Why Trump’s Strait of Hormuz Problem Is Going Global
President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran. Source link
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Wholesale inflation hits 11-month high at 2.13%; crude surge may lift WPI further
Wholesale price inflation accelerated to 2.13 per cent in February–the highest level in 11 months–as firming prices of food and non-food articles kept cost pressures elevated despite some easing in vegetable inflation, official data released on Monday showed.The WPI-based inflation rate has now risen for the fourth consecutive month. It stood at 1.81 per cent…
Lululemon Scrambles to Revive Yoga Pants Empire Amid Fight With Founder
The interim chief executives are trying to rejuvenate sales as the founder, Chip Wilson, engages in a proxy battle for the boardroom. Source link
Crude oil stocks adequate, refineries running at full capacity & petrol pumps operating normally: Govt
The government on Monday said India’s fuel supply situation remains stable, with adequate crude oil availability and refineries operating at peak capacity even as geopolitical tensions in Middle East continue to disrupt regional energy flows.Addressing concerns over possible shortages, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas,…
Rising Prices and High Interest Rates Are Making Car Ownership Feel Impossible
Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars. Source link
Vedanta clears Rs 2,575 crore NCD fundraise to refinance debt, strengthen balance sheet
Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through the issuance of non-convertible debentures (NCDs), as the company looks to diversify funding sources and strengthen its balance sheet.According to a filing with the BSE, the panel has cleared the allotment of 2,57,500 unsecured, redeemable, rated and…
Iran War Risks Sharpening Fed Divisions Over Rate Cuts
The Federal Reserve is set to hold interest rates steady this week as officials grapple with a host of new economic risks stemming from the conflict in the Middle East. Source link
India-US trade deal: Commerce secretary shares important update; ‘actual signing when new architecture of tariffs in place’
In early February, India and the US announced a trade deal framework under which the US cut tariffs on Indian exports to 18%. (AI image) India-US trade deal update: Amidst ongoing uncertainty related to tariffs under the Donald Trump administration, Commerce Secretary Rajesh Agrawal has shared an update on the India-US trade deal. The official…
US-Iran war hits stock market: Citi, Nomura cut Nifty50 target prices; here’s the outlook
Nomura has also trimmed its year end forecast for the Nifty 50, lowering the target to 24,900 from 29,300. (AI image) US-Iran war shock for stock markets: Brokerages Citi Research and Nomura have lowered their year end forecasts for the key benchmark index Nifty50, pointing to growing risks to economic growth and corporate earnings as…
Oil Tops $106 a Barrel as Worries Persist About Global Supplies
As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets. Source link