Category: Business

Muthoot Finance and IFCI among gainers as broader markets decline during March 13 trading session. India’s benchmark stock indices ended sharply lower on March 13, reflecting continued volatility in the domestic equity market. The BSE Sensex declined by about 1,500 points during the session, while the Nifty 50 closed at 23,151, according to market data. The decline followed selling pressure across several sectors, with market participants reacting to global economic concerns and fluctuations in commodity prices. Analysts said investors remained cautious amid ongoing geopolitical developments and movements in international energy markets. Despite the broader…

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A proposed large-scale oil refinery project in the United States has drawn attention after former US President Donald Trump said the initiative could involve partnerships with companies from India, including Reliance Industries, led by chairman Mukesh Ambani. According to statements cited in media reports, the refinery is planned to be built in Texas and could be valued at around $300 billion (approximately ₹27.7 lakh crore). If completed as proposed, the facility would be the first major new oil refinery built in the United States in roughly five decades. The project has been described as a significant development for the…

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The Indian Rupee weakened to a record low of around ₹92.30 against the United States Dollar in early trading, according to forex market data, as rising global crude oil prices and geopolitical tensions added pressure on the currency. Market data indicates that volatility in the foreign exchange market has increased, with investors closely watching global economic developments and energy supply disruptions. Oil Prices Driving Market Concerns The pressure on the rupee comes as international crude oil prices have risen sharply amid tensions between Iran and Israelin West Asia. Reports suggest that crude oil prices have climbed to…

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Indian benchmark stock indices declined during Thursday’s trading session as global oil prices and geopolitical tensions continued to influence investor sentiment. The BSE Sensex fell 484.28 points to trade at 76,379.43, while the Nifty 50dropped 145.65 points to 23,721.20, according to market data. Analysts said the market remained volatile for the second consecutive day as investors reacted to global developments and rising energy prices. Previous Session’s Sell-Off The latest decline follows a sharp drop in the previous trading session on March 11. During that session, benchmark indices faced significant pressure, with the Sensex…

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India’s ride-hailing market is entering a new phase. A new platform called Bharat Taxi has launched with a cooperative model that aims to change how drivers earn and how commissions are charged. For years, app-based drivers working with global platforms such as Uber and Ola have raised concerns over falling incentives, high commissions, and unpredictable earnings. At the same time, passengers have faced rising fares during peak hours. The launch of Bharat Taxi comes at a time when driver income stability and platform commissions are major policy and business debates in India. Here is a deep…

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