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Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis
Ukrainian drone strikes on Russian oil refineries are causing widespread fuel shortages and long queues at gas stations across Russia. This unprecedented crisis, impacting ordinary citizens and businesses, has led to rationing in many regions. President Putin acknowledged the issues, calling them temporary, but motorists report a stark contrast between official statements and reality. The attacks are disrupting Russia's energy production and impacting its economy.
Strike forces fresh halt to oil loading at UAE’s Fujairah port, underscoring risks to global supplies
Port of Fujairah, a vital UAE oil hub, faced another strike. Oil loading operations were suspended. This follows a recent drone attack that caused a fire. The port bypasses the Strait of Hormuz. These repeated disruptions highlight energy supply risks. Crude futures have risen amid fears of further attacks.
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks Today - Equitymaster
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks TodayEquitymaster
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks Today - Equitymaster
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks TodayEquitymaster
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
Solar Defence announces Rs 12,800 crore investment in robotics, drone and deep tech projects
Solar Defence and Aerospace Limited will invest over Rs. 12,800 crore in manufacturing robots, drones, and missiles. The company plans to produce 10,000 drones and 1,000 robots annually. This investment will span the next three to four years. The facility will be India's first AI-Powered Industry 5.0 manufacturing ecosystem. Advanced AI-Powered UAVs, including MALE drones, will be a key focus.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
Global energy security at risk? Gas prices jump 50% as Qatar shuts world's largest LNG export plant amid US-Iran war
Qatar halted LNG production after an Iranian drone attack, causing European gas prices to surge over 50%. The disruption threatens global energy security and could impact LNG supplies worldwide. Traffic through the Strait of Hormuz is also slowing significantly.
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today
On March 2, the Indian stock market fell over 1% amid rising Middle East tensions after US and Israeli attacks on Iran. Iran retaliated, raising fears of war and causing crude oil prices to spike, with Saudi Aramco halting operations at a refinery following a drone strike.
Momentum Stocks: RITES, Haleon Labs, Drone Destination gain up to 11% on sheer momentum
Ather Energy, Krishna Institute, Marico, ACME Solar, Aegis Logistics, Cemindia Projects, Phoenix Mills, among others hit 52-week high.