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Companies seek lifting of curbs on gas pipeline integration
Indian energy firms want the Petroleum and Natural Gas Regulatory Board to allow pipeline connections. This could free up nearly 10% of domestic gas output. Around 14 million cubic metres of gas from the Northeast is currently unused. A temporary waiver could unlock 8 million cubic metres of gas quickly.
Indian banks better placed than APAC peers: Fitch on West Asia woes
India's banking sector is resilient against the economic impact of the US-Israel conflict with Iran, according to Fitch Ratings. While other APAC nations face pressure from rising fuel costs and slower growth, India maintains a neutral outlook. However, small borrowers might experience strain if oil prices continue to surge, impacting domestic demand and consumer spending.
Pharma in her DNA, Wockhardt scion ready for deep dive in the US
Zahabiya Khorakiwala is leading Wockhardt's US business and the launch of its new antibiotic, Zaynich. This drug targets resistant bacterial infections and is a significant bet for the company. Zaynich's US approval marks a major breakthrough after decades without new antibiotics. Zahabiya is focused on hospital penetration, physician advocacy, and demonstrating economic value to healthcare systems.
Coal exchange rules issued, focus on price discovery and quality
India's coal ministry has unveiled rules for the nation's first coal exchange, aiming for fair pricing and timely fuel supply. This move transitions from a 'one-to-many' sales model to a competitive 'many-to-many' platform, enhancing transparency and market-driven price discovery. Coal quality verification and dispute resolution mechanisms are detailed, with registrations granted for 25 years.
China demand woes, Middle East peace hopes drag crude oil prices to multi-month lows; Brent hits 7-week low
Crude oil prices fell sharply due to reduced demand in China, with Brent crude at $89.57 and WTI at $86 per barrel. China's imports hit an eight-year low, while easing Middle East tensions and US-Iran peace talks added pressure on prices, despite previous predictions failing to materialise.
Gold: Oil Prices Stay Elevated, but Bullion Looks Elsewhere - Investing.com India
Gold: Oil Prices Stay Elevated, but Bullion Looks ElsewhereInvesting.com India
Oil prices slide below $91 as Israel-Iran truce eases supply fears
Brent crude falls below $91 as Israel-Iran tensions ease, weak China demand and rising US crude exports shift focus from supply risks despite modest OPEC+ output increase
Emirates to offer incentives, safety assurances as Iran war hits travel
Emirates plans incentives beyond lower fares to attract passengers concerned about the Iran war. The airline prioritizes reliability and customer support, addressing safety and flight cancellations. Emirates seeks relaxed airspace restrictions and anticipates a return to normal operations as oil prices stabilize. This strategy aims to rebuild traveler confidence amid ongoing regional tensions.
Oil Prices Cool: Brent Eases To $90 On Report Of US Reviewing 'Acceptable' Draft Agreement
Crude oil cools off amid progressing Iran negotiations.
Gold, silver rates today: Comex gold and silver edge higher as dollar retreats, oil eases
Precious metals fluctuated on 9 June, with gold rising $25 to $4,388 and silver up $0.6 to $69.18. Easing Middle East tensions and a weakening US dollar supported prices. Investors await key US economic data amid expectations of a Federal Reserve rate hike in December.
US stocks rise at open as oil prices ease; tech shares lead gains
US stocks rise as AI and tech shares gain, oil falls on Israel Iran pause and Trump peace hopes, Apple slips after AI updates, Asia markets rally led by KOSPI and Samsung
Rupee rebounds, bond yields ease as oil prices retreat, inflow hopes rise
The currency recovered from recent losses and bond yields softened as lower crude prices and expectations of fresh foreign inflows improved market sentiment