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New Delhi: The Reserve Bank of India's (RBI) decision to hold rates today was widely expected, but beneath that calm surface, experts warn that monetary policy is running out of runway. With Financial Year 27 growth forecast trimmed to 6.9 per cent, and crude prices still volatile, the central bank isn't in a hurry to reverse the rate cycle. Especially when growth risks are lingering. Yet the real challenge experts argue is no longer just about rates. After 125 basis points of easing, further c ...Read More >
New Delhi, Apr 8 (PTI) 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. Gold prices were supported by a weaker US dollar after President Trump announced a two-week ceasefire with Iran, a ...Read More >
Iran's Supreme Leader's Representative further noted that the world must come together in urging US to stop the war because of the suffering at various fronts. Iran's Supreme Leader's Representative in India responded to US President Donald Trump's sharp remarks on Monday saying it was a "big mistake" to start the Iran war, which has had wide-ranging repercussions. He also called on the world leaders to come together and urge POTUS to stop the war. His remarks came hours after Trump issued a s ...Read More >
An Iran-bound crude shipment that was initially headed for India changed course mid-voyage and began moving towards China, sparking speculation that payment issues or sanctions-related hurdles may have forced the diversion. Now, the ministry of petroleum and natural gas stepped in to clarify that there are no payment problems calling such claims "factually incorrect." The reports of a possible fallout came after ship-tracking firm Kpler said that the Aframax tanker Ping Shun -- which had initia ...Read More >
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country's first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade. India's largest refiner is expected to to take delivery of the Middle Eastern volumes this week, the people said, without providing details of the vessel or the payment mechanism. The people asked not to be named due to the sensitivity of the matter. IOC di ...Read More >
Mumbai, Apr 8 (PTI) Equity benchmark indices Sensex and Nifty ended nearly 4 per cent higher on Wednesday, following an impressive rally in global markets and a drop in crude oil prices, after the US and Iran announced a two-week ceasefire. Rallying 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. During the day, it surged 3,018.96 points or 4 per cent to 77,635.54. The 50-share NSE Nifty soared 873.70 points or 3.78 per cent t ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. Also Read | 8th Pay Commission News: Consultation Process Begins, Salary Hike Expected in FY 2026-27. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates u ...Read More >
New Delhi, April 8: Amid rising tensions in the Middle East, the Indian government on Wednesday introduced a new formula for LPG allocation aimed at supporting critical sectors such as pharmaceuticals, food processing, and agriculture. According to the Ministry of Petroleum and Natural Gas, the revised policy will ensure bulk LPG supply to a wide range of industries, including pharma, food, polymers, agriculture, packaging, paints, steel, ceramics, glass, and aerosols. These sectors are conside ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. Also Read | Purple C ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates unchanged as appropriate amid global uncertainty. She stated, "As per our analysis, if crude oil prices ...Read More >
BENGALURU: US stock index futures climbed on Wednesday as investors breathed a sigh of relief after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcement came less than two hours before US President Donald Trump's deadline, in a sharp turnaround from his previous warning of wiping out "a whole civilization" if Tehran did not reopen the Strait of Hormuz, the narrow waterway that ...Read More >
CHENNAI: As expected, the Iran war and its impact on oil flow through the Strait of Hormuz dominated the discussions at the three-day Monetary Policy Meeting of the Reserve Bank of India that ended on Wednesday. While announcing the key decisions of the committee's meeting, including deciding to keep the benchmark interest rate (otherwise known as repo rate) unchanged, RBI Governor Sanjay Malhotra explained the impact that the war would have on Indian economy and people. Here are some of the mai ...Read More >
PTC Web Desk: India has welcomed the temporary ceasefire between the United States and Iran, expressing optimism that the move could ease tensions and open the door to long-term stability in West Asia. In a statement issued on April 8, the Ministry of External Affairs (MEA) said it hopes the pause in hostilities will contribute to lasting peace in the region. Reiterating its consistent stance, India stressed that dialogue, diplomacy and de-escalation remain the most effective ways to resolve on ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Amid rising tensions in the Middle East, the Indian government on Wednesday introduced a new formula for LPG allocation aimed at supporting critical sectors such as pharmaceuticals, food processing, and agriculture. According to the Ministry of Petroleum and Natural Gas, the revised policy will ensure bulk LPG supply to a wide range of industries, including pharma, food, polymers, agriculture, packaging, paints, steel, ceramics, glass, and aerosols. These se ...Read More >
