Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. (Representative image) The Middle East conflict and the closure of Strait of Hormuz led to the biggest oil supply shock and disruption in recent times. Global oil supply fell by 13.6 million barrels per day, which…
Mumbai-Ahmedabad bullet train: First section to open in 2027, Japan’s E10 trains by early 2030s NEW DELHI: India’s first bullet train project has moved a step closer as the discussions between India and Japan on the Mumbai-Ahmedabad high-speed rail corridor are progressing well.According to the sources, Japan will provide its next-generation E10 series Shinkansen trains…
The government’s spending on LPG subsidies could climb past Rs 1 lakh crore in FY27, far exceeding the Rs 30,000 crore set aside in the Union Budget, according to a report by PL Capital.The report said the Budget provision of Rs 300 billion has already been surpassed, with the subsidy loss currently estimated at Rs…
With the launch of a hydrogen train, India has undoubtedly taken a big leap in the sphere of greener transportation. Prime Minister Narendra Modi on Friday flagged off India’s first hydrogen-powered train. This ushers India into a group of select countries that have hydrogen trains. India’s first hydrogen-powered train has 10 coaches, with the capacity…
Both the benchmarks rose 1% as the IT sector and banking stocks rallied. (AI image) Stock market rally today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on Friday even as a global markets selloff was underway. Both the benchmarks rose 1% as the IT sector and banking stocks rallied.The…
From a technical perspective, the 8-period EMA has started turning higher and is attempting to cross above the 21-period EMA. Gold price prediction today: Gold prices are favouring a buy on dips strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold August futures have witnessed a sharp intraday recovery after…
Asian equities tumbled in red on Friday as concerns over artificial intelligence led stocks deepened, with Japan and Taiwan recording the sharpest declines. Additionally, growing tensions in the Middle East also kept investors cautious, lifting oil prices while US futures traded lower.Japan’s Nikkei 225 led the regional losses, plunging 5.8% to 62,945.97 after computer chipmakers…
Rupee opened Friday on a stronger note against the US dollar, rising 14 paise in early trade as upbeat sentiment in equity markets supported the currency. However, gains remained capped due to sustained foreign fund outflows and firm crude oil prices amid escalating tensions in the Middle East, according to forex traders.At the interbank foreign…
Prime Minister Narendra Modi’s visit to Haryana, Chandigarh and Punjab on Friday will see the rollout of development projects worth over Rs 24,800 crore, spanning highways, railways, healthcare and education. The itinerary includes the flagging off of India’s first hydrogen-powered train, alongside the inauguration of completed projects and the laying of foundation stones for new…
Silver rate today: Silver, platinum and palladium see sharper declines The weakness in precious metals extended well beyond gold, with silver and platinum group metals posting even steeper losses. Spot silver dropped 3.6% to $55.68 per ounce, while platinum fell 3.1% and palladium declined 4.1%. The broad-based sell-off reflected growing concerns that higher interest rates…