ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…
Gold and silver prices rebounded sharply on Wednesday on the Multi Commodity Exchange of India after witnessing heavy selling in the previous two sessions. The recovery was aided by a softer dollar, while easing oil prices helped reduce concerns over inflation and the trajectory of global interest rates. US President Donald Trump said that Washington…
Gold recorded one of the sharpest weekly losses in recent years in the last week. (AI image) Gold price prediction today: Gold prices are likely to see movement based on inflation projections and rate cut expectations, says Maneesh Sharma, AVP – Commodities & Currencies at Anand Rathi Shares and Stock Brokers.Gold recorded one of the…
Rupee on Wednesday took another fall towards the 94 per US dollar mark, tumbling 20 paise in early trade to reach 93.96 against the greenback. This follows a weak run for the currency this month. Earlier on Tuesday, the currency had already slipped by 23 paise to settle at 93.76, pressured by a stronger US…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex continued their rally on Wednesday rising almost 1% in opening trade. While Nifty50 went above 23,100, BSE Sensex rose over 700 points. At 9:16 AM, Nifty50 was trading at 23,126.65, up 214 points or 0.94%. BSE Sensex was at 74,775.22, up 707 points…
Morgan Stanley initiated its coverage on Fractal Analytics with the target price at Rs 946. Analysts said they see Fractal Analytics as a challenger in the tech services space. With its strong positioning in data and analytics (a segment growing faster than overall IT services spend), and its platform-centric approach to delivering agentic AI services,…
MUMBAI: The Reserve Bank of India (RBI) wants the payments industry to move towards an interoperable system that allows customers to view all mandates across payment instruments, whether UPI or credit cards, in a single interface. The central bank wants to position it as a key customer protection measure at a time when subscription-based services…
NE DELHI: Beer makers on Tuesday warned of supply disruptions this summer due to cost increase and inadequate availability of packing material, while Indian alcohol makers have asked states to revise prices of Indian Made Foreign Liquor, citing price pressures. The Confederation of Indian Alcoholic Beverage Companies said a weaker rupee, along with higher cost…
MUMBAI: Your next bottle of soft drink could cost you more and chances are that you will get lesser value out of the pack of biscuits or chips you buy. Consumer goods companies are implementing a mix of selective price hikes and grammage cuts to pass on some of the steep rise in input costs…
NEW DELHI: Maruti Suzuki on Tuesday approved investment of Rs 10,189 crore to add capacity of 2.5 lakh vehicles per year at its upcoming manufacturing facility in Gujarat, as the country’s largest carmaker looks to meet growing domestic demand including exports. Source link
