Middle East oil exports to climb to 4-month high The Strait of Hormuz is slowly recovering its business after more than 100 days of disruption, with tankers once again flowing through the key passage. As the corridor is all set to get busy, Middle Eastern fuel oil exports are expected to climb to a four-month…
Just like the SPR creates storage reserves, there is now a need to create another SPR- Strategic Pricing Reserves. (AI image) By Col Rajeev Agarwal (Retired), Senior Research Consultant, CRFWith the signing of the MoU by President Trump and President Pezeshkian on 16 June and the operationalisation of the Roadmap of 60 days, there is…
MUMBAI: Amazon chief Andy Jassy is stepping up the company’s quick commerce push in India, having lost a lot of ground to local competitors Blinkit, Swiggy Instamart and Zepto and amid an aggressive ramp up of Minutes by e-commerce rival Flipkart.Jassy, who is on his first visit to India since assuming the CEO’s office in…
Crude oil prices tumbled on Thursday towards pre-war levels as tanker movement through the Strait of Hormuz picked up, easing earlier supply concerns. After surging past $126 per barrel during the Middle East crisis, oil has now fallen sharply, slipping back towards the $70 mark.Around 7 am IST, Brent crude stood at $72.90, down 1.14%…
NEW DELHI/MUMBAI: An Air India aircraft inadvertently took a wrong turn while taxiing after landing at Ahmedabad airport on Wednesday evening, bringing it onto the same taxiway as an IndiGo plane preparing for departure.The Mumbai-bound IndiGo flight was taxiing for take-off when the Air India aircraft, which had just landed from Mumbai, entered the wrong…
The National Stock Exchange (NSE) has retained its position as India’s most valuable unlisted company, with a valuation of Rs 4.86 lakh crore, according to the 2025 Burgundy Private Hurun India 500 report. The exchange continues to top the ranking of unlisted firms, staying ahead of Serum Institute of India and Adani Properties, reflecting sustained…
Both nations conclude ministerial-level talks on interim trade pact ahead of July tariff deadline India and the United States on Wednesday concluded a two-day round of ministerial-level negotiations on the proposed first phase of their Bilateral Trade Agreement (BTA), with both sides reviewing progress and discussing ways to finalise an interim pact before a key…
Elon Musk loses trillionaire status World’s first trillionaire is no longer a trillionaire!SpaceX founder Elon Musk lost his trillionaire status after a sharp sell-off in Tesla and SpaceX shares pushed the world’s richest person back below the 13-figure mark. According to Bloomberg’s Billionaires Index, Musk’s net worth has fallen to $957 billion. This comes after…
Airfares could rise by up to 25% as jet fuel costs surge, says McKinsey Geopolitical disruptions and refinery constraints are tightening global jet fuel supplies, increasing costs for airlines and potentially leading to higher airfares, according to a McKinsey report.The report said jet fuel demand is expected to rise ahead of the summer travel season…
RBI Governor says rate hike talk ‘premature’ as crude prices, monsoon remain uncertain NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra has pushed back against expectations of an imminent interest rate hike, saying it is “premature” to discuss tightening given the fragile truce between the US and Iran and the uncertainty it creates for…