Business
Gold, silver rate outlook: Precious metals may see mild rebound after sharp correction; PMI data, crude oil to guide trend
Precious metal prices may stabilise and witness a mild recovery next week after a steep correction, although the upside could remain capped due to elevated interest rates and a firm US dollar, analysts said.Market participants are expected to track key macroeconomic indicators, including provisional manufacturing and services PMI readings from the US, UK and Japan,…
Sri Lanka increases fuel prices around 25% as Middle East tensions disrupt global oil supplies
Sri Lanka on Sunday raised fuel prices by around 25 per cent, marking the second increase within a week as the ongoing Middle East conflict continues to disrupt global energy markets, news agency PTI reported.The price revision, effective from midnight, comes as tensions triggered by joint US–Israel strikes on Iran and retaliatory action by Tehran…
Sebi board to consider easing FPI settlement norms, intermediary rule changes at Monday meet
The Securities and Exchange Board of India (Sebi) board will meet on Monday to deliberate on a wide-ranging agenda that includes a proposal to ease fund settlement norms for foreign portfolio investors (FPIs) and changes to regulatory frameworks governing market intermediaries, people familiar with the matter told news agency PTI.A key proposal before the board…
Govt orders faster city gas project clearances, hikes commercial LPG allocation to ease supply stress
The government has stepped up efforts to streamline gas distribution and ease supply pressures, directing faster processing of city gas projects while increasing allocations of commercial LPG to key sectors amid a challenging geopolitical environment.The Petroleum and Explosives Safety Organisation (PESO) has instructed its offices to dispose of City Gas Distribution (CGD) applications within 10…
Govt to auction 19 critical mineral blocks in seventh tranche as focus sharpens on supply security
The government will launch the seventh tranche of auctions for critical and strategic minerals on Monday, putting 19 blocks on offer across multiple states as part of efforts to strengthen domestic resource security.The move comes as India seeks to boost self-reliance in clean energy, advanced technologies, fertilisers and other strategic sectors amid global supply-chain disruptions,…
Market recap: Mcap of five of top-10 most valued firms erodes by Rs 1 lakh cr; HDFC Bank biggest laggard
Last week’s bloodbath at the Dalal Street erroded the market capitalisation of five of the top-10 most-valued firms by over Rs 1 lakh crore. The broader equity benchmarks also ended on a muted note. The BSE Sensex slipped by 30.96 points, or 0.04%, while the NSE Nifty declined 36.6 points, or 0.15%, reflecting a largely…
March FPI outflow: Foreign investors pull out Rs 88,180 cr amid Middle East tensions; over Rs 1 lakh cr withdrawn so far in 2026
Foreign investors have turned cautious on Indian equities this month, pulling out Rs 88,180 crore so far as rising global tensions, a weakening rupee and high oil prices dent sentiment. The sharp outflow comes just weeks after a strong February, when foreign portfolio investors (FPIs) had pumped in Rs 22,615 crore, the highest in 17…
Dialling down: Middle East tensions raise alarm for India’s smartphone shipments
The Middle East crisis has entered its fourth week and the impact might spill across some Indian industries too. Smartphone market is beginning to feel the strain, with analysts cutting shipment forecasts again as the conflict starts to impact both demand and supply. Research firms have lowered their projections for 2026, pointing to a tougher…
Sky‑high losses: Iran war drives airlines to biggest crash since Covid – $50bn gone
Global airlines have suffered their worst financial shock since the COVID‑19 pandemic as the ongoing war involving US Israel and Iran has disrupted industry operations, wiping more than $50 billion off the market value of the world’s largest carriers amid rising fears of fuel shortages.The conflict, now entering its fourth week, has grounded flights, disrupted…
Watch: Cargo ship Pyxis Pioneer, carrying LPG from US, arrives at Mangalore Port
Karnataka: LPG cargo ship from US arrives at New Mangalore Port NEW DELHI: The Pyxis Pioneer, a Singapore-flagged cargo vessel carrying liquefied petroleum gas (LPG) from Texas in the United States, docked at New Mangalore Port in Karnataka’s Mangaluru on Sunday.Click here for live updates on Middle East crisis The tanker, built in 2019, arrived…