India’s shipping ministry has given special permission for four vessels carrying Iranian oil to dock at Sikka port. Reliance Industries requested this special one-time exemption. This move comes amid an emergency situation due to the closure of the Strait of…
Read More
Indian CFOs are preparing for extreme currency scenarios, including a rupee at ₹100 to the dollar and oil at $150 per barrel, due to geopolitical tensions. However, economists and CFOs deem these levels unlikely in FY27, expecting the rupee to…
Read More
Dubai has imposed a one-flight-per-day limit on foreign airlines until May 31. This move, driven by the Iran crisis, is causing significant revenue loss fears for Indian carriers. Indian airlines had planned many more flights than others. The Federation of…
Read More
The CBIC has issued new guidelines for handling export cargo from SEZs affected by shipping route disruptions. Exporters can now cancel ‘Let Export Order’ or ‘Shipping Bill’ at the SEZ. Customs will allow cargo return or rerouting without bringing it…
Read More
Indian stock markets surged Friday, with Sensex and Nifty climbing significantly on hopes of an Iran-US ceasefire and falling oil prices. Positive global cues and a strengthening rupee also boosted sentiment. Despite some IT and pharma stock dips, broader market…
Read More
The Indian consumer durables sector is expected to remain under near-term pressure amid weak demand trends and rising input costs, even as select categories and structural drivers support a gradual recovery over the medium to long term, according to a…
Read More