File photo: Union minister Piyush Goyal Union minister Piyush Goyal on Saturday said India is well placed to handle any disruption in crude oil and fuel supplies despite the worsening Middle East crisis, asserting that there has been “absolutely no disturbance” in petrol, diesel or aviation fuel availability, while also indicating that the government will…
Foreign portfolio investors (FPIs) turned aggressive sellers in Indian equities in March, pulling out Rs 52,704 crore (around USD 5.73 billion) from the cash market in the first fortnight of the month. The withdrawals come amid escalating tensions in West Asia, the weakening of the rupee and growing concerns over the impact of elevated crude…
Air India cancelled several flights scheduled for Sunday, to the United Arab Emirates, especially Dubai, as the evolving West Asia crisis has led to operational restrictions and schedule changes across the region.In a statement posted on X, Air India said UAE airport authorities had instructed airlines to reduce operations. “In view of the latest instructions…
UAE’s Best Savings Tools in 2026: Apps, Budget Rules and Smart Money Hacks Explained As the cost of living rises across the Gulf, many residents in the UAE are searching for smarter ways to save money without sacrificing their lifestyle. From digital budgeting apps to automated savings tools and simple financial rules, a new wave…
What is force majeure and why have some Gulf countries invoked it during the Iran vs US-Israel war? As the Middle East conflict between Iran, the United States and Israel intensifies, a legal term rarely discussed outside corporate boardrooms has suddenly become headline news and that is force majeure. Several Gulf energy producers, including Qatar,…
The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing…
The persistence and sustainability of high oil prices will play a key role in shaping the scale of the economic impact on countries. (AI image) Inflation at a benign 2.2% and growth at 8.0% in the first half of 2025-26 present a rare goldilocks period – that’s what RBI governor Sanjay Malhotra said in the…
Mumbai: Net FPI selling on Indian exchanges reached around Rs 54,455 crore ($5.9 bn) by 13 Mar 2026 as global risk sentiment turned negative after a brief recovery in foreign flows earlier in the year.The earlier improvement in flows followed the India–US tariff deal, which reduced tariffs on Indian exports to the US and improved…
Gold prices have slipped in recent sessions even as geopolitical tensions escalated in West Asia, surprising investors who typically view the precious metal as a safe-haven during periods of uncertainty.It has been 14 days of intense military exchanges involving the United States, Israel and Iran. Over this period, benchmark indices Nifty and Sensex have declined…
As the Middle East war continues to escalate, tensions are mounting for the South Asian nation of Pakistan. The country is facing an economic crisis as Iran has disrupted fuel shipments through the Strait of Hormuz, its main oil supply route. Pakistan relies on Saudi Arabia and the United Arab Emirates for over 85% of…