A crude oil tanker, ‘Shenlong’, that passed through the Strait of Hormuz, has arrived at Mumbai Port. File picture | Photo Credit: Special Arrangement The Indian government is “experimenting” with conducting trade with the West Asian countries in local currencies, in a bid to mitigate the fiscal double-hit of surging oil prices and a depreciating…
People throng the fuel station amid rumours of fuel shortage in the wake of the West Asian conflict, in Srinagar, Jammu and Kashmir, on March 26, 2026 | Photo Credit: Imran Nissar India has about 60 days of fuel stock cover, the government said on Thursday (March 26, 2026), adding that there is no shortage…
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) (top centre) and the foreign exchange rate between U.S. dollar and South Korean won (top left) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea on March 26, 2026. | Photo Credit: AP Asian…
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar’s export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers. Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between…
Pressuring bullion, crude oil climbed above $100 a barrel as investors re-examined prospects for de-escalation in West Asia. Gold prices held steady on Thursday, as investors awaited clearer signs of progress in West Asia de-escalation efforts and stayed cautious ahead of fresh geopolitical developments that could shape safe-haven demand. Spot gold was steady at $4,503.29…
This image is used for representational purposes only. | Photo Credit: Reuters The Reserve Bank of India (RBI) on Wednesday (March 25, 2026) rejected all bids for treasury bills offered at auction, as investors demanded yields that were 0.05-0.10% points higher than those seen in previous auctions amid tight liquidity conditions in the banking system,…
This is the second time the government has retained the inflation target. File. | Photo Credit: Reuters The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031. To control the price rise,…
“Customers who used to buy full jewellery sets are now opting for lighter pieces or delaying purchases altogether,” said a Srinagar-based jeweller | Photo Credit: PTI Despite a recent dip in gold prices ahead of the wedding season, demand for the precious metal remains subdued in Kashmir, reflecting weak consumer sentiment and financial stress among…
India is gradually moving out its stranded LPG cargoes from the Strait of Hormuz, with four LPG tankers moved so far–Shivalik, Nanda Devi, Pine Gas, and Jag Vasant. Representational file image. | Photo Credit: Reuters India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on…
The 30-share BSE Sensex jumped 1,205 points or 1.63%, to settle at 75,273.45 and the 50-share NSE Nifty surged 394.05 points or 1.72%, to end at 23,306.45. File | Photo Credit: Reuters Stock markets rallied for the second consecutive day on Wednesday (March 25, 2026), with benchmark indices Sensex and Nifty closing nearly 2% higher…
