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IDFC First Bank on Tuesday said it has settled fraud claims at a Chandigarh branch at Rs 645 crore and has found no further discrepancies. Private sector IDFC First Bank had last month disclosed a Rs 590 crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set…
India will supply 5,000 tons of diesel to Bangladesh via pipeline starting Tuesday through the Parbatipur border, confirmed Muhammad Rezanur Rahman, chairman of Bangladesh Petroleum Corporation (BPC). “Under our agreement with India, the country is to deliver 180,000 tons of diesel annually through the pipeline. The 5,000 tons arriving now is part of this arrangement,”…
A sharp rise in global crude oil prices triggered by the conflict in the Middle East has pushed fast-moving consumer goods (FMCG) companies to rethink their strategies. Firms may either cut the grammage of product packs or raise prices, according to a report by The Economic Times.International crude prices crossed the $100-a-barrel mark on Monday…
he US Dollar stands to gain on surging oil prices as the US is energy dependent. (AI image) Gold price prediction today: Gold prices are competing with the strength in dollar amidst the Middle East crisis, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan:Gold Performance: In the week ending…
Airline stocks had previously come under heavy pressure as geopolitical tensions pushed oil prices sharply higher. (AI image) Oil prices plunge, bring cheer to aviation stocks! Shares of airline operators IndiGo and SpiceJet surged by as much as 8 per cent on Tuesday after US President Donald Trump indicated that the conflict with Iran could…
MUMBAI: Rising crude oil prices in the international markets took a heavy toll on most oil & gas, and paints stocks as these industries face the prospect of runaway raw material rates. At Monday’s close, among the leading stocks from these two sectors, BPCL was down 6.1%, HPCL 5.1%, GAIL 4.3% and Asian Paints 2.6%.On…
Market participants are now awaiting the release of the US consumer price index for February, scheduled for Wednesday, as well as the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, due on Friday. Among other precious metals, spot silver rose 3 per cent to $89.60 per ounce. Platinum gained 1.2 per cent to…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the increase in oil prices is unlikely to result in a significant acceleration in inflation. “Given that India’s inflation is near the lower bound, the impact on inflation is not estimated to be substantial at this point,” the minister said in response to a question…
NEW DELHI: Private sector and state-run banks raked in around 19,000 crore from account holders for not maintaining minimum balance in three financial years — 2022-23 to 2024-25.While private sector banks mopped up around Rs 11,000 crore, public sector players collected Rs 8,093 crore, according to data shared by the finance ministry in Lok Sabha…
Asian stocks inched higher on Tuesday as oil prices relaxed, coming down to around $90 per barrel from nearly $120. South Korea’s Kospi recovered from its heavy losses, surging more than 6%, while Tokyo’s Nikkei 225 also gained over 3% before easing slightly. The rally came as West Texas Intermediate (WTI) crude fell 6.54% to…
