The Times of India - Business (8 hours ago)
Gold prices in the UAE have seen a significant drop, falling over Dh50 from recent peaks, just in time for Eid ul Fitr. This price relief has spurred a rush of last-minute shoppers to Dubai's gold souks, eager to capitalise on the dip. The market experienced hesitation followed by a sudden surge in demand, driven by global factors and...
ReadThe Times of India - Business (9 hours ago)
Six major powers, including Britain and France, have pledged support for safe passage through the Strait of Hormuz, condemning Iran's recent attacks on commercial vessels and energy infrastructure. While ready to contribute to maritime security, immediate naval deployment is not planned due to high threat levels. They also back emergency oil...
ReadThe Hindu - Business (9 hours ago)
The maritime data company has reported that nine ships have exited through Iran's corridor in Strait of Hormuz; reliable sources in India, meanwhile, said that with the situation in West Asia escalating further, Indian ships stuck in the strait for more than two weeks have been asked to 'stay put' for now after Israeli strikes on Iran's largest gas...
ReadThe Times of India - Business (10 hours ago)
India has not been buying crude oil from Iran since mid-2019 after the US ended waiver for sanctions on Iran crude. Around 35-40% of India's crude oil needs are met through cargoes that make their way towards Asia through the Strait of Hormuz.
ReadThe Times of India - Business (11 hours ago)
Under normal conditions, roughly one-fifth of the world's LNG supply originates from Ras Laffan, which is a sprawling industrial hub developed over three decades at a cost of hundreds of billions of dollars and covering an area nearly three times that of Paris.
ReadThe Times of India - Business (11 hours ago)
The Trump administration is considering releasing 140 million barrels of Iranian oil to stabilize global prices amid escalating Gulf conflict. US Treasury Secretary Scott Bessent indicated a potential move within days to boost physical supply, describing it as a "break the glass plan.
ReadThe Times of India - Business (11 hours ago)
India gets around 40% of its LNG requirements from Qatar. Reacting to the damage to key energy infrastructure in the Middle East, External Affairs Ministry spokesperson Randhir Jaiswal said, "India had previously called for the avoidance of targeting civilian infrastructure, including energy infrastructure, across the region.”
ReadThe Times of India - Business (12 hours ago)
India has launched the Rs 497 crore RELIEF scheme to aid exporters facing Middle East conflict disruptions. The initiative, managed by ECGC, offers extended export obligations, enhanced insurance cover, and crucial support for MSMEs grappling with increased freight and insurance costs. This aims to maintain India's market share and prevent shipment...
ReadThe Times of India - Business (13 hours ago)
Indian stock markets experienced a significant downturn on Thursday, with both Sensex and Nifty plunging over 3%. Surging crude oil prices due to escalating West Asia attacks, coupled with weak global cues, triggered a broad market rout. Financials, autos, and industrials were heavily impacted, while ONGC was the sole gainer.
ReadNDTV - Business (13 hours ago)
A review of the incidents raised concern that the system fails to detect and warn drivers appropriately when the visibility of the vehicle's cameras is degraded, the National Highway Traffic Safety Administration said in a memo posted to its website.
ReadThe Times of India - Business (15 hours ago)
India is mandating detailed operational data from its entire oil and gas sector, classifying it as a national security matter. This move aims to enhance government oversight of energy supplies amid Middle East war disruptions. The new order requires real-time reporting on production, imports, and consumption, enabling faster responses to crises and...
ReadThe Times of India - Business (16 hours ago)
Gold prices experienced a significant drop in futures trade, influenced by a stronger US dollar and global market weakness. Rising US Treasury yields and inflation data further pressured the precious metal, making it less attractive as a safe-haven asset. This decline was reflected across major Indian cities, with varying degrees of reduction in...
ReadThe Times of India - Business (17 hours ago)
Iran's strikes on Gulf energy infrastructure, including Qatar's LNG facility, have sent global oil and gas prices soaring. The attacks have disrupted supply routes, particularly the Strait of Hormuz, leading to significant price spikes and raising inflation concerns. Financial markets worldwide reacted negatively, with equities declining sharply...
ReadNDTV - Business (17 hours ago)
Semiconductor manufacturing emissions will climb by about a third to 247 million metric tons of carbon dioxide equivalent by 2030, the researcher forecasts. That's higher than annual emissions of scores of countries and roughly equivalent to the2024 volumeproduced by Algeria.
ReadThe Times of India - Business (19 hours ago)
The Indian rupee plunged to a record low of 93.36 against the US dollar amid global market volatility and a strong dollar. The Reserve Bank of India has significantly ramped up its intervention using forward contracts, with its net-short dollar position nearing $100 billion. This stepped-up intervention aims to stabilize the rupee amidst renewed...
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