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Mumbai, April 7: Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critical hurdle due to ...Read More >
The timing is significant: the cargoes were likely secured before the worst of the Hormuz disruptions took hold, suggesting the shift towards Venezuelan crude reflects a longer-term strategic repositioning rather than a purely reactive scramble for available barrels. India imports around 90% of its crude oil requirements, and the Strait of Hormuz typically carries close to 40% of its total supply. The near-closure of that route following the outbreak of the West Asia conflict has forced refiner ...Read More >
Mumbai (PTI): The rupee depreciated 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market parti ...Read More >
NEW DELHI, April 7 (Reuters) - India is planning sovereign guarantees to support insurers that provide cover for vessels travelling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source. A separate $300 million fund with contributio ...Read More >
ANI: "All countries can play a big role to stop this war because now the war is now affecting the lives of lots of people- the price of gas, oil and shipping has increased. So I think it is very necessary and important that world leaders come together and they ask President Trump to stop this war," Iran's Supreme Leader's Representative in India said on Monday. Abdul Majid Hakeem Ilahi also praised Indian diplomacy and said that New Delhi can play a deeper role in the issue. "The Indian diplom ...Read More >
The district administration has "begun prioritising migrant workers and labourers without LPG connections, who have been hit by skewed supplies", by rolling out 5 kg mini cylinders through gas distribution agencies, officials said on Sunday. Officials said any valid Aadhaar holder can purchase one mini cylinder at a time, with no requirement of a prior LPG connection or proof of permanent residency. Migrants can purchase the 5kg cylinders directly using Aadhaar identification by paying around ...Read More >
Chennai (Tamil Nadu) [India], April 7 (ANI): 30 Indian fishermen arrived in Sri Lanka on Tuesday and made their way back home safely. 21 of them were from Ramanathapuram, while 9 others were from Karaikal The fishermen, hailing from Nagapattinam, Mayiladuthurai, and Karaikal regions, had ventured into the sea on February 15 in two boats for fishing. Also Read | Middle East Conflict: Iran Calls for Human Chains Around Power Plants As Donald Trump's Deadline Nears To Reopen Strait of Hormuz. Th ...Read More >
New Delhi, Apr 7 (PTI) Crude oil prices rose nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trade on Tuesday, tracking strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz. On the Multi Commodity Exchange (MCX), crude oil for April delivery increased by Rs 300, or 2.83 per cent, to hit a lifetime high of Rs 10,888 per barrel. Similarly, the May contract also advanced Rs 170, o ...Read More >
NEW DELHI: Seventeen India-bound ships -- both Indian- and foreign-flagged -- carrying energy products are waiting on the west of the Strait of Hormuz. TOI has learnt that while four of these are loaded with LPG, three are carrying LNG and remaining 10 have crude oil loaded in them.So far, eight Indian vessels carrying LPG and another foreign-flagged ship carrying crude have crossed the conflict-hit strait to head to India since the war broke out. Green Sanvi carrying 46,500 tonnes of LPG and 25 ...Read More >
Mumbai: Indian stock markets witnessed sharp volatility on Tuesday. The indices opened weak, saw a quick recovery, but failed to hold gains later in the session. As per latest data, the Nifty 50 was trading at 22,945.70, down 22.55 points, while the BSE Sensex stood at 74,007.92, lower by 98.93 points. The day started on a weak note, with Nifty around 22,950. It soon dropped sharply to the day's low near 22,719, before recovering to above 22,900 levels. However, another round of selling dragged ...Read More >
New Delhi, April 7: Gold and silver prices showed volatility in Tuesday's session amid geopolitical tensions following US President Donald Trump's recent aggressive posts on Iran. On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,50,228, up Rs 247 or 0.16 per cent at 11:35 am. On the intraday front, the yellow metal rose as much as 0.32 per cent or Rs 493 to Rs 1,50,474. Earlier in the session, before 10 am, it was trading lower by 0.23 per cent or Rs 356 at Rs 1, ...Read More >
New Delhi, April 7: The Ministry of Information and Broadcasting (I&B) on Tuesday directed the Broadcast Audience Research Council (BARC) to continue withholding the publication of Television Rating Points (TRPs) for news channels for an additional four weeks, or until further orders, citing concerns over sensationalism and speculative reporting related to the ongoing West Asia conflict. "According to the direction, whereas the Ministry of Information and Broadcasting had issued a Direction dat ...Read More >
Mayiladuthurai (Tamil Nadu) [India], April 7 (ANI): Tamil Nadu Chief Minister and Dravida Munnetra Kazhagam (DMK) President MK Stalin on Tuesday interacted with residents of Sirkazhi town in Mayiladuthurai district as part of an early morning outreach campaign ahead of the 2026 Assembly elections, engaging directly with voters and seeking support for the DMK-led alliance. Stalin undertook a morning walk through the Serkazhi town area, where he stopped at a small tea shop, interacted with locals ...Read More >
