RBI Governor says rate hike talk ‘premature’ as crude prices, monsoon remain uncertain NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra has pushed back against expectations of an imminent interest rate hike, saying it is “premature” to discuss tightening given the fragile truce between the US and Iran and the uncertainty it creates for…

With the country consuming around 5 million barrels of crude each day, the current inventory is enough to meet approximately 21 days of demand. (AI image) India has replenished its crude oil stocks, with oil inventory levels now near a one-year high. India’s crude oil inventories have recovered sharply and are now close to their…

A sharp selloff in technology stocks weighed on sentiment. Fresh geopolitical concerns also added to the cautious mood in the market. (AI image) Stock market breaks winning streak: Indian equity benchmark equity indices, BSE Sensex and Nifty50, snapped their five-session winning streak on Friday, with the Sensex shedding 607 points and the Nifty settling at…

NEW DELHI: Peak temperatures and the sweltering heat this year have delivered a windfall for consumer brands, with quick-commerce platforms driving robust growth in heat-linked categories.As temperatures climbed across the country, demand for products ranging from ice creams and beverages to sunscreens more than doubled year-on-year in May as consumers sought relief from the relentless…