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

Iranian Gas To Iraq Resumes After South Pars Attack

Iranian gas supplies to Iraq have resumed at a rate of five million cubic metres per day, the Iraqi electricity ministry said on Saturday, according to the state news agency.Also Read: Iran War’s Energy Impact Forces World To Pay Up, Cut ConsumptionFlows had been halted after Isr Read More

From Privatisation To Rs 1.79 Lakh Cr IPO: Why Centre Changed It’s Playbook? – Sector Specific Details

While the centre backed privatisation in 2021 and called for minimal presence in strategic sectors such as defence, and power, only two firm in the last decade have been truly privatised.Air India was sold to the Tata Group for Rs 18,000 crore, and Neelachal Ispat Nigam to Tata S Read More

Iran War’s Energy Impact Forces World To Pay Up, Cut Consumption

The war in the Middle East has triggered a nightmare scenario for the global energy system, slashing so much supply that consumers around the world must both pay up big and lower consumption.The effective closure of the Strait of Hormuz, a narrow channel along the Iranian coast, Read More

Is HDFC Bank A ‘Buy’ After Atanu Chakraborty’s Exit? Price Target and Expert Stock Advice

After the exit of HDFC ‘s part-time Chairman, Atanu Chakraborty, the private lender’s shares fell 2% on Friday, extending losses for a second consecutive session.The Mumbai-headquartered bank closed the previous week, hitting a 52-week low of Rs 772 apiece.  In March, HDFC Bank s Read More

Refiners In India Look To Buy Iranian Oil After US Waives Sanctions

Indian refiners plan to resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions to alleviate an energy crunch caused by the U.S.-Israeli war on Iran, traders said on Saturday.Three Indian refining sources Read More

Israel-US-Iran War: S&P 500 Shreds Over $1 Trillion Market Cap Last Week

Amid the ongoing Israel-US-Iran war, the US stock market remained under pressure for the four straight week.The S&P 500 index shredded over 2.50% in the past week, losing a market cap of over $1 trillion. This US stock market benchmark index has been reeling under pressure since Read More