India’s UDAN 2.0 scheme, with a Rs 28,000 crore outlay, aims to significantly boost regional air travel over 10 years. The revamped initiative will develop 100 airports, support aerodrome operations, build helipads, and provide financial aid to airlines, enhancing connectivity to Tier-2 and Tier-3 cities.
Prior to the conflict, analysts had projected global LNG supply to increase by up to 10% this year, reaching between 460 million and 484 million metric tonnes, supported by new capacity additions.
The Middle East war has intensified an oil crisis as Iran’s actions in the Strait of Hormuz disrupt global energy supplies. While the Red Sea’s Bab el-Mandeb Strait is considered an alternative, it also faces threats. Reopening Hormuz is complicated by its geography and requires significant security measures, including a multinational coalition, to overcome the
Gold and silver price prediction today: Gold and silver prices may sustain their up move in the coming sessions, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group.
Iran has opened the Strait of Hormuz for friendly nations like India, China, Russia, Iraq, and Pakistan. This comes as UN Secretary-General Antonio Guterres urged an end to the conflict and the reopening of the vital waterway. The Strait of Hormuz is a crucial oil route, and its volatility impacts global energy flows amid regional
Oil prices rebounded past $100 as markets reassess Middle East conflict developments. Iran’s mixed signals on US peace proposals, coupled with Trump’s tougher stance, create market uncertainty. Meanwhile, the ongoing conflict severely impacts global supply chains, particularly through the Strait of Hormuz, leading to significant oil disruptions.
Sammaan Capital shares surged 6% following the RBI’s approval for a controlling stake acquisition by UAE’s International Holding Company (IHC). IHC will invest approximately Rs 8,850 crore through its entity, Avenir Investment, marking a significant development for the company.
Indian stock markets surged today, with Sensex crossing 75,000 points. This rally, driven by hopes of a West Asia conflict resolution and easing crude oil prices, saw global markets also perform strongly. Foreign fund selling slowed, while domestic investors bought heavily, adding significant wealth to investors.
Lok Sabha approved the Finance Bill with key amendments. Promoters’ capital gains from share buybacks will now face a 12% surcharge. Startup tax holidays have been extended, with the turnover threshold raised to Rs 300 crore. Taxpayers will now receive a minimum of 30 days to respond to reassessment notices, fostering a trust-based tax administration.
