Category : Economy


Oil Prices Surge Past $100 on US Iran Blockade

Oil markets surged sharply, with WTI up 8% to $104.24 and Brent up 7% to $102.29, after US President Donald Trump announced a blockade of Iranian ports, escalating tensions and disrupting global energy flows.

Consumers Prioritize Essentials Over Discretionary Spending

Amid war-driven uncertainty, layoffs, and inflation, consumers are cutting back on discretionary spends, focusing on essentials and value purchases. Companies adapt with value packs and smaller formats as analysts predict post-election inflation uptick.

West Asia Conflict: Oil Impact on India's Economy

A new report warns that the ongoing West Asia conflict could significantly impact India's inflation and external balances through oil price volatility, with risks intensifying if stability does not return.

India: New Global Growth Engine & Investment Hub

Former WEF Director Frank-Jürgen Richter highlights India's strong growth momentum amid global uncertainty, citing balanced geopolitics and tech-driven sectors as key attractions for investors.

Banana Prices Plummet in Bengaluru Due to Tamil Nadu Weather

Extreme heat and winds in Mettur, Tamil Nadu, caused premature banana harvests, flooding Bengaluru markets with low-quality fruit. Prices dropped by Rs 15-50 per kg, with exports also hit by Middle East conflicts. Recovery expected by June-July.

Onion Prices Drop 50% in Mumbai Due to Export Decline

Wholesale onion prices in Mumbai's APMC Vashi have crashed to Rs 8-12 per kg, a 50% drop from last year, as West Asia conflict disrupts exports. Retail prices remain high at Rs 20-24 per kg despite government intervention.

Gold Futures Fall, Retail Prices Mixed Across Indian Cities

Gold futures in India dropped by 0.89% to Rs 1,52,071 per 10 grams, influenced by subdued global trends and softer spot demand. Retail prices varied across cities, with declines in Delhi and Mumbai but gains in Chennai and Hyderabad.

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