Latest News, Updates & Breaking Headlines
NEW DELHI: The Centre’s move to slash excise and impose windfall tax on diesel and aviation fuel will leave it poorer by around Rs 1.3 lakh crore if the energy crisis due to the West Asia conflict persists for a full year.An early resolution will reduce the pressure on oil prices and consequently on govt…
Former South Africa batter AB de Villiers has said MS Dhoni should bat higher in the order for Chennai Super Kings (CSK) in the upcoming IPL, saying that his current position lower down does not maximise his role.Dhoni, 44, will play for CSK when the season begins on March 28. De Villiers said Dhoni’s recent…
Indian exporters and logistics providers are scrambling to limit disruptions from the worsening Middle East conflict by closely tracking shipping carriers, planning consignments earlier and exploring alternate routes, even as freight rates, insurance premiums and transit times rise sharply amid uncertainty around the Strait of Hormuz.The main response from the exporting community has been defensive…
NEW DELHI: Oil on fire is beginning to make flying much more expensive. IndiGo will levy a fuel charge between Rs 425 and Rs 2,300 from Saturday (March 14), on all its domestic and international flights due to “the significant surge in fuel prices following the ongoing geopolitical issues.” IndiGo’s announcement of this cess, which…
The United Nations on Tuesday warned of “significant risks” to global trade and development, including higher food prices and cost-of-living pressures, if the Strait of Hormuz remains closed amid the ongoing Middle East conflict.A report by the UN Conference on Trade and Development (UNCTAD) said the military escalation following US–Israeli strikes on Iran and Tehran’s…
NEW DELHI: The conflict in West Asia, along with disruption in supply chains and higher oil prices may result in India’s growth being hit by 15-40 basis points (bps) next financial year (2026-27), with inflation too expected to accelerate if the tension persists for a few more weeks, economists said.Rajani Sinha, chief economist, CARE Ratings…
A sharp rise in global crude oil prices triggered by the conflict in the Middle East has pushed fast-moving consumer goods (FMCG) companies to rethink their strategies. Firms may either cut the grammage of product packs or raise prices, according to a report by The Economic Times.International crude prices crossed the $100-a-barrel mark on Monday…
With the recent changes in FAR (Floor Area Ratio) guidelines by the Karnataka government, Bengaluru’s real estate market is to witness taller buildings in the coming years. The Bengaluru skyline will likely see an entirely new shape through the easing of construction regulations, with the Karnataka Industrial Areas Development Board (KIADB) making it possible to…
Asian stocks inched higher on Thursday, after days of trading in red amid ongoing Middle East tensions. This comes as equities were lifted by a rebound on Wall Street as oil prices paused their recent spike and economic updates painted a more positive picture of the American economy. In South Korea, Kospi hit a pause…
The disruption of Middle East energy supplies due to the Iran war is pushing global oil and gas prices higher, a development that could strengthen Russia’s finances and indirectly support its war effort in Ukraine.Rising energy prices are increasing the revenue Russia earns from oil and gas exports – a key pillar of the Kremlin’s…
