US stock markets jumped on Wednesday while oil prices declined as hopes resurfaced for a possible pause in the war with Iran, lifting investor sentiment across global financial markets.The S&P 500 rose 1.1% in early trading after the United States delivered a proposal to Iran aimed at halting the conflict. The Dow Jones Industrial Average…
India must accelerate efforts to channel large household gold holdings into financial instruments, former Union minister P P Choudhary and senior market participants said, warning that continued physical hoarding limits the metal’s broader economic contribution, PTI reported.Speaking at an Assocham event, Choudhary, a member of the Parliamentary Standing Commission on Finance, said deeper financialisation of…
The Union Cabinet has approved continuation of the Immigration, Visa, Foreigners Registration and Tracking (IVFRT) scheme for another five years from April 1, 2026, with a budget outlay of Rs 1,800 crore, in a move aimed at strengthening border management and improving services for legitimate foreign travellers, the government said.The extension — not a fresh…
The Union Cabinet has approved a modified UDAN (Ude Desh ka Aam Nagrik) scheme worth Rs 28,840 crore aimed at strengthening regional air connectivity through new airport infrastructure, enhanced financial support for airlines and operational assistance for smaller aerodromes.Under the revamped programme, 100 new airports will be developed in challenge mode, with an estimated average…
Indian refiners have stepped up purchases of Russian crude as they lock in supplies for the coming month, with around 60 million barrels secured, according to people aware of the developments. The move comes as disruptions linked to the ongoing Middle East conflict continue to affect global oil flows.The cargoes have reportedly been contracted at…
The company had postponed maintenance work at its 20 million tonnes-per-year Vadinar refinery in Gujarat. (AI image) Russia’s Rosneft-backed Nayara Energy is planning to halt operations for around 35 days starting early April, a move that could temporarily take nearly 8% of India’s refining capacity offline and tighten domestic fuel availability, according to people familiar…
ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…
Amid rising concerns about fuel supply in the country, several oil giants have issued clarifications stating there is no shortage, calling such rumours “completely false” and assuring that supply remains normal and sufficient. The statements come at a time when global oil supplies are disrupted due to Iran’s chokehold of the Strait of Hormuz amid…
Gold recorded one of the sharpest weekly losses in recent years in the last week. (AI image) Gold price prediction today: Gold prices are likely to see movement based on inflation projections and rate cut expectations, says Maneesh Sharma, AVP – Commodities & Currencies at Anand Rathi Shares and Stock Brokers.Gold recorded one of the…
Rupee on Wednesday took another fall towards the 94 per US dollar mark, tumbling 20 paise in early trade to reach 93.96 against the greenback. This follows a weak run for the currency this month. Earlier on Tuesday, the currency had already slipped by 23 paise to settle at 93.76, pressured by a stronger US…
