Oil, Gas Prices Surge After Iran Attacks Gulf Energy Sites
Global oil and natural gas prices surged sharply after Iran launched strikes on key energy facilities in the Gulf, including Qatar's LNG hub, disrupting supply and raising inflation fears.
Category : Economy
Rupee Hits Record Low 92.89 vs Dollar, RBI Steps Up Intervention
The Indian rupee plunged 49 paise to a historic low of 92.89 against the US dollar on Thursday. The RBI has dramatically increased its market intervention, with net-short dollar positions nearing $100 billion to combat volatility and dollar strength.
Qatar LNG Strike Puts India's Energy Supply at Risk
A strike on Qatar's Ras Laffan LNG hub exposes India's vulnerability to global energy shocks, threatening rising gas prices, LPG shortages, and economic ripple effects.
Gold, Silver Price Prediction: Upside Swing Expected, Says Nuvama
Gold prices may see an upside swing, while silver could move up to Rs 285,000, according to Abhilash Koikkara of Nuvama. MCX Gold holds bullish trend above 150,000 support, with silver poised for gains if it stays above 238,000.
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Brent Crude Surges 4% After Iran-Qatar Energy Attacks
Brent crude oil prices surged over 4% to $112.17 per barrel following Israeli strikes on an Iranian gas field and retaliatory attacks on Qatar's key fuel hub, raising global supply concerns.
Punjab Power Demand Halves as Temperatures Dip Post-Rain
Punjab's electricity demand has sharply fallen from 11,400 MW to 5,500 MW due to recent rainfall and cooler weather, providing relief to PSPCL amid grid stability concerns.
Rupee Hits Record Low 92.63 per Dollar on Conflict, Oil Pressures
The Indian rupee closed at a historic low of 92.63 per US dollar, driven by the West Asia conflict, soaring oil prices, and significant foreign portfolio outflows. Experts warn of potential further depreciation beyond 93.
India's Economic Ascent to Upper Middle-Income Status
India faces the challenge of sustaining high economic growth to break free from the low-income trap and achieve upper middle-income status, amidst global and domestic headwinds.
Fed Keeps Rates Unchanged as Iran Conflict Fuels Inflation Fears
The Federal Reserve maintained interest rates at 3.50%-3.75%, citing ongoing inflation and geopolitical risks from the US-Israel strikes on Iran, which have driven up oil prices.
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India's Direct Tax Collection Up 7.1% to Rs 22.8 Lakh Crore
India's net direct tax collection grew 7.1% to approximately Rs 22.8 lakh crore till March 17, 2026, driven by higher corporate tax receipts and reduced refund outflows, according to official data.
US Wholesale Inflation Jumps in February, Adding to Economic Worries
US wholesale prices rose more than expected in February, with the producer price index increasing 0.7% monthly and 3.4% annually. The data, released before the Iran conflict escalated energy prices, signals persistent inflationary pressures that could com
Centre Approves Rs 17,185.6 Crore for CCI Cotton Procurement
The Indian government has sanctioned Rs 17,185.6 crore to the Cotton Corporation of India for procurement operations, ensuring price stability and farmer support.
Gold Prices Fall in India Ahead of US Fed Decision
Gold prices dropped in major Indian cities on Wednesday, tracking domestic futures weakness as investors awaited the US Federal Reserve's policy outcome. Key cities like Delhi, Mumbai, and Chennai saw declines in 24K and 22K gold rates.
Karnataka Leads Southern States in Economic Growth
A recent report highlights Karnataka's leading 7.8% growth rate among southern Indian states, with Telangana, Andhra Pradesh, and Tamil Nadu also showing strong economic performance.
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Crude Oil Futures Fall Rs 137 to Rs 8,734 per Barrel
Crude oil futures in India declined by Rs 137 to Rs 8,734 per barrel as markets reacted to signs of easing supply concerns. Analysts note ongoing volatility due to geopolitical risks.
