Gold prices traded largely steady in futures markets on Friday, while retail bullion rates across major Indian cities remained almost unchanged with marginal declines.As of 15:02 pm, gold futures on the Multi Commodity Exchange (MCX) showed limited movement across key contracts. The April 2026 contract was trading at Rs 1,60,008 per 10 grams, up Rs…
Rupee strengthened 2 paise to 91.62 against the US dollar on Friday after the United States announced a 30-day waiver allowing Indian refiners to purchase Russian oil. This move comes amid the ongoing war in West Asia and aims to ease pressure on global energy supplies.“This stop-gap measure will alleviate pressure caused by Iran’s attempt…
China now has more billionaires than any other country, according to the latest Hurun Global Rich List, released Thursday by the Shanghai-based Hurun Group. The country is home to 1,110 billionaires out of 4,020 globally, overtaking the United States. China added 287 new billionaires since last year, more than recovering losses from the past three…
The government has also directed producers to supply LPG, propane and butane to state-run refiners. (AI image) Middle East crisis impact: The government has activated emergency provisions to ensure there is no shortage of liquefied petroleum gas (LPG) in wake of the ongoing US-Israel-Iran war that has hit India’s imports of the energy source. India,…
Gold Prices are attempting to stabilize around the short-term moving average cluster. (AI image) Gold price prediction today: Gold prices are volatile with any dips allowing investors to buy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Gold April futures on MCX are trading near ₹1,60,500 after witnessing a sharp correction…
The US waiver allowing additional purchases of Russian crude over baseload offers short-term relief. (AI image) US-Israel-Iran war impact on India: The Donald Trump administration’s move ‘granting’ waiver to purchase Russian crude in lieu of the de facto closure of the Strait of Hormuz has important implications for India’s energy security. Around 90% of India’s…
Air travel across the Middle East and the Gulf region has been severely disrupted as airlines cancel thousands of flights amid the escalating West Asia conflict.The crisis has forced carriers worldwide to suspend routes, reroute aircraft and revise schedules, leaving thousands of passengers stranded. Middle East crisis Hits Aviation: 1,500 Flights Scrapped As Air India…
US President Donald Trump said Thursday he was not worried about rising gasoline prices linked to the widening conflict with Iran, adding that the military campaign was a bigger priority.“I don’t have any concern about it,” Trump told Reuters in an interview when asked about higher prices at the pump. “They’ll drop very rapidly when…
The Strait of Hormuz, a critical global shipping route, is also emerging as a vulnerable corridor for undersea internet cables as tensions in West Asia escalate.The passage controls about a third of India’s westward internet traffic, and experts say this capacity cannot be easily rerouted because alternate routes have limited supply.The deteriorating security situation has…
MUMBAI: Consumption of soaps, shampoos, biscuits and other packaged goods took a hit in the Dec quarter with volume growth dropping to 2.6% compared to 6.2% in the year ago quarter as transition to a new goods and services tax (GST) regime from Sept 22 disrupted sales at neighbourhood kirana stores which still drive the…
