India has sufficient fuel inventories and there is no plan to ration petrol, diesel or LPG supplies despite continuing disruptions in global energy markets, Oil Secretary Neeraj Mittal said on Monday, PTI reported.Addressing the CII Annual Business Summit, Mittal said the country has maintained adequate fuel and LPG stocks during the ongoing West Asia crisis…
The Centre on Monday said India has “ample” fertiliser stocks to meet demand for the upcoming Kharif sowing season and appealed to farmers not to resort to panic buying amid concerns triggered by the Middle East situation, PTI reported.Addressing an inter-ministerial briefing on recent developments in Middle East, Aparna S Sharma, Additional Secretary in the…
Goldman Sachs has identified 12 Indian stocks as medium-term “alpha” ideas even as foreign institutional investors (FIIs) continue their record exodus from domestic equities, warning that overseas inflows may not return quickly despite easing oil prices, according to an ET report.The brokerage said FIIs have sold $22 billion worth of Indian equities so far in…
In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s…
Ongoing turmoil in the Middle East has raised concerns about global economic growth. For India, however, the outlook appears optimistic, with SBI expecting a stable growth path through FY26 and FY27 despite a difficult global backdrop. The State Bank of India (SBI) Research report pegs real GDP growth at around 7.2% in the fourth quarter…
Centre has no plans to increase duties on gold and silver imports, according to a government source. This comes amid growing concerns related to import duties in the country after Prime Minister Narendra Modi urged people to avoid non-essential gold purchases over the next one year to protect forex reserves.On the trade front, US officials…
Union Minister Ashwini Vaishnaw on Monday reiterated PM Modi’s call to step down spending on imports and help the country save foreign exchange. This comes as the Middle East conflict is showing no signs of cooling down and its impact ripples through global economy.Speaking at the CII Annual Business Summit 2026 in New Delhi, minister…
Union minister for road transport and highways Nitin Gadkari on Monday inaugurated Multi Lane Free Flow Mundka-Bakkarwala toll plaza on Delhi’s Urban Extension Road-II (UER-II), bringing the capital’s latest transport corridor into India’s expanding barrier-less toll network. The move is aimed at boosting connectivity while easing travel for adjoining villages and surrounding habitations. The UER-II…
Jewellery segment shares fell sharply on Monday after Prime Minister Narendra Modi’s call to cut gold purchases. Share prices of Senco Gold and Kalyan Jewellerys tumbled over 8% while Titan was down over 6%.Speaking in a rally earlier on Sunday, PM Modi called citizens to help preserve foreign exchange reserves. His appeal included avoiding unnecessary…
Markets are expected to trade with caution this week as geopolitical tensions around the US–Iran situation and movements in crude oil prices continue to drive investor sentiment, analysts said. Traders will also keep a close watch on the rupee-dollar exchange rate and foreign fund flows, which are likely to add to market volatility, they added….
