The Times of India - Business (14 minutes ago)
Indian equity benchmarks, Sensex and Nifty, staged a strong intraday recovery to close higher on Tuesday. Easing crude oil prices, positive global cues, and robust buying in IT stocks fueled the rebound. Despite initial weakness, markets ended firmly in the green, with IT stocks leading the gains.
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States and Union Territories are directed to double the daily supply of 5-kg LPG cylinders for migrant workers, ensuring targeted distribution with Oil Marketing Company support. The Centre assures a stable overall LPG supply, dismissing reports of shortages at petrol pumps and LPG distributors. Over 6.75 lakh 5-kg cylinders have been sold since...
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Uday Kotak warns of a return to global colonialism, citing geopolitical shifts and US policy. He urges India Inc to boost innovation, manufacturing, and energy security, emphasizing self-reliance. Kotak highlights the changing global power balance and the need for India to seize this turning point with urgency and purpose, preparing for potential...
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Gold futures dipped Tuesday as rising crude oil prices and Middle East tensions made investors cautious, impacting demand for the safe-haven asset. While futures saw a decline, retail gold rates presented a mixed picture across major Indian cities, with some experiencing slight increases and others minor drops.
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The Middle East conflict's sixth week sees global energy markets reeling. Soaring crude prices offer windfalls to some Gulf producers like Iran and Saudi Arabia, despite export drops. Others, heavily reliant on the Strait, face severe revenue plunges. The disruption, following airstrikes on Iran, has led to significant oil supply shocks worldwide.
ReadThe Times of India - Business (6 hours ago)
Air India group has revised its fuel surcharge for domestic and international flights due to rising oil prices and Middle East tensions. Domestic fares will now be distance-linked, while international surcharges see steeper increases, reflecting global jet fuel price surges and increased refinery margins. These changes aim to partially offset...
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