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The dollar drifted higher against the yen and euro on Friday, building on the previous day’s gains as doubts about an Iran peace deal buffed the U.S. currency’s appeal as a haven. The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to Federal Reserve Chair Kevin Warsh…
In many civil property disputes. parties approach the police claiming unlawful possession, trespass or obstruction, as they expect their issue to be resolved. The Allahabad High Court has made it clear that police authorities cannot step in to decide possession or ownership in such disputes. The court recently said that police can intervene only to…
Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT. U.S….
In an interview with Mint, Narendra Bharindwal, president of the Insurance Brokers Association of India (IBAI), discusses what the reforms mean for brokers, whether they can curb mis-selling, the implementation challenges ahead, and how the role of insurance intermediaries is evolving in an increasingly digital market.
The Employees’ Provident Fund Organisation (EPFO) has recently issued a reminder to its members, urging them to understand the basic concept associated with an ‘inoperative’ EPF account. This knowledge is important for members to help them avoid losing out on interest. Through a post on X, the retirement fund body elaborated in detail on the…
Mumbai: The BSE benchmark Sensex’s first weekly expiry since the implementation of the new closing auction session saw spurts in the index like the moves seen in its peer Nifty over the past three days, though the magnitude was lower. Market participants said that while unusual moves continued to dominate, these would be the new…
Mumbai: Foreign portfolio investors ( FPIs) and Indian arms of international trading companies have urged the regulator and senior government officials to prune securities transaction tax (STT), which together with capital gains tax is a double whammy for investors. At a meeting with Securities & Exchange Board of India (Sebi) and officials of Department of…
Oil rose as prospects for a lasting agreement to reopen the Strait of Hormuz remained elusive. Treasuries held their losses ahead of the key US jobs data report. Brent rose 1.4% to $83.65 a barrel as tensions in the Middle East and a lack of clarity on a deal to reopen the crucial waterway lifted…
Mumbai: Yes Bank and State Bank of India are among the handful of market participants that have lowered their expectations of a policy-rate increase in the foreseeable future after the Reserve Bank of India on Wednesday sounded relatively dovish on inflation. Yet, most others have more or less stood by their earlier forecasts. Yes Bank,…
ET Intelligence Group: LEAP India, a supply chain and asset-pooling company, plans to raise ₹480 crore through a fresh issue to repay debt. It will also seek to raise ₹2,000 crore through an offer for sale. The promoter group’s stake will fall to 60.4% after the IPO from 95.4%. LEAP India offers equipment pooling, returnable…