FMCG major Nestle India has flagged volatility in input costs amid geopolitical uncertainties but said it will continue to pursue volume-led growth in the new fiscal, with focus on expanding consumption, improving penetration and driving efficiencies, PTI reported.Chairman and Managing Director Manish Tiwary said the maker of Maggi noodles, Nescafé and KitKat remains cautious as…
Gold, silver outlook: Precious metals are expected to remain volatile when markets open on Monday as the breakdown of US-Iran negotiations keeps sentiment fragile, with investors also tracking domestic inflation data and key global cues, analysts said.Apart from developments in West Asia, traders will monitor the US Producer Price Index (PPI), crude oil prices and…
NEW DELHI: Russia has offered to increase its supply of crude oil and liquefied natural gas (LNG) to India as the ongoing Middle East crisis adds volatility to the global energy market, reported PTI citing officials familiar with the discussions. The energy cooperation formed a key part of talks on Thursday between Russia’s first deputy…
MUMBAI: The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1 from Tuesday’s 94.83, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.However, with a fresh round of US bombing in Iran post market hours, which resulted in global oil prices surging…
The Reserve Bank of India on Wednesday announced fresh restrictions on authorised dealers (ADs) in the foreign exchange market following a “review of evolving market conditions”, as the rupee remains under pressure, according to PTI.In a late-evening notification, the central bank said ADs — banks authorised to deal in foreign exchange — will not be…
“Energy can never be created, nor destroyed; it can only be changed from one form to another.”The first law of thermodynamics remains a quiet scientific truth despite a broken supply of crude oil due to the ongoing Middle East crisis. As geopolitical disruption tightens its grip around the Strait of Hormuz, that law reads less…
Asian stock markets rose on Tuesday, tracking gains on Wall Street, after US president Donald Trump said Washington had talks with Iran on a possible end to the ongoing conflict in the Middle East. Investor sentiment improved cautiously following Trump’s remarks about “productive talks” over the past two days aimed at “a complete and total…
Gold and silver prices are likely to remain volatile and could see further corrective moves in the coming week, with investors closely watching developments in the Middle East conflict and a packed calendar of major central bank policy meetings, analysts said.Market participants are expected to remain focused on the evolving geopolitical situation, as any sign…
MUMBAI: Gen Z investors who entered the markets during the Covid & post-Covid years are in panic mode. Having not experienced significant market corrections in their short investment journey, they are jittery looking at some red marks in their statements, indicating month-on-month fall in portfolio values. They are also the ones who are regularly asking…
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…