Refiners may eventually be forced to lower processing rates in line with reduced crude availability. (AI image) US-Iran war and the indefinite closure of the Strait of Hormuz has led to India’s crude oil inventories declining by around 15%. This decline is since the US-Iran conflict erupted in late February, as refiners continued operating at…
Asian markets mostly declined on Friday as investor optimism around artificial intelligence stocks faded amid rising concerns over inflation, elevated oil prices and uncertainty surrounding the Iran war.Japan’s Nikkei 225 fell 1.2% to 61,880.04, while South Korea’s Kospi dropped 3.2% to 7,727.34 after briefly crossing the 8,000 mark for the first time.The sharp reversal came…
Wrong to remove Sreejesh in just 15 months: Felix (Image: X) KOLKATA: Former India hockey captain Jude Felix came down hard on Hockey India, criticising its handling of PR Sreejesh’s exit and calling it “wrong” to remove him barely 15 months into the role.Felix, who took charge of the junior men’s team in 2017, was…
“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading around 23,769, up by 40 points. Global equities traded mixed after a muted session on Wall Street, as investors remained cautious amid concerns over elevated bond yields, inflation outlook, and uncertainty surrounding the pace of global economic recovery. Market…
Virat Kohli (Image credit: BCCI/IPL) Nearly two years after stepping away from T20Is and a year after bidding farewell to Tests, Virat Kohli continues to show that the competitive spirit burns undiminished.After consecutive ducks had briefly raised questions, he responded on Wednesday night in the only way he knows — with a statement innings. And…
NEW DELHI: After petrol and diesel prices were hiked, state-owned oil companies on Friday increased CNG prices by Rs 2 per kg, amid rising global energy crisis linked to the West Asia conflict.In Delhi, the price of CNG has been raised from Rs 77.09 per kg to Rs 79.09 per kg. The move comes a…
India, the world’s second-largest consumer of gold after China, largely imports the precious metal to meet demand from the jewellery sector. These purchases result in a significant outflow of foreign exchange. Under the duty revisions announced on Wednesday, the government doubled the basic customs duty on gold to 10%, while the agriculture infrastructure and development…
NEW DELHI:India’s automobile industry began FY27 with strong growth across segments, led by rising demand for SUVs and two-wheelers, even as concerns persist over higher commodity prices linked to tensions in West Asia.Domestic passenger vehicle sales rose 26% year-on-year to nearly 4.4 lakh units in April, according to data released by the Society of Indian…
Chennai: India’s automobile exporters began the new fiscal year in buoyant form. Shipments of locally made cars, utility vehicles and two-wheelers rose at a double-digit pace in April, despite logistical snarls triggered by tensions in West Asia. For now, exporters point out that diversification across markets is cushioning the blow. Passenger vehicle (PV) exports were…
Top stocks to buy (AI image) HSBC has initiated its coverage of SRF with a buy rating and the target price at Rs 3,390. Analysts said SRF was one of India’s largest chemical manufacturing companies, with 50% of its revenue coming from overseas. Improving fundamentals in specialty chemicals and performance films to drive a 26%…