NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said the ongoing global challenges should act as a “wake-up call” for Indian industry to become self-efficient and productive, make better use of free trade agreements, and reduce dependence on imports to strengthen the economy.Amid trying times, India has an opportunity to outshine others, he…

MUMBAI: Rising oil prices weighed on investor sentiment on Dalal Street for the third consecutive session that pulled sensex down by 1,000 points (1.3%) on Friday to close at 76,664 points. Foreign funds continued to sell aggressively, leading to a 2,609-point fall in the sensex in the last three sessions. The weakness of the rupee…

Old gold exchange transactions at jewellery stores have surged by as much as 60% year-on-year as soaring gold prices encourage consumers to use existing jewellery to fund fresh purchases, according to an ET report citing industry executives.The report said exchange-led purchases now account for almost half of sales at leading jewellery chains. The trend has…

“Indian equity markets are expected to open on a negative note, with Gift Nifty trading at 23,260, down by 180 points. Asia-Pacific equities traded mixed in early trade following a volatile session on Wall Street, as strength in technology stocks was offset by persistent geopolitical uncertainties. In the previous session, The Nifty 50 remained under…

The Centre on Tuesday said it has ensured 100 per cent supply for domestic LPG consumers, Piped Natural Gas (PNG) users and Compressed Natural Gas (CNG) transport services despite the ongoing Middle East crisis, while urging people not to indulge in panic buying.Addressing an inter-ministerial briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in…

Oil prices fell again on Wednesday, dropping for the second day in a row. This decline came as hopes for renewed talks between the US and Iran reduced worries about long-term supply issues. However, concerns about risks in the Strait of Hormuz still affect the market.Brent crude futures slipped 0.55% to $94.27 a barrel, after…