NEW DELHI: The central government issued clarification on jet fuel price hike as it capped the increase in aviation turbine fuel (ATF) prices for domestic airlines to 25% on Wednesday. Citing tensions in the Middle East and closure of the Strait of Hormuz triggered by US-Israeli strike on Iran, the Centre called it “only a…
Since the onset of the geopolitical tensions, the currency has declined by roughly 4%. (AI image) Will the US-Iran war lead to the rupee hitting the 100 per dollar mark? Experts are of the view that a prolonged Middle East conflict may lead to the rupee depreciating even more with policy measures unlikely to offer…
European Union energy commissioner Dan Jorgensen warned that amid the ongoing Iran war, oil and gas prices in Europe are unlikely to return to normal levels anytime soon, even if peace were declared tomorrow.Skyrocketing energy costs have pushed gas prices up by about 70% and oil prices by 60% in Europe since the conflict began.“What…
Asian shares rallied in early trade on Wednesday after hopes grew that the Iran war could end soon.MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 2.7%, while South Korea’s Kospi surged as much as 5.5% and Japan’s Nikkei 225 jumped 3.9%.The gains came after US President Donald Trump said that the United States…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex rallied in opening trade on Wednesday on hopes of an end to the US-Iran war. While Nifty50 went above 22,800, BSE Sensex was up over 1,600 points. At 9:16 AM, Nifty50 was trading at 22,828.60, up 497 points or 2.23%. BSE Sensex was…
Trump said that Tehran is not required to reach an agreement for the conflict to de-escalate. He is expected to address the nation later in the day with an update on the situation. Global equity and bond markets strengthened on hopes that tensions in the Middle East could ease. “Should geopolitical tensions de-escalate further, then…
NEW DELHI: Indian firms hoping to ride the global biologics boom are finding the path far tougher than expected, as China tightens its grip further on biotech supply chains. Recent data suggests Chinese companies have bagged more than half of several recent project deals from US biotech companies, underscoring the challenge for Indian players trying…
MUMBAI: The depreciation of the rupee has pushed up the cost of funding overseas education for middle class Indian households, nudging many students to defer their higher education plans by a couple of years or opt for shorter duration courses; some students looking for undergraduate courses are also actively evaluating the prospect of getting enrolled…
MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…
NEW DELHI: Magicbricks has announced a strategic partnership with the School of Planning and Architecture (SPA Delhi) to bring sharper, research-led clarity to the country’s evolving real estate landscape. “By combining large-scale consumer demand signals with academic and spatial planning frameworks, the partnership seeks to create insights that are not just data-rich, but contextually meaningful,”…
