What began as a conflict between the US, Iran and Israel, is now sending ripples far beyond the Middle East, spilling across the global economy. According to a report by the United Nations Development Programme (UNDP) the crisis risks pushing nearly 8.8 million people into poverty, with South Asia accounting for the largest share. The…
Japanese auto major Nissan on Tuesday said the company is open to explore “options” and may look to work with compatriot Honda for a stronger play in India as the two companies work on strategies to strengthen operations in one of the world’s most high-potential car markets. The statement comes even as the company still…
Russia’s oil and fuel export revenues rebounded in March, recovering from February’s lows as global prices surged amid the Iran war, according to the International Energy Agency (IEA).Russia’s revenues from crude oil and refined products rose in March after falling to their lowest level since the start of the Ukraine conflict in 2022 in February,…
The Uttar Pradesh government on Tuesday approved an interim hike of around 21% in minimum wages for workers in Gautam Buddh Nagar and Ghaziabad, following large-scale protests by thousands of factory workers in Noida. The fresh minimum wage structure introduced across worker categories, will be taking effect retrospectively from April 1. The agitation, which had…
Trump has warned that any ship in international waters that had paid transit fees to Iran could be intercepted. (AI image) The Donald Trump administration has implemented a blockade of the Strait of Hormuz amid the US-Iran ceasefire even as peace talks have failed. What does this blockade of the crucial Strait of Hormuz by…
Gold price prediction today: Gold prices may trade range-bound with a bearish bias as a breakthrough in US-Iran peace talks remains elusive, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
China’s export growth slowed sharply in March, with a year-on-year rise of just 2.5% as the Middle East war continues to cast a shadow over global demand and energy markets. The latest customs figures not only fell below expectations but also marked a sharp slowdown from the 21.8% growth seen in the first two months…
Asian markets opened on a stronger note on Tuesday lifted by lower oil prices and hopes of US-Iran talks. US dollar reflected cautious optimism over renewed diplomatic efforts between Washington and Tehran, even after a breakdown in weekend peace talks.In Seoul, financial markets reacted positively to the prospect of a deal. The benchmark KOSPI surged…
Planning a bank visit this week? You might want to check your city’s bank holiday list first! Bank holidays in India often vary from state to state, depending on the event, occasion and regional festivals. With no single uniform calendar followed across the country, your bank trip might be wasted in case the day turns…
Emkay Global Financial Services has initiated its coverage of Avenue Supermart (D-Mart) with a sell rating and the target price at Rs 3,700. Analysts said the stock, trading at 70x forward price-to-earnings (P/E) ratio prices in a business D-Mart needs to become, not what it is. Quick commerce players are now only 4-13% pricier than…