NEW DELHI: Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said.“With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It…
There’s a war brewing far away between the US, Israel and Iran. But why is your monthly budget suddenly acting like it’s in danger too?The Middle East war that began as a geopolitical conflict over two months ago has slowly turned into a cost-of-living problem for households, as disruptions to oil supply routes, rising freight…
“Beta, paise ped par ugte hain kya?”Almost every Gen Z has heard this at least once, whether while ordering that expensive K-beauty product or clicking “buy now” on those must-have sneakers.Generation Z, the ‘fam’ that treats a 10-step skincare routine like a basic life skill, coffee runs like a non-negotiable ritual, and concerts like therapy…
State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…
Prolonged tensions in the Middle East are expected to keep crude oil prices elevated well into the coming years, according to Asian Development Bank Chief Economist Albert Park, who warned that the fallout could weigh on India’s growth and push up inflation.“With a higher oil price expectation, we actually have it as USD 96 per…
Oil pipelines across the globe are running dry, depleting at an unprecedented rate as the ongoing Iran war severely disrupts crude flows from the Persian Gulf, rapidly eroding the buffer that usually protects markets from supply shocks.The sharp fall in inventories has triggered rising concern across governments and energy markets, with the loss of more…
In a major push to India’s agricultural exports and the government’s One District One Product (ODOP) initiative, APEDA has facilitated the first-ever export of 20 metric tonnes of honey from Assam’s Baksa district to the United States, ANI reported.According to the Commerce and Industry Ministry, the consignment was flagged off on May 9 and exported…
European Union Ambassador Herve Delphin on Friday said the India-EU partnership has reached a “totally new level” in both strategic and qualitative terms, describing the relationship as “limitless, ambitious and progressive”, PTI reported. Addressing the Europe Day celebrations in the national capital, Delphin said the India-EU partnership is becoming increasingly significant for the 21st century,…
Ashok Kumar Panda on Saturday assumed charge as chairman and managing director of state-owned Steel Authority of India Limited (SAIL), succeeding Amarendu Prakash whose tenure ended on April 1, 2026, PTI reported.Before taking over as CMD, Panda was serving as Director (Finance) at SAIL, according to a company statement.Panda joined SAIL in 1992 as a…
China’s rare earth exports were valued at $64.2 million in April 2026, according to preliminary trade data released by the General Administration of Customs of the People’s Republic of China (GACC), ANI reported.The customs data showed that China exported 5,308.6 tonnes of rare earths during the month.China’s overall exports rose 12 per cent month-on-month in…