LPG, Fuel Prices Steady Despite Middle East War Supply Pressures
LPG cylinder and fuel prices remain unchanged today despite supply disruptions from the US-Iran war, with panic buying and black marketing reported across cities. Check city-wise rates for March 18, 2026.
Gold Prices Consolidate Amid Geopolitical Tensions and Fed Decision
Gold prices lack bullish bias as geopolitical conflicts and central bank policies weigh on sentiment. Experts predict range-bound trading with key support levels amid inflation concerns.
Bhopal Street Food Prices Stay High Post LPG Crisis
As LPG cylinder deliveries resume in Bhopal, street food vendors maintain elevated prices, causing financial strain on residents. The unregulated sector shows no signs of price correction.
India's Economy Strong Despite Global Crises, Says FM
Finance Minister Nirmala Sitharaman highlights India's robust economy post-Covid and during West Asia tensions, ensuring LPG and fertilizer supplies for consumers and farmers.
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UP's Growth Strategy: Healthcare, Labor Reforms, Skills for $1T Economy
Uttar Pradesh outlines a comprehensive growth strategy focusing on healthcare expansion, labor reforms, and industry-led skill development to achieve its trillion-dollar economy goal at the CII UP annual session in Lucknow.
Indore Vegetable Prices Jump 20% Due to Heatwave, Weak Hotel Demand
Vegetable prices in Indore have risen sharply by Rs 10-15 per kg over five days as heatwave reduces harvests and market arrivals. Weak demand from hotels and caterers has prevented steeper increases.
Oil Prices Ease Amid Middle East Tensions, Supply Disruptions
Crude oil prices showed a slight relaxation on Wednesday after initial gains, as Middle East conflicts and supply disruptions from attacks on energy facilities drove volatility. Brent crude and WTI fluctuated, with impacts felt globally, including in Indi
Dry Fruit Prices Jump 15-20% Ahead of Eid in Pune
Pune residents face higher costs for Sheer Khurma this Eid as dry fruit prices rise 15-20% due to West Asia war disruptions, despite advance stocking by traders.
Gen Z to Lead $1.3 Trillion Consumer Spending in India by 2030
A new report reveals that India's Gen Z, making up 27% of the population, will account for nearly $1.3 trillion in consumer spending by 2030, with significant growth in beauty and personal care sectors.
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Chandigarh LPG Distributors Panic Over Price Hikes, Delays
LPG distributors in Chandigarh report panic due to sudden price hikes and 25-day booking delays, questioning government claims of adequate supply and highlighting server crashes and supply-chain inefficiencies.
CEA Nageswaran Stresses Swadeshi, AI in India's Growth Strategy
Chief Economic Adviser V Anantha Nageswaran highlights the renewed importance of swadeshi in India's economic policy, discusses AI's role in education, and addresses global oil price impacts on the rupee at a Kochi event.
Rs 57,381 Crore for Economic Stabilisation Fund: Sitharaman
Finance Minister Nirmala Sitharaman detailed a Rs 57,381 crore allocation to the Economic Stabilisation Fund, with major funds for defence, fertiliser subsidies, and LPG production under Atmanirbhar Bharat.
India Boosts Domestic LPG Production for Household Security
Finance Minister Nirmala Sitharaman announces increased domestic LPG production to protect households from supply disruptions, as India currently imports 65% of its needs, with 90% coming through the volatile Strait of Hormuz.
Middle East Conflict Puts India's Non-Oil Economy at Risk
India's economy faces risks beyond oil imports from the Middle East conflict, with high dependency on diamonds, fertilisers, and polymers, but Barclays notes robust starting conditions offer some resilience.
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No Petrol, Diesel Price Hike Now Amid West Asia Oil Crisis
India's Ministry of Petroleum confirms petrol and diesel prices will remain stable despite West Asia conflict volatility. The government cites diversified imports and strategic management to shield consumers.
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