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Mumbai, April 9 (SocialNews.XYZ) Gold and silver prices declined on Thursday despite fresh geopolitical tensions following reports of Israel attacking Lebanon's Hezbollah. On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 0.74 per cent or Rs 1,129 to Rs 1,50,647, hitting an intraday low at around 10:40 AM. The yellow metal was later trading at Rs 1,51,113, down Rs 663 or 0.44 per cent. It touched an intraday high of Rs 1,51,452. Meanwhile, silver futures (May 5) also ...Read More >
MUMBAI: In a significant boost to India's energy security amid escalating tensions in West Asia, the India-flagged LPG carrier Green Asha docked safely at Jawaharlal Nehru Port Authority (JNPA) on Tuesday, becoming the first such vessel to reach the port since the outbreak of the ongoing conflict involving Iran, the United States and Israel.Carrying 15,400 tonnes of LPG, the vessel navigated the strategically critical Strait of Hormuz -- a chokepoint for global energy supplies -- before berthing ...Read More >

HYDERABAD: Hyderabad recorded a new peak in office transaction volumes, with leasing touching 5.86 million square feet in the first quarter of 2026, the highest ever for a single quarter, according to Knight Frank India in its latest India Real Estate: Office and Residential (January-March 2026) Q1 2026 report. Overall office leasing grew 48% year-on-year from 4 million sq ft in Q1 2025, making Hyderabad the second-largest market for office space absorption among eight major cities in the count ...Read More >

New Delhi, [India] April 9 (ANI): The US-Iran ceasefire signals "the beginning of an off-ramp" after weeks of intense hostilities, but it does not mark a definitive end to the conflict or a structural turning point for India, cautioned global brokerage firm Bernstein in its recent report. In its latest India strategy report, Bernstein said, "Is this the end of the conflict? Probably not. Is this the end of the crazy period of escalations? We think yes," indicating expectations of near-term de-e ...Read More >

New Delhi, [India] April 9 (ANI): The US-Iran ceasefire signals "the beginning of an off-ramp" after weeks of intense hostilities, but it does not mark a definitive end to the conflict or a structural turning point for India, cautioned global brokerage firm Bernstein in its recent report. In its latest India strategy report, Bernstein said, "Is this the end of the conflict? Probably not. Is this the end of the crazy period of escalations? We think yes," indicating expectations of near-term de-e ...Read More >
NEW DELHI, April 9 : Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 per cent, at $96.71 a barrel at 0325 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.60, or 2.75 per cent, to $97.01 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest dec ...Read More >

Mumbai: The Indian equity markets opened on a cautious note on Thursday after witnessing a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical tensions, as reports suggested that Israel had attacked Lebanon's Hezbollah, raising fears of a possible disruption in the Strait of Hormuz. Sensex traded 560 points or 0.72 per cent lower at 77,003, hitting an intra-day low in early trade, while Nifty fell as much as 182 points or 0.75 per ...Read More >

Kolkata, Apr 8 (PTI) Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States ...Read More >
Kolkata: India may exceed RBI's GDP growth projection for 2026-27, the chairman of the Economic Advisory Council to the Prime Minister, S Mahendra Dev, said on Wednesday. Speaking at an interactive session with members of the Bharat Chamber of Commerce in Kolkata, he expressed confidence that the economy could achieve 7% growth against the RBI's projection of 6.9%."I am more positive about growth and hoping for 7%. Last year we achieved 7.6%, but many said it would not exceed 7%. Our economy has ...Read More >

External affairs minister S Jaishankar will visit Mauritius and the United Arab Emirates (UAE) this week to bolster bilateral relations. Jaishankar will travel to Mauritius on April 9-10 to participate in the Indian Ocean Conference and deliver the keynote address, the external affairs ministry said on Wednesday. Jaishankar will meet the leadership of Mauritius and review the entire spectrum of bilateral ties. He is also expected to hold discussions with counterparts from other participating n ...Read More >

Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >

Kalyan Jewellers posts 64% Q4 revenue growth driven by strong wedding and festive demand, with robust same-store sales and rising traction in its digital platform. Kalyan Jewellers on Tuesday said that it saw a consolidated revenue growth of 64% in the March quarter (Q4FY26), as wedding and festive demand remained strong. The disclosure was made in its latest business update for the period. The strong buying sentiment comes at a time when gold prices have remained volatile. Kalyan Jewellers is ...Read More >

New Delhi [India], April 8 (ANI): Defence Minister Rajnath Singh on Wednesday chaired the third meeting of the Informal Empowered Group of Ministers (IGoM) set up to monitor the evolving situation in West Asia. The meeting reviewed measures being taken to ensure the continued availability of essential commodities and safeguard Indian citizens from the impact of regional tensions. In a post on X (formerly Twitter), Rajnath Singh said, "Chaired the 3rd meeting of the Group of Ministers on West A ...Read More >

New Delhi, Apr 8 (PTI) While India's progress in the renewable-energy sector has been "tremendous", the hindrances in large-scale implementation of solutions are more "technical than actual", a top government official said on Wednesday. Talking to PTI Videos, Suman Chandra, Director at the Ministry of New and Renewable Energy, said there are technical problems of transmission not having kept pace with the solar and wind deployment, and that the government is solving it. "Our progress has been ...Read More >

New Delhi [India], April 8 (ANI): The Congress on Wednesday criticised the BJP-led Union government for its alleged missteps over the Pakistan-brokered US-Iran war ceasefire, calling on the government for a "unified national approach" to restore India's role as a peacemaker, in coordination with the Opposition. In a post on X, Congress Foreign Affairs Department President Salman Khurshid released the official statement from the party and condemned the BJP's "missteps, partisan alignment and cow ...Read More >

Mumbai: The Ministry of Civil Aviation (MoCA) announced a 25% reduction in landing and parking charges for domestic operations of Indian carriers for three months to stabilise the domestic aviation sector against volatile global markets. The relief measure comes as a strategic intervention to maintain affordable air travel amid the ongoing West Asia crisis, which has led to a sharp rise in aviation turbine fuel (ATF) costs. ATF Prices Skyrocketed Over 100% in April; Government Capped Hike at 25 ...Read More >
Global uncertainty is likely to linger in the near term, with crude oil prices emerging as a key risk factor for markets and the broader economy, according to Dhiraj Relli, MD & CEO of HDFC Securities. Speaking on the sidelines of "The Big Review" report launch in Mumbai, Relli said elevated oil prices are creating a cascading impact across inflation, interest rates, and corporate earnings, affecting economies worldwide. However, he remains hopeful that easing geopolitical tensions in West Asi ...Read More >

Mumbai (Maharashtra) [India], April 8 (ANI): HDFC Securities on Wednesday released its 'The Big Review' report, stating that India's real GDP growth is expected to remain at 6-7 per cent, while nominal growth is expected to improve soon. Speaking at the event in Mumbai's St. Regis, Varun Lohchab, Chief Research Officer-Equities at HDFC Securities, said, "While the real GDP growth is expected to remain at 6-7 per cent, nominal growth will be better due to inflation improvements." Also Read | HC ...Read More >

Chennai: In a major trend reversal in price movements on the two-week ceasefire announcement, crude prices crashed 15 per cent and natural gas prices fell 3 per cent, while gold and silver rose by 2-4 per cent. Platinum and copper, too, gained from the development, while prices of some of the agricultural commodities like wheat and soyabean eased. Dollar index edged lower, and rupee made some gains. WTI crude plunged over 15% to below $95 per barrel after US President Donald Trump announced a t ...Read More >

