Latest News

Stock markets rebound in early trade on buying in banking counters, positive trend in global peers

Mumbai, Apr 10 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday, driven by a rally in bank stocks and a positive trend in global markets. The 30-share BSE Sensex jumped 630.08 points to 77,261.73 in early trade. The 50-share NSE Nifty climbed 203.6 points to 23,978.70. From the 30-Sensex firms, Axis Bank, Asian Paints, Bajaj Finserv, State Bank of India, ICICI Bank and Bajaj Finance were the major gainers. Sun Pharma, Infosys, Tata Consultancy Services, HCL Tech, Tech Mahindra and Titan were the laggards. Brent crude, the global oil benchmark, traded 0.20 per cent up

US-Iran ceasefire deal shows strain ahead of talks with oil flows squeezed

JERUSALEM/BEIRUT/ISLAMABAD, April 10 (Reuters) – A fragile two-week ceasefire between the U.S. and Iran showed further strain on Friday, a day before they are ​to negotiate in Pakistan, as Washington accused Tehran of breaching promises on the Strait of Hormuz and Israel struck Lebanon with attacks that Iran has ‌claimed violate the truce. There was no sign Iran was lifting its near-total blockade of the strait, which has caused the worst-ever disruption to global energy supplies. Tehran cited Israel’s ongoing attacks on Lebanon, which included the heaviest strikes of the war on Wednesday, as a key sticking point. U.S. President

European alcoholic drinks companies seek India tariff relief as shortages of cans, bottles loom

NEW DELHI, April 9 (Reuters) – A European alcoholic drinks companies, whose members include Pernod ​Ricard, Anheuser-Busch InBev, Heineken and Carlsberg, has asked India for an exemption from a 10% import duty on ‌glass bottles and aluminum cans, amid shortage fears triggered by the Iran war, a letter, seen by Reuters, shows. The Federation of European Businesses in India wrote to the Indian government on April 2 highlighting that companies’ can and bottle supplies were constrained as local manufacturers were not able to operate at optimal capacity. The ​letter highlights pressures in India’s $65 billion alcohol market which is facing

Silver, gold rally falters as West Asia tensions resurface

New Delhi, Apr 9 (PTI) Silver prices declined by Rs 7,800 to Rs 2.43 lakh per kilogram in the national capital on Thursday while gold fell to Rs 1.54 lakh per 10 grams as investors booked profits amid concerns over the durability of the fragile ceasefire in West Asia. According to the All India Sarafa Association, the white metal depreciated by Rs 7,800, or 3.10 per cent, to Rs 2,43,200 per kg (inclusive of all taxes) from Wednesday’s closing level of Rs 2,51,000 per kg. Gold of 99.9 per cent purity also decreased by Rs 1,500, or nearly 1 per

1 … 211 212 213 214 215 … 1,533