The government has also directed producers to supply LPG, propane and butane to state-run refiners. (AI image) Middle East crisis impact: The government has activated emergency provisions to ensure there is no shortage of liquefied petroleum gas (LPG) in wake of the ongoing US-Israel-Iran war that has hit India’s imports of the energy source. India,…
Stock market today (AI image) Stock market today: After a relief rally on Thursday, Nifty50 and BSE Sensex opened in red on Friday on weak global cues amid escalating Middle East tensions. While Nifty50 went below 24,650, BSE Sensex was down over 500 points. At 9:18 AM, Nifty50 was trading at 24,610.90, down 155 points…
MUMBAI: Sensex reversed its falling trend on Thursday and regained part of the 2,300-point fall recorded in the two previous sessions since the war started in West Asia. At the end of a volatile session the index was up 900 points or 1.1% at 80,016 points.The day’s session started on a strong footing after the…
MUMBAI: The spectre of price hikes is looming for consumers as rising oil prices on the back of escalating West Asia conflict risks inflating input costs for companies which will eventually have to pass on the increase to shoppers across the country, straining household budgets. From lotions and detergents to ACs, washing machines and even…
NEW DELHI: State-run GAIL India Thursday said its supplies from Petronet LNG may be hit due to curtailments from QatarEnergy, even as the government is in talks with Australia and Canada to purchase gas.On Wednesday, Petronet had informed stock exchanges about the force majeure notice from QatarEnergy which was forced to stop production after a…
As the Middle East crisis escalates, concerns have grown over a possible rise in petrol and diesel prices. However, despite a sharp increase in global crude oil prices, fuel rates in major Indian cities have remained unchanged. Consumers can breathe a sigh of relief as retail petrol and diesel prices in the country are not…
Gold prices showed mixed movement in futures trade on Thursday, while retail bullion rates across major Indian cities witnessed a mild correction amid recent volatility in global markets.As of 14:59, gold futures on the Multi Commodity Exchange (MCX) remained largely steady across contracts. The April 2026 contract was trading at Rs 1,61,600 per 10 grams,…
With March 31, 2026, serving as the definitive cut-off, only those investments and expenditures completed on or before this date qualify for tax benefits. (AI image) As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitting investment proofs to…
The ongoing conflict in the Middle East could pose short-term challenges for the Indian economy by pushing up oil prices and disrupting trade flows, though the country’s long-term growth trajectory is unlikely to be significantly affected, according to Nagesh Kumar, an external member of the Reserve Bank of India’s Monetary Policy Committee (MPC).In an emailed…
As tensions continue to heat up in the Middle East, concerns are raising about disruptions to one of the world’s most critical energy shipping routes, the Strait of Hormuz. Any disruption could significantly affect major oil-importing countries such as India, as the narrow Strait of Hormuz is central to global energy trade. The strait sees…
