crude oil prices

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    India's FY27 GDP Forecast: 7.1% Amid Global Uncertainty

    Mumbai, March 11 The ongoing conflict in West Asia could pose a downside risk to India's economic outlook due to its impact on crude oil and commodity prices, according to a report by Crisil Intelligence.In its base case scenario, the report expects India's real GDP growth to moderate to 7.1...
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    Market Plunge: Investor Wealth Drops by ₹5.14 Lakh Crore

    New Delhi, March 11 Investors' wealth eroded by ₹5.14 lakh crore on Wednesday as stock markets fell after a day's respite due to a surge in global crude oil prices amid growing tensions in West Asia.The 30-share BSE Sensex tumbled 1,342.27 points or 1.72 per cent to close at 76,863.71. During...
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    Sensex and Nifty Plunge Amid Crude Surge and Geopolitical Concerns

    Mumbai, March 11 The Sensex and Nifty benchmark indices ended nearly 2% lower on Wednesday after a day of recovery, as a surge in global crude oil prices amid rising tensions in West Asia spooked investors.Furthermore, sustained outflows of foreign funds and selling in blue-chip bank stocks...
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    India's Rupee Declines Amid Global Market Trends

    Mumbai, March 11 The rupee declined by 16 paise to settle at 92.01 (provisional) against the US dollar on Wednesday, weighed down by a sharp rise in global crude oil prices and a stronger US dollar amid the ongoing war in West Asia.Forex traders attributed the decline to further outflows from...
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    India's Stock Market Falls Following Crude Oil Increase

    Mumbai, March 11 The benchmark indices of the Indian stock market, Sensex and Nifty, ended nearly 2% lower on Wednesday after a day of recovery following a surge in crude oil prices amid rising tensions in the Middle East.In addition, sustained outflows of foreign funds and selling in shares...
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    Congress Urges Government Transparency on Global Energy Crisis

    New Delhi, March 11 – The Congress expressed concern over the evolving global energy situation on Wednesday, describing it as tense and urging the government to address the issue more transparently.Party leaders said that developments in the international energy market and the domestic...
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    IOC, BPCL, and HPCL Face Margin Pressure Amid Rising Oil Costs

    New Delhi, March 11 S&P Global Ratings said on Wednesday that the profit margins of oil marketing companies like IOC, BPCL, and HPCL could suffer as they are likely to maintain retail prices of petrol and diesel unchanged to curb inflationary pressures.Oil prices have risen since the start of...
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    India's Sovereign Debt Faces Increased Scrutiny as FPIs Reduce Holdings

    Mumbai, March 11 Foreign portfolio investors' (FPI) investments in Fully Accessible Route (FAR) government securities have declined by about Rs 4,634 crore since the start of the Middle East conflict, reflecting growing caution among overseas investors amid rising crude oil prices, a weakening...
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    Iran Conflict Escalates: US Service Members Sustain Wounds

    Washington, March 11 – Approximately 140 US service members have been wounded during the first 10 days of sustained attacks linked to the American military campaign against Iran, the Pentagon said, as Senate Democrats demanded public hearings on President Donald Trump’s war in the Middle East...
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    East Champaran, Kaimur Residents Face LPG Supply Concerns

    Patna, March 10 – A rumour about a potential domestic gas shortage caused panic in the Sugauli block of East Champaran district in Bihar on Tuesday, after claims spread that LPG supplies might be disrupted due to the ongoing tensions between Iran and Israel.As the rumour spread rapidly...
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    Currency Recovery: Rupee Rises Amid Global Market Shifts

    Mumbai, March 10 The rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85, aided by a sharp fall in global crude oil prices, fueled by hopes of de-escalation of the ongoing conflict in West Asia.Forex traders said the Indian...
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    India's Economic Growth at Risk as West Asia Conflict Escalates

    Mumbai, March 10 An escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists, according to a report by ICRA.The rating agency said it expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6...
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    Rajasthan Government Prioritizes Domestic LPG Supply Amidst Disruptions

    Jaipur, March 10 – Rajasthan Food and Civil Supplies Minister Sumit Godara stated on Tuesday that the global energy market has been affected due to international supply disruptions and the war-like conditions prevailing in the Gulf region.He said that crude oil prices in the international...
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    Silver Hits Rs 2.79 Lakh/kg Amid Geopolitical Uncertainty

    New Delhi, March 10 Silver prices surged by Rs 10,975 to Rs 2.79 lakh per kilogram in the national capital on Tuesday, while gold rose by Rs 400, tracking strong global trends as a weak US dollar boosted demand for the safe-haven asset.Ending its three-day losing streak, the white metal soared...
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    Sensex and Nifty Rebound as Crude Oil Prices Fall

    Mumbai, March 10 Stock market benchmark indices Sensex and Nifty ended nearly 1 per cent higher on Tuesday after two days of a massive decline, following a drop in crude oil prices and a recovery in global peers amid indications that the West Asia crisis could soon end.The 30-share BSE Sensex...
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    Shipping Sector Warned Against Predatory Pricing Amid Middle East Tensions

    Mumbai/New Delhi, March 10 The Directorate General of Shipping, the regulatory body for the shipping sector, has advised shipping companies, vessel operators, and agents to refrain from "predatory, non-transparent, and opportunistic pricing practices" in the wake of disruptions caused by the...
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    India's Stock Market Recovered After Crude Oil Price Decline

    Mumbai, March 10 The stock market benchmark indices, Sensex and Nifty, ended nearly 1 per cent higher on Tuesday, after two days of heavy decline, following a drop in crude oil prices and a recovery in global markets amid hopes that the conflict in West Asia could soon end.The 30-share BSE...
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    India's Rupee Stabilizes After Recent Drop

    Mumbai, March 10 The rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85 (provisional), aided by a sharp fall in global crude oil prices amid hopes of de-escalation of the ongoing conflict in West Asia.Sharp gains in the...
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    Iran Launches Barrages Amidst Escalating West Asia Conflict

    March 10, New Delhi – Donald Trump stated on Monday that the United States would intensify its actions against Iran and would continue to do so, while assuring that military operations would end "very soon," a remark that helped stabilize turbulent markets amid the escalating West Asia conflict...
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    Sri Lanka Increases Fuel Prices to Reflect Rising Import Costs

    Retail fuel prices in Sri Lanka have increased following a revision by the state-owned Ceylon Petroleum Corporation, which came into effect today.The new pricing structure has resulted in an increase of approximately 7-8% or at least 24 Rupees per liter across the board. The revision applies...
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