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India on Friday said it is closely monitoring developments around a proposed US legislation that seeks to impose steep tariffs of up to 500% on countries procuring Russian crude oil, amid growing pressure from Washington, PTI reported.“We are aware of the proposed bill. We are closely following the developments,” External Affairs Ministry spokesperson Randhir Jaiswal…
Reliance Industries Ltd has said it may return to buying Venezuelan crude oil, provided sales are permitted to companies outside the United States. The conglomerate, which operates world’s largest refining complex, said that it is waiting for regulatory clarity before taking a decision.“We await clarity on access for Venezuelan oil by non-US buyers and will…
The average interest rate on a 30-year fixed mortgage in the US edged slightly lower this week but continued to hover within a narrow range that has prevailed for nearly two months, offering only modest relief to homebuyers.The benchmark long-term mortgage rate slipped to 6.18% from 6.21% last week, mortgage buyer Freddie Mac said on…
NEW DELHI: Swiggy-owned Instamart’s 2025 order report offers a snapshot of how Indians are using quick commerce, ranging from low-cost daily purchases to high-value luxury buys, along with a sharp rise in orders from several Tier-II cities.Instamart’s highest-spending user recorded purchases worth Rs 22 lakh in 2025, showing wide variations in spending on the platform….
Government has a new mandate for chemists across the country. The Central Drugs Standard Control Organisation (CDSO) has directed drug licensing authorities in all states and Union territories across India to ensure that a designated Quick Response (QR) code and toll-free number are displayed at all retail and wholesale pharmacies. This QR Code and Toll-free…
Indian importers have stepped up advance purchases of South American soybean oil, securing large volumes for delivery from April to July 2026 as they brace for a potential jump in palm oil prices next year.According to a Bloomberg report, Aashish Acharya, vice president at Patanjali Foods Ltd, said buyers have committed to more than 150,000…
Footfall drops in popular Delhi markets Central Delhi’s bustling wholesale and retail markets have fallen unusually quiet following Monday’s explosion near the Red Fort, which killed 13 people and injured several others. Many outstation buyers, wary of security concerns, are now opting for online shopping instead of travelling to the capital. Trading activity has been…
MUMBAI: In October, foreign portfolio investors (FPIs) turned net buyers of stocks in the Indian market again, and infused a little over Rs 14,600 crore. Between July and Sept this year, FPIs had net sold stocks worth a little over Rs 76,600 crore, data from NSDL showed.The net buying by foreign funds was because of…
Foreign portfolio investors (FPIs) resumed buying Indian equities in October, ending a three-month stretch of continuous selling. Data from the National Securities Depository Limited (NSDL) shows that Indian stock markets witnessed net inflows of Rs 14,610 crore during the month.The latest inflow follows a sharp withdrawal trend seen earlier. FPIs had sold equities worth Rs…
Gen Z are now leading India’s crypto investments!For the first time, Generation Z has surpassed millennials to emerge as top investors in the country’s crypto investment landscape. CoinSwitch’s Q3 2025 report, India’s Crypto Portfolio: How India Invests, released on Thursday, shows that investors aged 18–25 now form 37.6% of the platform’s user base. Millennials (26–35…
