India’s gold imports rose 28.73% to $69 billion during April-February 2025-26, driven by elevated prices of the precious metal, according to Commerce Ministry data cited by PTI.Gold imports had stood at $53.52 billion in the corresponding period of 2024-25.The sharp rise in imports contributed to a widening trade deficit, which increased to $310.60 billion in…
Gold and silver are likely to trade in a range with a positive bias in the coming week as investors track geopolitical developments in West Asia and key global macroeconomic data, analysts said, according to PTI.Market participants will also watch the Reserve Bank of India’s monetary policy decision due mid-week for further cues.“Going into the…
The government has stepped up LPG supply across the country and urged consumers to avoid panic buying amid concerns over disruptions linked to the Strait of Hormuz, PTI reported on Sunday.Sale of small 5-kg LPG cylinders, available over the counter at distributorships on valid ID proof, has been ramped up to meet demand. These market-priced…
Domestic equities are expected to remain volatile this week as investors track the Reserve Bank’s monetary policy decision, global macroeconomic cues and evolving developments in the West Asia conflict, analysts said, according to PTI.Market participants will also keep a close watch on crude oil price movements and foreign fund flows, which continue to influence sentiment.Vinod…
The Reserve Bank is expected to keep the benchmark repo rate unchanged at 5.25% in its April monetary policy review, as rising inflation risks linked to the Middle East crisis cloud the outlook, according to a poll of economists cited by PTI.Geopolitical tensions, volatile commodity prices and sharp currency movements — with the rupee hitting…
OPEC+ may approve an oil output increase at its meeting on Sunday, though the move is expected to remain largely symbolic as key producers are unable to raise supply due to disruptions caused by the US-Israeli war with Iran, Reuters reported citing sources.Eight OPEC+ members are scheduled to meet at 1300 GMT to discuss production…
Stock market ended the holiday-shortened week in red, dragging down the combined valuation of six of India’s ten most valued companies by Rs 64,734.46 crore, with Bharti Airtel emerging as the biggest loser. The broader market reflected the subdued sentiment, as the BSE Sensex slipped 263.67 points, or 0.35 per cent, while the NSE Nifty…
Foreign portfolio investors (FPIs) extended their heavy sell-off in Indian equities this week, pulling out a net Rs 23,801 crore, as global uncertainties and rising crude oil prices continued to dampen investor sentiment.Data from the National Securities Depository Limited showed that March had already seen substantial outflows, with FPIs offloading equities worth Rs 1,17,775 crore,…
As tensions in the Middle East continue to escalate, the effects are no longer confined to the conflict zone, they are beginning to show up in daily routine across economies. In the United States, rising fuel costs triggered by the war against Iran are now filtering into everyday life, quietly reshaping how businesses operate and…
The Middle East war has pushed energy prices higher, affecting lives across the globe. As the crisis has crossed one month, oil prices have stayed beyond the $100 per barrel mark and ripples are visible across the globe. While some countries are encouraging measures to move beyond fuels, others are forced to raise prices, making…