Business

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

Rising geopolitical tensions in West Asia have pushed up crude oil prices, triggering a rise in bond yields. Higher oil prices and a weakening rupee are stoking inflation concerns, prompting investors to reassess their debt portfolios

The Indian Rupee strengthened against the US dollar on Monday. This gain followed intervention by the Reserve Bank of India to curb speculative positions. The central bank capped banks’ net open positions. Despite this, foreign capital outflows and global uncertainties pose risks. The Rupee may strengthen further but volatility is expected to persist.