Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day…
HYDERABAD: I-T sleuths on Sunday launched a pan-India survey of around 70 restaurants, including some in Delhi and Mumbai, to scan alleged billing software manipulation for suppression of sales and lower tax payments.The sales concealment for the 70 outlets is around Rs 700 crore, part of a wider understatement of Rs 70,000 crore linked to…
Stranded UAE Workers: What Happens to Your Job and Salary Amidst Regional Instability? Thousands of residents across the United Arab Emirates have recently found themselves unexpectedly stranded outside the country due to flight disruptions, airspace closures and regional instability amid Iran vs US-Israel war. For many employees working in the UAE, the sudden inability to…
US financial services company Charles Schwab has leased about 340,000 sft of office space in Hyderabad, with capacity to accommodate around 2,000 employees, according to documents sourced from real estate analytics platform Propstack.The brokerage firm had earlier incorporated a new legal entity, Charles Schwab Services India (Schwab India), and established an employment centre in Hyderabad.“The…
Foreign portfolio investors (FPIs) turned heavy sellers in Indian equities during the first week of March, pulling out nearly Rs 21,000 crore (about $2.3 billion) over four trading sessions as global risk appetite weakened amid escalating tensions in the Middle East The withdrawals came between March 2 and March 6 in the cash market. Trading…
NEW DELHI: Air India announced on Sunday that it will operate 78 additional flights on nine international routes between March 10 and 18. The move aims to offer more travel options amid disruptions caused by the ongoing conflict in the Middle East.According to the airline, these flights will link Delhi with New York, London, Frankfurt,…
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…
As the Middle East conflict continues to escalate, India is rerouting its crude supply chains to secure uninterrupted fuel imports. Indian refiners are securing additional crude oil from the United States, Russia, and West Africa to maintain adequate supplies if the Middle East conflict stretches on for long, industry officials and analysts said. Refineries that…
Prime Minister Narendra Modi on Sunday inaugurated two new metro corridors, making Delhi home to India’s first fully operational Ring Metro. Alongside these, the PM also other unveiled major infrastructure projects, marking a significant boost to the city’s public transport and housing networks. The total investment across these projects is around Rs 33,500 crore, including…
As tensions in the Middle East enter their second week, concerns are rising over whether India’s energy supplies are sufficient. According to a recent government report, the country has more than 250 million barrels of crude oil and petroleum products in reserve, enough to meet demand for nearly two months. The combined reserves, estimated at…