Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
The Hyundai Venue, along with the sportier Venue N Line, has undergone crash testing under the Bharat NCAP program, and the results are now out. The compact SUV has delivered a strong performance in both adult and child occupant protection, making it one of the safer options in its segment. Hyundai Venue crash tested under…
OPEC+ on Sunday agreed to increase oil production quotas for the second consecutive month, while cautioning that damage to energy infrastructure amid ongoing conflicts could disrupt global supplies for an extended period, AFP reported.The oil cartel decided to raise output quotas by 206,000 barrels per day (bpd) from May, with key producers including Russia, Saudi…
US stock markets declined sharply on Thursday, while oil prices surged, after President Donald Trump vowed to continue military action against Iran and did not provide a clear timeline for de-escalation of the conflict in the Middle East, according to AP.The S&P 500 fell 1.1%, with nearly three out of every four stocks in the…
Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology Government of India has issued an important warning with a severity rating set to ‘High’ for Android users. According to the report, several security flaws have been found within the multiple versions of the Android operating system. The government body has…
ANI image As India welcomed the arrival of three crude oil tankers at its ports that travelled through the Strait of Hormuz, two more vessels are scheduled to arrive in the coming days. The move signals cautious easing in the maritime movement of vessels despite ongoing tensions in the region.According to Reuters, two Indian-flagged LPG…
NEW DELHI: Reliance Industries Limited (RIL) has entered into a binding long-term supply and purchase agreement (SPA), valued at over $3 billion, with Samsung C&T Corporation, for the supply of green ammonia over a 15-year period starting in second half of 2028-29. Source link
MUMBAI: The RBI’s unorthodox move to steady the rupee by forcing banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95, even as markets fret over a possible escalation in the Iran conflict and the prospect of a US ground invasion.The move will also cause banks with large open positions…
This article is authored by Abhinav Kalia, Co-Founder and CEO, ARC Electric.EVs have been placed as the future of mobility quite literally. They are cheaper, noisier and, most importantly, cleaner compared to their counterparts with internal combustion engines (ICE). The decreasing fuel prices, the decreasing maintenance, and the growing policy merit go hand in hand…
Foreign portfolio investors continued to withdraw from Dalal Street this week, with net outflows amounting to Rs 35,475 crore, as Middle East tensions caused ripples across global markets and weakened investor sentiments. The persistent outflows indicate that foreign investors are adopting a more cautious stance amid an uncertain global environment, with elevated crude oil prices…