Ahmedabad, April 30 (IANS) ACC Limited, part of the Adani Cement portfolio, on Thursday reported a strong financial performance for FY26 with revenue from operations rising 18 per cent year-on-year (YoY) to Rs 25,962 crore, while operating EBITDA stood at Rs 2,950 crore.The company also achieved its highest-ever annual sales volume at 43.9 million tonnes, according to its stock exchange filing.Commenting on the performance, ACC CEO Vinod Bahety said the company delivered sustained growth driven …
Latest Geopolitical Tensions News & Updates
Mumbai, April 30 (IANS) Gold and silver prices rose on Thursday amid surging crude oil prices driven by the West Asia conflict, gaining up to about 2 per cent.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,49,499 per 10 grams, up Rs 449 or 0.30 per cent, from the previous close of Rs 1,49,050.At around 1 pm, gold was trading at Rs 1,50,770, up Rs 1,720 or 1.15 per cent. During the session, the yellow metal touched an intra-day high of Rs 1,51,514 (up Rs 2,464 or …
Mumbai, April 27 (IANS) Gold and silver prices traded on a flat note on Monday amid a rise in crude oil prices and reports of a fresh proposal by Iran to end the conflict with the US, raising hopes of de-escalation in the Middle East.On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) were trading at Rs 1,52,410 per 10 grams, down 0.19 per cent or Rs 290 from the previous close of Rs 1,52,699.By 11:00 A.M., the yellow metal touched an intraday high of Rs 1,53,008, up 0.20 per c…
Mumbai, April 25 (IANS) The domestic equity markets closed on a weak note this week, with benchmark indices declining about 2 per cent amid escalating tensions in West Asia, a sharp spike in crude oil prices, and heavy selling in IT stocks weighing on sentiment.On a weekly basis, headline indices Sensex and Nifty ended lower, falling 2.3 per cent and 1.9 per cent, respectively.However, broader markets showed relative resilience, with the BSE Midcap and BSE Smallcap indices slipping just 0.6 per …
Washington, April 23 (IANS) US Treasury Secretary Scott Bessent rejected claims that Iran has gained financially from sanctions relief, telling lawmakers the estimates were inaccurate and overstated.Testifying before a Senate panel, Bessent dismissed assertions that Tehran had received billions in additional revenue during the ongoing conflict.“The $14 billion is a myth,” he said, pushing back against criticism from lawmakers.The exchange came during questioning by Chris Coons, who argued th…
Washington, April 23 (IANS) US Treasury Secretary Scott Bessent defended a temporary sanctions waiver affecting Russian oil, saying it helped prevent a sharper spike in global prices, even as Democrats warned it could boost Moscow’s war finances and keep fuel costs high.Testifying before a Senate panel, Bessent said the move was aimed at stabilising supply during a volatile period.“Treasury was able to create the more than 250 million barrels on the water,” he said.He added that without th…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 17 (IANS) As deliberations on the upcoming budget gather pace, Pakistan Finance Minister Muhammad Aurangzeb’s recent engagement with trade bodies and the business community has thrown up a set of entrenched concerns that continue to weigh on economic activity, according to an editorial in the Karachi-based Business Recorder newspaper. Stakeholders pointed to the persistently high cost of doing business, tightening liquidity, chronic infrastructure gaps and most importantly, po…
New Delhi, April 16 (IANS) India’s tourism and hospitality sectors remain resilient on strong domestic demand, even as the ongoing West Asia conflict disrupts international travel, an industry body said on Thursday.Despite global headwinds, the hospitality sector remains relatively stable, supported by a strong ‘V-shaped’ recovery and robust domestic demand, according to a report by PHD Chamber of Commerce and Industry (PHDCCI).Moreover, the restaurant and food services segment also saw mixed …
Washington, April 16 (IANS) Global conflicts and supply chain disruptions are adding to economic stress in developing countries, with the Intergovernmental Group of Twenty-Four (G-24) warning that recent gains on inflation and growth are at risk.Speaking at a press briefing during the Spring Meetings, G-24 Chair Olawale Edun said: “Numerous political crises and conflicts globally have significantly impacted… populations and further strained the fragile global economy, with particularly adver…