Earlier this week, the Union government had invoked the Essential Commodities Act for prioritising LPG supply to domestic consumers. | Photo Credit: Nagara Gopal Invoking the Essential Commodities Act, 1955, the Ministry of Petroleum and Natural Gas (MoPNG) has sought diverting natural gas to certain priority sectors with a tiered structure. Israel-Iran war LIVE: Consequences…
A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty bounced back sharply on Tuesday (March 10, 2026) early trade after two days of massive decline, following a drop in crude oil prices and recovery in global markets amid hopes that the conflict in West Asia…
India consumes some 31.3 million tonnes of LPG annually. | Photo Credit: K.V. Srinivasan The Oil Ministry has constituted a committee to examine supply issues after a sudden shortage of commercial LPG cylinders alarmed the hospitality sector, with restaurant associations warning that eateries could shut down within days if supplies are not restored. As the…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee rebounded from its all-time low in early trade on Tuesday (March 10, 2026), rising 7 paise to 92.14 as global oil prices fell after U.S. President Donald Trump said the war with Iran may end soon. A weaker greenback and a strong…
Oil prices tanked and equities rallied on Tuesday (March 10, 2026) following a wild day of swings that came after Donald Trump said the U.S.-Israel war on Iran would be ending earlier than thought. As the crisis in the crude-rich West Asia continued into a second week, with seemingly little sign of a conclusion on…
Gold advanced after President Donald Trump signaled the war in West Asia could be nearing an end, sending the US dollar and oil prices lower. Bullion rose as much as 0.9 per cent to top $5,180 an ounce, wiping out a decline in the previous session. Trump said the conflict would be resolved “very soon”…
The U.S. stock market careened through a manic Monday (March 9, 2026), going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back toward $90. The S&P 500…
Image for representative purposes only. | Photo Credit: ANI India will not be raising the retail price of petrol, despite benchmark crude oil prices breaching $100 per barrel on Monday (March 9, 2026), a highly placed source in the Union government told The Hindu. West Asia conflict oil hike, market reactions LIVE “We have never…
Gold prices in the US were down 1.2 per cent to $5,098 an ounce after shedding 2 per cent in the earlier session as dollar strengthened against major currencies The sharp depreciation of the rupee against dollar has cushioned domestic bullion prices from the impact of global slide in gold prices. The rupee depreciated to…
This image is used for representational purposes only. | Photo Credit: Reuters The rupee crashed to its all-time closing low of 92.35 (provisional) against the U.S. dollar on Monday (March 9, 2026), losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in…
