Oil prices declined on Tuesday, reversing sharp gains from the previous session, as expectations of imminent US-Iran peace talks eased concerns over prolonged supply disruptions from the Middle East.Brent crude futures fell 95 cents, or 1%, to $94.53 per barrel, while US West Texas Intermediate (WTI) crude for May dropped $1.54, or 1.72%, to $88.07….
China’s increased purchases of ethane also come ahead of a planned mid-May visit by Donald Trump to Beijing. (AI image) China, the world’s second largest economy, is facing supply disruptions due to the ongoing Middle East conflict. China is on track to bring in an unprecedented volume of US ethane this month, as petrochemical firms…
MUMBAI : Multiple reports show that bankers are bracing for slower credit offtake in FY27 after a high base in FY26, with deposit mobilisation emerging as a constraint on margins.According to a survey by the Indian Banks Association and Ficci, lenders have entered FY27 with a constructive but more calibrated outlook, with nearly 71% of…
Indian workers are putting in fewer hours weekly compared to pre-pandemic levels, with self-employed individuals seeing the steepest decline. This trend, alongside modest real earnings growth, suggests lower aggregate demand and a recovery driven by a select few. Women’s increased labor force participation, particularly in rural agriculture, indicates distress-led employment. NEW DELHI: Indian workers put…
Prime Minister Narendra Modi is set to visit Rajasthan on Tuesday, where he will dedicate a major refinery-cum-petrochemical complex to the nation. The plant, located at Pachpadra in Balotra, has been developed by Hindustan Petroleum Corporation Limited in partnership with the Rajasthan government. The refinery is set to reduce reliance on energy imports and boost…
Prime Minister Narendra Modi and South Korean President Lee Jae Myung engaged in high-level talks on Monday at Hyderabad House, focusing on strengthening bilateral ties. The meeting was followed by the exchange of Memorandums of Understanding between the two sides, witnessed by both leaders. External affairs minister S Jaishankar and his South Korean counterpart Cho…
In upcoming years, India’s transmission and distribution (T&D) sector is expected to see steady growth, lifted by investment of almost Rs 9 trillion or Rs 9 lakh crore through 2032. According to a report by Motilal Oswal Financial Services, the current investment cycle, which began in FY22-23, has already improved performance across the sector.It noted…
The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…
Air India is beginning a makeover of its older planes, rolling out upgraded cabins on older aircraft, inducting new planes, and introducing premium airport lounges as part of a broader push to strengthen revenue and return to profitability. The airline is now shifting its focus on high-value passengers to improve earnings and move back towards…
Ongoing conflict in the Middle East might have a direct impact on India’s economy. According to NITI Aayog, the Iran war poses risks to New Delhi’s trade and macroeconomic landscape, putting pressure on the current account deficit (CAD) and the exchange rate.In its quarterly report Trade Watch Oct–Dec (Q3) FY 2025-26, released on Monday, the…