New Delhi [India], April 8 (ANI): Former Diplomat KP Fabian on Wednesday said that the Iran-US ceasefire is the most welcome development for the whole world. Fabian, in a conversation with ANI, said that sanity has been restored for US President Donald Trump, at least temporarily. "Separately, news stories suggest that Iran and Oman have agreed to a $2 million charge for passage, which they will share. What is particularly important is that even after the Iranian Foreign Minister mentioned the ...Read More >
New Delhi, April 8 (UNI) The Ministry of External Affairs on Wednesday welcomed the two-week ceasefire agreement reached between the United States, Israel and Iran, expressing hope that it would pave the way for "lasting peace" in the conflict-ridden West Asia. In an official statement, India reiterated its consistent position of advocating "de-escalation, dialogue and diplomacy" the only essential viable path to bring an early end to the ongoing hostilities. Highlighting the broader impact of ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. The projection follo ...Read More >
NEW DELHI: Pakistan International Airlines (PIA) has scrapped most passenger discounts and cut flight frequencies as rise in jet fuel prices squeezed the air carrier's finances, a new report has said. Pakistan-based Dawn cited a PIA spokesperson as saying that concessions are currently limited to children and infants, and all other fare discounts withdrawn. The move followed a high-level review of rising fuel costs and potential losses after Jet fuel (JP‑1) prices jumped significantly over fou ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The US-Iran ceasefire, Bitcoin, and the entire crypto market have quickly become intertwined as easing geopolitical tensions sparked a sharp move across digital asset markets. As headlines shifted from threats of escalation to a temporary pause, traders reacted instantly -- but whether this momentum can hold remains uncertain. Markets turned optimistic after US President Donald T ...Read More >
New Delhi, Apr 8 (PTI) The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire an ...Read More >
Chief Minister Rekha Gupta on Monday met Lieutenant-Governor Taranjit Singh Sandhu to discuss various issues, including the summer and monsoon action plans, water supply, electricity management and expansion of the PNG network in the Capital. According to officials, the meeting also focused on issues like energy security -- under which close monitoring of LPG supply chains to ensure timely availability, along with expansion of the PNG infrastructure to address shortages and curb black marketing ...Read More >
NEW DELHI: India is set to receive its first oil from Iran in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week, the data showed. Indian Oil, the country's top refiner, did not imme ...Read More >
New Delhi [India], April 8 (ANI): Abdul Majid Hakeem Ilahi, Representative of Iran's Supreme Leader in India, on Wednesday said that the US attacked Iran more than 10,000 times, targeting air forces and missiles. Ilahi, in a conversation with ANI, said that they did not want to be in conflict with any of its neighbours. But the US was using its bases in the Arab countries to attack Iran. "Iran and the United States have agreed to a ceasefire for two weeks. We did not want this war; it was impo ...Read More >
Mumbai: Crude oil prices saw a steep fall on Wednesday after the US and Iran agreed to a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil for April delivery dropped nearly 18 percent to Rs 8,775 per barrel, down from Rs 10,669. The fall came after a strong rally in recent days, where prices had touched record highs. The sudden drop reflects heavy selling by traders as fears of supply disruption reduced. Global oil falls below USD 100 The impact was seen globally as well. B ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices nosedived by 18 per cent to Rs 8,775 per barrel in futures trade on Wednesday, after the US and Iran agreed to a two-week ceasefire and the reopening of Strait of Hormuz, triggering heavy selling by traders as the geopolitical risk premium evaporated. Snapping a three-day rally, crude oil futures for April delivery opened lower by 6 per cent to Rs 10,029 per barrel, its lower circuit limit, on the Multi Commodity Exchange (MCX). Later, the contract exten ...Read More >
Indian carriers have cancelled over 10,000 flights since Iran war. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Indian carriers cancelled over 10,000 flights since West Asia conflict began in February * Daily flights to the Middle East dropped from 300-350 to 80-90 due to airspace closures * DGCA extended pilot flight duty limits to manage longer routes and avoid crew shortages Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Indian carriers have can ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro ...Read More >
New Delhi [India], April 8 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday expressed disappointment over the West Asia situation after Iran agreed on the reopening of the Strait of Hormuz, saying that the route was previously opened for everyone anyway, further questioning the United States about the outcome of the conflict. "So the ceasefire allows a strait to reopen, a strait that was open & freely available to everyone to use before the war started. What exactly did this 3 ...Read More >
Mumbai: The domestic bullion market in Mumbai witnessed a sharp rally on Wednesday, April 8, with gold prices rising majorly following the announcement of a two-week ceasefire between the United States and Iran. According to market data, 24-karat gold prices climbed by Rs 398 to reach Rs 15,382 per gram. Other variants also recorded gains, with 22-karat gold priced at Rs 14,100 per gram and 18-karat gold at Rs 11,537 per gram. The surge mirrors global trends, where spot gold prices jumped over ...Read More >
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