Business

Global financial markets are under pressure after crude oil prices surged past the $100 per barrel mark amid escalating tensions involving Iran. The sharp spike in energy costs has rattled investors worldwide, triggering declines in major stock markets and raising concerns about inflation and economic slowdown.

The global oil and gas industry is dominated by a handful of powerful companies that control massive reserves, production networks, and market value. Saudi Arabia, the United States, and China lead the list of the world’s biggest energy companies, while Indian firms continue to expand their presence in the global energy market.

The Indian government has relaxed foreign direct investment norms for countries sharing land borders with India, allowing investments of up to 10 percent without prior government approval. The Cabinet also introduced a 60-day deadline to decide on certain investment proposals, aiming to boost manufacturing and simplify investment procedures.

Indian stock markets witnessed heavy selling in oil marketing and paint sector shares after global crude oil prices surged sharply amid rising geopolitical tensions in West Asia. The sudden spike in Brent crude raised concerns about shrinking profit margins for companies heavily dependent on petroleum-based inputs.

In Shorts India has assured that it currently has sufficient fuel reserves to meet domestic demand, but authorities have still directed oil refineries to increase the production of liquefied petroleum gas (LPG). The step is being taken as a precaution to ensure uninterrupted cooking gas supply across the country. Government sources stated that India’s stock…

Morgan Stanley Lays Off 2,500 Employees Across Major Divisions

Russia has publicly communicated its preparedness to step in as a reliable energy supplier for India if ongoing tensions in West Asia lead to extended disruptions in oil and gas shipments. New Delhi is already seeking alternative energy channels as strategic reserves are strained and key transit routes like the Strait of Hormuz face uncertainty.

Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney have signaled a renewed focus on economic cooperation, agreeing to boost bilateral trade and put years of diplomatic strain behind them. As both sides accelerate talks on a comprehensive trade pact and finalise critical sector agreements, the two democracies are charting a path toward…

India has posted a strong 7.8 percent GDP growth for the October to December quarter of FY 2025-26. However, the headline number is only part of the story. The country has introduced a revised GDP calculation framework that offers a more accurate reflection of its evolving economic structure. The updated data series is now being…

The United States has begun enforcing a temporary 10 percent tariff on imported goods worldwide, but the administration of Donald Trump is already preparing to increase the levy to 15 percent. The move follows a recent legal setback and has created fresh uncertainty in global trade circles.