Business

August 10, 2026 5:45 PM

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Oil prices up amid signals of not reopening of Strait of Hormuz

 Global crude oil prices edged higher today as Iranian Foreign Ministry spokesperson Esmaeil Baqaei said that the Strait of Hormuz will not reopen until the US continues its naval blockade against Iran. Brent crude was trading 1.4 per cent up at 84 US dollars and 72 cents per barrel in intra-day tra...

August 10, 2026 3:58 PM

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Physical Challans Dispensed with for Voluntary Duty Payments

Directorate General of Foreign Trade (DGFT) has removed the requirement of submitting physical duty payment challans while applying for Export Obligation Discharge Certificates (EODC) under the Advance Authorisation (AA) and Export Promotion Capital Goods (EPCG) Schemes. The Commerce and Industry Mi...

August 9, 2026 6:00 PM

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FPIs Invest ₹12,921 Crore in Indian Equities in August

Foreign Portfolio Investors (FPIs) have remained net buyers of Indian equities during the first week of August. According to the latest depository data, FPIs have invested Rs 12, 921 crore in the domestic stock market so far this month. The buying momentum, which gathered pace in July, has continued...

August 7, 2026 8:07 PM

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Asian markets down, European indices trading in green

In the Asian markets, South Korea’s Kospi index dropped 0.6 per cent, and Japan's Nikkei 225 dipped 0.1 per cent. Major European indices were trading on a positive note today. Germany's DAX added over 0.8 per cent, while London's FTSE 100 rose more than 0.7 per cent, when reports last came in. 

August 7, 2026 7:57 PM

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NBFC loan growth at 14.4% in June 2026 as compared to last year: RBI

  The Reserve Bank of India (RBI) said, credit extended by Non-Banking Financial Companies (NBFCs) grew by 14.4 per cent year-on-year in June 2026, compared to 11.1 per cent a year earlier.   According to the RBI, credit to agriculture and allied activities rose 17.9 per cent, up from 5.1 per cent a...

August 7, 2026 7:16 PM

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India’s Forex rose by over $10bn during last week of July

  India’s foreign exchange reserves rose by 10.5 billion US dollars (USD) to 692.8 billion US dollars during the week ended July 31. According to the Reserve Bank of India data, Foreign currency assets, the largest component of the reserves, increased by 8.7 billion USD to 564.6 billion USD during t...

August 7, 2026 5:35 PM

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India retains top position globally in IPOs: SEBI report

  India’s capital markets remained resilient during the financial year 2025-26 despite global uncertainties, with India retaining the top position globally in the number of Initial Public Offerings (IPO) and ranking third in funds raised.   According to SEBI’s Annual Report released yesterday, the r...

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