India’s gold imports rose 28.73% to $69 billion during April-February 2025-26, driven by elevated prices of the precious metal, according to Commerce Ministry data cited by PTI.Gold imports had stood at $53.52 billion in the corresponding period of 2024-25.The sharp rise in imports contributed to a widening trade deficit, which increased to $310.60 billion in […]
Gold, silver rate outlook: Prices seen range-bound; Middle East tensions, US data in focus
Gold and silver are likely to trade in a range with a positive bias in the coming week as investors track geopolitical developments in West Asia and key global macroeconomic data, analysts said, according to PTI.Market participants will also watch the Reserve Bank of India’s monetary policy decision due mid-week for further cues.“Going into the […]
Govt ramps up LPG supply, urges no panic amid Middle East crisis
The government has stepped up LPG supply across the country and urged consumers to avoid panic buying amid concerns over disruptions linked to the Strait of Hormuz, PTI reported on Sunday.Sale of small 5-kg LPG cylinders, available over the counter at distributorships on valid ID proof, has been ramped up to meet demand. These market-priced […]
Stock markets outlook: Dalal Street braces for swings as RBI MPC decision, war risks weigh on sentiment–Check key triggers
Domestic equities are expected to remain volatile this week as investors track the Reserve Bank’s monetary policy decision, global macroeconomic cues and evolving developments in the West Asia conflict, analysts said, according to PTI.Market participants will also keep a close watch on crude oil price movements and foreign fund flows, which continue to influence sentiment.Vinod […]
RBI likely to hold repo rate at 5.25% amid inflation risks from Middle East crisis
The Reserve Bank is expected to keep the benchmark repo rate unchanged at 5.25% in its April monetary policy review, as rising inflation risks linked to the Middle East crisis cloud the outlook, according to a poll of economists cited by PTI.Geopolitical tensions, volatile commodity prices and sharp currency movements — with the rupee hitting […]
OPEC+ to consider output hike as US-Iran war disrupts oil supply routes
OPEC+ may approve an oil output increase at its meeting on Sunday, though the move is expected to remain largely symbolic as key producers are unable to raise supply due to disruptions caused by the US-Israeli war with Iran, Reuters reported citing sources.Eight OPEC+ members are scheduled to meet at 1300 GMT to discuss production […]
Dalal Street recap: Six of top-10 firms lose nearly Rs 65,000 crore in mcap; Bharti Airtel leads decline
Stock market ended the holiday-shortened week in red, dragging down the combined valuation of six of India’s ten most valued companies by Rs 64,734.46 crore, with Bharti Airtel emerging as the biggest loser. The broader market reflected the subdued sentiment, as the BSE Sensex slipped 263.67 points, or 0.35 per cent, while the NSE Nifty […]
FPI sell-off deepens: Rs 23,801 crore withdrawn in a week; March sees record Rs 1.17 lakh crore exit
Foreign portfolio investors (FPIs) extended their heavy sell-off in Indian equities this week, pulling out a net Rs 23,801 crore, as global uncertainties and rising crude oil prices continued to dampen investor sentiment.Data from the National Securities Depository Limited showed that March had already seen substantial outflows, with FPIs offloading equities worth Rs 1,17,775 crore, […]
India makes first oil purchase from Iran in 7 years with no payment hurdle
Representative image (AI-generated) Amid the ongoing Middle East crisis that has disrupted the global oil supply chain, Indian refiners have made their first purchase in seven years since 2019, according to Reuters.India had not received any cargo from Tehran since the US pressured it to halt crude imports, according to the petroleum ministry. This marks […]
India Pharmaceutical Exports: India’s pharma exports rise 5.6% to $28.29 billion till Feb in FY26; sector seen doubling to $130 billion by 2030
India’s pharmaceutical exports remained on a growth track in the last financial year despite global headwinds, crossing $28 billion during April–February FY26, while industry leaders said the sector is on course to nearly double in size to $130 billion by 2030.Speaking at the inaugural session of the ‘Chintan Shivir: Scaling Up Pharma Exports’ on Saturday, […]