Business

Nayara Energy has increased petrol and diesel prices. This move comes as global oil prices climb due to the Middle East crisis. Other fuel retailers are taking different approaches. Some are absorbing losses, while state-run companies have kept standard fuel prices unchanged since April 2022. Premium petrol prices have risen.

The bank has reduced its 12-month Nifty target, for end-March 2027, to 25,900 from an earlier 29,300. This suggests expected returns of about 13% in rupee terms and 12% in dollar terms over the next year, which is lower than the 19% upside projected for the MXAPJ index.

India’s fuel supply remains stable and secure. The government assures citizens that petrol, diesel, and LPG are readily available nationwide. Officials are combating a misinformation campaign designed to create panic. Strategic reserves are robust, covering approximately 60 days of supply. Domestic production and imports ensure continuous availability of essential fuels.

West Asia’s escalating conflict is severely impacting India’s premium basmati rice trade, with thousands of crores in payments pending and consignments stuck at ports. This disruption threatens significant losses for Indian traders and could negatively affect farming communities. The government is assessing the broader implications for various Indian sectors exposed to the region.

UAE car owners face a crucial choice: mandatory third-party insurance or optional comprehensive cover. While third-party is cheaper, it leaves your own vehicle and medical costs exposed. Comprehensive offers full protection against damage, theft, and weather, becoming increasingly vital due to rising repair expenses and extreme weather risks. Consider your vehicle’s value and your risk

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.