Mumbai, May 24 (IANS) The Indian stock market is expected to remain volatile next week as investors closely track the impact of the RBI’s record dividend transfer to the government, developments surrounding the ongoing US-Iran conflict, and fluctuations in global crude oil prices. Persistent weakness in the rupee, inflation concerns, and global cues are also likely to influence market sentiment.Benchmark indices Sensex and Nifty ended the week with modest gains despite witnessing sharp intrada…
Latest Geopolitical Tensions News & Updates
New Delhi, May 23 (IANS) There is no overall shortage of petrol and diesel in the country and outages reported at some retail outlets are “highly localised” and temporary, Indian Oil Corporation (IOC) said on Saturday.These small outages are caused by regional demand-supply mismatches and shifting sales patterns, the IOC said in a statement. The company is closely monitoring the situation and taking adequate measures to address these isolated situations and ensure uninterrupted fuel supplies to …
Mumbai, May 23 (IANS) Foreign institutional investors (FIIs) remained net sellers this week, offloading Rs 7,570 crore based on provisional exchange data as domestic institutional investors (DIIs) were net buyers, purchasing Rs 16,950 crore, providing enough cushion.In the month of May, FIIs have sold a cumulative Rs 32,230 crore, while DIIs have bought Rs 56,870 crore, based on provisional exchange data.FIIs were net buyer on Monday’s session with inflow of Rs 2,810 crore.“However, they tur…
New Delhi, May 22 (IANS) The Indian rupee extended its recovery for a second consecutive trading session on Friday, appreciating 63 paise to close provisionally at 95.73 against the US dollar.The domestic currency drew support from easing crude oil prices, positive sentiment in local equity markets and expectations of intervention by the Reserve Bank of India (RBI) to curb excessive volatility.The rupee opened at 96.30 per dollar in the interbank foreign exchange market and witnessed sharp gains…
Mumbai, May 22 (IANS) In the wake of widespread rumours regarding a potential fuel crisis, Maharashtra’s Food, Civil Supplies, and Consumer Protection Minister, Chhagan Bhujbal, on Friday assured the people that the state has an ample supply of petrol and diesel. Speaking to the media, he urged citizens to refrain from panic buying and unnecessary hoarding.The Minister revealed that panic-driven purchasing has led to an unusual surge in demand, with petrol and diesel sales spiking by 20 per ce…
Mumbai, May 22 (IANS) Air India Chief Executive Campbell Wilson has said his successor will have “hands full” as the carrier struggles with a ban on using Pakistan’s airspace, fallout from the Iran war and higher operating costs due to strong US dollar.Speaking at an event in New York, Wilson said he would depart the company within two months and the next four years would be “just as challenging as the past, albeit in a different way.”He pledged to help ensure a smooth transition, and …
New Delhi, May 15 (IANS) Pakistan is set to face renewed macroeconomic pressure as global debt has climbed to unprecedented levels, underscoring widening vulnerabilities across emerging economies already grappling with tight external financing conditions and volatile commodity markets, a report has said.The report published in Business Recorder highlighted that the latest assessment of global financial conditions shows that overall debt has surged to record highs, driven largely by sustained bor…
New Delhi, May 15 (IANS) The Confederation of All India Traders (CAIT) on Friday termed the Rs 3 per litre increase in petrol and diesel prices a ‘measured and responsible decision’ aimed at ensuring an uninterrupted fuel supply and maintaining economic stability amid prevailing global uncertainty.Reacting to the fuel price hike, CAIT Secretary General and BJP MP Praveen Khandelwal said the decision must be viewed in the context of ongoing geopolitical tensions and disruptions in global crude oi…
New Delhi, May 15 (IANS) Prof. Gourav Vallabh, a member of the Economic Advisory Council to the Prime Minister (EAC-PM), on Friday criticised opposition leaders for trying to sow confusion about the Prime Minister’s appeal for fuel conservation, saying the measures must be seen in the context of ongoing global economic disruptions and geopolitical tensions. Speaking to IANS, Vallabh said, “There are three major geopolitical conflicts going on all over the world. The first is the West Asia conf…
New Delhi, May 13 (IANS) Leading global brokerage Morgan Stanley has projected India’s GDP growth to be healthy at 6.8 per cent for 2026, supported by strong domestic demand, government-led capital expenditure and improving industrial activity across Asia.Moreover, the brokerage in its latest outlook noted that the nation is likely to benefit from Asia’s emerging industrial and capital expenditure super-cycle, with domestic demand momentum remaining resilient despite global macroeconomic and…