Giri world

State-owned oil companies are facing over Rs 1 lakh crore in losses due to soaring global fuel prices, with daily under-recoveries reaching Rs 1,700 crore. Despite this, petrol and diesel prices remain unchanged, impacting the financial health of these crucial energy providers. A fuel price hike now appears inevitable, with the government facing a political decision on timing and extent. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xC2TyJu >

Asian Development Bank Chief Economist Albert Park forecasts elevated crude oil prices, averaging $96 per barrel in 2026 and $80 in 2027, due to prolonged Middle East tensions. This outlook suggests a 0.6% reduction in India's GDP growth for FY27, pushing inflation to 6.9% amid reliance on imported oil and gas. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YTtWUad >

Foreign portfolio investors have withdrawn over Rs 2 lakh crore from Indian equities in 2026, with May seeing further outflows of Rs 14,231 crore. Persistent global macroeconomic uncertainties, including inflation and interest rate concerns, are driving this trend, making developed market debt more attractive. Despite overall selling, some selective interest remains in specific sectors and growth-oriented mid and small-cap stocks. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q6NS0cB >

Global oil inventories are rapidly depleting due to the Iran war disrupting crude flows from the Persian Gulf, leading to concerns of price spikes and shortages. Asia faces immediate pressure, with some nations potentially experiencing shortages within a month as reserves hit multi-year lows. Strategic reserves are being deployed, but this further weakens the global safety buffer. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QtaODN7 >

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/utEN4U5 >

Soaring crude oil prices, averaging $105.4 a barrel, are straining oil companies' finances as they sell fuel below cost. Despite government excise duty cuts, losses are unsustainable. Experts suggest gradual price hikes and innovative strategies to manage the transition to renewables while supporting companies' investments and the macroeconomy. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/wf0PTRg >