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India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted that…
Oil prices edged higher on Thursday as traders remained cautious ahead of US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing. Oil markets have stayed elevated since the outbreak of the Middle East conflict, with disruptions in the Strait of Hormuz, a critical global oil transit route, continuing for 75 days.By 7:05…
State-run oil marketing companies are facing a major hit to their finances, Union petroleum and natural gas minister Hardeep Singh Puri flagged on Tuesday. Puri said that oil marketing companies (OMCs) are collectively losing around Rs 1,000 crore every day as they continue to sell petrol, diesel and LPG below cost. He added that the…
Equity markets extended their losing streak for a third consecutive session on Monday, with benchmark indices witnessing sharp declines as crude oil prices surged after the United States and Iran failed to secure a peace agreement aimed at ending the ongoing conflict in West Asia. The BSE Sensex, comprising 30 shares, plunged 1,312.91 points or…
Gold and silver prices are expected to remain range-bound for the second straight week as investors closely monitor developments in US-Iran peace negotiations and key global macroeconomic data, analysts said.Market participants are expected to track inflation data from China, Germany and the United States, along with GDP figures from the Eurozone and the UK later…
Gujarat Titans surged to second place with a dominant 77-run victory over Rajasthan Royals, significantly boosting their playoff chances to 72.52%. Shubman Gill and Sai Sudharsan starred with the bat, while Rashid Khan impressed with the ball. Despite the loss, Rajasthan Royals maintain a higher overall playoff probability due to their easier remaining schedule. Gujarat…
Panaji: Parts of Goa, especially Sanguem and Salcete, received brisk showers on Saturday, bringing some relief from sultry conditions, even as the India Meteorological Department (IMD), Panaji, recorded maximum temperatures above 36°C for the fourth consecutive day.The mercury, which stood at 34.7°C on Sunday, rose to 35°C on Monday and peaked at 36.5°C on Wednesday,…
Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…
In a recent update, Mumbai airport has announced that it will remain shut for six hours on May 7, 2026. Therefore, travellers are advised to double check their flight status at Chhatrapati Shivaji Maharaj International Airport (CSMIA). All the operations will remain suspended for a short time due to scheduled maintenance work. The temporary shutdown…
Goldman Sachs has now barred its bankers in Hong Kong from using Anthropic’s Claude AI models, underscoring how emerging artificial intelligence technologies are increasingly caught in the crossfire of US-China tensions. According to a report by Financial Times, Goldman employees in Hong Kong lost access to Claude models a few week ago, both directly and…
