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Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said gold witnessed a sharp recovery after geopolitical worries began to cool, leading to a reversal in several macroeconomic factors that had weighed on precious metals in recent sessions. Silver too maintained its upward momentum for the third consecutive session. Prices of the white metal advanced…
US President Donald Trump; Iran President Masoud Pezeshkian The United States believes it is close to reaching an agreement with Iran on a one-page memorandum of understanding aimed at ending the war and establishing a framework for more detailed nuclear negotiations, Axios reported on Wednesday.Washington is expecting Tehran’s response on several key issues within the…
According to Morgan Stanley, energy, fertilizers, and defence will be the top focus areas that the government would look to shield from global uncertainties. (AI image) The Middle East conflict presents an opportunity to step up domestic investments in some targeted sectors, says Morgan Stanley in its latest report titled: India Economics & Strategy –…
The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme…
Three Indians injured after drone strike sparks fire at Fujairah oil zone in UAE NEW DELHI: Three Indian nationals were injured on Monday after a fire broke out at the Fujairah Petroleum Industries Zone (FOIZ) in the United Arab Emirates following a drone strike originating from Iran.Authorities in Fujairah confirmed that the blaze was triggered…
Priyanka Chorpra will not be attending the upcoming Met Gala 2026 event. While initial reports stated the actress was supposed to make her presence felt at the prestigious event in New York, the new update stated that she is set to skip fashion’s biggest night. Now, our sources have revealed the real reason behind her…
Iran late Sunday said it had received the US response to its 14-point proposal, sent via Pakistan, that called for issues between the two countries to be resolved within 30 days and aimed to end the war rather than extend the ceasefire.Iranian state media reported that Washington had conveyed its response to Iran’s proposal via…
India’s leather and footwear industry is struggling with high input costs due to the ongoing Middle East crisis and is seeking import duty exemptions on essential raw materials, machinery and components. Industry representatives have taken up the issue with the commerce and industry ministry, warning that the disruption has sharply raised the cost of several…
The United States has cleared arms sales worth over $8.6 billion to key Middle East allies, namely Israel, Qatar, Kuwait, and the United Arab Emirates. The approvals were issued by the US State Department amid heightened regional tensions linked to the prolonged Iran conflict.The announcements by the State Department included approval of military sales to…
Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
