‘Profound implications’: Oil at $40 or $150? BlackRock’s Larry Fink explains two scenarios amid US-Iran war

The ongoing Iran war, now nearing four weeks with no clear resolution, is already pushing oil prices above $100 per barrel, with visible impact on fuel and household costs. Against this backdrop, Larry Fink, chairman and CEO of BlackRock, has outlined two sharply divergent paths for oil markets and the global economy.Speaking to the BBC,…

Read More

Khader dismisses buzz on DCM post, defers to party | Mangaluru News

Mangaluru: Assembly speaker UT Khader Monday dismissed speculation over his possible elevation as deputy chief minister, saying positions are not decided by social media campaigns but by assessing performance and contributions.Responding to questions, Khader said he had no plans to rush to Delhi and would remain in the state.Reflecting on his political career, Khader said…

Read More

Mangaluru residential rental market posts strong post-Covid growth | Mangaluru News

Mangaluru: The city’s residential rental market has seen strong post-Covid growth, with rents rising 20–35% since 2021 amid demand for premium housing, migrant inflow, rising land prices and increased investor activity.Central areas now offer rental yields of 4–6%, outperforming several tier-2 cities in Karnataka. The surge is driven by infrastructure upgrades, lifestyle shifts and growing…

Read More

AIIB launches $10 billion support facility for countries hit by Middle East conflict, India among key shareholders

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility…

Read More

Securing LPG, LNG, crude oil: India plans evacuation for ships near Strait of Hormuz – here’s what’s being considered

India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…

Read More

Man who hacked woman to death at Mangaluru bus stand consumes poison, hospitalised | Mangaluru News

A 22-year-old suspect has been arrested in connection with the machete murder of a nurse, who he was distantly related to MANGALURU: A day after a 21-year-old nurse was hacked to death at a crowded bus stand in Karnataka’s Dakshina Kannada district, the accused was admitted to hospital after allegedly consuming rat poison during interrogation,…

Read More

Shubman Gill’s India ends England’s 12-year home stronghold at Edgbaston with six-wicket win | Cricket News

India end England’s 12-year old streak (Image: BCCI) India brought an end to England’s remarkable 12-year unbeaten run in Men’s ODIs at Edgbaston with a convincing six-wicket victory on 1st ODI. India entered the ODI series on the back of a disappointing 4-0 T20I series defeat and were determined to bounce back. The visitors responded…

Read More

From buying less gold to cashing in old reserves: How bullion industry plans to cut India’s import bill

As rupee continues to breach multiple record lows, pressure on India’s balance of payments is growing. To protect foreign exchange reserves and help stabilise trade balance, Prime Minister Narendra Modi has urged people to cut down on gold purchases.But if not buying new gold, could household gold be turned into working capital instead?PM Modi’s call…

Read More