As rupee continues to breach multiple record lows, pressure on India’s balance of payments is growing. To protect foreign exchange reserves and help stabilise trade balance, Prime Minister Narendra Modi has urged people to cut down on gold purchases.But if not buying new gold, could household gold be turned into working capital instead?PM Modi’s call…
Wall Street’s menu of market acronyms has officially moved from Tacos to nachos and investors are discovering this new trade comes with a much spicier aftertaste.After months of betting on the “Taco” trade — shorthand for “Trump Always Chickens Out” — traders are now embracing “Nacho”, or “Not A Chance Hormuz Opens”, as fears grow…
Crude prices stayed elevated as hopes of a quick resolution to the Middle East conflict weakened, raising fears that the closure of the Strait of Hormuz could continue for longer. (AI image) Stock market crash today: BSE Sensex and Nifty50 plunged in trade on Tuesday continuing their downward streak as global crude oil prices continued…
Oil price today: Oil prices extended their rally on Tuesday as uncertainty over the Middle East conflict continued to intensify, with the ceasefire proposal now hanging on “life support.” Brent crude futures were up 30 cents, or 0.29%, at $104.51 a barrel, while US West Texas Intermediate rose 31 cents, or 0.32%, to $98.38 at…
Rupee extended its losing streak on Tuesday, slipping to a record low of 95.63 against the US dollar in early trade, as it remained under pressure from rising oil prices, intensifying geopolitical tensions and fragile investor sentiment.The decline follows an already weak session on Monday, when rupee fell 82 paise to close at 95.31. Sentiment…
The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”.The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard Corps,…
NEW DELHI: The government announced the rationalisation of royalty rates and methodologies for crude oil, natural gas and casing head condensate (a light hydrocarbon liquid obtained during gas production), in a move aimed at simplifying regulations and boosting India’s upstream energy sector.Union petroleum and natural gas minister Hardeep Singh Puri said the decision would bring…
India has reportedly turned down Russia’s offer to sell liquefied natural gas (LNG) cargoes that are under US sanctions, despite rising energy concerns linked to tensions in the Middle East.The decision has left at least one Russia-linked LNG shipment stranded near Singapore while discussions continue over what supplies India can legally purchase.According to a Reuters…
Top stocks to buy or sell today (AI image) Stock market recommendations: Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan has picked Max Healthcare Institute, and Coal India as the top stocks to buy today (May 12, 2026). AU Small Finance Bank is a sell call from the analyst.Max Healthcare Institute: Buy in…
Equity markets extended their losing streak for a third consecutive session on Monday, with benchmark indices witnessing sharp declines as crude oil prices surged after the United States and Iran failed to secure a peace agreement aimed at ending the ongoing conflict in West Asia. The BSE Sensex, comprising 30 shares, plunged 1,312.91 points or…
