archiveMiddle East conflict

On the other hand, the manufacturing and retail sectors remained upbeat despite the pressures stemming from the foreign conflicts.  "This optimism appears to have been supported in particular by stronger export demand in the March quarter, despite manufacturers reporting an easing in both cost and pricing pressures over the quarter, manufacturing sector profitability deteriorated," the report read. Investment cuts among firms Meanwhile, another 12% of the report's respondents also indicated that they plan to cut back on their building investments over the coming year, while another nine per cent plan...

Escalating tensions between Israel and Iran pushed global oil prices up, leading to a decline in the Indian currency and the nation’s equity markets. Major market benchmarks, the BSE Sensex and the NSE Nifty fell by afternoon trade despite a brief recovery run during brunch hours. The Sensex lost more than 346 points to hit a day low of 81.237.01 while Nifty shed 102 points to a low of 24750.45 so far. TCS, Hindustan Unilever, Adani Ports, Bajaj Finserv, NTPC, HCL Tech, and Tata Motors led the laggards in the...