Business News - Page 2

Bank holiday today: RBI keeps agency banks open for year-end transactions

Banks remain shut in many states for Mahavir Jayanti, but RBI has directed agency banks to stay open on March 31 to process government transactions before the financial year closes

China PMI jumps to 1-year high, but war risks cast shadow on recovery

China’s factory activity expands at the fastest pace in a year in March, but rising costs and West Asia conflict threaten to cloud the recovery outlook

Asia stocks eye worst fall since 2022 as West Asia war rattles markets

Asian markets are set for their worst monthly fall since 2022 as the escalating West Asia war drives oil prices to record gains, stoking inflation fears, hammering equities, and strengthening the US dollar

Oil rises for 4th day, Brent above $115 as West Asia conflict tightens supply

Oil prices rose for a fourth straight day, with Brent trading above $115 a barrel as the escalating West Asia conflict and disruption in the Strait of Hormuz tightened global supply and lifted crude towards record monthly gains

War lifts dollar to monthly highs; yen steadies on intervention threat

The US dollar heads for its strongest monthly gain in months as the Iran war boosts safe-haven demand, while the yen recovers on rising intervention threats from Japan

Asian stocks erase 2026 gains as Iran war stokes inflation fears

Asian stocks erased their 2026 gains as the Iran war pushed oil prices higher, fuelling inflation concerns and dampening investor sentiment across regional markets

Gold steadies as Fed’s Powell signals inflation under control

Gold prices stabilise near record levels as Fed Chair Jerome Powell signals confidence in long-term inflation, even as West Asia tensions keep safe-haven demand intact

Powell backs ‘wait-and-see’ as Iran war muddies inflation outlook

Jerome Powell says the US Federal Reserve can “wait and see” the impact of the Iran war on inflation, as rising energy prices create uncertainty but do not yet warrant a rate move

'Taken into police custody': CoinDCX's Sumit Gupta recounts ordeal after impersonation fraud

CoinDCX’s CEO launched a Rs 100 crore Digital Suraksha Network to fight online scams after being wrongly linked to a fraud case

MeitY clears Rs 7,104 crore plan; rare earth magnet unit, Micron scale-up in focus

MeitY approves 29 projects under ECMS, targeting critical components, local battery manufacturing, and semiconductor scale-up; over 14,000 jobs expected

BOJ flags rising inflation risks from oil surge and weak yen, reinforces path toward 2% target

Central bank says shifting corporate behaviour and rising inflation expectations could intensify price pressures, shaping future rate decisions

Markets tumble as Nifty slips below 22,350, Sensex crashes over 1,600 points

Rupee touches 95.12 intraday before settling at a historic 94.83 close, while broad-based selling led by metals and financials drags benchmarks sharply lower

India’s growth rides on strong domestic demand, but West Asia tensions pose stagflation risks: Morgan Stanley

Strong consumption, GST buoyancy and improving credit trends support outlook, but energy shocks and geopolitical volatility pose downside risks

WTO Cameroon talks collapse as divisions deepen over e-commerce tariff moratorium

Brazil’s veto stalls e-commerce tariff moratorium as reform talks shift to Geneva amid rising geopolitical and trade tensions

Sensex opens down 1,105 pts at 72,477, Nifty below 22,500 as FPI sell-off deepens

Foreign investors dump $11.7 billion in Indian equities; rising crude prices and global uncertainty trigger a sharp sell-off across benchmarks

WTO members near reform deal at 14th Ministerial, e-commerce divide persists

Countries participating in the 14th WTO Ministerial conference are close to sign a reform plan. This comes even as divisions among them persist over extending a long-standing moratorium on customs duties for electronic transmissions such as digital downloads.

India stands alone against China-led investment pact at WTO meet

Minister Piyush Goyal said that India has strongly opposed the contentious China-led Investment Facilitation for Development (IFD) Agreement for its incorporation into the WTO framework. This is not the first time India has pushed back on the IFD pact. At the MC13 ministerial conference in Abu Dhabi, India had similarly opposed the agreement.

India flags downside risks to growth as West Asia crisis disrupts energy supply

India had projected a growth rate of 7.0 to 7.4 per cent for the next financial year. However, the government review warns that this target is increasingly difficult to achieve given the rapidly shifting geo-economic environment.

Top 5 Indian CEOs leading multibillion dollar US firms

The global corporate hierarchy has undergone a profound shift as Indian origin executives take the reins of America’s most powerful firms.

EU seeks coordinated response to energy price shock amid Iran war, warns against costly subsidies

Finance ministers push for targeted relief to shield vulnerable households while avoiding fiscal strain and market distortions

Iran crisis may slash Asia growth by 1.3 pts, push inflation up 3.2 pts: ADB

Energy shocks, Hormuz risks, and tighter financial conditions threaten Asia’s macro stability if conflict persists

Maduro capture, Iran war…: Polymarket bets spark buzz over Donald Trump Jr’s role in prediction markets

Suspiciously accurate bets on Iran strikes and the Maduro operation have spotlighted insider trading risks in prediction markets, with Donald Trump Jr’s links to Polymarket and Kalshi drawing fresh scrutiny

Dubai and Doha built world's best airports — Iran war could reroute globe trotters around them

A prolonged Iran conflict is threatening to disrupt the dominance of Gulf aviation hubs like Dubai International Airport and Hamad International Airport, as airlines reroute flights, and global airfares face upward pressure

Elevated oil and gas prices to test India’s efforts to meet fiscal deficit targets: ICRA

Sticky global energy prices amid West Asian tensions cloud India’s fiscal outlook

India cuts petrol, diesel taxes; imposes export duties to shield domestic supply amid Iran war

India cuts petrol and diesel taxes and imposes export duties to protect domestic fuel supply and curb price shocks amid the Iran war and global energy disruption

Sensex crashes over 1,300 points, Nifty below 22,950 as sell-off deepens on Iran war fears

Indian markets deepened losses by noon, with the BSE Sensex crashing over 1,300 points and the Nifty 50 falling below 22,950, as a sharp sell-off in heavyweights intensified amid Iran war-driven oil price concerns

Hormuz chokepoint disruption may trigger agri inflation and supply crunch: Goldman Sachs

Strait of Hormuz crisis, fertilizer prices, global agriculture markets, LNG supply, food inflation risk, Goldman Sachs report

ByteDance is worth $550bn and even its own staff can't track all its apps — but Beijing is watching

ByteDance is expanding rapidly across AI, e-commerce and social media, but faces growing regulatory scrutiny from both Washington and Beijing even as it scales globally

Rupee crashes past 94 per dollar to record low as Iran war fears spark energy shock

The Indian rupee hit a record low beyond 94 per dollar as escalating Iran war fears kept oil above $100 per barrel, intensifying pressure on India’s currency through rising inflation risks

Selling Seoul, buying solar: Iran war is reshaping Asia's investment map in real time

The Iran war is driving record capital outflows from emerging Asian markets while boosting investment in China’s renewable energy sector, signalling a major shift in global investment trends