After weeks of turmoil that rattled energy markets, oil was trading around $80 per barrel mark on Tuesday as the Middle East chaos has shown signs of cooling down. However, the benchmarks were still trading higher than Monday, as details of the peace deal remains in shadows.Around 7:15 am IST, WTI crude was trading at…
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price maintained at Rs 1,803. The stock is the top pick among the analysts at the brokerage house. They said the energy security policies and tighter refining markets are the reasons keeping product spreads structurally stronger for longer. The company’s oil to chemicals…
MUMBAI: India’s balance of payments swung from a surplus of $0.5 billion in April 2025 to a deficit of $ 6.6 billion in April 2026, even as the current account moved into surplus during the period. The current account recorded a surplus of $4.7 billion in April 2026 compared with a deficit of $4.8 billion…
Oil prices fell to their lowest levels since March on Monday after US President Donald Trump declared the Iran deal “complete” and announced the “immediate toll-free reopening of the Strait of Hormuz”, easing fears over disruptions to one of the world’s most important energy shipping routes.Brent crude futures dropped $3.58, or 4.1%, to $83.75 a…
Sitharaman said the new measures were a beginning of a broader strategy to draw international capital back into India. Terming the recent measures to attract foreign capital as the “first step”, Finance minister Nirmala Sitharaman on Monday said that India is preparing for exigencies in wake of the ongoing geopolitical crisis and US-Iran conflict.Sitharaman described…
In order to curb mis-selling and hold regulated entities accountable across all distribution channels, including social media influencers and digital marketing intermediaries, the Reserve Bank of India (RBI) on Monday tightened norms governing the advertising, marketing and sale of financial products and services. The revised directions, which will come into force from January 1, 2027,…
The government will sell up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale (OFS) at a floor price of Rs 352 per share, with the issue opening for institutional investors on Tuesday (June 16).Retail investors will be able to bid on Wednesday under the two-day OFS, reported…
India’s silver imports slumped to their lowest level in more than three years in May after the government tightened restrictions on imports of the precious metal and raised duties, according to official data, reported Reuters.Imports fell 87% year-on-year to $75.57 million in May from $566.22 million a year earlier, data compiled by the Ministry of…
New Delhi: Minister for new and renewable energy Pralhad Joshi on Monday launched WT-MARUT, the country’s first dedicated digital platform for managing the wind energy supply chain. The portal is expected to strengthen India’s domestic wind manufacturing ecosystem and support the country’s clean energy expansion.The platform will facilitate end-to-end tracking of wind energy components, from…
Let’s take a look at what a possible US-Iran peace deal signing and Strait of Hormuz opening mean for India. (AI image) “Ships of the World, start your engines,” US President Donald Trump wrote on Truth Social, announcing an imminent peace deal with Iran and the opening of the Strait of Hormuz. “Let the oil…
