India’s gem and jewellery exports to GCC (Gulf Cooperation Council) countries have grown significantly from $5.4 billion in 2021–22 to about $8.3 billion in 2024–25, reflecting the region’s increasing importance for Indian exporters. | Photo Credit: SAHIBA CHAWDHARY The ongoing war in West Asia and the disruptions on global shipments will have a major impact…
Benchmark stock indices Sensex and Nifty closed more than 1% lower on Wednesday (March 4, 2026), in tandem with a weak trend in Asian markets as the conflict in West Asia intensified, driving oil prices higher. Falling for the fourth straight session, the 30-share BSE Sensex tumbled 1,122.66 points or 1.40% to settle at 79,116.19….
Massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down. File | Photo Credit: PTI The rupee slumped 67 paise to close at an all-time low of 92.16 against U.S. dollar on Wednesday (March 4, 2026), weighed down by spiking crude oil prices in the wake of the…
Silver and gold prices rebounded in futures trade on Wednesday, tracking firm demand in the international markets as investors sought safe-haven assets amid escalating tensions in the west Asia after the US administration signalled that military operations against Iran could last for a month or longer. On the Multi Commodity Exchange (MCX), silver for May…
Mangalore Refinery and Petrochemicals declared force majeure on all gasoline export cargoes for March and April amid conflict between U.S. and Iran that has upended crude oil flows from the Gulf, traders said on Wednesday (March 4, 2026). The two traders, who deal with the company and said they received a notice from them, said…
At the interbank foreign exchange market, the rupee opened at 92.05, then fell to an early low of 92.18 against the American currency, registering a fall of 69 paise from its previous close. | Photo Credit: Reuters Rupee slumped 69 paise to an all-time low of 92.18 against the U.S. dollar in early trade on…
Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto India’s services sector growth slowed in February as new business rose at its slowest pace in over a year and firms faced the steepest cost pressures in two-and-a-half years, a survey showed. The HSBC India Services Purchasing Managers’ Index , compiled by S&P Global,…
The 30-share BSE Sensex crashed 1,758.22 points or 2.19% to 78,480.63 in early trade as the conflict continued to dent investors’ sentiment. File photo for representation purposes only. | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday (March 4, 2026), tracking a bearish trend in Asian markets,…
BDCC bank building in Belagavi. File. | Photo Credit: The Hindu Photo Library The Reserve Bank of India (RBI) has imposed a fine of ₹2 lakh on the Belagavi District Central Cooperative (BDCC) Bank for non compliance of loan disbursal norms. The cooperative bank had violated rules regarding non disbursal of loans to directors, crossing…
Concerns over India’s fuel stock position emerged as tensions escalated in West Asia, with Iran and Israel along with ally United States engaging in a conflict, that led to the closure of the Strait of Hormuz. Image for representation. | Photo Credit: Getty Images/iStockphoto India has sufficient stock of crude oil and that of energy…
