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Reliance Jio Denies Pavel Durov's BGP Hijacking Charge, Rejects Telegram Disruption Claim
Jio denied Telegram founder Pavel Durov's allegation that it was involved in a BGP hijacking incident affecting access to the platform outside India.
Oil below $80 may cap fuel price hikes, boost India outlook
Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting improved inflation and growth. Lower oil costs will also help narrow the current account deficit. While wholesale inflation may react quickly, retail inflation depends on oil marketing companies' decisions.
Trump Tells NDTV: US Reviewing Russian Oil Import Sanctions As Crude Prices Slide
PM Modi met Donald Trump at the sidelines of G7 meeting in France.
Realtors eye margin relief as US-Iran peace deal raises hopes of lower fuel costs
A potential peace deal between the US and Iran offers hope for India's real estate and construction sectors. Developers are watching oil prices closely. A ceasefire could lower crude oil costs, easing supply chain worries. This may gradually reduce construction expenses and improve project margins. Stability in the Gulf region could also boost housing demand from non-resident Indians.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil prices, softer bond yields and a stronger rupee boosted sentiment. Gains in IT, metals and PSU banks lifted benchmarks, while India VIX remained subdued amid improving market confidence.
Rupee gives up gains due to corporate, importer demand for dollar
The rupee surrendered most of its intraday gains as importer demand for dollars and likely RBI purchases offset support from softer crude oil prices
UAE Moves To Cut Dependency On Strait Of Hormuz To 'Zero'
Reducing the UAE's reliance on the strait will be far from easy.
Egypt's Pound Becomes World's Top Currency As Oil Shock Reverses
The pound had come under pressure after the war with Iran began in late February, as surging energy prices threatened to strain Egypt's budget.
India's Strategic Oil Reserves Cover Only 9-10 Days Of Crude Imports: Report
For gas, India imports nearly half its supply as LNG but has no dedicated strategic gas storage facilities, leaving fertiliser plants and city gas networks exposed, the report said.
US stock market today: S&P 500, Nasdaq futures edge higher ahead of Fed decision; oil drops for fifth day
US stock futures rose modestly on June 17 as investors awaited the Federal Reserve's policy decision. While the S&P 500 futures remained stable, Nasdaq 100 futures gained 0.6%. The Fed is expected to maintain interest rates amid ongoing inflation concerns related to Middle Eastern tensions.
Market 'Very Happy' With Iran Deal, Says Trump; Sees Oil Sliding Below Pre-War Levels
"There is nothing so smart as the market," Trump said, while noting that he would discuss further details of the Iran deal at a press conference later on Wednesday.
Sensex, Nifty extend gains as US-Iran peace deal cools crude oil prices - Rediff
Sensex, Nifty extend gains as US-Iran peace deal cools crude oil pricesRediff