US-Iran conflict impact: The global energy shock triggered by the US-Israeli conflict with Iran is now rippling through economies far beyond the Middle East, exposing how deeply interconnected fuel supply chains have become. For example, in India, shortages of cooking gas are emerging, while in California, gasoline prices have surged to nearly $6 per gallon….
US stock indexes traded mixed on Monday as easing Treasury yields and lower oil prices helped calm some investor concerns after last week’s bond-market selloff, according to a Reuters report.The Dow Jones Industrial Average gained 139.25 points, or 0.28 per cent, to 49,665.42 in early trading. The S&P 500 edged up 3.27 points, or 0.04…
The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and…
Mumbai: IPO-bound Muthoot Fincorp sees increased duty on gold adding to loan growth as higher prices post the hike expand borrowing headroom, even as the company has begun tracking end-use of loans from April in line with Reserve Bank of India norms and finds that a majority 70% are for productive purposes rather than consumption.Explaining…
Commerce and Industry Minister Piyush Goyal on Monday urged industry stakeholders to identify products that can be manufactured domestically to reduce India’s dependence on imports and strengthen local production capabilities, PTI reported.Addressing domestic traders, the minister also asked industry to focus on boosting exports and prioritising products made in India over imported goods.“You should keep…
This is how India’s first bullet train would look (Courtesy: Indian Railways via ANI) NEW DELHI: Indian Railways has unveiled the design of the country’s first bullet train, set to run between Mumbai and Ahmedabad, displaying an image of the train at the Ministry of Railways in the national capital.Also Read: India’s first ‘swadeshi’ bullet…
Trading in Electronic Gold Receipts (EGRs) on the National Stock Exchange (NSE) begins from May 18, marking a significant change in India’s organised gold market and offering investors a new way to buy and hold the precious metal in digital form, ET reported.The market will operate from Monday to Friday between 9 am and 11:30…
Petrol and diesel became Rs 3 costlier last week, and your monthly budget is set to feel a little heavier. The ongoing conflict in the Middle East has pushed global fuel prices higher, tightening energy supplies, with countries adopting a range of measures to manage the pressure.In India, the government raised fuel prices for the…
India’s overall merchandise exports increased 13.8 per cent year-on-year in April 2026, largely supported by petroleum exports. (AI image) India’s import burden started climbing in April 2026, with the country’s merchandise trade deficit widening to $28.4 billion, compared with nearly $27 billion in April 2025 and $20.7 billion in March 2026. The expansion in the…
Your next petrol, diesel and CNG refill is set to cost more! Fuel prices have once again come under pressure after a recent hike of Rs 3 per litre in petrol, diesel and CNG rates, pushing everyday transport and household fuel costs back into focus. The increase comes amid a sharp rally in global crude…