RBI’s message is clear: the initial supply shock can potentially transform into a demand shock. (AI image) The US-Iran war has caused major disruptions for global markets and economies, and India as the world’s fifth largest economy is not immune to the shock. Heavily dependent on imports to meet its crude needs, a rise in…
ईरान के सैन्य प्रवक्ता इब्राहिम ज़ोल्फ़ाघरी ने अमेरिकी नेतृत्व और उसकी सैन्य रणनीति पर तीखा हमला करते हुए कहा है कि दुश्मन की हवाई सुरक्षा क्षमताओं में आई गंभीर गिरावट के बाद वह खतरनाक स्थिति में पहुंच चुका है. ईरानी स्टेट टीवी पर जारी बयान में ज़ोल्फ़ाघरी ने दावा किया कि ईरान की सशस्त्र सेनाओं…
NEW DELHI: The cost of crude for Indian refiners has soared 93% since the conflict in the Gulf broke out on Feb 28 and hit $136.56 a barrel on Friday, eroding profits for domestic players ranging from IndianOil, HPCL and BPCL to Reliance Industries. Several countries, including the US, let retail prices rise in line…
Wall Street opened the week on a cautious note, with key indices slipping on Monday as the collapse of US-Iran peace talks over the weekend rekindled geopolitical concerns and clouded the outlook for equities.Dow Jones Industrial Average fell 356.14 points, or 0.72%, to 47,572.11, while the S&P 500 dropped 22.25 points, or 0.33%, to 6,794.64…
Air passengers can now cancel or modify their tickets without paying additional charges within 48 hours of booking, subject to certain conditions, after the Directorate General of Civil Aviation (DGCA) revised refund norms. Under the amended civil aviation requirements (CAR) for ‘Refund of Airline Tickets to Passengers of Public Transport Undertakings’, airlines have also been…
Bhubaneswar: A mob once again vandalised an Ama Bus after the vehicle allegedly hit a cyclist, injuring the man critically near Palashpalli overbridge on Monday evening. According to eyewitnesses, the bus, which was not in service, was moving towards the Pokhariput depot when the incident took place.Following the incident, the injured man, who is yet…
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…
The ongoing US-Israel conflict with Iran has both geopolitical and economic consequences for the world, and India is expected to be impacted too if it persists. Policymakers are closely monitoring crude oil prices and cargo movement following the renewed tensions in the Middle East, though they maintain that it is premature to gauge the broader…
Despite Iran’s critical economic reliance on China, Beijing’s response to strikes on its leader was limited to verbal condemnation and calls for de-escalation. China prioritizes its broader economic interests and balanced regional ties over defending Tehran militarily, demonstrating a strategic calculus that favors diplomacy and deniability over direct intervention or security guarantees. When American and…
After the Supreme Court dealt a major blow to US President Donald Trump by striking on his strong tariff tool, the administration has launched fresh investigations into what it calls “unfair trade policies” by 16 key trading partners, including major economies like India, China and Japan.The move comes just a month after Trump revised his…
