New Delhi, April 11 (IANS) Gold prices rose 1.65 per cent during the week extending gains for their consecutive week, amid safe haven buying and weakened US dollar over easing inflation fears and the start of the US-Iran ceasefire negotiations.On Friday, MCX gold June futures added 0.02 per cent while MCX silver May futures inched up 0.01 per cent. Currently gold futures stand at Rs 1,52,690, while silver futures at Rs 2,43,300 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,327 on …
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Seoul, April 9 (IANS) South Korea has yet to receive any official request from Iran on fees for passage through the Strait of Hormuz, a Seoul official said on Thursday, adding that the government is still working to identify the situation surrounding the major shipping route amid a fragile two-week ceasefire between the United States and Iran.”There has been no request from Iran for transit fees or payments,” Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a regu…
New Delhi, April 7 (IANS) FMCG companies should adopt contingency‑led supply‑chain planning, portfolio consolidation and revenue growth management to counter risks to India’s consumer products and retail industry from the US–Iran war, a report said on Tuesday.The report from EY India also urged sharper resource allocation, localisation, and backward integration across value chains.Sectors most exposed to oil, petrochemicals and global shipping—edible oils, textiles, paints, packaged fo…
New Delhi, April 7 (IANS) Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump’s Tuesday deadline to reopen the Strait of Hormuz to Iran.Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.56.Brent crude has witnessed a gain of over 60 per cent since the conflict b…
Tokyo, April 6 (IANS) The Japanese government is arranging summit talks with Iran, Prime Minister Sanae Takaichi said Monday, local media reported. “We are preparing dialogues at the leadership level at an appropriate time,” Takaichi told a parliamentary committee in response to a question from an opposition lawmaker about Japan’s diplomatic efforts amid the ongoing US-Israel-Iran conflict, according to Kyodo News.Earlier on March 30, Prime Minister Takaichi said that she would consider holding …
Mumbai, April 5 (IANS) The Indian stock markets appear to be transitioning into a consolidation phase with high volatility and low visibility, according to analysts.Global developments continued to dictate market direction, particularly the evolving US-Iran conflict, which kept crude oil prices volatile and elevated. This, in turn, raised concerns over inflation and fiscal stability for import-dependent economies like India.“While domestic flows and technical supports are providing stability, …
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
New Delhi, April 3 (IANS) Sentiment towards India’s IT services sector has turned more bearish amid rising global uncertainties, although investors remain hesitant to take strong directional bets, a report said on Friday.BNP Paribas India said in its report that while uncertainty has increased, investors — particularly hedge funds — are avoiding clear market calls and are instead reducing exposure by trimming factor-based positions.The report noted that recent volatility, including rapid rev…
Hyderabad, March 30 (IANS) The Telangana Legislative Assembly on Monday unanimously passed a resolution, urging the Centre to take the initiative to stop the war in the Middle East. The resolution warns that if the war between the US, Israel, and Iran continues, this could lead to a third World War, posing a serious threat to the very survival of humanity.Deputy Chief Minister Mallu Bhatti Vikramarka introduced the resolution, which was passed by a voice vote.The resolution noted that the …
New Delhi, March 30 (IANS) The Indian economy has shown a healthy expansion in the total primary energy supply (TPES) in FY2024-25, registering a growth of 2.95 per cent over the past year and stood at 9,32,816 KToE (kilo tonnes of oil equivalent), the government said on Monday.The country has a huge potential for generation of renewable energy which stands at 47,04,043 megawatt (as on March 31, 2025). In the total potential, solar energy has witnessed a staggering growth from 748,990 megawatt d…