Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of Hormuz
The arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical global energy transit route connecting the Persian Gulf with international shipping lanes.
Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
India working on subsea gas pipeline project: Oman route plan to help mitigate risks brought to fore by Hormuz Strait block
India is fast-tracking a deep-sea gas pipeline from Oman. This project aims to ensure steady gas supplies and reduce reliance on volatile LNG markets. The estimated ₹40,000 crore pipeline will connect Oman to Gujarat. It is expected to take five to seven years to build. This move addresses India's energy security concerns and its vulnerability to maritime choke points.
Iran Warns Ships Backing US Sanctions Will Face Disruptions In Strait Of Hormuz
Iran has warned that ships from countries following US sanctions will face disruptions in the Strait of Hormuz. It plans stricter control over the key oil route, raising tensions and concerns over global energy security and maritime stability.
GAIL says its LNG vessel Energy Fidelity flagged off from US; to bolster India's energy supply chain
GAIL's Energy Fidelity vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to India. The ceremony was presided over by India's Consul General in Houston, Texas, D C Manjunath, GAIL said in a statement.
Iran denies claims that US vessels entered Strait of Hormuz
Iran denied a US claim that two Navy destroyers passed through the Strait of Hormuz, saying control over vessel movement lies with its armed forces. The strait, a key global energy route, has emerged as a major issue in ongoing US-Iran talks in Islamabad.
GAIL, Petronet LNG, other gas stocks in focus amid rising expectations of prolonged Iran-Israel war
Gas stocks such as GAIL and Petronet LNG may remain in focus as the Iran-Israel conflict raises fears of prolonged disruption in the Strait of Hormuz, a key route for global energy shipments. Concerns over LNG and LPG supply risks, along with geopolitical tensions, have already weighed on several gas stocks in recent sessions.
L&T shares crash 7% as escalating Israel-Iran war spooks investors
Larsen & Toubro shares plunged over 7% amid escalating Middle East conflict, raising investor concerns about project disruptions. The region accounts for a significant portion of L&T's order book. With tanker traffic halted through the Strait of Hormuz, a crucial oil route, further impact on project execution and investor sentiment is anticipated.
Strait of Hormuz on edge due to Iran-Israel war? Iran’s leverage is a cautious tale for India
Escalating Israel-Iran conflict pushes Middle East towards renewed confrontation, impacting global energy supplies. India faces a critical challenge due to its energy dependence on the region and the vital Strait of Hormuz, a key oil transit route.
India’s Saudi oil buy to hit six-year high as Washington curbs Russia route
India is poised to significantly boost crude oil imports from Saudi Arabia this month, reaching levels not seen in over six years. This shift comes amid mounting US pressure on India to curb its purchases of Russian oil. While Russia may still remain the top supplier, the gap is narrowing considerably, signaling a strategic realignment in India's energy sourcing.
Power Grid in focus after winning transmission project under TBCB route
Power Grid Corporation of India Share Price | The market capitalisation of the company stands at Rs 261,486.48 crore.