economic times

Iran-Israel war: Amidst rising tensions, concerns escalate over potential disruptions to global oil supply via the Strait of Hormuz. While a prolonged blockade remains unlikely, even brief closures could trigger significant price surges and economic instability. Iran's strategic position offers various retaliatory options, yet faces constraints including potential counterstrikes and disapproval from key allies like […]

Following US airstrikes on Iranian nuclear facilities, Brent Crude prices initially surged by 5% before paring gains. Concerns over potential supply disruptions, particularly the Strait of Hormuz closure, could push oil prices above $100 per barrel, according to Goldman Sachs.

Gold price prediction today: Gold prices experienced volatility last week amid escalating geopolitical tensions between Iran and Israel, coupled with a steady dollar. Gold prices are expected to trade sideways to positive, with support at ₹97,000-₹98,000 and resistance at ₹100,000-₹100,100.

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.

Stock market recommendations: Motilal Oswal Financial Services recommends Larsen & Toubro and Trent as top stock picks for the week starting June 23, 2025. L&T's international order growth and focus on new sectors are expected to drive revenue. Trent anticipates substantial growth, capitalizing on India's expanding retail market and its unique market position.

Following recent accidents exposing safety gaps, the DGCA introduces a special-audit framework for India's aviation sector. This initiative replaces siloed inspections with a 360-degree evaluation of safety management, operational practices, and regulatory adherence across all domains. Led by senior officials and experts, these risk-based audits aim to proactively identify vulnerabilities and ensure ICAO standards are […]

Income Tax Return (ITR) e-filing FY 2024-25: Those with freelance income must file ITR-3 or ITR-4 forms. EY India's Amarpal Chadha advises that income from independent work falls under “Profits and Gains from Business or Profession."

The DGCA has updated operational guidelines for airlines, prioritizing safety over schedules during adverse weather. Pilots are encouraged to divert or turn back when necessary, especially considering climate change's impact. The guidelines emphasize conservative approaches, weather avoidance planning, and communication, also addressing ice crystal icing and scenario-based training.

Amidst US-Iran tensions and potential Strait of Hormuz closure, India, importing 2 million bpd through it, feels secure. Diversified sources like Russia, the US, and Brazil offer alternatives. Gas supplies remain unaffected. While near-term oil prices may surge to $80/barrel, India's strategic reserves and alternative sourcing strategies provide a buffer against disruptions, ensuring energy security […]

India's coffee exports have witnessed a remarkable surge, climbing by 125% in the last 11 years and reaching $1.8 billion in 2023-24. This growth is attributed to supportive policies from the Coffee Board of India, including digitalization and export incentives. With Europe as a primary destination, India's shade-grown coffee aligns with sustainability trends, enhancing its […]

Amazon India has introduced at-home diagnostics services in six major cities, expanding its healthcare offerings under Amazon Medical. In collaboration with Orange Health Labs, Amazon Diagnostics enables users to book lab tests, schedule appointments, and access digital reports via the Amazon app. This integration of pharmacy, clinic, and diagnostics aims to provide a comprehensive digital […]

China's restrictions on rare earth metal exports threaten over 21,000 Indian audio electronics jobs. Elcina reports disruptions to supply chains, impacting hearables and wearables. Manufacturers are importing finished goods. They are moving away from local component production. Elcina urges government intervention through talks with China. They also want to boost domestic manufacturing.