Business

NEW DELHI: India’s oil demand will increase more than any other country, accounting for 12% of global energy market on the back of rapid economic growth through 2050, according to BP plc chief economist Spencer Dale.“When we look ahead, India is the fastest-growing energy market in the world… So when we think about what’s driving…

A global competition for energy export dominance is unfolding between the US and China, with contrasting strategies- America focuses on fossil fuel exports, while China emphasises clean energy technology sales.China has emerged as the frontrunner in the race for now. Its clean technology exports, including electric vehicles, solar panels, and batteries, reached $20 billion in…

AI image used for representative purposes Gold’s price has experienced a significant surge, rising over 50% annually and achieving a 30% CAGR over three years, according to MCX data. In India, the festive season traditionally sees high demand for gold, both for jewellery and investment purposes.While gold investments in any form require income tax payment…

India’s oil consumption is expected to surpass all other nations by 2050, driven by robust economic growth, accounting for over 12 per cent of global energy usage, according to BP’s chief economist Spencer Dale. As the world’s third-largest oil importer and consumer, and fourth-largest LNG importer, India’s oil demand is projected to rise from 5.4…

Lenskart, Wakefit get Sebi nod for IPOs Lenskart Solutions Ltd and five other companies, including Wakefit Innovations Ltd, have received Sebi’s approval for their initial public offerings (IPOs), according to a recent market regulator update.The regulatory approval was granted to Tenneco Clean Air India, Waterways Leisure Tourism (Cordelia Cruises operator), Shree Ram Twistex, and Lamtuf…

Bearish bets by overseas investors on Nifty futures surged to record levels last week, signifying their sustained equity sell-off amid weak sentiment triggered by US tariff actions on India.Data from the National Stock Exchange (NSE) shows that as of Friday, the bullish bets of foreign fund managers on Nifty index futures stood just above the…

India’s digital payments ecosystem is set for a major security overhaul as the Reserve Bank of India (RBI) introduces new authentication guidelines, effective April 2026. The new framework will require banks to adopt a risk-based model for verifying transactions — a move aimed at strengthening fraud prevention while keeping the payment experience smooth for users.Under…

Russia remained the main supplier, delivering about 1.6 million bpd, constituting 34 per cent of total imports. (AI image) Donald Trump-led US government may be pressurising India to curb its crude oil trade with Russia, but Russian oil continues to form the biggest share in India’s crude import basket.India’s imports of Russian crude oil showed…

October is shaping up to be one of the busiest festive months of 2025, with major celebrations such as Diwali and Chhath Puja lined up across India. As a result, banks will remain closed on several days this month, as per the Reserve Bank of India (RBI) holiday calendar.According to the RBI calendar, several public…

Gold prices are extending their impressive rally, briefly breaching the $3,900 mark for the first time. (AI image) Gold price prediction today: Gold prices are expected to maintain their bullish streak in the coming days with any dips offering an opportunity to buy, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services…