The persistence and sustainability of high oil prices will play a key role in shaping the scale of the economic impact on countries. (AI image) Inflation at a benign 2.2% and growth at 8.0% in the first half of 2025-26 present a rare goldilocks period – that’s what RBI governor Sanjay Malhotra said in the…
In a boost to domestic energy supplies amid disruptions in West Asia, two Indian-flagged LPG carriers safely crossed the conflict-hit Strait of Hormuz early Saturday and are now on course for ports in Gujarat. LPG carriers Shivalik and Nanda Devi are heading to Mundra and Kandla, respectively, Rajesh Kumar Sinha, Special Secretary in the Ministry…
Mumbai: Net FPI selling on Indian exchanges reached around Rs 54,455 crore ($5.9 bn) by 13 Mar 2026 as global risk sentiment turned negative after a brief recovery in foreign flows earlier in the year.The earlier improvement in flows followed the India–US tariff deal, which reduced tariffs on Indian exports to the US and improved…
Gold prices have slipped in recent sessions even as geopolitical tensions escalated in West Asia, surprising investors who typically view the precious metal as a safe-haven during periods of uncertainty.It has been 14 days of intense military exchanges involving the United States, Israel and Iran. Over this period, benchmark indices Nifty and Sensex have declined…
As the Middle East war continues to escalate, tensions are mounting for the South Asian nation of Pakistan. The country is facing an economic crisis as Iran has disrupted fuel shipments through the Strait of Hormuz, its main oil supply route. Pakistan relies on Saudi Arabia and the United Arab Emirates for over 85% of…
Before the US and Israel even launched strikes, Iran had a plan ready, and it didn’t solely rest on conventional firepower. The country has been quietly preparing to turn the Strait of Hormuz, a vital artery for the world’s oil supply, into a strategic lever, according to sources cited by Reuters. Any disruption to the…
NEW DELHI: Amid the uncertainty caused by the conflict in West Asia, finance minister Nirmala Sitharaman on Friday announced a plan to set up a Rs 1 lakh crore Economic Stabilisation Fund (ESF), aimed at providing fiscal headroom to respond to challenges.“ESF will help India (deal) with global headwinds such as the recent crisis, unanticipated…
NEW DELHI: Five years after starting the process, the Centre has called off the disinvestment of IDBI Bank after the bids received found to be lower than the reserve price.Those familiar with the process said govt will decide the future course of action, including calling for fresh bids so that it can realise the best…
NEW DELHI: India and the UK free trade agreement is expected to be implemented from mid-April this year, commerce and industry minister Piyush Goyal said on Friday. The pact needs approval from the UK parliament before it is implemented. Goyal said that it will be the fastest agreement to be approved by the UK parliament….
NEW DELHI: The commerce department is working on measures to provide support to exporters to help them beat the impact of the West Asia conflict as it prioritises shipment of perishables, including by air.Besides, exporters have been asked to look at other markets to minimise the effect of the war in a region which is…
