India Becomes World's Largest Ship Recycling Hub, Achieves 2030 Target Ahead of Schedule

New Delhi — India has emerged as the world's leading ship recycling nation in 2025, accounting for 35.4 per cent of global ship recycling, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD).

MSCI Index Review May Bring Over Rs. 30,000 Crore into Indian Stocks: Report

New Delhi: India's equity markets could witness passive inflows of more than **?30,000 crore** following the upcoming review of the **MSCI India Standard Index**, according to a report by JM Financial.

Morgan Stanley Capital International…

Strong SUV Demand Drives Double-Digit Sales Growth for Hyundai and Kia in India

Seoul: Strong demand for sport utility vehicles (SUVs) helped South Korean automakers Hyundai Motor and Kia register robust sales growth in the Indian passenger vehicle market during the first five months of 2026, according to industry data released…

India Expands LPG Import Sources Amid West Asia Crisis; OMCs Bear Rs 22,000 Crore Losses

New Delhi: India significantly diversified its liquefied petroleum gas (LPG) imports during the recent conflict in West Asia, increasing purchases from the United States, Iran, and several other countries to reduce its dependence on Gulf suppliers,…

BFSI Funds Top May Returns as Investors Continue to Favour Large-Cap Mutual Funds

Mumbai: Banking, Financial Services and Insurance (BFSI) thematic mutual funds emerged as the best-performing investment category in May, delivering a 5.5 per cent return while attracting Rs 1,013 crore in net inflows, according to a report by Vallum…

IT Stocks Sink as Accenture Outlook Cut Triggers Sharp Sell-Off in Sector

Mumbai: Indian IT stocks witnessed heavy selling on Friday, dragging the Nifty IT index down more than 6 per cent after global technology services giant Accenture lowered its revenue growth forecast and warned of a challenging demand environment.

Higher Oil Prices May Push India's Current Account Deficit to 2.2% of GDP in FY27: Crisil

New Delhi: India's current account deficit (CAD) is expected to widen sharply to 2.2 per cent of GDP in FY27 from an estimated 0.6 per cent in FY26, as persistently high global crude oil prices put pressure on the country's…

OMC Stocks Surge as Crude Oil Falls Below $80 per Barrel

Mumbai: Shares of state-owned oil marketing companies (OMCs) rallied on Wednesday after global crude oil prices slipped below the $80-a-barrel mark, boosting investor sentiment on expectations of lower input costs and improved profitability.

RBI Opens Direct Equity Investment Route for Foreign Individuals in Listed Indian Companies

Mumbai: The Reserve Bank of India (RBI) has taken a significant step to boost foreign investment by allowing authorised dealer (AD) banks to open repatriable rupee accounts for overseas individuals investing in listed Indian companies. The move expands…

Rupee Jumps 58 Paise as Easing Oil Prices Lift Market Sentiment

The Indian rupee posted a strong gain against the US dollar on Monday, rising 58 paise amid a sharp decline in global crude oil prices following reports of a breakthrough peace agreement between the United States and Iran.

The domestic currency…