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Global tensions may trigger portfolio reshuffle: JM Financial’s Kampani
Speaking to CNBC-TV18 at the 21st India Business Leader Awards, Vishal Kampani, MD of JM Financial, said managing public money has become more challenging amid rising global volatility and geopolitical tensions. He noted that investors are increasingly reviewing portfolios as conflict-related energy risks create uncertainty. Kampani added that sectors linked to crude and gas could face pressure if the situation persists for three to six months, while concerns around AI disruption are also prompting investors to reassess exposure to IT services.
Bring your own food! LPG shortage prompts action by IT giants HCLTech, Infosys, Cognizant
Companies, including Infosys, HCL, and TCS, issued advisories as tensions in the Middle East impacted global energy markets.
Fuel Shortages From War Begin To Threaten Global Food Supply
Two weeks into the US-Israeli war with Iran, flows of crude oil, liquefied natural gas and fertilizer have been choked by attacks on energy infrastructure across the Middle East.
Oil may hit $180, market can fall 10% if Strait of Hormuz stays shut for 10 more days: Demeter
Ashwini Agarwal, Founder & Partner at Demeter Advisors, told CNBC-TV18 that if the Strait of Hormuz remains shut for another 10 days, crude oil prices could surge to around $180 per barrel and global markets, including India, may fall about 10%. He said this is a low-probability scenario but investors should remain mentally prepared for such risks as tensions in West Asia continue to impact global energy supply and financial markets. Once tensions ease, financial stocks could lead the market recovery as they have been among the hardest hit but are less directly affected by the Middle East conflict.
Stock Picks Today: Reliance Industries, ABB India, Coal India, SBI And More On Brokerages' Radar
A host of global brokerages have rolled out fresh views on Reliance Industries, ABB India, Coal India and several sectors, including real estate and autos
US allows countries to buy Russian oil stranded at sea for 30 days
The United States has issued a 30-day license allowing countries to buy Russian oil and petroleum products currently stranded at sea, as part of efforts to stabilize global energy markets disrupted by the war involving Iran. US Treasury Secretary Scott Bessent said the move would not provide significant financial benefit to the Russian government.
Too Much On Their Plate: Caterers scramble as LPG cylinders run out amid West Asia conflict
India faces widespread disruption as tight LPG supplies impact major events. Weddings and iftar parties are being affected. Hotels and caterers struggle to secure gas cylinders, leading to menu changes and cancellations. The shortage stems from the West Asia conflict impacting global energy routes. Home consumption is prioritized, but businesses face significant challenges.
India's kitchens safe amid energy shock, assures Hardeep Puri
As the world grapples with an intense energy upheaval, India remains steadfast in its commitment to its citizens by prioritizing access to cooking fuel. The government is actively protecting LPG supplies while maintaining consumer prices against the backdrop of global market shifts. Crude oil remains in supply, and LPG production has been ramped up to meet demand.
LPG shortage: PM Modi warns black marketers, unveils energy strategy
Prime Minister Narendra Modi criticized those creating panic over the LPG situation, stating their actions hurt the nation. He assured that the government is safeguarding India's energy security amidst global crises and warned against black marketing, emphasizing India's growing global importance and its drive towards becoming a developed nation.
Oil unlikely to hit $200 a barrel despite war risks, says US energy secretary
US Energy Secretary Chris Wright has stated that it's improbable for global oil prices to soar to $200 a barrel. Tensions rise as crude tankers find themselves trapped in the Strait of Hormuz amid escalating conflict between the US and Israel against Iran.
Mahanagar Gas flags supply cuts as global energy turmoil hits industrial, commercial gas availability
Mahanagar Gas Ltd reduces gas supply to industrial and commercial customers due to geopolitical issues and a directive from the Ministry of Petroleum and Natural Gas. Shares of Mahanagar Gas Ltd ended marginally higher on Wednesday, March 11, by 0.68% at ₹1,051.00 on the NSE.
India ready to support oil markets as IEA agrees record release
India has pledged to support global oil markets by taking appropriate measures, aligning with the International Energy Agency's record 400 million barrel oil release. This move aims to stabilize prices that have surged due to the U.S.-Israeli war with Iran, which has disrupted India's own energy supplies.