India’s crude oil imports are nearing pre-conflict levels, thanks to refiners diversifying away from traditional Gulf suppliers. Purchases from Russia, the US, and other regions have compensated for Middle East disruptions. Russia remains a favored source due to attractive pricing. While the Strait of Hormuz has reopened, Asian refiners are cautious about immediate increases in
The government has granted taxpayers an extra month to file appeals with the Goods and Services Tax Appellate Tribunal (GSTAT), extending the deadline to July 31, 2026. This decision follows concerns over technical issues on the GSTAT portal due to a recent surge in filings. The extension aims to ensure a smoother transition and prevent
The Strait of Hormuz is seeing a welcome return of maritime traffic after a period of intense tension. Following recent attacks and subsequent retaliatory strikes, crude carriers are cautiously re-entering the Persian Gulf. Data indicates a significant increase in commodity vessel transits, signaling renewed confidence among shipowners and a potential boost for regional oil output.
Reliance engaged with regulators to secure greater flexibility in IPO rules, encouraging key investors to divest their holdings, and designing the country’s largest public offering while keeping its structure under wraps. The highly confidential initiative was internally code-named Project Jupiter, reflecting both its scale and strategic importance.
Leading Indian discount brokers are set to launch overseas investing via GIFT City, simplifying access to global stocks like Apple and Tesla for Indian investors. This move, facilitated by GIFT City’s regulatory framework, allows investments as low as $1 through fractional ownership. Funds are transferred via the RBI’s LRS, with investors retaining beneficial ownership and
Gold price prediction today: Gold prices are expected to continue being under pressure in the near-term as rate hike fears feed into a stronger dollar, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Hospitality firm Prism, parent of OYO, has filed updated papers for a Rs 6,650 crore IPO, comprising only a fresh issue of shares. The company plans to use most proceeds to repay borrowings. Prism reported a significant jump in revenue and profit for the first nine months of FY26, driven by its US business. S&P
Pakistan has urgently secured a liquefied natural gas shipment amid ongoing disruptions in the Strait of Hormuz impacting Qatari exports. The nation’s energy supply chain faces strain due to regional tensions, forcing reliance on costly spot market purchases. These incidents, including attacks on vessels, have halted Qatar’s LNG flows, creating global energy market volatility and
Gold prices are plummeting, heading for their worst monthly drop since 2008. Easing Middle East tensions and rising US interest rate expectations to combat inflation are driving the decline. Analysts suggest a strong dollar and higher rates are overshadowing gold’s traditional safe-haven appeal. Investors are now keenly watching upcoming US jobs data for further clues
US Ambassador Sergio Gor announced that the US-India trade agreement is in its final stages, with only a small percentage of issues remaining. He expressed confidence in a swift conclusion after 18 months of talks, highlighting the pact’s potential to bring greater certainty and stability for businesses. Bilateral trade has surged significantly, with both nations
