Stocks Extend Rally and Oil Prices Stabilize as Investor Optimism Grows
Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal. Source link
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Gold price today: How much 22K, 24K gold costs in your city? Check prices in Delhi, Chennai & more
Gold prices moved slightly higher on Thursday supported by gains in futures markets, while retail rates across major cities showed an upward trend.On the MCX, gold June futures rose by Rs 510, or 0.33%, to Rs 1,54,458 per 10 grams. August contracts gained Rs 391 (0.25%) to Rs 1,56,790, while October contracts were up Rs…
Carbon Removal Industry Reels as Microsoft Retreats
Once held up as a key solution to climate change, a field that aims to remove carbon from the atmosphere is struggling to catch on. Source link
Blackout in Pakistan: Hormuz supply crunch triggers electricity shortage in Islamabad
The Middle East conflict is starting to dim lights in Pakistan. Disruptions at the Strait of Hormuz have hit the globe’s oil pipeline, straining energy supplies across the world and pushing countries to switch on their power saver mode. For Pakistan, the effect has reached common people, with more people working from home and now…
What the U.S. Blockade Means for Iran’s Economy
Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch. Source link
PM Modi, Austrian Chancellor Stocker hold talks, sign MoUs to boost trade, tech ties
Prime Minister Narendra Modi met Austrian Chancellor Christian Stocker in New Delhi’s Hyderabad House on Thursday, holding wide-ranging talks as the two sides exchanged MoUs. Stocker is currently on a four-day visit to India, his first since taking office last year. According to the ministry of external affairs, the meeting focused on strengthening bilateral cooperation…
European Airlines Face Fuel Shortages Within Weeks
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights. Source link
Strait of Hormuz disruptions hit! India’s LPG imports halve from February levels, domestic output also hit
The United States has emerged as India’s largest LPG supplier so far this month. (AI image) In wake of the Middle East conflict, India’s Liquified Petroleum Gas (LPG) imports have dropped sharply this month, falling to nearly half of February levels and extending the decline seen in March, according to shipping data. At the same…
US won’t renew sanctions waiver on Russian, Iranian oil: What it means for India
The United States has decided not to extend the temporary waiver that allowed the sale of Russian and Iranian oil already at sea. The announcement comes as US treasury secretary Scott Bessent on Wednesday said, “We will not be renewing the general license on Russian oil,” adding, “That was oil that was on the water…
New record! Apple’s India vendors export $2.5 billion components to China; may reach $3.5 billion under ECMS
Experts say the surge in electronics exports represents an unexpected boost from the smartphone production-linked incentive scheme. (AI image) In a big achievement for the government’s electronics component manufacturing scheme (ECMS), Apple’s India vendors have already exported a record $2.5 billion components to China. The development also signals a shift from the earlier pattern, where…