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NEW DELHI: Crude oil prices are expected to soften significantly in 2026 and may touch $50 per barrel by June, an analysis by SBI Research showed on Monday. The deceleration is likely to be faster which could have a positive impact on inflation and growth, it added.The report said that the US Energy Information Administration…
MUMBAI: London-based private equity (PE) firm Apax Partners has picked up an over 35% minority stake in iD Fresh Food in a deal pegged at more than Rs 1,500 crore, said people aware of the matter. As part of the transaction, Apax Partners has acquired some stakes from the company’s existing shareholders Premji Invest and…
India is planning to shift to net domestic product (NDP) as its main measure of economic activity, moving away from gross domestic product (GDP), in line with the United Nations’ System of National Accounts (SNA) 2025 guidelines. The change is expected to be implemented from 2029–30, according to official sources quoted by Economic Times.The statistics…
ONGC will take a 50 per cent stake in two joint ventures with Japan’s Mitsui OSK Lines (MOL) to enter specialised ethane shipping.The joint ventures will each own a very large ethane carrier (VLEC), with ONGC and MOL holding equal equity. The vessels, with a combined cost of about $370 million, will transport ethane from…
RBI governor Sanjay Malhotra (File photo) Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance…
Manufacturing activity in US was at record bottom December, marking 10th consecutive month of contraction. The Institute of Supply Management (ISM) index slipped to 47.9 from 48.2 in November.The latest figures mark the lowest reading for the year, with production levels falling below November’s numbers. While employment showed a minor uptick of 0.9 percentage points,…
HYDERABAD: SmartGreen Aquaculture (SGA), a Hyderabad-based startup, has set up what is touted as India’s first inland, premium trout farming facility in Kandukur mandal of Telangana’s Ranga Reddy district, on the outskirts of Hyderabad, at an initial investment of $6 million (approx. Rs 54 crore).The facility, based on the sustainable recirculating aquaculture system (RAS) technology…
MUMBAI: Avanse Financial Services on Jan 5 in Mumbai said it raised around Rs 1,200 crore through a rights issue from existing shareholders to fund the next phase of growth by expanding education lending, strengthening products and improving balance sheet capacity.The education-focused NBFC said the capital was raised from Warburg Pincus through its affiliate Olive…
US Wall Street opened higher on Monday as tech stocks bounced back and energy shares climbed after the US captured Venezuelan President Nicolas Maduro in a military operation over the weekend. The Monday session, marks the opening for the first full week of trading in 2026. US markets opened for the first time in the…
Donald Trump (File photo) US President Donald Trump, once again boasted about collections from tariffs he has imposed since last year on various countries after his return to White House.“We have taken in, and will soon be receiving, more than 600 Billion Dollars in Tariffs,” he said in a post on Truth Social, while taking…
