File photo: Union minister Piyush Goyal Union minister Piyush Goyal on Saturday said India is well placed to handle any disruption in crude oil and fuel supplies despite the worsening Middle East crisis, asserting that there has been “absolutely no disturbance” in petrol, diesel or aviation fuel availability, while also indicating that the government will […]
FPI profile: Foreign investors pull out Rs 52,704 crore in a fortnight as Middle East conflict rattles markets
Foreign portfolio investors (FPIs) turned aggressive sellers in Indian equities in March, pulling out Rs 52,704 crore (around USD 5.73 billion) from the cash market in the first fortnight of the month. The withdrawals come amid escalating tensions in West Asia, the weakening of the rupee and growing concerns over the impact of elevated crude […]
Market recap: Mcap of top-10 firms erodes Rs 4.48 lakh crore; SBI, HDFC Bank see sharpest fall
A sharp sell-off in equities last week led to a significant erosion in the market value of the country’s most valuable companies, with the top 10 firms together losing Rs 4.48 lakh crore. Banking heavyweights State Bank of India and HDFC Bank saw the steepest decline in their valuations during the period. The fall in […]
Trump’s forced labour probe: China faces closest scrutiny; what does it mean for India?
India’s exports of solar panels, electronics and garments may come under closer scrutiny after the United States launched a fresh trade investigation into the presence of forced labour in global supply chains, a report by the Global Trade Research Initiative (GTRI) has said.Earlier on March 12, the United States Trade Representative (USTR) announced the probe […]
Middle East crisis: How will Americans pay for the Iran war as oil prices soar
The Middle East crisis is no longer just a geopolitical standoff, rather it has now escalated into a full-scale war zone, with the potential to send shockwaves through multiple economies. Analysts have warned that the US and Israel’s attack on Iran could carry direct consequences for consumers and the broader economy. At the heart of […]
Dubai air travel disruptions: Air India cancels, IndiGo reschedules flights after UAE restricts operations
Air India cancelled several flights scheduled for Sunday, to the United Arab Emirates, especially Dubai, as the evolving West Asia crisis has led to operational restrictions and schedule changes across the region.In a statement posted on X, Air India said UAE airport authorities had instructed airlines to reduce operations. “In view of the latest instructions […]
Middle East Crisis: ‘More than adequate stocks’: Government assures no fertiliser shortage amid Middle East crisis
The ongoing Middle East crisis has triggered concerns over the supply of several essential commodities, including fertilisers. Addressing these worries, the government on Saturday said the country’s fertiliser availability remains stable, assuring that existing stocks of urea and other key crop nutrients are “more than adequate”.Speaking at an inter-ministerial media briefing on the situation related […]
DCM Shriram secures $90mn IFC funding
NEW DELHI: DCM Shriram said it will receive $90 million from International Finance Corporation, the World Bank Group’s private sector arm, through sustainability-linked non-convertible debentures. Proceeds will fund expansion of its chemicals business. Source link
Government bars LPG supply access for consumers with piped gas connections
NEW DELHI: The Ministry of Petroleum and Natural Gas on Saturday said consumers with piped natural gas (PNG) connections will no longer be allowed to retain, obtain or refill domestic LPG cylinders under an amended supply order.The ministry, in amendment order, said that it will bar government-run oil marketing companies from issuing new LPG connections […]
Force majeure explained: Why Gulf countries are invoking it amid Iran vs US-Israel war
What is force majeure and why have some Gulf countries invoked it during the Iran vs US-Israel war? As the Middle East conflict between Iran, the United States and Israel intensifies, a legal term rarely discussed outside corporate boardrooms has suddenly become headline news and that is force majeure. Several Gulf energy producers, including Qatar, […]