Petronet: Petronet issues force majeure, LNG supply hit
India’s top gas importer Petronet LNG has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port…
15% Universal Tariff: Tariff may be hiked to 15% this week: Scott Bessent
File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent said that President Donald Trump‘s plan to increase a 10% universal tariff up to 15% will likely be…
US stocks today: Wall Street rebounds as oil prices ease and strong economic data lift sentiment
US stock markets rebounded on Wednesday after two days of sharp volatility, supported by easing oil prices and encouraging economic data that improved investor confidence.The S&P 500 rose 0.8 per…
PhonePe eyes up to $10.5 billion valuation in India IPO, plans about $1 billion
Walmart-backed fintech major PhonePe is targeting a valuation of $9 billion to $10.5 billion (about Rs 75,000 crore–Rs 87,000 crore) for its upcoming India IPO, with plans to raise around…
RBI announces Rs 20,000 crore G-sec switch auction on March 9 to ease upcoming redemption pressure
The Reserve Bank of India (RBI) on Wednesday said it will conduct a switch auction of government securities worth Rs 20,000 crore on March 9 as part of efforts to…
Middle East disruption pushes oil prices higher: Could Russia gain financially and fund its Ukraine war longer?
The disruption of Middle East energy supplies due to the Iran war is pushing global oil and gas prices higher, a development that could strengthen Russia’s finances and indirectly support…
Rupee falls to all-time low of 92.05 against dollar as oil surge, foreign outflows rattle markets
The Indian rupee weakened sharply on Wednesday, slipping to a record closing low of 92.05 against the US dollar as soaring crude oil prices and global risk aversion linked to…
8th Pay Commission: Why employee unions want family units raised to 5 and what it means for fitment factor
A proposal to increase the number of family units considered in salary calculations from three to five could significantly boost pay revisions under the 8th Pay Commission, according to central…
Balanced India-Japan trade key for long-term sustainability, says commerce secretary
India has significant export potential in sectors such as pharmaceuticals, textiles, agriculture and services in Japan, and achieving a more balanced bilateral trade relationship is crucial for long-term sustainability, the…
US-Iran war sends shockwaves! Most crude via Strait of Hormuz heads to China, India – how vulnerable are they after closure?
Any interruption to navigation in the Strait of Hormuz poses a serious threat to international oil trade flows. Strait of Hormuz closure has sent shockwaves in global markets and with…