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Dollar’s Lockstep Moves With Oil to Last in 2026: Markets Pulse
The US dollar will likely maintain its strong link to the price of oil for the rest of the year as the Iran war keeps crude prices elevated, according to the latest Markets Pulse survey.
PLI 2.0: India bets big on making more of the smartphone at home
India is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link with component manufacturing schemes. This aims to boost local sourcing of crucial parts. The government wants to reduce reliance on imports for high-value components. This move follows concerns about current import dependence.
Adani Energy commissions 1,000 MW power link in Mumbai
Adani Energy Solutions Limited has commissioned a 1,000 MW HVDC transmission link between Kudus and Aarey in Mumbai. This project, featuring the world's first compact HVDC substation, aims to enhance Mumbai's power supply reliability and integrate renewable energy sources. It was conceived following the 2020 Mumbai blackout to reduce reliance on in-city generation and strengthen grid resilience.
Friday the 13th haunts Nifty bulls again! What’s the link between market crash and paraskevidekatriaphobia?
Friday the 13th, a date often associated with superstition, saw Indian markets open sharply lower, with the Sensex and Nifty experiencing significant drops. This decline is attributed to geopolitical tensions between Iran and the US-Israel and rising crude oil prices, rattling investor sentiment and pushing the market towards its biggest weekly drop in over a year.
Dollar-Oil Link Is All That Matters Right Now in Currency Market
The US dollar has been at the mercy of a single factor as war spirals in the Middle East: the price of oil.