New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >

Chennai: The announcement of a ceasefire in Iran has reversed trends in the commodity and currency markets. While gold, silver, platinum and copper have moved up, crude oil and natural gas prices have declined. The US dollar has weakened, and the rupee has made some gains. However, the reversal in commodity prices remains uncertain as the ceasefire and broader peace in West Asia lack clarity, says Jateen Trivedi, VP, Commodities and Currencies, LKP Securities. Q) The ceasefire announcement has ...Read More >

New Delhi, Apr 8 (PTI) The war in West Asia is aiding demand for luxury electric vehicles driven by concerns over fuel prices among customers, BMW Group India President and CEO Hardeep Singh Brar said on Wednesday. The German luxury carmaker has increased its EV sales in India to 26 per cent of its overall sales in the first quarter of 2026 as compared to 21 per cent in the year-ago period, Brar told PTI. BMW Group India posted its highest-ever Q1 car sales, with 4,567 units in the first quart ...Read More >

New Delhi, Apr 8 (PTI) Investors' wealth swelled by Rs 16.25 lakh crore on Wednesday, mirroring a sharp rally in the stock market where the BSE Sensex jumped nearly 4 per cent, after the US and Iran announced a two-week ceasefire. Rising for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 points or 3.95 per cent to settle at 77,562.90, registering its best trading day in five years. During the day, it surged 3,018.96 points or 4 per cent to 77,635.54. Thanks to the sharp rally ...Read More >
India will lead South Asia's economic growth. The World Bank forecasts India's economy to expand by 7.6% in FY26. The region's overall growth is expected to slow initially but recover. However, global uncertainties and energy market disruptions pose risks. Countries need reforms to sustain growth and create jobs. Other South Asian nations show varied growth projections. World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, ...Read More >

Gurugram (Haryana) [India], April 8 (ANI): After tensions in West Asia rattled global oil markets, India's luxury carmakers are seeing an unexpected beneficiary, electric vehicles. Also Read | Sanju Samson Gifts New Smartphone Worth INR 40,000 to Fan After Noticing Broken Screen on His Old Mobile. BMW Group India says the ongoing geopolitical turmoil is driving a measurable shift in buyer sentiment towards EVs, and the numbers are backing it up. BMW Group India posted its highest-ever first-q ...Read More >

New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >

Kolkata, Apr 8 (PTI) The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that the Indian Rupee is expected to stabilise around the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. He also said that India must sustain 7-8 per cent growth and reforms to achieve developed nation status by 2047, ...Read More >

New Delhi, Apr 8: Gold prices jumped Rs 3,007 to Rs 1.53 lakh per 10 grams in futures trade on Wednesday due to increased buying on the back of a weak US dollar and relief sentiment after Washington and Tehran agreed to a two-week ceasefire. On the Multi Commodity Exchange, the yellow metal for June delivery appreciated by Rs 3,007, or 2 per cent, to Rs 1,53,296 per 10 grams. Weak dollar and ceasefire boost sentiment Gold prices were supported by a weaker US dollar after President Trump announ ...Read More >

New Delhi, Apr 8 (PTI) Aviation stocks ended sharply higher on Wednesday following a steep decline in crude oil prices after the US and Iran announced a two-week ceasefire. Easing of geopolitical stress led to a sharp fall in Brent crude oil prices, which tumbled 14.12 per cent to USD 93.95 per barrel. InterGlobe Aviation, the parent firm of IndiGo, jumped 8.16 per cent to settle at Rs 4,616.60 on the BSE. During the day, it zoomed 10.98 per cent to Rs 4,737.40. The stock of SpiceJet climbed ...Read More >

Jaipur, Apr 8 (PTI) Prime Minister Narendra Modi will inaugurate the HPCL-Rajasthan refinery at Pachpadra on April 21 -- a project that is expected to redefine the economy of western Rajasthan and emerge one of the country's largest integrated refinery-cum-petrochemical complexes. The inauguration of the refinery marks the culmination of a project whose journey has stretched over a decade and multiple governments. The 9 MMTPA project, whose cost has now more than doubled to around Rs 80,000 cr ...Read More >
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