Business

Basmati rice exports: The cargo remains stationed at Gujarat’s Kandla and Mundra ports. (AI image) Israel-Iran conflict impact: Approximately 1,00,000 tonnes of basmati rice bound for Iran remain stuck at Indian ports as a consequence of the Israel-Iran hostilities, according to the All India Rice Exporters Association’s statement on Monday.After Saudi Arabia, Iran stands as India’s second-largest market for basmati …

Getty Images About 20% of global oil and gas flows through the Strait of Hormuz There is considerable speculation that Iran might retaliate for the US’s strikes on its nuclear facilities by closing the world’s busiest oil shipping channel, the Strait of Hormuz. About 20% of global oil and gas flows through this narrow shipping lane in the Gulf. Blocking …

Indian Army places order of 450 NAGASTRA-1R loitering munitions from SDAL (Image credits: ANI) The Indian Army placed an order with solar defence and aerospace limited, SDAL, for approximately 450 units of its NAGASTRA-1R loitering munitions, the company said in a statement. The system is designed to be cost-effective and reusable, with launchers that can be deployed multiple times. The …

Trial run of the Namo Bharat trains (Image credits: PTI) Delhi-Meerut RRTS: Soon you may be able to zip between Delhi and Meerut in just an hour at 160 kmph on Namo Bharat trains. The National Capital Region Transport Corporation (NCRTC) has successfully completed the scheduled trial run of Namo Bharat trains on Sunday, covering the entire 82-km corridor from …

The aviation regulator has implemented a reformed audit methodology to ensure greater thoroughness. (AI image) The DGCA will undertake a thorough assessment of Air India‘s primary facility in Gurugram. This planned evaluation, scheduled before the June 12 Ahmedabad plane crash, will verify aircraft documentation, airworthiness status, and crew-related records including training and duty hours, as detailed in documentation reviewed by …

Daniel Thomas Business reporter Getty Images Russia has significantly ramped up its military production to support the war in Ukraine Since its illegal invasion of Ukraine in 2022, Russia has become the most sanctioned nation on Earth, and yet its economy has been remarkably resilient. In 2024, if Russian official figures are to believed, its economy outgrew those of all …

Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and Isfahan had led to expectations …

US Secretary of State Marco Rubio has called on China to prevent Iran from closing the Strait of Hormuz, one of the world’s most important shipping routes. His comments came after Iran’s state-run Press TV reported that parliament had approved a plan to close the Strait but added that the final decision lies with the Supreme National Security Council. Any …

The market outlook suggests consolidation with expected volatility. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Monday following global cues. While Nifty50 went below 25,000, BSE Sensex was down over 600 points. At 9:20 AM, Nifty50 was trading at 24,923.30, down 189 points or 0.75%. BSE Sensex was at …

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting June 23, 2025) are Larsen & Toubro, and Trent. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) LT 3658 4100 12% Trent 5950 6900 16% Larsen & ToubroLarsen & Toubro’s business mix …