‘Inflation coming’: Rahul slams Centre over weak rupee; predicts when govt will hike fuel price

NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi slammed the BJP-ruled central government over falling rupee and called it “clear signs” that inflation was inevitable. He criticised the Centre’s “empty rhetoric” as the country faces economic restrain due to LPG shortage amid West Asia crisis. He claimed that petrol, diesel, and LPG prices…

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Will India resume buying Iranian oil? Refiners eye crude return as US grants waiver

As the US temporarily eases sanctions on Iranian oil imports, Indian refiners are eyeing a resumption of crude purchases from Tehran.According to Reuters, several Indian refining companies are awaiting government direction and clarification from Washington on payment terms before finalising shipments. Watch HUGE VICTORY For Iran? U.S. Forced To Lift Oil Sanctions Under Global Pressure;…

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India’s oil, LPG lifeline: Two more tankers set to cross Strait of Hormuz – list of vessels that have arrived

ANI image As India welcomed the arrival of three crude oil tankers at its ports that travelled through the Strait of Hormuz, two more vessels are scheduled to arrive in the coming days. The move signals cautious easing in the maritime movement of vessels despite ongoing tensions in the region.According to Reuters, two Indian-flagged LPG…

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Dalal Street sees massive bloodbath as Middle East tensions intensify, what should investors do? Here’s what NSE’s Harish Ahuja says

Global markets have been on a bit of a roller-coaster ride lately, shocked by the ongoing Middle East conflict, which has now entered its fourth week. Just by Thursday, he sharp sell off wipped off Rs 12.87 lakh crore from investor’s wealth as Dalal Street witnessed a bloodbath. Going back further, ever since the crisis…

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FPI profile: Foreign portfolio investors remain net sellers; withdrew Rs 35,475 crore from Dalal Street this week

Foreign portfolio investors continued to withdraw from Dalal Street this week, with net outflows amounting to Rs 35,475 crore, as Middle East tensions caused ripples across global markets and weakened investor sentiments. The persistent outflows indicate that foreign investors are adopting a more cautious stance amid an uncertain global environment, with elevated crude oil prices…

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