Shipping Traffic in Strait of Hormuz Picks Up Again
Vessels stranded for months have started moving in larger numbers, but many pulled back over the weekend after Iran and the U.S. exchanged attacks. Source link
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Finance ministry panel clears Rs 1.25 lakh crore for India Semiconductor Mission 2.0; Cabinet nod next
The Expenditure Finance Committee (EFC) under the Finance Ministry has cleared a proposal for a Rs 1.25 lakh crore outlay under India Semiconductor Mission (ISM) 2.0, marking a major step in the country’s efforts to strengthen domestic chip manufacturing and build a comprehensive semiconductor ecosystem, sources told PTI. The Expenditure Finance Committee (EFC) under the…
Oil Prices Hold Steady as Iran and U.S. Prepare for Talks
Iran and the United States were set for further talks after a spurt of hostilities had underscored the uncertainty surrounding attempts to strike a lasting peace deal. Source link
Barrel of backups: India’s crude imports bounce back despite Middle East disruptions
India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional…
How Grindr’s C.E.O. Adopted A.I.: ‘I Just Imposed It’
George Arison, the gay dating app’s chief executive, is aiming for all code to be eventually written by artificial intelligence, making the company “leaner.” Source link
Centre extends GSTAT appeal deadline to July 31 after portal glitches
The Centre has extended the deadline for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) by one month to July 31, 2026, after taxpayers and industry raised concerns over technical glitches caused by a surge in filings on the GSTAT portal. The Centre has extended the deadline for filing appeals before the…
Strait back in business: Hormuz traffic picks up again as supertankers slide through the passage
The Strait of Hormuz is showing signs of coming back to life after a tense spell due to Iran’s recent attacks on ships passing through the strategic corridor. Once heavily choked following US-Israel joint strikes on Iran on February 28, the waterway is now slowly regaining its rhythm, with more operators edging crude carriers back…
Gold price prediction today: Why gold prices are unlikely to rise much in near-term; check June 30, 2026 outlook
Gold price prediction today: Gold prices are expected to continue being under pressure in the near-term as rate hike fears feed into a stronger dollar, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Gold heads for worst month since 2008 as Fed rate-hike bets outweigh safe-haven demand
Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline since October 2008, as easing concerns over the Middle East conflict gave way to expectations of higher US interest rates to curb inflation. Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline…
‘We’re in the final steps’: US ambassador Sergio Gor signals progress on India-US trade deal
The proposed US-India trade agreement is in the “final steps” of negotiations, with only the last one per cent of issues remaining to be resolved, US Ambassador to India Sergio Gor said on Tuesday, expressing confidence that the pact would be concluded soon after nearly 18 months of talks. The proposed US-India trade agreement is…