Business

June 16, 2026 12:48 PM

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Bank of Japan raises interest rate to 1% amid weak Yen and higher prices

The Bank of Japan has raised its benchmark interest rate to one percent today, citing challenges stemming from a weak Japanese yen and higher prices. Inflationary pressures due to the West Asia conflict, resulted in hike in oil prices, have hit Japan hard since it imports almost all its oil and gas....

June 16, 2026 1:57 PM

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Sensex, Nifty trading up during afternoon session

   Benchmark domestic equity indices were trading around half a per cent up in the afternoon session today. The Sensex rose 475 points to 76 thousand 740 while the Nifty advanced 115 points to 23 thousand 970, when reports last came in. On the sectoral front, Realty, IT, and FMCG stocks gaining the ...

June 16, 2026 7:20 AM

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Government hikes export duties on diesel and Aviation Turbine Fuel

  The Government has increased the Special Additional Excise Duty (SAED) on the export of diesel and Aviation Turbine Fuel (ATF) in its latest fortnightly review. With effect from today, the export duty on diesel has been raised to 14 rupees per litre from 13 rupees 5 paisa per litre, while the levy...

June 15, 2026 1:53 PM

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India’s WPI-based inflation accelerates to 9.68 % year-on-year in May

  India’s Wholesale Price Index (WPI) based inflation accelerated to 9.68 per cent year-on-year in May under the newly released WPI series, compared with 8.26 per cent in April under the old series. The release marks the first major revision of India’s wholesale inflation series in over a decade, wi...

June 15, 2026 2:32 PM

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Domestic markets witnesses strong gains during afternoon trade

Benchmark domestic equity indices witnessed strong gains in the afternoon session today following the announcement of a peace deal between the United States and Iran. The Sensex climbed 922 points to 76 thousand 450, while the Nifty rose 287 points to 23 thousand 910, when reports last came in. Easi...

June 15, 2026 7:11 AM

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Oil prices down as US & Iran to end 107-day war

The US and Iran finalised a deal to end their 107-day war and open the Strait of Hormuz, the narrow waterway used to ferry one-fifth of the global oil supplies. US President Donald Trump made the announcement of Truth Social last night, saying America will end its naval blockade on Iranian ports. Oi...