

Posted on By admin
Sensex falls over 1,300 points as high crude oil prices, PM Modi’s austerity appeal unnerve investors

Stock markets fell for the third day running on Monday (May 11, 2026), with the benchmark Sensex tumbling 1,313 points amid rising crude oil prices after the U.S. and Iran failed to reach a peace deal to end the war in West Asia. The 30-share BSE Sensex tanked 1,312.91 points, or 1.70%, to settle at…

Read More “Sensex falls over 1,300 points as high crude oil prices, PM Modi’s austerity appeal unnerve investors” »

Business

Government says ample stock of fertilizers to meet Kharif demand; no need for panic buying

Posted on By admin
Government says ample stock of fertilizers to meet Kharif demand; no need for panic buying

“India has “ample” stocks of fertilizers to meet demand for the upcoming Kharif sowing season,” the government said on Monday (May 11, 2026), as it appealed to farmers not to engage in panic buying. In an inter-ministerial briefing on recent developments in West Asia, Aparna S. Sharma, Additional Secretary in the Department of Fertilizers, informed…

Read More “Government says ample stock of fertilizers to meet Kharif demand; no need for panic buying” »

Business

IT industry body NITES seeks official advisory for Work from Home measures amid rising oil prices 

Posted on By admin
IT industry body NITES seeks official advisory for Work from Home measures amid rising oil prices 

IT industry body NITES (Nascent Information Technology Employees Senate) has called on India’s Ministry of Labour and Employment to issue an advisory that would make work-from-home arrangements mandatory for IT workers. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto IT industry body NITES (Nascent Information Technology Employees Senate) has called on India’s…

Read More “IT industry body NITES seeks official advisory for Work from Home measures amid rising oil prices ” »

Business

Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal

Posted on By admin
Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal

Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month. | Photo Credit: AP Asian stocks were mixed on Monday (May 11, 2026) after Wall Street set more records,…

Read More “Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal” »

Business

Asia braces for second wave of energy shocks from Iran war

Posted on By admin
Asia braces for second wave of energy shocks from Iran war

Asia’s first defences against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. Also Read: Updates on Iran-Israel war When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia….

Read More “Asia braces for second wave of energy shocks from Iran war” »

Business

Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal

Posted on By admin
Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal

A view of the Bombay Stock Exchange. FIle | Photo Credit: Getty Images Investors got back to selling of Indian stocks aggressively after a few weeks of calm as U.S. President Donald Trump rejected Iran’s response to the peace proposals and Prime Minister Narendra Modi “advised” citizens to cut buying forex depleting goods and services….

Read More “Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal” »

Business

Rupee crashes 139 paise to 94.90 against U.S. dollar

Posted on By admin
Rupee crashes 139 paise to 94.90 against U.S. dollar

Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto The rupee crashed 139 paise to 94.90 against the greenback in early trade on Monday (May 11, 2026) after President Donald Trump rejected Iran’s response to the U.S.’s peace proposal, following which crude oil prices surged rapidly. A strengthening U.S. dollar and steep FPI…

Read More “Rupee crashes 139 paise to 94.90 against U.S. dollar” »

Business