BENGALURU: Electric two-wheeler maker Ather Energy said its board will meet on June 12 to consider raising fresh capital as the company gears up for its next phase of growth. The company said it may raise funds through equity shares, foreign currency convertible bonds, NCDs, warrants or other convertible securities. The fundraising could be undertaken…

Markets are likely to remain volatile in the near term amid escalating tensions in West Asia, which continue to keep crude oil prices elevated and triggering persistent Foreign Institutional Investor outflows. Investor sentiment is expected to remain cautious as the lack of meaningful progress in the ongoing US-Iran negotiations continues to fuel concerns over global…

India’s purchases of Russian crude have remained elevated. (AI image) Making its energy security mandate clear, India has said that it is buying crude oil from Russia irrespective of a sanctions waiver by the US. The statement from Sujata Sharma, joint secretary in the petroleum ministry comes days after a Bloomberg report said that India…

The Indian rupee strengthened to a one-week high on Friday, supported by steps taken by the Reserve Bank of India (RBI) to limit the impact of dollar buying by state-run oil refiners.The currency rose 0.5% to 92.7250 per dollar by 10:50 am, marking its strongest level since April 10. Traders said the move followed a…