The Indian government has significantly increased the windfall tax on diesel and aviation turbine fuel (ATF) exports, effective immediately, aiming to bolster domestic fuel supply and mitigate the impact of volatile global crude oil prices. Photograph: Mansi Thapliyal/Reuters Key Points
S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister, confidently stated that the Indian rupee is stabilising and is expected to settle around the 92-93 level against the US dollar, with foreign investment flows poised for
TransUnion Cibil CEO Bhavesh Jain urges lenders to proactively engage with customers on credit usage and repayment, drawing parallels to the successful strategies implemented during the Covid-19 pandemic, as the financial sector closely monitors the evolving impact of the Iran
Brazil Potash CEO Matt Simpson warns that the ongoing West Asia conflict, coupled with the Russia-Ukraine war, could trigger a global food crisis by impacting fertiliser supplies and planting seasons in Europe and North America, urging countries to rethink global
A total of 3,798 stocks declined while 635 advanced and 123 remained unchanged on the BSE. Illustration: Dominic Xavier/Rediff Key Points Since the conflict began, the BSE benchmark Sensex has tumbled 8,590.8 points. Mcap of BSE-listed companies eroded by Rs 48.29
‘Every day the meter is ticking. Like a time bomb.’Shipping giants are billing Indian exporters up to $3,000 per container in war surcharges — on cargo that sailed before the war began — as the Strait of Hormuz shuts down.
Experts warn that if geopolitical tensions continue to escalate and supply disruptions persist, oil prices could remain volatile and may move towards the $150 level in the coming period. Illustration: Dado Ruvic/Reuters Key Points A 20 per cent global shortage
Factors contributing to the outflows include rupee depreciation beyond the 92-per-dollar level, elevated US Treasury yields drawing capital back to safe-haven assets, and mixed early outlook for Q4 FY26 corporate earnings, particularly margin pressures in the IT and consumption sectors.
West Asia conflict poses a substantial risk to the global economy, including India. Illustration: Dado Ruvic/Reuters Key Points In Asia, reserve adequacy varies widely among major importers. Costly energy imports would weaken the rupee, raise inflation. While China’s roughly 401
Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Domestic equity markets resumed their sharp decline on
