OPEC+ on Sunday agreed to a fourth consecutive increase in oil production targets, even as the ongoing US-Iran conflict continues to restrict exports from several member countries and disrupt global energy supplies, Reuters reported.Seven core members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, decided to raise … Read more
The average rate on a 30-year fixed mortgage in the United States eased last week after climbing to its highest level in nine months, offering some relief to prospective homebuyers navigating a challenging housing market.According to Freddie Mac, the US-government-sponsored mortgage finance corporation whose weekly survey is widely regarded as a key indicator of US … Read more
Billionaire industrialist Gautam Adani has regained the title of Asia’s richest person after a sharp increase in his net worth, driven by gains across listed Adani Group companies, ANI reported citing to Forbes report.Forbes reported that “Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries,” helping … Read more
The global airline industry is set for a sharp downturn in profitability in 2026, with earnings almost halved compared to earlier forecasts, as the ongoing Middle East conflict pushes up fuel prices, disrupts key flight routes and strains airline operations worldwide.The International Air Transport Association said on Sunday that it now expects the industry to … Read more
Private investment announcements surged to Rs 56 lakh crore in FY26 from Rs 37 lakh crore in the previous year, signalling strengthening capital expenditure momentum in the economy, according to an SBI Research report, reported ANI.In its latest Ecowrap report, SBI Research said, “Private investment announcements in FY26 is Rs 56 lakh crore from Rs … Read more
A combination of tighter H-1B visa rules and widespread layoffs in the technology sector is contributing to a housing slowdown in parts of North Texas, according to a Bloomberg report. Areas such as Frisco, Prosper and Celina, which saw rapid growth driven by an influx of Indian technology professionals over the past decade, are now … Read more
The Dharavi Redevelopment Project, one of the world’s largest urban regeneration programmes, presents a “massive execution challenge” for the Adani Group as it seeks to rehabilitate more than one million residents and build over 125,000 housing units over the next seven to eight years, ANI reported citing an HSBC Global Investment Research report.In a report … Read more
India’s economic growth remains resilient and concerns that higher crude oil prices could significantly derail the economy are overstated, according to Neelkanth Mishra, India’s newly appointed Executive Director at the World Bank.In an interview with ANI, Mishra said India is better positioned than many other energy-importing economies to absorb elevated oil prices without suffering major … Read more
Farmers in Maharashtra welcomed Centre’s decision to relax onion procurement rules. At the same time, they said, the move does not solve the main problem and have demanded a minimum procurement price of Rs 3,000 per quintal.They say the rates being offered by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the … Read more
Malda’s famed Himsagar mangoes expected a sweet export season, but received a sour twist. Dark spots due to a weather-induced disease have cast uncertainty over the export of West Bengal’s renowned Himsagar mangoes. Exporters have said that a major portion of the fruit may no longer meet overseas quality standards.The issue has been attributed to … Read more