India may soon resume imports of Iranian crude following a temporary sanctions waiver by the United States, but uncertainty over supply availability and geopolitical tensions continues to cloud the outlook.Amid rising global oil prices triggered by the ongoing tensions involving Iran, the US has allowed the sale of Iranian oil currently stranded at sea. The…
India’s leading e-commerce platform Flipkart has announced a key leadership transition, with Group Chief Financial Officer Sriram Venkataraman stepping down from his role.According to a company statement, Venkataraman will remain with the organization for a transitional period to ensure continuity and a smooth handover of responsibilities. During this interim phase, Ravi Iyer will oversee the…
Godrej Properties Limited has acquired a 20-acre land parcel in Whitefield, marking a significant expansion in one of India’s fastest-growing real estate markets. The company plans to develop a premium residential project on the site, with an estimated revenue potential of around ₹1,350 crore.The project is strategically located near NH-648 in East Bengaluru, a region…
The Air India group continued its flight operations between India and West Asia over the weekend, operating a total of 80 scheduled and non-scheduled flights in the region. The operations were carried out by both Air India and Air India Express, ensuring connectivity for passengers traveling to and from key destinations in the Gulf region.According…
National Stock Exchange of India Limited (NSE) on Friday announced that it has completed the process of selecting merchant bankers, legal advisors and other intermediaries for its proposed Initial Public Offering (IPO), marking a significant step toward taking the exchange public.According to an official statement, the selection process was conducted through a structured and transparent…
The cost of the long-pending Bengaluru suburban rail project has increased significantly, rising from ₹15,767 crore to ₹23,342 crore — an escalation of nearly 48 percent — primarily due to delays and changes in the rolling stock procurement model.The 148-km suburban rail network in Bengaluru, which received approval in 2020, was initially scheduled to be…
Maiden voyage later this month expected to strengthen cargo connectivity with Andaman & Nicobar IslandsMaritime connectivity between mainland India and the Andaman & Nicobar Islands is set to improve with the induction of a new cargo vessel, APJ Karan 2. The ship is scheduled to undertake its maiden voyage later this month from Kolkata to…
Global brokerage UBS has downgraded shares of India’s major oil marketing companies (OMCs) after global crude oil prices surged past $100 per barrel amid escalating tensions in West Asia.The brokerage downgraded Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) to a “neutral” rating, while Hindustan Petroleum Corporation Limited (HPCL) was downgraded to “sell.”According…
New Delhi, March 6: India and China remain among the largest exporters of automobiles to West Asia, shipping vehicles worth billions of dollars each year to the region. However, the ongoing US-Israel conflict with Iran has raised concerns about potential disruptions to this crucial trade route.The conflict, which entered its seventh day on Friday, has…
Rising geopolitical tensions involving Iran and parts of the Gulf region are raising fresh concerns among global investors about the stability of Dubai’s booming real estate market. However, industry experts believe the emirate’s property sector is entering this period of uncertainty from a position of considerable strength. A recent research note by the ANAROCK Group…
