India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering…
NEW DELHI: The United States on Wednesday again hailed India as a “great partner”, praising New Delhi’s purchase of oil from its old ally Russia and crediting it as an effort to maintain stable oil prices around the world.The US envoy to India, Sergio Gor, wrote on X, “India has been a great partner in…
Union minister Piyush Goyal. (ANI photo) NEW DELHI: Union Minister Piyush Goyal on Wednesday assured that India is not facing any fuel shortage despite growing volatility in global energy markets triggered by the ongoing conflict in West Asia.Addressing reporters in Tiruchirappalli, Goyal said the government is closely monitoring developments and taking proactive measures to ensure…
The trajectory of bullion prices could depend on the duration & intensity of the conflict as global investors reassess risk exposure. (AI image) Gold price prediction today: Gold prices have been stuck in a range for some time now and developments on the US-Iran front will determine trajectory, says Maneesh Sharma, AVP – Commodities &…
NEW DELHI: Air India and Air India Express will operate a total of 58 scheduled and non-scheduled flights to and from West Asia on Wednesday, as the ministry of civil aviation said it was closely monitoring the situation in West Asia and its impact on flights between India and the region.Amid the escalating conflict in…
The United Nations on Tuesday warned of “significant risks” to global trade and development, including higher food prices and cost-of-living pressures, if the Strait of Hormuz remains closed amid the ongoing Middle East conflict.A report by the UN Conference on Trade and Development (UNCTAD) said the military escalation following US–Israeli strikes on Iran and Tehran’s…
Oil prices fell to around $88 per barrel after a report said that the International Energy Agency (IEA) is considering a record release of emergency oil reserves to stabilise global markets amid the escalating conflict in the Middle East, according to Bloomberg.According to a report by the Wall Street Journal, the proposed release could exceed…
MUMBAI: Rating agency Moody’s Ratings and its Indian affiliate Icra said the West Asia conflict should have limited near-term impact on India’s banking system, though a prolonged oil spike could dent growth and lift inflation.Moody’s baseline view sees banking outlook stable and real GDP growth at 6.4% in FY27; credit/deposit growth broadly aligned, loan growth…
Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Wednesday as Middle East tensions and US-Iran war continued to add uncertainty to global markets. While Nifty50 was above 24,250, BSE Sensex was near 78,300. At 9:18 AM, Nifty50 was trading at 24,284.90, up 23…
Top stocks to buy (AI image) Stock market recommendations: Syrma SGS Technology, Sagility India, Emcure Pharmaceuticals are the top stocks that are recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares and Stock Brokers.Syrma SGS Technology – Reversal Setup Near Key Support ZoneBuy: ₹745 | Stop Loss: ₹660 | Target: ₹880Syrma SGS…
