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IT stocks rebounded strongly despite recent heavy losses, with Wipro, LTM, HCL Technologies, and Coforge posting gains. The rally was supported by the rupee’s sharp depreciation against the dollar, boosting earnings for companies with dollar revenue. Investors also stepped in at recent lows, providing buying support after last month’s decline in IT shares.
The Iran war and tensions around the Strait of Hormuz sparked panic buying of LPG cylinders in parts of India, with long queues reported in Delhi-NCR and other regions. Some consumers even paid up to ₹1,500 on the black market. Officials say supplies remain adequate, urging people to avoid hoarding despite rising demand and booking […]
The escalating Iran-Israel conflict is raising concerns over India’s energy security, as the country imports over 80% of its crude oil from overseas. Any disruption in Middle East supply routes could sharply increase prices and inflation. Analysts warn that prolonged tensions may widen India’s trade deficit and pressure the rupee and domestic fuel costs.
Indian equity indices recovered slightly from intraday lows, with the Nifty50 falling 1.73% to 24,028 and Sensex down 1.71% at 77,566. Brent crude eased to $104.35 from $120. Broader markets lagged; MidCap and SmallCap dropped 1.97% and 2.22%. PSU Banks led losses, down 3.97%, while IT rose 0.08%.
The ongoing Iran conflict has driven global investors into gold, lifting prices above $5,400 per ounce and nearing records. As a result, the total market value of gold has swelled to $30–$35 trillion, surpassing the combined GDP of India and the United Kingdom. This surge reflects geopolitical fear and risk‑hedging, though analysts differ on its longevity.
➢World Kidney Day, ➢1934: Birth of Yuri Gagarin, the first astronaut to go into space, ➢ 1951: Birth of top Tabla scholar Ustad Zakir Hussain, ➢1979: Death of Ayyanki Venkataramanayam, father of the library movement, ➢1994: Death of Dadasaheb Phalke Awardee Devikarani, ‘First Lady of Indian Film,’ and ➢ 1997: Death of Bezawada Gopal Reddy, […]
The Sensex and Nifty opened at fresh record levels in early trade on Monday, March 9, 2025. The Sensex started trading today at 76716.43, down at 2,202.47 points or 2.79%, and the Nifty was at 23786.65, down at 663.80 points or 2.71%. Meanwhile, the Indian rupee was trading today at 92.31 against the dollar.
Contrary to old stereotypes, women are increasingly proving better at managing money than men due to patience, discipline and long‑term planning. From budgeting household expenses to steady investing and saving habits, women focus on stability and careful financial decisions. Experts say these traits help build stronger financial security and outcomes over time.
India is turning to alternative crude suppliers such as the United States, Russia and West Africa as the Iran conflict disrupts oil shipments through the Strait of Hormuz. Indian refiners are securing additional cargoes and delaying maintenance shutdowns to maintain processing levels. Officials say supplies remain stable, though longer shipping routes may increase costs.
Here are the 22-karat gold prices per 10 grams today in the cities. ★Chennai: ₹1,50,500 ★Mumbai: ₹1,50,000 ★Delhi: ₹1,50,150 ★Kolkata: ₹1,50,000 ★Bangalore: ₹1,50,000 ★HYD: ₹1,50,000 ★Ahmedabad: ₹1,50,050 ★Jaipur: ₹1,50,150 ★Lucknow: ₹1,50,150 ★Vijayawada: ₹1,50,000 ★Nagpur: ₹1,50,000 ★Chandigarh: ₹1,50,150 and ★Bhubaneswar: ₹1,50,000.
The Indian govt has said there are no immediate plans to increase petrol or diesel prices despite disruptions in global oil supplies due to the West Asia conflict. Authorities noted rising domestic fuel stocks and greater import diversification. New Delhi may also consider buying liquefied natural gas (LNG) from Russia to secure additional energy supplies.
Bank lockers in India offer security for valuables, but they are not fully insured. Under RBI rules, banks must ensure proper safety measures like CCTV and controlled access. If loss occurs due to bank negligence, compensation is capped at up to 100 times the locker’s annual rent. However, banks are not liable for natural disasters […]
SBI announced a $500 million syndicated social term loan with a greenshoe option, aimed exclusively at women’s empowerment, ahead of International Women’s Day. The initiative marks a milestone in ESG financing, supporting social impact, reducing the gender gap, and contributing to UN Sustainable Development Goal 5 to empower women.
Rising war tensions in the Middle East are prompting companies in Gulf cities like Dubai to consider backup operational hubs abroad. Hyderabad and Visakhapatnam are emerging as strong options due to skilled tech talent, lower costs and improving infrastructure. Firms are exploring business continuity centres, global capability centres and data centres in these cities.
Amid tensions around the Strait of Hormuz and the Iran-Israel conflict, India said its energy supply remains secure and stable. The government confirmed it will continue buying Russian oil despite global pressure, stressing it never needed permission from any country. India has also diversified crude imports from 27 to 40 nations to ensure steady energy […]