Two India-flagged LPG carriers, Jag Vasant and Pine Gas, have transited through the Strait of Hormuz on Monday (March 23, 2026) evening. They are together carrying nearly 93,000 tonnes of LPG, as per the inter-Ministerial briefing held on Monday (March 23, 2026). Jag Vasant and Pine Gas, owned by Great Eastern Shipping and Seven Islands…
The economy has recently been yielding some discomfiting data, even before the war in West Asia began. The most recent of these was the February 2026 data on the Index of Eight Core Industries. This release showed that growth in the overall Index had dropped to a three-month low in February, half the rate of…
Union Minister Ashwini Vaishnaw. File | Photo Credit: ANI Union Minister Ashwini Vaishnaw on Monday (March 23, 2026) unveiled three new initiatives aimed at strengthening India’s media, broadcasting, and digital sector and promoting the “orange economy”, or the creative economy. The creative economy includes industries where economic value is generated primarily from creativity, culture, technology,…
With regard to outflows, the outward FDI by Indian companies increased by 5.4% in January 2026 to $2.1 billion. This was, however, nearly 30% lower than the outward FDI in December 2025. | Photo Credit: PTI Net foreign direct investment (FDI) into India contracted for the fifth consecutive month in January 2026, with outflows exceeding…
At present, domestic production of liquified petroleum gas (LPG) is fulfilling about 50-60% of our domestic demand, Sujata Sharma, Joint-Secretary at the Ministry of Petroleum and Natural Gas (MoPNG) told reporters in the daily inter-ministerial briefing to discuss latest developments about the situation in West Asia Monday. “Right now, our domestic production is accounting for…
On MCX, gold for April delivery was down 3 per cent at ₹139,542 per 10 g Gold prices crashed 5 per cent or ₹7,649 to ₹1,39,569 per 10 grams against ₹147,218 on Friday, largely taking cues from the global markets where it witnessed the sharpest monthly fall since 1975. Similarly, silver plunged 6 per cent…
At the interbank foreign exchange, the local unit opened at 93.84 and kept losing ground throughout the day, before breaching the 94-mark against the U.S. dollar for the first time to settle at 94.03 (provisional), down 50 paise from its previous close. | Photo Credit: Reuters The rupee breached the 94/dollar barrier for the first…
The sharp fall in precious metal prices reflects the impact of global economic conditions, rising interest rate expectations and geopolitical tensions on investor sentiment. Representational file image. | Photo Credit: Reuters Gold and silver prices in the domestic market witnessed a sharp decline of more than 7% on Monday (March 23, 2026) amid ongoing tensions…
New Delhi, March 23 Gold prices plummeted sharply by more than 10 per cent to ₹1.29 lakh per 10 grams in futures trade on Monday amid a global sell-off in precious metals driven by macroeconomic pressures. On the Multi Commodity Exchange, the yellow metal dived by ₹14,897, or 10.3 per cent, to ₹1,29,595 per 10…
Shares of gold loan financiers came under pressure on Monday, March 23, as a sharp decline in bullion prices dampened investor sentiment across the sector. Stocks of Manappuram Finance and Muthoot Finance fell over 5 per cent during morning trade, mirroring weakness in gold prices. Manappuram Finance Ltd. shares declined 3 per cent on the…
