Hardeep Singh Puri chairs meeting with media fraternity and petroleum ministry officials NEW DELHI: Amid concerns over oil supply concerns due to Middle East tensions , govt assured that India has enough reserves for “robust” energy supplies to deal with the situation.“Held a very positive informal interaction with members of the media fraternity to brief…
The Middle East is on the boil but your wallet might feel the heat too as the ongoing conflict ripples across your grocery bills. The crisis is set to impact your daily dal-chawal, dry fruit and your sweet tooth craving as prices are expected to rise up to even a whopping 30%, according to traders….
Chocolate makers and fig-paste importers are facing a tangle of unknowns, including whether to seek refunds for tariffs invalidated by the Supreme Court. Source link
Investors remain cautious as Dalal Street absorbs renewed geopolitical risk after US President Donald Trump warned the Iran war could last four to five weeks, adding to the uncertainty that has rattled Indian markets.Markets were shut on Tuesday for Holi, but global cues remained tense after Trump said the conflict “has always been a four-week…
NEW DELHI: Govt on Monday assured exporters that it was willing to offer flexibilities and support them through trade facilitation measures, amid the uncertainty caused by the conflict in West Asia.In a meeting in the commerce department convened by special secretary Suchindra Misra and DGFT Lav Agarwal, exporters flagged possible pressure points: Perishables in transit,…
Market experts anticipate continued turbulence in the near term as tensions between Iran and the Israel-US alliance intensify. (AI image) Rs 11 lakh crore gone! Middle East tensions, the ongoing war of the US and Israel with Iran have bled the Indian stock markets, with investors rushing for cover to safe haven assets as economic…
Refiners have begun scouting for alternative crude sources to offset supplies affected by the conflict in West Asia. (AI image) India is looking at several emergency measures to tackle the risk of fuel shortages if shipping through the Strait of Hormuz remains affected for an extended period. Strait of Hormuz in the Persian Gulf is…
Gold and silver metals inched higher on Monday, on the back of strong safe-haven demand from investors amid ongoing geopolitical tensions intensifying in the Middle East. The yellow metal rose by Rs 7,000 per 10 grams to Rs 1.66 lakh while silver inched to Rs 2.86 lakh, recording a gain of Rs 20,000 per kg….
A protracted conflict in the Middle East risks a spike in energy prices and broader inflation. Source link
Asian stocks plunged on Tuesday as investors reacted to the ongoing tensions in Iran and its potential impact of regional energy supplies. In Hong Kong, HSI was down 74 points or 0.29% to 25,985. South Korea’s Kospi index also opened sharply lower after Monday’s holiday, plunging 4.88% to 5,939.Shanghai and Shenzhen also fell 0.07% and…
