GIFT Nifty Surges Over 500 Points, Signals Rebound Amid Positive Global Cues

The benchmark Indian stock market bourses are expected to rebound in Tuesday’s trading session after GIFT Nifty surged as much as 520 points on March 24.As of 8:43 am, GIFT Nifty was trading 404.00 points or 1.80% higher at 22,869.50 level.This rebound comes after US President Do Read More

US Crude Spikes 3% As Iran Threatens To Hit Gulf Power Infra Over Trump Warning

Oil prices rose on Monday after Iran’s Revolutionary Guards said they would target Israel’s power plants and those supplying U.S. bases in the Middle East in retaliation against any attack on its electricity sector.Brent crude futures rose $1.57 to $113.76 a barrel by 0731 GMT. U Read More

IEA Chief Warns Of ‘Very Severe’ Situation In Middle East, Calls For Reopening Of Strait Of Hormuz

The Executive Director of the International Energy Agency Fatih Birol said on Monday that the global energy situation caused by the conflict in the Middle East is “very severe.”“Let me explain to you how challenging the situation is. Many of us remember the two consecutive oil cr Read More

Oil Steadies As Investors Weigh Up US, Iran Threats To Facilities, Eased Sanctions

Oil prices were little moved on Monday as investors weighed how U.S. and Iranian threats to target energy facilities that could escalate the war stack up against the release of millions of barrels of seaborne Iranian oil to global markets after Washington temporarily removed sanc Read More

Asian Shares Decline As Hopes Dim For Resolution In Iran After Trump’s Latest Warning

Asian shares dipped in Monday morning trading, as oil prices continued to climb after U.S. President Donald Trump’s latest comments dashed hopes for an early end to the war in Iran.Japan’s benchmark Nikkei 225 dropped 3.3% to 51,638.85 in morning trading. In Taiwan, the Taiex she Read More

Karnataka Industrial Body Orders Resumption of Bengaluru Land held by Embassy Subsidiary; Company to Explore Legal Remedies

Bengaluru: Embassy Developments Ltd has informed stock exchanges that the Karnataka Industrial Areas Development Board (KIADB) has ordered the resumption of a land parcel measuring approximately 78 acres in Bengaluru, held by its subsidiary, Embassy East Business Park Ltd (EEBPL) Read More

Oil Prices To Rise Further On Monday As Mideast War Escalates

Oil prices look set to rise further on Monday, having closed before the ‌weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday.U.S. President Donald Trump on Saturday threatened to “obliterate” Iran’s po Read More

India Removes Cap On Domestic Airfares From March 23; Flight Prices Expected To Jump Again

New Delhi: The government of India has announced its decision to remove cap on domestic flight prices from March 23. With this decision, the Ministry of Civil Aviation (MoCA) has ended the pricing control system that was temporarily imposed during the IndiGo crisis in December, 2 Read More

India Confident Of Meeting Summer Power Demand Despite Middle East Gas Shock

India does not expect the Middle East crisis to affect its ability to meet soaring power demand this summer, as the country has lined up coal and renewable capacity to make up for any gas supply issues, a senior government official said on Saturday.Although gas accounts for only Read More

Govt Raises LPG Allocation To 50% Of Pre-Crisis Level

New Delhi: The Ministry of Petroleum and Natural Gas on Saturday approved an additional 20% allocation of commercial LPG to states/Union Territories. This has increased the total allocation by Centre to 50% of pre-crisis level, 30% more than the allocation already being availed b Read More