Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Stock markets drop in early trade on renewed geopolitical concerns
Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday, May 5, amid fresh tensions in the Strait of Hormuz region. The rupee falling to all-time low of 95.40…
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Rupee falls 39 paise to close at all-time low of 95.23 against US dollar
Mumbai: Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday, as the ongoing Middle East tensions are causing volatility in global markets, keeping…
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India’s LPG consumption slides 16 pc in April amid West Asia conflict
New Delhi: India’s cooking gas LPG consumption fell by a steep 16 per cent in April as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and…
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BHEL Q4 net profit jumps two-fold to Rs 1,290 crore
New Delhi: State-owned BHEL on Monday posted a two-fold jump in consolidated net profit to Rs 1,290.47 crore during the quarter ended March 31, supported by growth in revenues. It had reported…
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Historic halt: Kuwait exports no crude oil in April, first since 1991 Gulf War
Kuwait exported no crude oil in April 2026, marking the first such stoppage since the aftermath of the Gulf War, according to ship-tracking platform TankerTrackers. In a post on X on Saturday,…
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Fact check: Does producing 1 litre of ethanol take 10,000 litres of water?
Hyderabad: A number has been doing the rounds – 10,790 litres, the amount of water needed to produce just one litre of ethanol from rice. The figure has since led to a sharp…
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Delivery platforms act to protect workers as temperatures cross 40 degrees
New Delhi: As brutal heatwaves sweep across large parts of India, pushing temperatures well above 40 degrees Celsius, the spotlight has once again turned to the millions of gig workers who form…
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Nifty, Sensex likely to stay range-bound with mild bullish bias: Experts
Mumbai: India’s benchmark indices Nifty and Sensex are expected to remain range-bound in the near term, with a slight bullish undertone in Nifty but continued caution in the broader market, according to…
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Royal Enfield sales up 31 pc at 1,13,164 units in April
New Delhi: Mid-size motorcycle maker Royal Enfield on Friday, May 1, reported a 31 per cent rise in total sales at 1,13,164 units in April 2026 as compared to 86,559 units sold…
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Rupee falls to 95.20, its weakest ever, as crude and dollar pile on pressure
Mumbai: The rupee depreciated 32 paise to an all-time low of 95.20 against the US dollar in early trade on Thursday, April 30, weighed down by elevated Brent crude oil prices, hovering…
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Explained: Why the UAE is leaving OPEC after nearly 59 years
Abu Dhabi: The United Arab Emirates (UAE) will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance from Friday, May 1, ending almost 59 years of…
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Flood or earthquake hit your area? Your bank will now help automatically
Hyderabad: If a flood, earthquake or any other natural disaster strikes your area, your bank will now be able to automatically offer you loan relief – without you having to ask for…
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Global gold demand rises 2 pc in Jan-Mar quarter: WGC
Mumbai: Global gold demand rose a modest 2 per cent year-on-year to 1,231 tonnes in the January-March quarter, driven by a sharp 42 per cent surge in bar and coin investment to…
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Sensex, Nifty gain in early trade despite geopolitical tensions, rising oil prices
Mumbai: Domestic equity markets traded higher on Wednesday, April 29, despite a rise in crude oil prices and reports that the United States may extend its blockade of Iranian ports. Sensex traded…
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UAE says it will leave OPEC effective May 1
Dubai: The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumoured for some time as the Emirates…
