Hyderabad: India’s pharmaceutical sector is staring at potential losses of Rs 2,500– Rs 5,000 crore if March exports to the Gulf Cooperation Council (GCC) and the wider West Asia and North Africa (WANA) are completely disrupted by the ongoing West Asia conflict, which is intensifying pressure on freight, shipping routes, and delivery schedules, according to…
US stocks fell sharply on Friday as surging oil prices and disappointing economic data fuelled concerns about a potential stagflation scenario, where slowing growth combines with rising inflation.The S&P 500 dropped 1.6%, while the Dow Jones Industrial Average fell 909 points, or 1.9%, to 48,338.36 as of 9:35 am Eastern Time, AP reported. The Nasdaq…
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
India’s foreign exchange reserves surged $4.885 billion to an all-time high of $728.494 billion during the week ended February 27, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the country’s reserves had declined by $2.119 billion to $723.608 billion, PTI reported. The earlier record high stood…
Benchmark equity indices Sensex and Nifty fell sharply on Friday, retreating by more than 1 per cent after a brief recovery in the previous session as escalating tensions in West Asia and surging crude oil prices weighed on investor sentiment.The 30-share BSE Sensex declined 1,097 points, or 1.37 per cent, to close at 78,918.90. During…
The head of the International Energy Agency (IEA) has cautioned Europe against returning to Russian gas supplies, warning that doing so would be both economically and politically misguided despite the current turmoil in global energy markets, according to a Reuters report.IEA Executive Director Fatih Birol said the ongoing Middle East crisis has prompted fresh debate…
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…
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…
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…
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.More than 27,000 flights to major Middle East hubs have been cancelled…
