A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.
Economists say that if the situation does not improve in the coming days, then more hikes may be in the offing. However, the approach of gradual hikes in petrol and diesel prices is to avoid an immediate inflation shock to the economy.
Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.
Gold price prediction today: Gold prices are unlikely to rise too much unless crude oil prices come down for a longer term duration, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
The government has firmly refuted widespread rumors about a plan to monetize gold held by temples and religious institutions. Asserting that such claims are “completely false” and “without any basis,” officials clarified that no scheme is being prepared to convert temple gold into bonds or designate it as “Strategic Gold Reserves.
The Indian rupee continued its decline against the US dollar, falling 18 paise to 96.38 amid rising crude oil prices and Middle East tensions. The currency has lost over 5% since late February, with concerns over geopolitical instability and foreign portfolio investor outflows pressuring its value.
In a strategic pivot, Liberty Mutual Insurance has raised its stake in Liberty General Insurance to an impressive 74%. This latest increase follows a similar upswing in September 2025, affirming Liberty Mutual’s dominance after Videocon stepped back in 2018. With its reinforced foundation, the Indian insurer is set to pursue expansive opportunities in the retail
In a recent development, Maharashtra’s charity commissioner has specified that the order to freeze board meetings is targeted exclusively at the Sir Ratan Tata Trust, sparing the other Tata Trusts from disruption. This relief allows the broader philanthropic community associated with Tata to continue their vital work without interruption, clearing up confusion caused by the
Stock market recommendations: Bajaj Finserv, and Tata Elxsi are the top stocks to buy as per Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan’s recommendation for May 19, 2026. The expert has identified TVS Motor Company as a sell call:
Oil prices dipped Tuesday as President Trump announced a pause on planned attacks against Iran, opening doors for potential talks. This development comes amid ongoing Middle East tensions that have disrupted the crucial Strait of Hormuz, impacting global supply. Consequently, fuel prices in India saw another hike, with petrol and diesel rates increasing significantly.
