Middle East war to weigh on IMF-World Bank meetings; growth seen slowing, inflation rising

Finance leaders from across the world will meet in Washington this week under the shadow of the Middle East conflict, with the International Monetary Fund (IMF) and the World Bank expected to lower growth forecasts and raise inflation projections as the war disrupts the global economy, according to Reuters report.The conflict marks the third major…

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IndiGo crisis: InterGlobe Aviation’s shares tank over 7%; flight cancellations & disruptions enter day 7

NEW DELHI: InterGlobe Aviation, the parent company of IndiGo, saw its stock plunge over 7% on Monday morning as the airline’s flight cancellations and disruptions extended into a seventh consecutive day. The shares dropped to Rs 4,976.40, down Rs 394.90 (7.35%) as of 11.25am on the BSE amid growing scrutiny from regulators and intensifying passenger…

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India tilts toward hybrid, storage power projects as solar prices remain low: Report

NEW DELHI: India’s power sector tendering pipeline is now shifting towards hybrid and storage-based projects, reflecting a growing focus on improving energy reliability and supporting renewable energy integration, according to a report by Nuvama Research.The report also noted that the country currently has an adequate solar power supply, with solar-hour electricity prices remaining low at…

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