TDP leader and Andhra Pradesh minister Nara Lokesh criticised the YSRCP after a party MP filed a PIL against the proposed Google AI Hub in Visakhapatnam, calling it “anti‑development” and harmful to job creation. He defended investments and progress, while YSRCP accuses the government of misrepresenting facts and challenged its budget and policies.
Netflix today launched Eyeline Studios, its premier VFX and virtual production hub, in Hyderabad, its fifth global location. Spanning 32,000 sq ft, it features advanced technology, AI-driven tools, and LED volume stages. Attended by Rana Daggubati and officials, the hub aims to boost India’s AVGC sector, foster talent, and support high-end film production.
Indian stock markets closed sharply lower on Thursday as oil price volatility and fuel supply concerns hurt investor sentiment. The Sensex fell 829 points to 76,034, while the Nifty50 slipped 227 points below 23,700. Auto stocks led losses, with M&M, Eicher Motors and Maruti down. Oil and gas stocks outperformed despite broader market weakness.
India is facing concerns over crude oil and LPG supplies due to the Iran conflict and disruption of the Strait of Hormuz, a key energy route. However, the country has strengthened energy security through underground storage caverns and diversified imports. Strategic reserves and alternative suppliers are helping India manage shortages despite global volatility.
Egg prices in Telangana have dropped sharply, falling from around ₹8 to nearly ₹4–₹5 per egg. The decline comes after exports from India to West Asian markets slowed due to sea transport disruptions linked to tensions involving Iran, the United States, and Israel, forcing producers to sell more stock domestically.
Today, March 12, the Sensex and Nifty 50 opened lower as investor concerns mounted over rising crude oil prices. The Sensex fell 855 points to 76,008.07, while Nifty slipped 271 points to 23,596.60. Meanwhile, the rupee traded at 91.05 against the US dollar, reflecting cautious market sentiment amid global energy price volatility and uncertainty.
In a tense incident at Royal Park, an assassination attempt on former Farooq Abdullah, ex-Chief Minister of Jammu and Kashmir, was successfully thwarted. A man, identified as Kamal Singh, tried to open fire during a wedding ceremony, but the vigilant security team subdued him. Police recovered a firearm, ensuring no injuries occurred.
The DMK alliance has agreed to allot 4 seats to MDMK in the upcoming Tamil Nadu Assembly elections 2026. DMK will contest in three seats with the symbol of Udaya Surya, while MDMK will contest in one seat with its symbol. This was announced to both leaders after CM Stalin and MDMK General Secretary Vaigo […]
The International Energy Agency (IEA) is considering recommending a coordinated release of strategic crude oil reserves—potentially over 100 million barrels initially—to counter rising global oil prices and supply concerns triggered by the Iran war’s impact on energy markets. The plan aims to ease volatility and prevent sharp price spikes.
Market crashes often trigger panic among investors, but experts advise against stopping mutual fund SIPs during volatility. Continuing SIPs helps investors buy more units when prices fall, lowering the average cost over time. Staying invested through market cycles and focusing on long-term goals can help investors benefit when markets eventually recover.
The Centre said panic buying and hoarding of LPG cylinders across India are driven largely by misinformation about a supply crisis. Officials assured that additional LPG has been procured and supplies remain adequate. Authorities urged citizens not to panic-book cylinders, warning that rumours and hoarding could disrupt distribution and worsen temporary shortages.
On March 11, 2026, Indian markets fell sharply amid rising oil prices after the US-Iran war escalated. Sensex dropped 1,342 points to 76,863, and Nifty50 fell 394 points to 23,866. Auto, financial services, and private banks underperformed, while pharma, oil & gas, and healthcare sectors gained. Recent attacks on ships near Iran intensified investor concerns.
Escalating tensions around Iran and disruptions to oil routes are testing India’s diplomacy. As a major oil importer, India must balance relations with the U.S., China, and BRICS partners while protecting energy supplies. The crisis highlights India’s neutral foreign policy and the challenge of securing affordable oil without damaging strategic ties.
Gold and silver prices in Hyderabad rose for the second consecutive day. The cost of 10 grams of 24-carat gold climbed ₹930 to ₹1,63,310, while 22-carat gold for jewelry increased ₹850 to ₹1,49,700. Silver prices also edged up by ₹100 per kg, reaching ₹3,00,100. Similar price trends were observed in Andhra Pradesh and Telangana, reflecting […]