Iran War Sends Shockwaves Through African Fuel Market and Economies

Nairobi: Surging oil prices triggered by the war with Iran are rippling across African economies, threatening higher fuel costs, rising inflation and renewed pressure on currencies across the continent.Africa imports most of the petroleum products it consumes, leaving many econom Read More

Oil Price Surge and Strait of Hormuz Closure: Is a Global Recession Looming?

Oil prices are rising 18% to 20% this morning in Asia, transmitting a massive risk off to markets as fear takes centre stage. Oil prices are the basis of pricing in the economy. A 20% global shortage of oil is now getting reflected in prices which may go up further to the $150 le Read More

CBI Registers FIR Against Anil Ambani, Reliance Communications In Rs 1,085 Crore Bank Fraud Case

New Delhi: The Central Bureau of Investigation (CBI) has registered a case against industrialist Anil Ambani, his company Reliance Communications Limited, and its former director Manjari Ashok Kacker in connection with an alleged bank fraud case involving more than Rs 1,085 crore Read More

India’s Energy Stock Position Improves; Petrol and Diesel Prices Will Not Increase: Govt Sources

The petrol and diesel prices will not increase amid the ongoing Israel-US-Iran conflict, noted government sources, whilst explicitly ruling out such a scenario.To reinforce this commitment to the public, they reiterated their stance, saying, “Today we again assure that prices of Read More

Sundar Pichai Pay Hike: Google Offers Indian-Origin CEO Package Worth Up To $692 Million, Says Report

New Delhi: Alphabet, the parent company of Google, approved a new compensation package for its chief executive, Sundar Pichai. As per the report by the Financial Times, Google has raised Pichai’s total potential compensation to $692 million (Rs 63,61,79,82,000) over the next thre Read More

Will Fuel Prices Keep Rising After Israel-US-Iran Conflict?

The war with Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel prices even if the week-old conflict ends quickly, as suppliers grapple with damaged facilities, disrupted logistics, and elevated risks to shipping. The outlook poses a wider g Read More

‘We’ve Adequate Crude Oil To Sustain…’: MRPL Denies Rumors Of Shutdown Amid Israel-Iran War

Mangalore: The Mangalore Refinery and Petrochemicals Ltd (MRPL) on Saturday denied rumours that it has started shutting down parts of its 300,000-barrel-per-day refinery due to crude oil shortages linked to the ongoing war between US-Israel and Iran in the Middle East. In an offi Read More

India’s 95% Reliance On Foreign Ships A Strategic Vulnerability: Sanjeev Sanyal

India’s heavy reliance on foreign vessels for international trade represents a significant strategic vulnerability, warned Sanjeev Sanyal, Member of the Prime Minister’s Economic Advisory Council. Speaking at the Raisina Dialogue on Saturday, Sanyal noted that the domestic fleet Read More

Investment Implications for Different Scenarios Around Israel-US-Iran War – HSBC Report

As tensions escalate in the ongoing the Israel-US-Iran war, HSBC assess the market impact of West Asia conflict if the war eases, but uncertainty prevails, or when the war linked tensions continues to grow.For oil markets, two things matter: the transit through the Strait of Horm Read More

Forgot Money in an Old Bank Account? Reserve Bank of India Explains How to Recover Unclaimed Deposits

New Delhi: If you or your family members have forgotten about an old bank account, the money may still be recoverable. The Reserve Bank of India (RBI) has created a system to help people trace and reclaim funds lying in inactive or long-forgotten accounts.Across India, thousands Read More