NEW DELHI: India’s oil demand will increase more than any other country, accounting for 12% of global energy market on the back of rapid economic growth through 2050, according to BP plc chief economist Spencer Dale.“When we look ahead, India is the fastest-growing energy market in the world… So when we think about what’s driving…
AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import…
AI image used for representative purposes Gold’s price has experienced a significant surge, rising over 50% annually and achieving a 30% CAGR over three years, according to MCX data. In India, the festive season traditionally sees high demand for gold, both for jewellery and investment purposes.While gold investments in any form require income tax payment…
India’s oil consumption is expected to surpass all other nations by 2050, driven by robust economic growth, accounting for over 12 per cent of global energy usage, according to BP’s chief economist Spencer Dale. As the world’s third-largest oil importer and consumer, and fourth-largest LNG importer, India’s oil demand is projected to rise from 5.4…
AI image used for representative purposes US stock markets began the trading day on a positive note this Monday, extending the previous week’s upward momentum. The rally was primarily driven by AMD’s artificial intelligence partnership with OpenAI, which helped overshadow worries about an extended US government shutdown.At market opening, the Dow Jones Industrial Average edged…
Bearish bets by overseas investors on Nifty futures surged to record levels last week, signifying their sustained equity sell-off amid weak sentiment triggered by US tariff actions on India.Data from the National Stock Exchange (NSE) shows that as of Friday, the bullish bets of foreign fund managers on Nifty index futures stood just above the…
Dubai real estate firms are targeting Indian investors during the festive period, offering special Diwali promotions and property exhibitions to attract buyers from primary and secondary cities, as property values in Indian metropolitan areas continue to surge.“Over the last few years, property prices in India have increased significantly, especially for new launches in metro cities…
October is shaping up to be one of the busiest festive months of 2025, with major celebrations such as Diwali and Chhath Puja lined up across India. As a result, banks will remain closed on several days this month, as per the Reserve Bank of India (RBI) holiday calendar.According to the RBI calendar, several public…
Russia remained the main supplier, delivering about 1.6 million bpd, constituting 34 per cent of total imports. (AI image) Donald Trump-led US government may be pressurising India to curb its crude oil trade with Russia, but Russian oil continues to form the biggest share in India’s crude import basket.India’s imports of Russian crude oil showed…
Eli Lilly to inject $1 billion in new contract manufacturing facilities in India; to set up new manufacturing & quality hub in Hyderabad HYDERABAD: Eli Lilly and Company will be investing over $1 billion over the next few years in setting up new contract manufacturing facilities in India and will also set up a new…