New Delhi [India], April 7 (ANI): The Ministry of Petroleum and Natural Gas has conveyed that the daily quantity of 5 kg FTL (Free Trade LPG) cylinders allocated to each State for distribution to migrant labourers is being doubled. In its letter to the Chief Secretaries of all states and Union Territories, the Ministry stated that the increase is based on the average daily supply (number of cylinders) provided to migrant labourers during March 2 to 3, and is beyond the earlier limit of 20% ment ...Read More >
New Delhi [India], April 7 (ANI): The World Health Organisation (WHO) South-East Asia Region on Tuesday called for urgent, science-led action and a stronger One Health approach to address increasingly complex and interconnected health risks, marking World Health Day 2026. "Across the Region, health risks are increasingly driven by climate variability, environmental change, and evolving disease patterns. Responding effectively requires stronger, science-led and cross-sectoral approaches grounded ...Read More >
MUMBAI: The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73, 734, while Nifty began the session at 22, 838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitting an int ...Read More >
New Delhi: Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump's Tuesday deadline to reopen the Strait of Hormuz to Iran. Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.87. Brent crude has witnessed a gain of over 60 per cent since the conflict began from $72. ...Read More >
Mumbai, April 7 (SocialNews.XYZ) The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 17 paise to 93.07 against the US dollar in early trade on Tuesday, weighed down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Forex traders said the USD/INR pair remains vulnerable to any flare-up in the US-Iran conflict, which in turn would push crude oil prices further. At the interbank foreign exchange market, the rupee opened at 93.05 against the US dollar, then lost gr ...Read More >
Mumbai, April 7: The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitting ...Read More >
BENGALURU: Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his deadline of 8 p.m. EDT ...Read More >
New Delhi [India], April 7 (ANI): The Indian Market opened in the red on Tuesday as the benchmark indices experienced a sharp decline during the early trade, tracking global cues and rising energy costs. The BSE Sensex stood at 73,371.20 points, marking a significant drop of 735.65 points or 0.99 per cent at 9:16 am. At the same time, the NSE Nifty 50 started at 22,741.30 points, recording a decrease of 226.95 points or 0.99 per cent. The negative opening follows a surge in Brent crude prices, ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. West Texas Intermediate crude has hit $115 a barrel, gasoline prices in the US are up nearly 40% since late February, and Bitcoin is still trying to break through a wall it has failed to climb six times now. That is the world Bitcoin finds itself in on Monday as it briefly touched $69,550 -- a modest 3.30% gain that nevertheless sent shockwaves through the derivatives market. Ov ...Read More >
India's ongoing Liquefied Petroleum Gas (LPG) crisis has exposed the vulnerability of the country's cooking fuel supply chain, prompting renewed calls for diversification and a stronger push toward domestic alternatives such as ethanol. The disruption stems largely from geopolitical tensions in West Asia, particularly the conflict involving Iran, which has slowed shipments passing through the strategically vital Strait of Hormuz. The narrow maritime corridor handles a major share of India's LPG ...Read More >
BENGALURU, - Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his deadline of 8 p.m. ...Read More >
NEW DELHI, April 7 (Xinhua) -- Amid supply disruptions in the wake of the situation in the Middle East, India has floated a global tender seeking to import 2.5 million metric tons of urea, officials said Monday. The state-run Indian Potash Limited has already issued a tender in this regard, with bids due by April 15. India relies on global markets to meet its demand for urea. The demand for the key crop nutrient is expected to increase as the monsoon sets in and the summer-sowing season begins ...Read More >
BENGALURU, April 7 (Reuters) - Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his dea ...Read More >
* March job gains surpass expectations, unemployment rate dips * ISM non-manufacturing PMI decelerates, prices paid hit 3-1/2-year high * Soleno Therapeutics surges on Neurocrine's $2.9 bln buyout deal (Updates to market close) By Stephen Culp and Purvi Agarwal April 6 (Reuters) - U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reope ...Read More >
Over the past few weeks, six other Indian LPG vessels from the Gulf region -- Shivalik, Nanda Devi, Pine Gas, Jag Vasant, BW Elm and BW Tyr -- have reached Indian shores. The movement of these vessels comes amid growing concerns over energy supplies. India, the world's second-largest LPG importer, is facing one of its worst energy crises in decades due to the strategic blockade of the Strait of Hormuz amid the war between Iran and the US-Israel. India, before the war, relied on imports for 60 ...Read More >
Nearly 1,800 Indian nationals have left Iran via Armenia and Azerbaijan since the start of the West Asia conflict, while two Indian-flagged carriers laden with 62,000 metric tonnes of LPG are expected to reach Indian ports this week after safely transiting the Strait of Hormuz, officials said on Monday. Indian nationals wishing to leave Iran have had to make their way to Armenia and Azerbaijan via land border crossings as Iranian airspace has been closed since the start of hostilities on Februa ...Read More >
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