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India has ample stocks of crude oil, petro products to tide over Iran crisis

India has ample stocks of crude oil, petro products to tide over Iran crisis

India has adequate crude and petroleum stocks to manage the Iran crisis, with reserves covering about 25 days each of crude and products. Despite importing over 85% of its oil, much of it via the Strait of Hormuz, India has diversified supplies by increasing imports from Russia, Africa and the US. 16 days ago
Indian stock markets to remain closed on account of Holi

Indian stock markets to remain closed on account of Holi

Trading in equities, equity derivatives, securities lending and borrowing and interest rate derivatives will be suspended for the day, exchanges said on Tuesday. Commodity derivatives will be closed in the morning and open for the evening session. 16 days ago
Beware of 'Digital Arrest' fraud, document interactions: NPCI

Rs 593 crore fake invoice racket in Karnataka: GST practitioner in custody

The fraudulent network enabled wrongful Input Tax Credit (ITC) claims totaling nearly Rs 235 crore. Saifullah was presented in courts in Bengaluru and Belagavi and remanded to judicial custody. Officials are continuing the investigation to identify other beneficiaries and the full extent of the fraud. 18 days ago
Gold and silver prices hit record high this week amid global uncertainty

Global oil, gold, and silver prices likely to surge as US and Israel launch massive attack on Iran

Global markets are reacting sharply after the US and Israel launched a large-scale attack on Iran, raising fears of escalating conflict. The move is expected to push up oil prices worldwide, while gold and silver are likely to see a surge as investors seek safe-haven assets. Indian markets may open weak amid geopolitical uncertainty, with traders closely monitoring developments in the region. 19 days ago
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