Indian rupee crosses 93 against US dollar for 1st time
The Indian rupee dropped to a record low on Friday to 93.12 against the US dollar, amid global supply chain disruptions due to escalating Middle East conflict.
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Iran, Israel War: The world is on its way to a 'doomsday' gas crisis scenario
Qatar’s Ras Laffan plant closed earlier this month after an Iranian drone attack, the first interruption to supply in three decades of operation. After further hits – in retaliation for an Israeli strike on the vast South Pars fields on…
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HPCL, BPCL, IOCL shares rebound up to 6%. Here are two reasons behind renewed buying
In the latest trade, Brent crude futures fell by $1.24, or 1%, to $107.41 per barrel, while U.S. West Texas Intermediate (WTI) crude declined by $1.24, or 1.3%, to $94.90.
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UPDATE 2-Unilever in talks to combine food business with McCormick, WSJ reports
Unilever is reportedly in discussions to merge its food division with spice maker McCormick. This potential all-stock deal could unite popular brands like Hellmann’s and Cholula. The move comes as Unilever aims to streamline its operations. Food companies are facing…
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ICICI Bank gets Rs 769 cr GST demand notice
ICICI Bank faces a significant tax demand. Authorities have issued a notice for Rs 768.6 crore concerning alleged short payment of GST. The demand relates to services provided to customers with specific minimum account balances. The bank is already involved…
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Global trade growth to slow to 1.4-1.9%, Middle East conflict a risk: WTO
Global trade growth is set to slow in 2026. The World Trade Organization predicts a dip to 1.9% from 4.6% in 2025. High energy prices due to the Middle East conflict could further reduce growth. Disruptions also threaten food security.…
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