Gold and silver began Wednesday’s session with strong gains on the Multi Commodity Exchange of India as intensifying US-Israeli air strikes on Iran and mounting geopolitical tensions spurred increased buying in safe-haven assets. April 2026 gold futures on the MCX climbed by more than Rs 2,157, or 1.33%, to trade at Rs 1,63,265 per 10…
Middle East tensions have entered their fifth day and the UAE is slowly moving back towards normalcy. After a two-day pause, stock markets are set to reopen, and offices in Dubai and Abu Dhabi are preparing for staff to return in person. The UAE Capital Market Authority earlier confirmed that trading and settlement on the…
Rupee tumbled 66 paise on Wednesday, sliding to a record low of 92.15 against the US dollar amid surging oil prices and a pullback from riskier assets. Analysts caution that the currency could remain under strain until tensions in the Middle East subside. The ongoing war in the Middle East has sent shockwaves through global…
Nomura has a buy rating on Bharti Airtel with the target price at Rs 2,300. Analysts attended Bharti Airtel’s investor call. Among the key takeaways were the company’s commitment of Rs 20,000 crore into Airtel Money that will be done gradually over the years with 10-15% to be invested in the first year. The company…
By Shiva RajoraNEW DELHI: Amid weak market conditions and falling interest rates, Employees Provident Fund Organisation (EPFO) on Monday recommended retaining the interest rate on retirement savings accumulated by nearly 31 crore unchanged at 8.25% during the current financial year. This is the third consecutive year that the social security organisation has kept the rate…
Gold slumped more than 5%, ending a four-day rally on Tuesday. The metal was weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged conflict in West Asia. Spot gold was down 5.6% at $5,029.59 an ounce whereas prices had…
MUMBAI: The rupee is likely to come under renewed pressure when forex markets open on Wednesday as the conflict in West Asia has worsened the trade and energy situation beyond expectations of analysts.On Tuesday, the Indonesian rupiah, South Korean won and Thai baht each fell by more than 1%, leading losses in Asia, while broader…
File photo: Tata Sons chairman N Chandrasekaran JAMSHEDPUR: Tata Sons chairman N Chandrasekaran, on Tuesday, said that the ongoing conflict in West Asia will have some impact on the supply chain and the group companies have worked out alternative measures to mitigate the impact on their businesses.“I presume business will be affected for some days…
Estimates from experts on India’s dependency on Middle East and the Strait of Hormuz peg it at 50% of India’s oil imports. (AI image) India is among the top five world economies and its energy security is of paramount importance. The ongoing US-Israel-Iran war has caused disruptions in global oil, gas and trading shipments, especially…
MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
