Business

Fertiliser Outgo May Hit 3.8L Cr, Oil Cos Losing 700/Cylinder

Oil prices dipped Friday as traders reacted to reports of a potential 60-day extension to a US-Iran ceasefire, which could ease restrictions on the Strait of Hormuz. While US Vice President Vance indicated a deal is close, sticking points remain, and renewed tensions on the ground underscore the ceasefire’s fragility.

Reliance Industries is making artificial intelligence central to its media and entertainment strategy. The company aims to drive growth across streaming, television, and digital content. AI will redefine entertainment and audience engagement. Reliance is integrating AI into core operations for efficiency and to reshape content creation. This move is set to build deeper fan engagement

India is finalizing a new policy to boost urea production using coal gasification, aiming to slash reliance on imported natural gas and enhance self-sufficiency in fertilizer. This strategic move, expected within a month, leverages domestic coal reserves to secure vital agricultural inputs and conserve foreign exchange. The initiative aligns with broader government efforts to diversify

Indian markets remained steady near record highs despite rising oil prices due to Iran tensions. Strong corporate earnings, particularly from Dollar Tree and Kohl’s, bolstered investor confidence. While some companies faced headwinds from higher fuel costs, others like Snowflake saw significant gains driven by AI growth. Inflation data showed a slight acceleration, impacting Treasury yields.

Nomination assumes greater importance in the context of gratuity, given that it is a long-term benefit and often represents a significant financial entitlement.