Page 11 - Reuters

Oil prices fall 5% as Trump signals de-escalation in US-Iran tensions

Oil dropped sharply from the previous sessions, when Brent touched a six-month high and ​WTI was hovering near its highest since late September on mounting tensions between the United States and Iran

RBI shores up rupee after Budget underwhelms bond, equity investors

The rupee appeared on course to open near its all-time low of 91.9875 per dollar, but the RBI's intervention helped shore it up to 91.60, a gain of 0.4 per cent from its closing level on Friday

Budget slows fiscal consolidation but remains 'neutral' for growth: Fitch

The government will target a ‌debt-to-GDP ratio of 55.6 per cent ​for 2026-27, resulting in a fiscal deficit of 4.3 per cent of GDP, Finance Minister Nirmala ‍Sitharaman said

US pitches Venezuelan crude to India as its Russian oil imports slow

India became a major buyer of Russian oil after Russia's invasion of Ukraine in 2022 triggered Western sanctions that drove down its price

Rising oil, gas, and LNG demand pulls global commodity traders to India

As consumption growth slows in most major economies, trading firm executives told the India Energy Week conference that they see opportunities across crude, refined fuels and liquefied natural gas

Gold extends losses on firm dollar, silver recovers from over 3 week low

The dollar clung onto its gains as investors weighed what a US Federal Reserve under Warsh might look like, with his preference for a smaller balance sheet

KKR-led group nears deal to buy Singapore data-center firm STT GDC: WSJ

KKR-led consortium with Singtel nears a deal to acquire ST Telemedia Global Data Centres, valuing the firm at over $10 billion amid surging AI-driven demand

India clears foreign funding of manufacturing equipment, boosting Apple

In India, unlike China, Apple was concerned that if it paid for machines for its contract manufacturers, Indian law could consider that ​a so-called "business connection" and impose taxes

Budget 2026 'tactical', not a 'breakthrough', says Moody's Ratings

The economy is seen growing at 7.4 per cent in ‌the current financial year, with ​inflation likely to be near 2 per cent

Centre to borrow record ₹17.2 trillion in FY27, bond supply tops estimates

The net borrowing will rise to ₹11.73 trillion next fiscal ​from ₹11.33 trillion for the current fiscal, according to the budget. India's fiscal year runs April through March

Apple to prioritise premium iPhone launches in 2026 amid RAM crunch: Report

Reportedly, the move is aimed at optimising resources and maximising revenue and profits from premium devices amid rising cost of memory chips and materials

Budget 2026: Govt raises infra spending by 8.8% to record ₹12.2 trillion

India has significantly raised infrastructure spending after the Covid-19 pandemic, aiming to boost economic growth and create more jobs in the world's most populous country

Nvidia CEO Huang denies OpenAI friction, says 'huge investment' planned

Huang statement followed The Wall Street Journal report on Friday that Nvidia plan to invest $100 billion in OpenAI had stalled after some inside the chip giant expressed doubts about the deal

US special envoy for Iraq no longer in the post amid tensions with Baghdad

Savaya, a Christian Iraqi-American entrepreneur, was among a handful of Arab Americans named to senior posts by Trump, however, it was not immediately clear what prompted Savaya's departure

Budget 2026: What to expect on fiscal deficit, defence and infrastructure

The government is likely to aim for a fiscal deficit at 4.2 per cent of GDP for 2026-27, down from 4.4 per cent this fiscal year

Budget 2026 to focus on reforms as room for spending shrinks amid risks

To boost private investment and demand, govt has rolled out reforms in recent months, including income tax cuts, labour law overhauls and steps to open the tightly controlled nuclear power sector

One person killed, 14 hurt in blast in Iranian port of Bandar Abbas: Report

The semi-official Tasnim news agency said that social media reports alleging that a Revolutionary Guard navy commander had been targeted in the explosion were "completely false"

Premium water becomes new status symbol for India's wealthy elite

Bottled water demand in United States or China is driven by convenience, making it a $30 billion-plus market in each country which will grow just 4-5% each year, Euromonitor says

PM Modi's ally proposes bill to ban social media for children in India

India, the world's second-biggest smartphone market with 750 million devices and a billion internet users, is a key growth market for social media apps and does not set ‌a minimum age for access

China factory activity contracts in Jan, manufacturing PMI drops to 49.3

Sub-indexes of new orders and new export orders also saw declines, respectively down to 49.2 from 50.8 in December and 47.8 from 49.0 in December