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Concerns over cooking gas availability amid the ongoing conflict in West Asia are prompting households to turn to electric kitchen appliances, triggering a sharp rise in demand for induction cooktops and electric kettles, industry executives said.Tata Group’s Croma has seen a strong spike in consumer interest in induction cooktops over the past few days, while…
Bloomberg Intelligence senior commodity strategist Mike McGlone, who previously said bitcoin could drop to $10,000, is reiterating his call that bitcoin could still fall below that level, an outlook several market analysts said would require an extreme macroeconomic shock. In an interview with EllioTrades, McGlone said the crypto bear market may not be over and…
NEW DELHI: Prime Minister Narendra Modi on Wednesday urged citizens not to panic over rumours of an LPG shortage amid tensions in the Middle East, saying India would overcome the situation just as it did during the Covid-19 pandemic. He also launched a sharp attack on the ruling DMK, accusing the party of corruption and…
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India’s purchases of Russian crude have surged about 50% in March as refiners move to secure alternative supplies amid disruptions to shipments from the Middle East due to the widening military conflict. Ship-tracking data showed imports rising to around 1.5 million barrels per day this month from 1.04 million bpd in February. India–the world’s third-largest…
India has deplored the attack on the Thai-flagged cargo ship, Mayuree Naree, in the Strait of Hormuz, while confirming the ship was bound for Kandla port, Gujarat. It condemned the commercial ship being made a target amid the ongoing conflict.The ministry of external affairs, in a statement, said that targeting the Thai cargo ship and…