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India is temporarily reverting to use of kerosene and alternate fuels such as coal and biomass for cooking as disruptions in Middle East strain LPG supply chains. The measures follow the effective shutdown of the Strait of Hormuz, a vital maritime corridor between Iran and Oman through which a large share of global oil and…
India is examining the United States’ move to initiate Section 301 investigations against a group of 16 trading partners and will take an appropriate position after analysing the legal and economic aspects, PTI reported citing an official on Friday.On March 11, the Office of the United States Trade Representative (USTR) announced probes into countries including…
Benchmark equity indices Sensex and Nifty ended sharply lower on Friday as escalating conflict in West Asia and rising crude oil prices weighed heavily on investor sentiment. Weak global cues, persistent foreign fund outflows and rupee weakness further added to the pressure on domestic markets.Declining for the third straight session, the 30-share BSE Sensex plunged…
The US economy expanded at a markedly slower pace in the final quarter of 2025 than previously estimated, according to government data released on Friday, as consumer demand and public spending turned out weaker than earlier projected.The Commerce Department said gross domestic product (GDP) grew at an annual rate of 0.7 per cent in the…
Asian equity markets are facing heightened volatility after geopolitical tensions in the Middle East triggered sharp swings in oil prices and global risk sentiment, exposing uneven vulnerabilities across the region, according to a report by Moody’s Analytics.The report said the conflict sent “shock waves through global financial markets”, with Brent crude briefly surging to around…
Gold prices slipped by Rs 992 to close at Rs 1.59 lakh per 10 grams in futures trade on Friday, following a weaker trend in international markets and a firmer US dollar. On the Multi Commodity Exchange, April gold contracts fell 0.62%, or Rs 992, to Rs 1,59,279 per 10 grams, with 7,891 lots changing…
Escalating tensions in West Asia are casting a shadow over global technology networks, with experts warning that threats by Iranian forces to target US-linked digital infrastructure in the Gulf could expose billions of dollars of investments to conflict-related risks.On Wednesday, Iranian forces warned they could strike facilities linked to major technology companies including Google, Microsoft,…
The Centre is setting up a Rs 1 lakh crore Economic Stabilisation Fund to strengthen its ability to manage external disruptions and maintain fiscal stability, finance minister Nirmala Sitharaman said on Friday.Intervening in the Lok Sabha during the debate on the second batch of supplementary demands for grants, she said the proposed fund is designed…
NEW DELHI: US envoy to India Sergio Gor on Friday expressed concern over rising tensions at the Strait of Hormuz, asserting that India is “vital partner” for the United States in helping keep global oil prices stable as the Middle East conflict intensifies.Speaking at the India Today Conclave, Gor said, “Today we’re in a situation…
India’s manufacturing sector is on high alert as the war involving Iran threatens to disrupt key maritime routes used for global trade. (AI image) US-Iran war impact: The ripple effects of the ongoing Middle East tensions, LPG supply issues, rising oil prices and closure of Strait of Hormuz are being felt across industries in India….
