Business

India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering…

NEW DELHI: The United States on Wednesday again hailed India as a “great partner”, praising New Delhi’s purchase of oil from its old ally Russia and crediting it as an effort to maintain stable oil prices around the world.The US envoy to India, Sergio Gor, wrote on X, “India has been a great partner in…

The trajectory of bullion prices could depend on the duration & intensity of the conflict as global investors reassess risk exposure. (AI image) Gold price prediction today: Gold prices have been stuck in a range for some time now and developments on the US-Iran front will determine trajectory, says Maneesh Sharma, AVP – Commodities &…

NEW DELHI: Air India and Air India Express will operate a total of 58 scheduled and non-scheduled flights to and from West Asia on Wednesday, as the ministry of civil aviation said it was closely monitoring the situation in West Asia and its impact on flights between India and the region.Amid the escalating conflict in…

US President Donald Trump on Tuesday (local time) announced a “historic” $300 billion deal to build the first new oil refinery in the country in 50 years, backed by investment from India’s Reliance Industries. The project, planned at the Port of Brownsville in Texas is expected to increase energy production and generate thousands of jobs.Trump…

Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Wednesday as Middle East tensions and US-Iran war continued to add uncertainty to global markets. While Nifty50 was above 24,250, BSE Sensex was near 78,300. At 9:18 AM, Nifty50 was trading at 24,284.90, up 23…

Amid soaring crude oil prices worldwide due to the ongoing US-Israel war with Iran, the International Energy Agency (IEA) has proposed the largest disbursement of oil reserves to help bring down prices.The release could exceed the 182 million barrels of oil that IEA member countries put on the market in two separate releases in 2022,…

MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…

Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…

NEW DELHI: India is supplying diesel to Bangladesh on a commercial basis as part of its existing trade agreement, officials said on Tuesday, amid reports that India had begun supplying 5,000 tonnes of fuel to the neighbouring country due to the energy crisis created by the conflict in West Asia.Officials said New Delhi had been…