Gold, Silver Prices Rise on Trump War Comments; Outlook
Gold and silver prices climb as Trump signals potential Middle East conflict de-escalation, easing inflation fears. Analysis includes market trends, oil price drops, and central bank impacts.
Category : Business
Mumbai Hotels Face Closure Crisis Due to LPG Shortage
A severe LPG shortage in Mumbai has forced 20% of hotels to shut down, with warnings that 50% could close within 2-3 days if the crisis persists, impacting the city's hospitality sector.
Oil Plunges 6% on Trump's Middle East De-escalation Comments
Global oil prices experienced a sharp decline of over 6% following former US President Donald Trump's prediction of de-escalation in the Middle East, with Brent crude falling to $92.45 a barrel.
Income Tax Survey Continues at Rajasthan Restaurants Over Tax Evasion
The Income Tax Department continues its survey for a second day at three Jaipur restaurants and one in Ajmer, investigating suspected tax evasion through income manipulation and suppression.
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Surat Court Orders Insurer to Pay Student's Medical Claim
The Surat Consumer Commission ordered New India Assurance to pay Rs 2.02 lakh to a Class 10 student who took board exams while hospitalized for appendicitis, criticizing the firm's rejection as illogical.
Stock Markets Open Higher: Sensex, Nifty Gain on Global Cues
Indian stock markets opened positively on March 10, 2026, with Sensex and Nifty rising, driven by gains in global markets like Nikkei 225 and SGX Nifty, while India VIX showed volatility.
Nifty50, Sensex Recover After Selloff Amid US-Iran War Uncertainty
Indian stock markets opened higher on Tuesday with Nifty50 above 24,150 and Sensex up over 580 points, recovering from Monday's selloff driven by US-Iran war fears and oil price volatility.
Oil Prices Fall from $100 Peak on Diplomatic Hopes
Oil prices dropped over 6% on Tuesday, retreating from a sharp rally above $100 per barrel, as diplomatic efforts and potential US measures eased fears of prolonged supply disruptions in the Middle East conflict.
Tax Dept Finds Rs 408 Cr Sales Suppression in FB Sector
The Income Tax Department has detected undisclosed sales of Rs 408 crore in the fast-moving consumer goods (FMCG) sector during a nationwide verification drive, highlighting tax evasion risks.
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IRFC Second Interim Dividend FY26: Dates and Details
Indian Railway Finance Corporation announces its second interim dividend for 2025-26. Check record date, ex-date, payment date, and dividend amount for shareholders.
MIDC to Finalize Purandar Airport Land Acquisition Lender Soon
Maharashtra Industrial Development Corporation (MIDC) officials announced plans to select a financial institution within 10 days to raise Rs 6,000 crore for acquiring 3,000 acres of land for the proposed Purandar airport, with over 90% farmer consent secu
India Extends LPG Refill Waiting Period to 25 Days
Oil marketing companies have increased the minimum waiting period for booking domestic LPG refills from 21 to 25 days to prevent hoarding. This move follows disruptions in imports from conflict-hit West Asia, with the government directing refiners to boos
Fuel Prices Stable Unless Crude Oil Hits $130 Per Barrel
Government sources indicate petrol and diesel prices in India are unlikely to rise despite Middle East tensions, with adequate reserves and stable supply arrangements in place.
Somil Mehta's Stock Calls: Buy Aurobindo, Bharat Dynamic; Sell Persistent
Somil Mehta of Mirae Asset ShareKhan recommends buying Aurobindo Pharma and Bharat Dynamic, with sell advice for Persistent. Detailed technical analysis and price targets provided for March 2026.
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Gurgaon's Rs 755 Crore Elevated Corridor on SPR to Ease Traffic
Gurgaon is set to build a 4.2km elevated corridor on Southern Peripheral Road at Rs 755 crore, aiming for signal-free traffic and better links to major highways like NH8 and Dwarka Expressway.
