What to Know About Electric Cars When Gas Prices Are Surging
War in Iran has disrupted global oil supplies, which is prompting some car shoppers to look for ways to climb off “the gas-price roller coaster.” Source link
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From Germany to Pakistan: How Hormuz tensions are hitting economies
The Middle East conflict has entered its fourth week and the ripple effects are beginning to show up across major economies. Concerns are growing that any further escalation could disrupt energy flows and add pressure to an already fragile global outlook. The strain is not falling evenly on every country.Some nations are far more exposed…
HDFC sacks employees for AT1 bond mis-selling
MUMBAI: HDFC Bank has terminated three employees, including senior executives, after an internal probe into the alleged mis-selling of Credit Suisse AT-1 bonds to NRI clients at its UAE operations. The action follows regulatory scrutiny and investor complaints. Shares of the bank closed down 2.4%, continuing Thursday’s decline following the sudden resignation of the bank’s…
Petrol and diesel price today: Premium petrol price hiked; how much fuel costs in your city today? Check list
As the Middle East conflict continues to boil and oil continues to soar, consumers are growing concerned about the cost of petrol and diesel. State-run oil marketing companies have raised prices of premium petrol variants by more than Rs 2 per litre, while keeping retail rates of regular petrol and diesel unchanged. The hike affects…
India’s crude shuffle: How Iran’s Hormuz chokehold rerouted oil imports from Gulf to Russia
Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
US taps emergency oil reserve, releases 45 million barrels to tame war-driven price hike
In a bid to cool rising oil prices amid the ongoing Middle East crisis the Trump administration has begun releasing crude from the Strategic Petroleum Reserve (SPR), lending 45.2 million barrels to energy companies in its first round. The volume released so far represents just over half of the 86 million barrels the administration had…
Laid Off in Midlife, China’s Reform Generation Braces for Downward Mobility
The future once seemed boundless for those who grew up during China’s reform era. Now in middle age, they are pinned between economic stagnation and institutional age discrimination. Source link
Weight-loss therapy costs set to be lower by up to 90%
NEW DELHI : Weight-loss therapy costs are set to reduce substantially by up to 90%, with generic versions of injectable semaglutide are expected to hit pharmacy shelves from March 21. The move kicks off one of the most closely watched price wars in the high-stakes obesity and diabetes drug market.This is in the wake of…
Flipkart group CFO to leave co amid IPO plans
BENGALURU: Walmart-owned e-commerce firm Flipkart on Thursday said its group chief financial officer Sriram Venkataraman is quitting the firm as the company prepares for its next phase of growth and a potential public listing.Venkataraman will remain with the company for a period to ensure continuity and a smooth handover, Flipkart said. During this transition, Ravi…
Singed by Iran fire, Rupee drops 108 paise in single session, worst fall in 4 years
MUMBAI: The rupee fell to a record low of 93.71 on Friday, dropping 108 paise from its previous close of 92.63, marking its sharpest single-day decline in four years, as fears of oil prices staying above $100 for longer intensified with the West Asia conflict widening to attacks on energy infrastructure in the region.Forecasters are…