Saudi Arabia is set to significantly scale back its oil supplies to China next month, with traders indicating that shipments could fall to nearly half of the volumes seen in April as the Middle East tensions continue to intensify and disrupt energy flow across the country.Chinese buyers are expected to receive around 20 million barrels…
Global markets were rattled after US President Donald Trump’s announcement of naval blockade in the Strait of Hormuz. The immediate fallout was visible in Asian trading, where stocks in Japan and South Korea opened lower as investors reacted to the escalation. At the same time, crude oil prices surged sharply, with Brent and WTI jumping…
Imports from Russia averaged 1.98 million barrels per day in March, the highest level since June 2023. (AI image) India is purchasing Russian crude oil in a big way as Strait of Hormuz disruptions continue to constrain global oil supply. India imports almost 90% of its crude oil needs and the ongoing US-Iran war has…
Top stocks to buy (AI image) Stock market recommendations: Sona BLW Precision Forgings, and Eicher Motors have been recommended as the top stocks to buy this week by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities. He also shares outlook on Nifty and Bank Nifty:Nifty ViewThe benchmark index Nifty staged a strong pullback…
Two supertankers carrying Iranian crude have anchored off India’s eastern and western coasts, marking a potential resumption of such imports after nearly seven years, even as the US steps up efforts to restrict Tehran’s oil exports.Ship-tracking data, cited by Bloomberg show that the Felicity, a very large crude carrier owned by the National Iranian Tanker…
Rupee began the week in red, tumbling 48 paise to 93.31 against US dollar in early trade on Monday. This comes as geopolitical tensions around the Middle East continue to intensify and oil prices once again skyrocket beyond the $100 per barrel mark.Investor mood turned cautious after the ceasefire that had supported markets last week…
Top stocks to buy (AI image) Stock market recommendations: Mtar Technologies, and Syrma SGS have been picked as the top stocks to buy in the holiday-shortened trading week starting from April 13, 2026, by Motilal Oswal Wealth Management Research Desk. Let’s look at the details: Stock Name CMP (Rs) Target (Rs) Upside (%) Mtar Technologies…
BENGALURU: Even as TCS saw its headcount fall by nearly 24,000 in FY26, CHRO Sudeep Kunnumal said the entire decline cannot be attributed to last year’s restructuring. He added that the company has already made 25,000 campus offers and remains on track to hire around 40,000 freshers annually. “Last year, we onboarded 44,000 trainees. We…
Foreign investors continued exiting Indian equities in April, offloading Rs 48,213 crore ($5.14 billion) from the cash market in just the first ten days of the month, as global uncertainty and geopolitical tensions continued to weigh on sentiment. This sustained selling comes after a historic pullback in March, when foreign portfolio investors (FPIs) exited with…
MUMBAI: Consumers seem to be cutting back on discretionary spends, allocating more budgets to essentials and value purchases as a mix of war-driven uncertainty and layoffs have nudged people to tighten their purse strings and save more. Even as the US and Iran agreed upon a two-week ceasefire last week, the prospects of a peace…
