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World food prices slip in May, still near three-year high, FAO says
World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar jumped, the United Nations Food and Agriculture Organization said on Friday.
EUR/USD seen well supported above $1.16
Euro jumped on Friday against the dollar as recent Eurozone data signals towards an ECB rate hike in the near term. Euro-area inflation hit 3.2% in May, its highest in over two and a half years amid rising inflationary pressures due to elevated oil prices. However, Eurozone retail sales data for April declined at a faster pace of 0.4% in April, compared to the 0.3% contraction expected. Meanwhile, dollar index is trading slightly lower on Friday, favoring gains in Euro. The US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, trades 0.19% lower to near 99.19 ahead of the United States (US) Nonfarm Payrolls (NFP) data for May. EUR/USD pair is extending gains above $1.16 at $1.1643, up 0.20% on the day although caution will be exercised amid developments surrounding a potential US-Iran peace agreement to end recent hostilities. Tensions remain highly elevated following warnings from Iranian Foreign Minister Abbas Araghchi, who declared that the ...
Rupee stability alone may not bring foreign investors back to India: Ambit's Dhiraj Agarwal
Dhiraj Agarwal, Managing Director of Ambit Investment Managers, expects rupee stabilisation to slow foreign investor outflows but believes sustained FII inflows will require stronger earnings growth and economic momentum. Agarwal also cautioned that higher inflation forecasts, lower GDP projections and elevated crude oil prices could keep investors focused on macroeconomic risks.
Oil India reports second natural gas discovery in Andaman offshore block
Oil India has reported the presence of natural gas in its third exploratory well in the Andaman offshore basin, marking the second hydrocarbon discovery from the block after a gas find reported in September 2025.
Oil India announces natural gas discovery in Andaman Shallow OAshore Block
Oil India (OIL) announced the presence of natural gas in its 3rd exploratory well Vijayapuram-3 (Loc. OAEB), drilled 15 km oA the east coast of the Andaman Islands at a water depth of 355 meters in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). OIL now establishes presence of hydrocarbon in 2 (two) wells out of 3 (three) exploratory wells drilled so far. Occurrence of natural gas was reported in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025.
Coal linkage auctions: Coal India steps up supply to non-regulated sector, offers record volumes
Coal India Limited is introducing new measures to increase coal supply for non-regulated sector consumers. This aims to reduce import dependence on high gross calorific value coal and meet growing industrial needs. Record coal will be offered in linkage auctions targeting the sponge iron sector. Steel producers gain flexibility to sell coal byproducts. New projects can secure coal linkages before commissioning.
Silver prices to remain under pressure unless oil price declines: Analyst
In near-term, the metal is expected to be under pressure unless oil prices come down on sustainable basis
Oil India reports natural gas presence in second Andaman offshore well
Oil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block to confirm hydrocarbon presence. The discovery is a positive indicator for future exploration in the area. OIL is currently processing seismic data for further appraisal well drilling.
Indraprastha Gas Ltd rises for third straight session
Indraprastha Gas Ltd is quoting at Rs 164.91, up 1.76% on the day as on 12:49 IST on the NSE. The stock is down 21.7% in last one year as compared to a 6.52% jump in NIFTY and a 12.34% jump in the Nifty Energy index.
Reliance to SBI: Top 10 companies with highest FY26 revenue - Upstox
Reliance to SBI: Top 10 companies with highest FY26 revenueUpstox
Brent crude oil to remain range-bound in the $90-$115 range, says analyst
The near-term outlook for Brent crude through Q3 2026 is likely to remain range-bound in the $90-115/bbl band, with risks skewed slightly towards a higher floor price for crude oil
Coal India offers record coal volumes to non-regulated sectors, eases linkage norms
Coal India has put an all-time high 35 million tonne of coal on offer for sponge iron producers and relaxed rules for steel companies as it looks to boost domestic coal availability and reduce import dependence.