As the ongoing conflict in the Middle East tightens pressure on global energy supply routes, oil giants from UAE and Qatar are turning to unconventional shipping tactics to move its oil and gas out of the Persian Gulf to nations that need energy. Adnoc is navigating one of the world’s most sensitive maritime corridors, the…
FM Sitharaman has stressed the need to closely monitor the three critical areas of fuel, fertiliser, and foreign exchange. (AI image) A prolonged US-Iran conflict has finally begun to hit India home, with economists signalling that the longer the crisis continues, the more difficult the situation would become for the economy. Finance Minister Nirmala Sitharaman…
Shares of major Oil Marketing Companies rallied strongly on Monday, jumping up to 6%. These gains came after the government hiked fuel prices in the country for the fourth time in 10 days, making petrol Rs 2.61 per litre costlier and diesel by Rs 2.71 per litre.Shares of Hindustan Petroleum Corporation Limited (HPCL), Indian Oil…
Union finance minister Nirmala Sitharaman on Monday said that reducing excise duties on petrol and diesel would lead to a revenue loss of around Rs 1 lakh crore. She also stressed the need to give confidence to people and that “India cannot afford fear mongering.”Her remarks came as fuel prices saw a fresh round of…
Top stocks to buy today (AI image) Stock market recommendations: Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities recommends buying Varun Beverages Ltd, and Elecon Engineering Company Ltd as the top stock picks for the May 25, 2026 week. The expert also shares his outlook for Nifty and Bank Nifty:Varun Beverages LtdVBL has…
Economists are of the view that if global crude oil prices remain high, a hike in petrol and diesel prices every few days may be the new reality. (AI image) Petrol and diesel prices were increased again on Monday by Rs 2.61–2.71 per litre as state-run fuel retailers continued to pass on the impact of…
“Positive global market sentiment, strength across major Asian markets, and easing concerns around global geopolitical tensions have improved overall risk appetite among investors, which may continue to support bullish momentum in the near term. Nifty ended on a mildly positive note on 22nd May 2026, closing at 23,719.30, up 64.60 points or 0.27%. The index…
Rupee began the week in green, gaining 40 paise to 95.20 against the US dollar in early Monday trade. The currency was driven by optimism in global markets over hopes of a potential peace deal between the United States and Iran. In the interbank foreign exchange market, the rupee opened at 95.36 against the US…
Goldman Sachs has a neutral rating on ITC with the target price maintained at Rs 330. Analysts said the company’s Jan-March quarter (Q4FY26) earnings numbers are not comparable on a yearly basis (YoY) due to cigarette tax structure change. They expected peak earnings impact from cigarette tax hike in Q1FY27. They estimate cigarette volume decline…
Oil prices tumbled over 5% on Monday, falling below the $100 per barrel mark, buoyed by optimism over a potential agreement aimed at ending the US-Iran war. The market reaction came even as US President Donald Trump sought to cool expectations of an imminent breakthrough.At around 7:40 am, WTI Crude was trading at $92.41, down…
