IBT Business Desk

Articles by IBT Business Desk

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Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Commercial LPG Gets Costlier From June 1, Businesses Face Higher Fuel Costs

Commercial LPG cylinder prices have increased across major cities from June 1, raising fuel costs for hotels, restaurants and businesses. However, domestic LPG cylinder rates remain unchanged, providing relief to households. The revised prices for commercial and Free Trade LPG cylinders came into effect immediately. Jun 1, 2026
Gold declines 1.36% this week on dollar strength, Fed outlook

Gold declines 1.36% this week on dollar strength, Fed outlook

Gold prices declined 1.36 per cent this week as a stable US dollar and stronger-than-expected US inflation data strengthened expectations of a possible Federal Reserve interest rate hike later this year. MCX gold futures fell 0.59 per cent May 30, 2026
RBI expands e-rupee pilots, starts tokenised credit deposit trial

RBI expands e-rupee pilots, starts tokenised credit deposit trial

RBI is advancing cross-border CBDC collaborations with Singapore and the UAE, while joining international initiatives to improve digital payment systems. The central bank plans to widen CBDC use cases despite e-rupee circulation remaining relatively low at Rs 1,016 crore as of March 2025. May 29, 2026
Sensex crashes 1,092 points amid US-Iran uncertainty, late sell-off

Sensex crashes 1,092 points amid US-Iran uncertainty, late sell-off

Indian markets tumbled on Friday, with the Sensex dropping 1,092 points and the Nifty falling 359 points amid US-Iran uncertainty and heavy late-session selling. Broader markets also declined, while losses in heavyweight shares such as Reliance Industries and ITC outweighed gains in IT stocks. May 29, 2026
Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

Global oil prices rebounded nearly 4 per cent after fresh US military strikes on Iran reignited fears of supply disruptions and uncertainty over the Strait of Hormuz. Brent crude rose to around $97.91 per barrel, while WTI crude climbed close to $92 per barrel. May 28, 2026
Eid al-Adha 2026: Is Bakrid on May 27 or 28? Here's Why the Date Changed After Moon Wasn't Sighted

Indian stock markets closed on May 28 for Eid al-Adha

Indian stock markets remained closed on May 28 on account of Eid al-Adha, with trading suspended across the NSE and BSE in equities, derivatives, currency, and securities lending segments. Trading will resume on May 29. May 28, 2026
BSE Sensex and Nifty 50 closed lower amid rising geopolitical tensions linked to the US-Iran situation. The Sensex fell 141.90 points to settle at 75,867.80, while the Nifty slipped 6.55 points to close at 23,907.15.

Sensex, Nifty slip amid weakness in banking stocks

BSE Sensex and Nifty 50 closed lower amid rising geopolitical tensions linked to the US-Iran situation. The Sensex fell 141.90 points to settle at 75,867.80, while the Nifty slipped 6.55 points to close at 23,907.15. May 27, 2026
Govt Clarifies No Plan To Monetise Gold Held By Temples

Gold, silver rise on safe-haven demand amid geopolitical uncertainty

Gold and silver prices edged higher amid rising safe-haven demand due to ongoing geopolitical uncertainty and cautious optimism over possible US-Iran peace negotiations.Gold futures traded slightly higher around ₹1,57,780, while silver futures gained over 0.6 per cent to trade near ₹2,72,379. May 27, 2026
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