Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years.Under the new regime, airlines opting into the scheme will pay a fixed ATF…
US stocks advanced on Tuesday as technology shares tied to the artificial intelligence (AI) boom extended their recovery from last week’s sharp sell-off, while lower oil prices eased pressure on investors.The S&P 500 rose 0.6%, moving back within 2% of the record high it touched a week ago. The Dow Jones Industrial Average gained 291…
A five-day meeting of BRICS member countries began in Indore on Tuesday, with discussions centred on food security, climate-resilient agriculture, farmer welfare and greater cooperation among member nations in the agriculture sector.Officials from BRICS countries participated in the opening round of discussions under India’s BRICS chairmanship, PTI reported.A senior official from the Department of Agriculture…
Rising oil prices, higher fertiliser costs and supply disruptions linked to the Iran war are beginning to cloud India’s economic outlook, with economists warning that prolonged tensions could push up inflation, slow growth and strain government finances.India, the world’s third-largest oil importer and consumer, imports about 90% of its crude oil requirements, making it among…
In the three months since the conflict began, Russia has continued to be the dominant player in India’s crude oil imports. (AI image) US President Donald Trump announced in February that India would stop buying Russian crude oil and step up energy ties with the United States of America. Four months after that, India’s Russian…
The government remains confident about India’s growth outlook despite rising fuel and fertiliser import costs triggered by the Middle East crisis, with official sources saying GDP momentum remains intact, domestic consumption is holding up and there is no immediate need for additional borrowing.Sources told news agency PTI the FY27 Budget had already factored in global…
SpaceX’s blockbuster initial public offering has attracted more than $10 billion in orders from institutional investors, signalling strong demand for what could become the largest IPO in history, according to Bloomberg sources.Banks managing the offering are expected to stop accepting orders from institutional investors after US markets close on Wednesday, giving them time to assess…
In a step towards introducing market-based coal trading, the government on Tuesday notified rules for setting up coal exchanges aimed at improving price discovery, boosting transparency and modernising the country’s coal supply chain.The ministry of coal on Tuesday said the Coal Exchange Rules, 2026 have been published, creating a regulatory framework for establishing and operating…
China’s exports grew at a faster-than-predicted pace in May, supported by strong overseas demand for semiconductors, electric vehicles and other technology-related products, even as geopolitical tensions and elevated energy prices weighed on global trade.Data released by China’s customs agency on Tuesday showed exports rose 19.4 per cent year-on-year in May, up from April’s 14.1 per…
This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs.Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier. The ratings agency said…