Business

Finance Minister Nirmala Sitharaman highlighted India’s strong debt management, with an 81% debt-to-GDP ratio, positioning it favorably among major economies amidst global economic volatility. The ongoing Middle East conflict poses a systemic threat to global energy, impacting supply chains and economic stability, while the RBI’s MPC begins deliberations amid inflation concerns.

Group’s resolution plan for the takeover of insolvent Jaiprakash Associates Limited.

Gold and silver prices in India are predicted to stay strong in fiscal year 2026-27. Global uncertainty and demand for safe-haven assets will support prices. However, high interest rates could cap significant gains. Central bank purchases and industrial demand will also provide support. Volatility is expected to continue.

India is boosting urea imports by 2.5 million tonnes to ensure domestic availability amidst global supply chain disruptions linked to Middle East tensions. State-owned Indian Potash Ltd is managing the procurement, with shipments expected by mid-June. Simultaneously, the government is increasing gas supply to urea plants, aiming to bolster local production ahead of the crucial

Saudi Arabia has significantly increased its crude oil prices for Asian buyers amidst escalating Middle East tensions. This move, as global energy flows face disruption, sees Arab Light crude set at a record premium. Meanwhile, threats and counter-threats between the US and Iran have pushed oil prices well above $100 per barrel, impacting fuel costs