US-Iran conflict impact: The global energy shock triggered by the US-Israeli conflict with Iran is now rippling through economies far beyond the Middle East, exposing how deeply interconnected fuel supply chains have become. For example, in India, shortages of cooking gas are emerging, while in California, gasoline prices have surged to nearly $6 per gallon….
The US Treasury Department on Monday said it had reached a $275 million settlement with Adani Enterprises over the company’s potential civil liability linked to 32 apparent violations of US sanctions involving Iran, according to a Reuters report.The US Treasury’s Office of Foreign Assets Control (OFAC) said Adani Enterprises had purchased shipments of liquefied petroleum…
The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and…
India’s export diversification strategy gained momentum in FY26, with ships, boats, telecom instruments, pulses, marine products, graphite and explosives emerging as key growth drivers as exporters entered new markets and added fresh product-country combinations, according to an ET report.According to an analysis by the commerce department, India expanded its export footprint through 1,821 new principal…
This is how India’s first bullet train would look (Courtesy: Indian Railways via ANI) NEW DELHI: Indian Railways has unveiled the design of the country’s first bullet train, set to run between Mumbai and Ahmedabad, displaying an image of the train at the Ministry of Railways in the national capital.Also Read: India’s first ‘swadeshi’ bullet…
New Delhi: Oil marketing companies are under-recovering Rs 750 crore a day on the sale of petrol, diesel and domestic LPG cylinders below market prices, govt said on Monday.Before the price of petrol and diesel was raised by Rs 3 per litre late last week, the under-recoveries incurred by OMCs were estimated at Rs 1,000…
Trading in Electronic Gold Receipts (EGRs) on the National Stock Exchange (NSE) begins from May 18, marking a significant change in India’s organised gold market and offering investors a new way to buy and hold the precious metal in digital form, ET reported.The market will operate from Monday to Friday between 9 am and 11:30…
Petrol and diesel became Rs 3 costlier last week, and your monthly budget is set to feel a little heavier. The ongoing conflict in the Middle East has pushed global fuel prices higher, tightening energy supplies, with countries adopting a range of measures to manage the pressure.In India, the government raised fuel prices for the…
India’s overall merchandise exports increased 13.8 per cent year-on-year in April 2026, largely supported by petroleum exports. (AI image) India’s import burden started climbing in April 2026, with the country’s merchandise trade deficit widening to $28.4 billion, compared with nearly $27 billion in April 2025 and $20.7 billion in March 2026. The expansion in the…
Top stocks to buy (AI image) Stock market recommendations: Bharti Airtel, and Kirloskar Oil Engines are the top stocks that Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities recommends buying for this week (starting May 18, 2026). The analyst also shares his views on Nifty and Bank Nifty:Nifty ViewAfter trading within a tight…