The Indian Rupee is likely trade in a narrow range near 93 per dollar, supported by the central bank-spurred unwinding of arbitrage positions, while lingering risks of a further flare-up in the Iran war are expected to cap upside. Traders reckon that the Reserve Bank of India will likely step in to avert a sharp…
Gold prices eased in futures trade on Tuesday, even as retail rates showed a mixed trend across major Indian cities.Gold prices declined by Rs 610 to Rs 1.49 lakh per 10 grams in futures trade, as surging crude oil prices and escalating tensions in West Asia kept investors cautious and weighed on demand for the…
Sona BLW Precision Forgings Ltd., also known as Sona Comstar, has achieved two key production milestones, signalling a global overdrive even as the wider automotive industry goes electric. Sona Comstar is currently among the world’s leading manufacturers of differential assemblies for electric vehicles—a sector that demands high-precision forging and complex mechanical-electrical integration. The Gurugram-based auto…
Air India Ltd. has revised its fuel surcharge math for domestic and international flights, reacting to a volatile energy market that has seen global jet fuel prices nearly double in a single month. Air India described the current landscape as “one of the most challenging fuel cost environments” airlines have faced in years. (Reuters) The…
The Middle East conflict, now in its sixth week, continues to send shockwaves across the world. From energy supply disruptions to rising fuel prices, several countries are being forced into emergency measures such as work-from-home policies and cost hikes. Meanwhile, the Gulf region is witnessing a split oil reality! While for some producers, soaring crude…
Air India Ltd. has confirmed the resignation of CEO Campbell Wilson, as reported by Hindustan Times earlier today, underscoring the top-level churn among some of India’s biggest airlines. Air India’s outgoing CEO Campbell Wilson. (PTI) Wilson, who took the helm following the airline’s privatisation, had signalled his intent to exit as early as 2024, Air…
Tata Steel Ltd. has achieved record annual production in India, fueled by capacity expansions that helped one of the world’s most geographically diversified producers navigate a shifting global landscape for industrial metals. While the Indian operations hit new highs, Tata Steel’s European units faced a more complex environment. (Reuters) The Tata Group company produced 23.48…
Campbell Wilson believes his tenure as chief executive officer of Air India Ltd. is a highlight of his thirty-year aviation career, one of “tremendous change and progress” at one of the world’s most storied airlines. Campbell Wilson, who has resigned as Air India CEO, will stay on until a successor is appointed to ensure a…
Gold price prediction today: Amid the Middle East conflict, gold prices are likely to see limited upside in the short-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
India is actively looking to offset supply disruptions from the Middle East caused by the Iran conflict. (AI image) Amid the raging US-Israel-Iran war, India is set to get high volumes of crude oil from Venezuela as the Strait of Hormuz supply disruptions continue. Shipping data quoted by Kpler indicates that over 12 million barrels…
