The Strait of Hormuz, a critical global shipping route, is also emerging as a vulnerable corridor for undersea internet cables as tensions in West Asia escalate.The passage controls about a third of India’s westward internet traffic, and experts say this capacity cannot be easily rerouted because alternate routes have limited supply.The deteriorating security situation has…
Asian stocks mostly fell on Friday as the ongoing conflict in the Middle East continued to unsettle global markets, while oil prices remained elevated despite some efforts to ease supply concerns.After a difficult week on trading floors, investors are heading into the weekend uncertain about when the US-Israel war on Iran and Tehran’s attacks across…
Stock market today (AI image) Stock market today: After a relief rally on Thursday, Nifty50 and BSE Sensex opened in red on Friday on weak global cues amid escalating Middle East tensions. While Nifty50 went below 24,650, BSE Sensex was down over 500 points. At 9:18 AM, Nifty50 was trading at 24,610.90, down 155 points…
MUMBAI: Bank of Baroda raised Rs 10,000 crore through Series I long-term green infrastructure bonds, becoming the first bank in India to issue domestic green bonds.The seven-year bond was placed on the Electronic Book Provider platform of the National Stock Exchange of India with a Rs 5,000 crore base issue and a Rs 5,000 crore…
NEW DELHI: State-run GAIL India Thursday said its supplies from Petronet LNG may be hit due to curtailments from QatarEnergy, even as the government is in talks with Australia and Canada to purchase gas.On Wednesday, Petronet had informed stock exchanges about the force majeure notice from QatarEnergy which was forced to stop production after a…
NEW DELHI: India on Thursday reiterated that it’s in a comfortable position with regards to energy supply, amid the Middle East tensions.Country’s energy situation is being reviewed twice a day and remains in a comfortable position on energy security despite the escalating tensions in West Asia, government sources, cited by ANI, said. India Confident To…
India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…
Petroleum is the most immediate area of exposure. In 2025, India sourced roughly $70 billion crude oil and petroleum products from West Asia. (AI image) Beyond oil, the Middle East crisis has other implications for the Indian economy, especially if the US-Israel-Iran war continues for a long duration leading to major supply disruptions. In recent…
In a move that will benefit thousands of state employees, the Madhya Pradesh government has decided to increase the dearness allowance (DA) to 58%, aligning it with the rate currently given to central government employees.The revised allowance will be applicable from April 2026 and will be paid with the May salary. The decision also covers…
The United States will not extend to India the kind of sweeping economic concessions it once granted China, said Deputy Secretary of State Christopher Landau on Thursday, claiming that those incentives allowed China to emerge as a rival.Speaking at the Raisina Dialogue, India’s flagship conference on geopolitics and geoeconomics, Landau made it clear that while…