The trajectory of bullion prices could depend on the duration & intensity of the conflict as global investors reassess risk exposure. (AI image) Gold price prediction today: Gold prices have been stuck in a range for some time now and developments on the US-Iran front will determine trajectory, says Maneesh Sharma, AVP – Commodities &…
NEW DELHI: Air India and Air India Express will operate a total of 58 scheduled and non-scheduled flights to and from West Asia on Wednesday, as the ministry of civil aviation said it was closely monitoring the situation in West Asia and its impact on flights between India and the region.Amid the escalating conflict in…
Oil prices fell to around $88 per barrel after a report said that the International Energy Agency (IEA) is considering a record release of emergency oil reserves to stabilise global markets amid the escalating conflict in the Middle East, according to Bloomberg.According to a report by the Wall Street Journal, the proposed release could exceed…
Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Wednesday as Middle East tensions and US-Iran war continued to add uncertainty to global markets. While Nifty50 was above 24,250, BSE Sensex was near 78,300. At 9:18 AM, Nifty50 was trading at 24,284.90, up 23…
Amid soaring crude oil prices worldwide due to the ongoing US-Israel war with Iran, the International Energy Agency (IEA) has proposed the largest disbursement of oil reserves to help bring down prices.The release could exceed the 182 million barrels of oil that IEA member countries put on the market in two separate releases in 2022,…
Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…
MUMBAI/CHENNAI: Shockwaves from US and Israeli strikes on Iran may seem distant from India’s shores, but for Indian industry, the impact is already hitting home. Gas curbs, production cuts, export delays, and constantly rising operating costs are rippling through fertiliser plants, ceramic kilns, sanitary ware units, textile mills, and tyre factories. In Gujarat, Triveni Iron…
Revised Cost Estimate Under Sanction: Govt NEW DELHI: Now it’s official that railways will run B28, the bullet train being manufactured in India, on the first stretch of Ahmedabad-Mumbai bullet train project that is scheduled to be operational in Aug 2027. The railway ministry informed a parliamentary panel that the national transporter has decided to…
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…
