NEW DELHI: Amid the global rush to secure energy supplies, Indian agencies have seen the cost of natural gas (LNG) nearly double from around $10-12 a unit before the West Asian conflict to $19-20 per metric million Btu (MMBtu) when they made purchases in the spot market this week.The spike comes in the wake of…
File photo (Picture credit: AP) Six major powers, Britain, France, Germany, Italy, the Netherlands and Japan, said on Thursday they are ready to support efforts to ensure safe passage through the Strait of Hormuz, as the conflict in the Gulf continues to disrupt one of the world’s most critical energy chokepoints.In a joint statement, the…
Benchmark equity indices Sensex and Nifty suffered a sharp sell-off on Thursday, with both plunging more than 3 per cent as surging crude oil prices, weak global cues and escalating attacks on energy infrastructure in West Asia triggered a broad-based market rout. The fall was especially severe in financials, autos and industrials, while ONGC stood…
Gold price prediction: Rs 150,000 level is expected to act as a crucial support zone. (AI image) Gold and silver price prediction today: Gold prices may see some upside swing, while silver prices may move up to Rs 285,000, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook…
Gold prices witnessed a sharp fall in futures trade on Thursday, tracking weak global cues and a stronger US dollar. According to PTI, gold contracts for April delivery on the Multi Commodity Exchange dropped by Rs 3,616, or 2.36 per cent, to Rs 1,49,409 per 10 grams in a turnover of 7,387 lots.Analysts said the…
Under a proposal being reviewed by the finance ministry, domestic insurers could be enabled to provide cover for vessels navigating high-risk areas. (AI image) Middle East conflict impact on India: The government is looking at the creation of a specialised fund to assist insurers offering war-risk coverage for ships operating on routes to and from…
The rupee fell 49 paise to hit a record low of 92.89 against the US dollar in early trade on Thursday, amid sustained pressure from a strong dollar and global market volatility.As the currency weakened, the Reserve Bank of India has significantly increased its market intervention using forward contracts, Bloomberg reported citing people familiar with…
HDFC Bank share price today: HDFC Bank, the country’s largest private sector bank, saw its stock plunge in trade on Thursday after its part-time chairman Atanu Chakraborty resigned. HDFC Bank’s share opened in red and was trading at Rs 806 at around 9:19 AM, down Rs 37 or 4.39%.The stock movement is in focus after…
MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Qatar on Wednesday expelled key Iranian military and security officials along with their staff from its territory, escalating tensions after missile strikes hit key energy infrastructure in the Gulf.The Qatari Foreign Ministry said on Thursday it had declared the military and security attachés…