Oil India Limited discovered the presence of natural gas in an exploratory well drilled in the Andaman Sea, marking a significant development in India’s offshore exploration efforts, announced union minister for petroleum and natural gas Hardeep Puri.The discovery has been made in the “Sri Vijayapuram-3” well, located about 15 km off the east coast of…

US stocks ended lower on Friday, with technology shares leading the decline, as a stronger-than-expected jobs report reduced expectations of interest rate cuts by the Federal Reserve this year.The S&P 500 fell 0.7%, while the Dow Jones Industrial Average declined 81 points, or 0.2%. The tech-heavy Nasdaq Composite dropped 1.4%, weighed down by losses in…

Finance minister Nirmala Sitharaman on Friday said the government remains committed to driving the “Reform Express” through decisive policy measures to sustain economic momentum despite global challenges, even as the Reserve Bank of India lowered its FY27 growth forecast.Earlier in the day, the RBI cut its GDP growth projection for FY27 to 6.6% from 6.9%…

Experts are of the view that India’s bonds have been made attractive. (AI image) Looking to preserve its foreign exchange reserves and defend the rupee, the government and the Reserve Bank of India on Friday announced several steps aimed at attracting foreign inflows. Record foreign capital outflows amid the ongoing US-Iran conflict have added immense…

Pakistan’s foreign exchange reserves are nearing the government’s $18 billion target for FY26, but a widening trade deficit, mounting external payment obligations and pressure on the rupee are raising concerns about the country’s economic stability, PTI reported.Data released by the State Bank of Pakistan (SBP) showed the country’s foreign exchange reserves increased by $43 million…