Posts

Oil prices crash nearly 10% after Iran says Strait of Hormuz completely open during ceasefire

Oil prices tumbled sharply on Friday after Iran signalled that the Strait of Hormuz remains open to global shipping, easing fears of supply disruption during the ongoing US-Iran ceasefire. Iran's Foreign Minister Abbas Araghchi said the key maritime route was completely open for commercial tankers and cargo vessels.Brent crude dropped nearly 10% to $89.11 a barrel, extending earlier losses of about 5% driven by optimism around a potential US-Iran agreement. US benchmark West Texas Intermediate (WTI) fell even more sharply, sliding 11% to $84.11 a barrel.Sentiment was also influenced by remarks from former US President Donald Trump, who said Iran had indicated it would refrain from pursuing nuclear weapons for over two decades. "We’re very close to making a deal with Iran," he had earlier said.Geopolitical developments in the Middle East have further shaped market expectations. A temporary easing of tensions between Israel and Lebanon, including a 10-day ceasefire that cam...
Post a Comment
Read more

Singapore topped FDI sources in Apr-Dec FY26

New Delhi: Singapore was the top source of foreign direct investment (FDI) equity inflows in April-December FY26 at $17.6 billion, with a 37% share of the total, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The US and Mauritius were the next two sources, accounting for 16% and 10%, respectively.The FDI from offshore tax haven Cayman Islands rose five times to $2 billion from $422 million in 2024. Another tax haven from Cyprus invested $1.4 billion in India compared to $1.2 billion in 2024 while inflows from Luxembourg rose to $545 million from $352.67 million in the same period.India received $47.87 billion of FDI equity inflows in April-December FY26 of which $7.8 billion came from the US and $4.8 billion from Mauritius. Japan and the UAE were also among the top five investor countries.Investments from China were $6.49 million in 2025, higher than $3.73 million in 2024, according to the data whereas those from Hong Kong fell to $61.4 mil...
Post a Comment
Read more

FIR lodged against Vedanta plant officials

Sakti (Chhattisgarh): The Chhattisgarh police on Thursday registered an FIR against the management officials and others in connection with the blast at the Vedanta power plant in Sakti district that claimed 20 lives, an official said.The explosion occurred on April 14 at the plant in Singhitarai village when a steel tube carrying high-pressure steam from the boiler to the turbine burst, leaving several workers with severe burn injuries.Also read: Vedanta Power announces Rs 35 lakh compensation, job support for families of deceased in Chhattisgarh boiler blastThe incident claimed 20 lives and left 16 persons injured."A case has been registered at the Dabhra police station under sections 106 (causing death by negligence), 289 (negligent conduct with respect to machinery) and 3(5) (common intention) of the Bharatiya Nyaya Sanhita," Sakti Superintendent of Police Prafull Thakur said.Eight to ten individuals have been named in the FIR. If more persons are found responsible during ...
Post a Comment
Read more

India hits record $860 bn exports in FY26

New Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday said India has achieved a record in exports of goods and services, with total shipments crossing USD 860 billion in 2025- 26.Total merchandise and services exports were worth USD 825 billion in 2024-25."Bharat sets a new export record!. A matter of great pride as India achieves record exports of $860 billion in FY 2025-26," he said in a post on social media.This milestone, he said, has been achieved despite global headwinds, reflecting the country's resilience and growing strength in expanding its global trading footprint.He added that the nine trade agreements concluded by India would further accelerate this momentum, as they would open new markets and unlock greater opportunities across sectors. from Economic Times https://ift.tt/pNYmEf0
Post a Comment
Read more

IPL 2026: CSK crush KKR by 32 runs

from Economic Times https://ift.tt/e9oAcWD
Post a Comment
Read more

War test India Inc’s shield to energy shocks

The war in West Asia is a reminder that for a heavily energy-importing economy like India, developments underway in that region can quickly translate into macro variables. Even if energy supplies continue to flow, longer shipping routes, higher insurance premiums and logistical bottlenecks can raise landed costs. Economic transmission doesn't require a complete halt in crude supply. Friction alone can alter cost structures.Oil prices have already shown considerable volatility, crude dropping below $100 a barrel on Tuesday after traders weighed in on the US blockade of Iranian shipping, and Iran and the US reportedly returning to negotiations soon. Markets are still reassessing the duration of supply disruptions. But the larger shift is structural. Trade corridors and commodity flows are increasingly exposed, and stability can no longer be assumed as the base case.Also read: India Inc pulls back a bit from Gulf as cracks widen across operationIndia enters this phase from a position ...
Post a Comment
Read more

AIADMK says BJP alliance is electoral

from Economic Times https://ift.tt/NOCQcLE
Post a Comment
Read more