Refiners have begun scouting for alternative crude sources to offset supplies affected by the conflict in West Asia. (AI image) India is looking at several emergency measures to tackle the risk of fuel shortages if shipping through the Strait of Hormuz remains affected for an extended period. Strait of Hormuz in the Persian Gulf is […]
Gold and silver prices soar: Yellow metal hits Rs 1.66 lakh, silver gains Rs 20,000 — should you buy on dips?
Gold and silver metals inched higher on Monday, on the back of strong safe-haven demand from investors amid ongoing geopolitical tensions intensifying in the Middle East. The yellow metal rose by Rs 7,000 per 10 grams to Rs 1.66 lakh while silver inched to Rs 2.86 lakh, recording a gain of Rs 20,000 per kg. […]
Asian stocks today: Nikkei falls over 1,400 points, Kospi plunges 4%; markets continue to fall amid Middle East tensions
Asian stocks plunged on Tuesday as investors reacted to the ongoing tensions in Iran and its potential impact of regional energy supplies. In Hong Kong, HSI was down 74 points or 0.29% to 25,985. South Korea’s Kospi index also opened sharply lower after Monday’s holiday, plunging 4.88% to 5,939.Shanghai and Shenzhen also fell 0.07% and […]
Current account deficit widens to $13.2bn in Q3
India’s external accounts have deteriorated modestly, though less than expected. Data released by the RBI showed that the current account deficit (CAD) widened to $13.2 billion or 1.3% of GDP, in Dec quarter of FY26 from $11.3 billion (1.1% of GDP) a year earlier.The slippage was driven largely by merchandise trade, as exports to the […]
Sensex falls 1,048 pts on war in West Asia, fear index up 25%
MUMBAI: The escalating war in West Asia took a heavy toll on investors on Dalal Street as stocks crashed on Monday that left them poorer by Rs 6.6 lakh crore. With the war between the US-Israel and Iran elevating geopolitical risks, the sensex closed 1,048 points (1.3%) lower at 80,239 points, a closing level not […]
1970s-style oil shock loading? Crude may hit $100 if Strait of Hormuz shuts amid Middle East tensions – what it means
The Strait of Hormuz serves as the primary outlet for most crude exports from the Persian Gulf. (AI image) Will oil prices hit $100 due to ongoing tensions and conflicts in the Middle East? Oil, quite literally, is the fuel that drives global economies. Rising oil prices in turn can trigger inflation across goods and […]
Supreme Court: Homebuyers cannot be forced to accept flats without occupancy certificate; builder clauses can’t override consumer rights
The homebuyers also pointed out that possession in one case was accepted only due to urgent need. (AI image) In a significant judgment reaffirming consumer protection in housing disputes, the Supreme Court has held that homebuyers cannot be compelled to accept possession of flats without an Occupancy Certificate and that contractual clauses limiting compensation cannot […]
Russia remains largest supplier of crude to India in February, Saudi Arabia close second
NEW DELHI: While Russia remained the largest supplier of crude to India in Feb, Saudi Arabia narrowed the gap and emerged as a close second, with supplies from the West Asian country rising by 30% to over 1 million barrels a day (mbd), compared to 7.7 lakh barrels in Jan this year.According to data shared […]
West Asia conflict: Govt may ask companies to cut exports, increase auto fuel, LPG supplies
NEW DELHI: Amid fears of a shortage in crude supplies, govt is looking to nudge refiners to divert more auto fuel and LPG to the domestic market by cutting on exports and also increase cooking gas production so that there is no disruption in local supplies.While govt and oil companies insisted there’s no shortage, refiners […]
IIP sees 4.8% YoY growth in January; manufacturing & electricity support rise
For January 2026, the sector-specific indices stood at 157.2 for mining, 167.2 for manufacturing and 212.1 for electricity. (AI image) India’s Index of Industrial Production saw a 4.8% increase year-on-year in January 2026, according to the Ministry of Statistics & Programme Implementation. The rise in industrial output was largely driven by a 4.8 per cent […]