India Pledges No Fuel Price Hike Unless Oil Hits $128/Barrel
Senior government officials confirm fuel prices will remain unchanged unless West Asia conflict prolongs or global oil prices surge to $128 per barrel, ensuring economic stability.
I-T Dept Surveys 70 Restaurants Nationwide for Tax Evasion
The Income Tax Department conducted surveys across 45 cities targeting restaurants suspected of manipulating sales records to evade taxes. AI analysis flagged businesses using software manipulation.
Iran-Israel War Disrupts India Banana Exports, Prices Fall
The Iran-Israel conflict has severely disrupted India's banana export trade, with vessels returning from Iran and freight charges surging. Exporters in Madhya Pradesh's banana belt face paralysis during peak Ramzan demand, causing domestic prices to crash
Maharashtra SHGs to Exhibit at Nagpur SARAS Fair from March 11
Over 350 stalls will feature products from women's self-help groups across Maharashtra at the Mahalaxmi SARAS Goods and Sales Exhibition in Nagpur from March 11 to 23, with a focus on rural livelihoods and market access.
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Asian Stocks Surge as Oil Prices Drop from War Peaks
Asian stock markets, including South Korea's Kospi and Japan's Nikkei, posted significant gains as crude oil prices retreated from near $120 per barrel. The rally followed comments from Donald Trump hinting at a potential end to the Iran conflict.
LPG Cylinder Shortage Hits Restaurants in Mumbai, Kolkata, Bengaluru
A severe shortage of LPG cylinders is impacting restaurants and hotels in Mumbai, Kolkata, and Bengaluru, prompting government intervention to address supply chain issues.
7 Workers Killed in Gurugram Wall Collapse at Signature Global Site
A devastating incident occurred at an under-construction Signature Global site in Gurugram, where a wall collapse claimed the lives of seven workers. Authorities are investigating the cause of the tragedy.
Domestic Investors Control 36% of Nifty 50 Free Float Market Cap
SEBI Chairman Madhabi Puri Buch announced that domestic investors now control 36% of the free float market capitalisation in the Nifty 50 index, marking a significant shift in India's equity market dynamics.
MSRTC Pune to Add 8,000 Buses Amid Fleet Growth Concerns
MSRTC officials announce 8,000 new diesel buses arriving from April, aiming for 24,000 total by 2026, despite recent marginal fleet growth and passenger decline.
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Maharashtra Stamp Duty Penalty Hiked to Rs 1 Lakh from Jan 1
Maharashtra increases penalty for insufficient stamp duty on property documents to Rs 1 lakh from Rs 5,000, effective January 1, 2026, to curb evasion and strengthen enforcement.
Morgan Stanley Bullish on RIL, Kotak Upgrades IndiGo
Morgan Stanley maintains overweight rating on Reliance Industries with Rs 1,803 target. Kotak upgrades Interglobe Aviation to Rs 5,500. UBS neutral on AU Small Finance Bank, HSBC buys Ambuja Cements.
Thiruvananthapuram Banks Hit 89% Priority Loan Target in Q1
Banks in Thiruvananthapuram district disbursed Rs 30,418 crore in priority sector loans during Q1 FY 2025-26, reaching 89% of the annual target. Agricultural loans accounted for Rs 17,180 crore and MSME loans for Rs 10,827 crore.
Hindon Terminal Flight Services Still Reduced After Winter Disruptions
Flight operations at Ghaziabad's Hindon civil terminal continue at reduced capacity with several routes suspended since winter disruptions. Airlines have not restored services despite earlier promises.
MP LPG Supply Restricted, Commercial Cylinders Limited Amid War Fears
Major oil companies impose temporary restrictions on 19kg commercial LPG cylinders across Madhya Pradesh, citing potential crisis from US-Iran tensions. Hospitals and schools exempted.
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DG Shipping Acts Against Predatory Charges by Shipping Lines
India's maritime regulator has issued a circular demanding transparency in shipping charges after exporters complained of predatory pricing and retrospective war surcharges affecting billions in trade.
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