MUMBAI: The sudden exit of Atanu Chakraborty, HDFC Bank non-executive chairman late on Wednesday, unnerved several of the lender’s shareholders and fund managers as it came at a time when the war in West Asia has been weighing heavily on investor sentiment. The news of Chakraborty’s resignation led to a 8.4% crash in its stock…
NEW DELHI: The conflict in West Asia may delay the roll out of the India-Oman free trade agreement, which was expected to kick in from April 1, while the UK is on course to implement the trade treaty with India around May 1, top govt officials said Thursday.EU has indicated that it is on course…
ISLAMABAD: The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years, according to a media report on Thursday. The Manila-based bank said the facility was part of its 2026-30 Country Partnership Strategy (CPS2026-30) launched on Wednesday.According to a report in the Dawn newspaper, the…
Working on Eid ul Fitr 2026 in the UAE? Know Your Legal Rights and Compensation In The Emirates As Eid ul Fitr approaches and millions across the UAE prepare for celebrations, a pressing question is trending among workers: Can your employer ask you to work on a public holiday and if yes, what are your…
India is a big importer of LPG and LNG and relies heavily on supplies from Middle Eastern countries such as Qatar. (AI image) Middle East conflict impact: What happens when the world’s argest liquefied natural gas (LNG) hub suffers extensive damage? Qatar’s key gas hub, Ras Laffan, has sustained extensive damage after multiple strikes from…
European gas prices have more than doubled since the US-Israel-Iran conflict began. (AI image) Is an Armageddon scenario about to play out? Europe and Asia are facing a nightmare scenario with the escalating crisis in the Middle East now increasingly impacting key energy infrastructure. The latest shockwave for the market has come in the form…
NEW DELHI: Amid the global rush to secure energy supplies, Indian agencies have seen the cost of natural gas (LNG) nearly double from around $10-12 a unit before the West Asian conflict to $19-20 per metric million Btu (MMBtu) when they made purchases in the spot market this week.The spike comes in the wake of…
Eid ul Fitr 2026 gold rush begins as prices drop in the UAE markets After weeks of soaring prices that kept many buyers on the sidelines, gold has finally taken a sharp turn in the UAE, dropping over Dh50 from its March peak and triggering a surge in last-minute Eid shopping across Dubai’s jewellery markets….
File photo (Picture credit: AP) Six major powers, Britain, France, Germany, Italy, the Netherlands and Japan, said on Thursday they are ready to support efforts to ensure safe passage through the Strait of Hormuz, as the conflict in the Gulf continues to disrupt one of the world’s most critical energy chokepoints.In a joint statement, the…
If the US were to ‘unsanction’ Iran oil at sea, India would be able to step up procurement. (AI image) Will India get access to Iran crude oil soon? The Donald Trump administration has signalled the possibility of waiving sanctions on floating Iran crude oil to ease the ongoing shock in the global energy markets….