The Middle East conflict is starting to dim lights in Pakistan. Disruptions at the Strait of Hormuz have hit the globe’s oil pipeline, straining energy supplies across the world and pushing countries to switch on their power saver mode. For Pakistan, the effect has reached common people, with more people working from home and now…
As the European Union is set to widen its carbon border tax regime, Indian exports could face significantly higher carbon-related costs as the regime widens its scope, according to a report by the Global Trade Research Initiative (GTRI).The report said the European Parliament’s environment committee has proposed extending CBAM to around 180 additional steel- and…
Prime Minister Narendra Modi met Austrian Chancellor Christian Stocker in New Delhi’s Hyderabad House on Thursday, holding wide-ranging talks as the two sides exchanged MoUs. Stocker is currently on a four-day visit to India, his first since taking office last year. According to the ministry of external affairs, the meeting focused on strengthening bilateral cooperation…
The United States has emerged as India’s largest LPG supplier so far this month. (AI image) In wake of the Middle East conflict, India’s Liquified Petroleum Gas (LPG) imports have dropped sharply this month, falling to nearly half of February levels and extending the decline seen in March, according to shipping data. At the same…
The Delhi EV Policy 2.0 signals the end of internal-combustion engines, Bhavish Aggarwal said on Thursday, and “the start of our energy independence”. Bhavish Aggarwal, chairman and managing director, Ola Electric. (PTI) “The Delhi EV policy is the beginning of the end for ICE vehicles! And the start of our energy independence,” the promoter of…
Experts say the surge in electronics exports represents an unexpected boost from the smartphone production-linked incentive scheme. (AI image) In a big achievement for the government’s electronics component manufacturing scheme (ECMS), Apple’s India vendors have already exported a record $2.5 billion components to China. The development also signals a shift from the earlier pattern, where…
Gold appears set to extend its advance toward the 165,000 level in the upcoming sessions. (AI image) Gold and silver price prediction today: Gold and silver prices may extend gains in the coming days, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly chart, MCX…
Opening thoughts. The ₹3,99,900 Apple Studio Display XDR (which many think is just a very expensive display) has now received clearance from the US Food & Drug Administration for use in diagnostic radiology. This means Apple can now go ahead and release the Medical Imaging Calibrator for users, starting with the US market. At the…
Asian stocks edged higher on Thursday, as investor sentiments were lifted by hopes of United States and Iran extending their ceasefire and moving a step closer to reopening the crucial Strait of Hormuz. The gains were led by Japan’s Nikkei, which was up 1,214 points or 2% to 59,348. In South Korea, Kospi jumped 1.7%…
India’s stock market rose at the opening bell today, extending its rally to a second straight trading session, as hopes of an early end to the Iran war cooled crude oil prices. Still, the Strait of Hormuz remained a key risk. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) The 30-share S&P…
