India is in discussions with the World Bank and Asian Development Bank for approximately $2.5 billion in loans to support urban infrastructure and job creation. This move aims to bolster capital for government spending, which has been impacted by rising oil prices and increased subsidy expenditures due to the Middle East conflict.
The Strait of Hormuz is set to reopen after a US-Iran deal, potentially flooding Asian markets with millions of barrels of crude. Refiners, already well-supplied and reducing processing, now face worries of oversupply. This shift from earlier fears of shortages is reflected in falling oil prices and market contango.
The US Treasury did not issue an extension on Wednesday for its sanctions waiver covering Russian seaborne oil, which expired at midnight. However, neither President Donald Trump nor senior administration officials clarified whether the lapse would result in the sanctions being reinstated.
Gold and silver price prediction today: Gold prices are consolidating and silver prices are exhibiting a sideways to bullish bias, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group.
Prime Minister Modi and President Trump met at the G7 Summit, directing officials to finalize a balanced and commercially meaningful trade agreement. Discussions also covered progress under the India-US COMPACT initiative, spanning defense, technology, energy, and trade. Both leaders reaffirmed their commitment to strengthening the Comprehensive Global Strategic Partnership.
An LNG tanker, the Mraikh, is approaching the Strait of Hormuz after loading cargo in Qatar, signaling a potential increase in shipping activity following a US-Iran interim peace agreement. This development could ease Pakistan’s gas shortage and restore global LNG supplies, which were restricted by the waterway’s closure.
Top stock market recommendations: Bharat Electronics Ltd (BEL), Canara Bank, and TVS Motor Company – these are the top 3 stocks that Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management has recommended.
Oil prices dropped significantly as the US and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Tehran’s oil. This deal, aiming to restore pre-war conditions, could resolve a major energy supply disruption and potentially lead to a global oil surplus by 2027.
Canadian Pension Plan Investment Board is injecting up to ₹7,000 crore into CtrlS Datacenters, acquiring an 8.2% stake for ₹4,000 crore. This significant investment fuels India’s booming digital infrastructure, driven by escalating demand for cloud, hyperscale, and AI-ready data centers. A joint venture will also develop new hyperscale campuses across the nation.
