The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it ha
The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's o
In an interview with ANI, Mishra highlighted that India's heavy reliance on imported "dense energy" makes it a primary target for global price volatility. "Every dollar increase per barrel costs approximately $1.8 billion annually. For instance, a $50 increase in oil prices represents a $90
A research note from UBS has flagged rising risks for India's state-owned oil marketing companies as crude oil market volatility intensifies due to geopolitical tensions in West Asia.
US President Donald Trump adopted a "we'll see what happens" stance following Mojtaba Khamenei's appointment as Iran's Supreme Leader. Despite prior warnings that any successor requires US approval to "last long," Tehran finalised the transition, while Israel issued threats of "elimination"
Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
Despite the Rs 60 increase in the Domestic 14.2 kg Liquefied Petroleum Gas (LPG) cylinder, LPG prices in India remain lower than in several neighbouring countries, people familiar with the matter told ANI. On Saturday, 14.2 kg cylinder prices were increased by Rs 60, costing about Rs 913 in
Major Gulf carriers, including Emirates and Etihad, have resumed limited flight operations as of Saturday, following regional airspace closures. Services are gradually restoring, with some restricted to "relief corridors" for stranded passengers.
Government sources have signalled an improvement in India's energy security, noting that the nation's stock levels are on an upward trajectory despite the volatility in West Asia.
Officials indicated that recent assessments have provided the administration with a much-needed cushion, statin
Mumbai (Maharashtra) [India], March 7: At a pivotal moment for global capital markets -- shaped by tightening liquidity, shifting tariff regimes, and intensifying geopolitical fragmentation -- India Global Forum's IGF Mumbai 2026: Catalysing Capital returns for its third edition in India's f
The Indian IT services sector is likely to emerge stronger from the ongoing generative artificial intelligence (Gen AI) disruption. The technology is likely to expand the industry's addressable market even as near-term volatility persists.
India's macroeconomic outlook remains resilient despite heightened global risk conditions and escalating military tensions in West Asia. According to a report by Shriram Wealth, while immediate market volatility persists, India's strong foreign exchange reserves of over USD 700 billion and m