The conflict between the US, Iran and Israel is no longer just in the Middle East, it is quietly slipping into portfolios, monthly budgets, and yes, even that study-abroad dream!On February 28, the US and Israel launched joint strikes on Iran, and the ripple effects are now being felt right at home. At the centre…
The US-Israeli war with Iran is beginning to hit companies across the world, with businesses already reporting losses of at least $25 billion due to rising oil prices, disrupted trade routes and higher operating costs.Company statements from firms in the United States, Europe and Asia showed that businesses across sectors are struggling with the fallout…
Bhubaneswar: SEBI chairman Tuhin Kanta Pandey on Monday said volatility triggered by the ongoing West Asia crisis remains within manageable limits for Indian markets, which he described as “resilient”.“The sooner the crisis is resolved, the better for the rest of the world. However, I can say that Indian markets have remained quite resilient. Volatility has…
India has so far raised its petrol and diesel rates by around 4%, much less compared to the double digit hikes seen across major economies. (AI image) Petrol, diesel price hike: The rise of global crude oil prices to above $100 per barrel levels since the start of the US-Iran conflict has sent shockwaves across…
NEW DELHI: Indian Oil Corporation, the country’s largest oil marketing company, Monday said that its net profit soared 2.8 times to Rs 36,802 crore during the last financial year, compared with Rs 12,962 crore a year ago, partly driven by inventory gains.During the Jan-March quarter, IndiaOil’s net profit jumped over 1.5 times to Rs 11,378…
MUMBAI: The legal cases that the Adani Group and its various top officials, including Gautam Adani, the group’s chairman, were facing in the US came to an end on Monday.Adani Enterprises (AEL), the flagship of the Ahmedabad-based Adani Group has paid $275 million (about Rs 2,650 crore at Monday’s exchange rate) to settle a case…
Reduce Focus On Profits, Improve Transparency, Curb Misselling’Irdai has sought to link insurance company CEO salaries to customer outcomes, introduce clawbacks and increase transparency. This follows a study by the regulator which showed that CEO salaries were all over the place with key management at times accounting for a big chunk of the wage cost….
Oil prices fell on Tuesday after US President Donald Trump said that a planned attack on Iran had been paused to allow talks aimed at ending the Middle East conflict.Brent crude for July delivery dropped by $3.01, or 2.7%, to $109.09 per barrel at 0001 GMT. US West Texas Intermediate crude for June delivery also…
The government on Tuesday dismissed rumours suggesting that it is planning to monetise gold held by temples and religious institutions across the country. The clarification came after several social media posts and media reports claimed that the Centre was preparing to issue gold bonds to temples in exchange for their gold reserves. Responding to the…
Separately, the group reached a settlement with the US Treasury Department over civil allegations linked to sanctions violations. Adani group stocks today: After the US Department of Justice withdrew all criminal allegations against billionaire Gautam Adani and his nephew Sagar Adani, shares of Adani group rallied on Tuesday. Stocks of several Adani Group firms, including…
