MUMBAI: As the West Asia war rages on, India’s middle class has begun bearing the brunt. From airfares to air-conditioners, home interiors, bottled water and even regular laundry services, companies across segments are starting to take price hikes to cope with inflating input costs on the back of of supply disruptions and soaring oil, derivatives…
MUMBAI: HDFC Bank has terminated three employees, including senior executives, after an internal probe into the alleged mis-selling of Credit Suisse AT-1 bonds to NRI clients at its UAE operations. The action follows regulatory scrutiny and investor complaints. Shares of the bank closed down 2.4%, continuing Thursday’s decline following the sudden resignation of the bank’s…
NEW DELHI : Weight-loss therapy costs are set to reduce substantially by up to 90%, with generic versions of injectable semaglutide are expected to hit pharmacy shelves from March 21. The move kicks off one of the most closely watched price wars in the high-stakes obesity and diabetes drug market.This is in the wake of…
BENGALURU: Walmart-owned e-commerce firm Flipkart on Thursday said its group chief financial officer Sriram Venkataraman is quitting the firm as the company prepares for its next phase of growth and a potential public listing.Venkataraman will remain with the company for a period to ensure continuity and a smooth handover, Flipkart said. During this transition, Ravi…
MUMBAI: Net selling by foreign funds in the stock market is on track to break the all-time monthly record as rupee this month has been weakening to record lows at regular intervals and rising crude oil prices are threatening India’s macro fundamentals as the war in West Asia is continuing without any sign of de-escalation.So…
MUMBAI: The rupee fell to a record low of 93.71 on Friday, dropping 108 paise from its previous close of 92.63, marking its sharpest single-day decline in four years, as fears of oil prices staying above $100 for longer intensified with the West Asia conflict widening to attacks on energy infrastructure in the region.Forecasters are…
NEW DELHI: India’s weekly LPG imports fell to 265,000 tonnes in the week to March 19, from 322,000 tonnes on March 5. West Asia inflows declined to just 89,000 tonnes in the week to March 19, the lowest share since Jan 2026, according to S&P Commodities At Sea (CAS).The report, however, added that alternative regional…
NEW DELHI: Feeling the pinch of a surge in global crude prices, oil marketing companies on Friday increased the retail price of 95-octane premium petrol by nearly Rs 2 a litre and jacked up the rates of industrial diesel by Rs 22 a litre.At the same time, IndianOil, the country’s largest fuel retailer vowed to…
A federal jury in San Francisco has found Elon Musk liable for defrauding Twitter (now X) investors in 2022 by disparaging the company in an effort to secure a lower purchase price for the platform, Bloomberg News reported on Friday.Jurors concluded that Musk intentionally misled shareholders by claiming the social media company—later renamed X—had an…
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,…
