The government will launch the seventh tranche of auctions for critical and strategic minerals on Monday, putting 19 blocks on offer across multiple states as part of efforts to strengthen domestic resource security.The move comes as India seeks to boost self-reliance in clean energy, advanced technologies, fertilisers and other strategic sectors amid global supply-chain disruptions,…
The Middle East conflict has entered its fourth week and the developments have sent shockwaves through global stock markets. For the upcoming week, investor sentiment is expected to remain sensitive to global developments, particularly the ongoing crisis and its impact on crude oil prices, in the holiday-shortened trading week ahead. Alongside geopolitical cues, movements in…
Foreign investors have turned cautious on Indian equities this month, pulling out Rs 88,180 crore so far as rising global tensions, a weakening rupee and high oil prices dent sentiment. The sharp outflow comes just weeks after a strong February, when foreign portfolio investors (FPIs) had pumped in Rs 22,615 crore, the highest in 17…
Global airlines have suffered their worst financial shock since the COVID‑19 pandemic as the ongoing war involving US Israel and Iran has disrupted industry operations, wiping more than $50 billion off the market value of the world’s largest carriers amid rising fears of fuel shortages.The conflict, now entering its fourth week, has grounded flights, disrupted…
The Middle East crisis has left oil markets on edge, and the volatility is expected to continue. Prices are likely to stay high, even as forecasts vary on how long the surge will last, with the ongoing conflict still disrupting global supplies. Prices edged lower on Friday but held firmly above the $100 mark, reflecting…
Karnataka: LPG cargo ship from US arrives at New Mangalore Port NEW DELHI: The Pyxis Pioneer, a Singapore-flagged cargo vessel carrying liquefied petroleum gas (LPG) from Texas in the United States, docked at New Mangalore Port in Karnataka’s Mangaluru on Sunday.Click here for live updates on Middle East crisis The tanker, built in 2019, arrived…
Fishermen in Gujarat will continue to receive diesel at subsidised rates after the Centre decided to roll back a recent steep increase in bulk fuel prices, following a request from the state government. The relief comes after oil companies raised the price of bulk diesel by Rs 22.43 per litre for industrial users earlier in…
The Iran war has entered its fourth week and global oil markets are showing a clear split with actual fuel supply prices are rising much faster than widely tracked oil futures. Brent crude, the global benchmark, has jumped over 50% to around $112 a barrel following the near-complete closure of the Strait of Hormuz and…
NEW DELHI: Deepening its investigation into the alleged multi-crore fraud involving Reliance Communications (RCOM) and State Bank of India (SBI), CBI has questioned three former top-tier executives of the Anil Ambani-led Reliance Group.The agency issued summons to Satish Seth and Gautam Doshi, both former group managing directors, for examination in connection with the FIR registered…
MOSCOW: The US-Israeli missile attack on Iran’s Bandar Anzali, a key transit hub on the INSTC linking Mumbai with St Petersburg, is a major blow to the Indo-Russian ambition of boosting bilateral trade to $100 billion by 2030 via the crucial corridor, experts said Saturday.The 7,200-kilometre long multi-modal International North-South Transport Corridor (INSTC) links Mumbai…