Gold prices advanced Rs 700 to reach a new lifetime high of Rs 91,950 per 10 grams in the national capital on Wednesday on the back of continued buying by jewellers ahead of wedding season, according to the All India Sarafa Association. Besides, increased tensions in the Middle East and concerns about the US economic slowdown have kept the demand for safe-haven assets intact.
State news agency IRNA said that Iran has successfully shot down 'adversial targets' in the airspace around Tehran province. Iranian state television noted hearing six loud sounds resembling explosions in parts of the capital, with the source of the noises currently unverified.
Flights from Delhi or Bengaluru, while they may still fly over Iran, depending on the route, have alternative paths that may take them through Central Asia or northern routes.
India voted in favor of a United Nations General Assembly resolution that called for the withdrawal of Israel from the Palestinian territory occupied since 1967, including East Jerusalem, and reiterated the call for achieving a comprehensive, just and lasting peace in West Asia. The resolution, tabled by Senegal, was adopted with 157 nations voting in favor, while eight nations voted against it and seven abstained.
US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
A lower risk appetite among investors has driven gold, traditionally a safe-haven asset, to record highs so far this year. Fuelled by geopolitical tensions in West Asia, robust demand from central banks - particularly in Asia - and US President Donald Trump's tariff volleys, spot gold touched an all-time high of $2,956 per ounce on February 24 in the international markets.
India has sought a long-term solution that addresses legitimate concerns of all parties in the region.
Amid an uptick in Covid cases in some parts of the country, Director General of the Indian Council of Medical Research (ICMR) Dr Rajiv Behl said the severity of infections as of now is generally mild and there was no cause for worry. Speaking about new Covid variants being traced, he said genome sequencing of samples in the west and south have shown that the new variants are not severe and are Omicron sub-variants. These are LF.7, XFG, JN.1 and NB. 1.8.1. The first three are more prevalent, Dr Behl said. "Samples from other places are being sequenced and we will know in a day or two if there are more variants." The ICMR DG said there has been an uptick in cases --first from the south, then west and now from northern India. All these cases are being monitored through the Integrated Disease Surveillance Programme (IDSP). Besides that, ICMR's nationwide respiratory virus sentinel surveillance network is keeping a watch on emerging infections and pathogens, he said. "Whenever cases increase, we look at three things. It's dependent on three factors with the first being how transmissible it is, conversely how fast the cases are increasing. Previously we saw Covid cases double in two days, but this time it is not that cases are increasing rapidly. "Secondly, are the new variants evading our previous immunity? When new variants come, they evade immunity -- be it natural or from the vaccine. But there's nothing to worry about at the moment," Dr Behl said. He also said that the third factor is the percentage of severe cases in all Covid instances. "Are we getting a very severe disease without comorbidities? As of now, the severity is generally low. There's nothing to worry about. We should be vigilant and we should always be prepared," the ICMR DG asserted. Dr Behl also informed reporters that the Union Health secretary chaired a meeting on Sunday that was also attended by the director general of health services and himself. "We have been closely monitoring the situation. We should be vigilant at this moment, but there is no cause to worry. The general public should be vigilant. There is no need to take any such action as of now," he said. The officer added that the WHO database has been showing that the new variants were not causing severe disease. "People do not need to take any immediate action. They should follow normal precautions. So, there is nothing special to do right now." Asked about the need for a booster dose, he said there is no need for vaccination as of now. "India has the capability to make vaccines and if need be, we can make any vaccine in no time."
Vietnam was wonderful and the people warm and hospitable, Radhika Mittal discovered over a 11-day stay.
'With the US having entered the war, raising the risks of a wider conflict, those impacts could be even more damaging.'
As India's tea exports reach their highest in years, a sharp rise in imports is raising concerns among producers. In 2024, India took the third spot in tea exports, pipping Sri Lanka after exporting 254.67 million kg (mkg) of tea, up from 231.69 mkg in 2023.
Seafood is one of India's largest agricultural exports after basmati rice and buffalo meat.
Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 per cent from its current level of $2,645, according to a recent report in Business Standard. Domestically, gold is trading at Rs 76,018 per 10 grams after delivering a remarkable 21.9 per cent return in the past year.
Take a look at the numbers and narratives that made Edgbaston Test one for the ages.
'The next decade will be even more transformative,' says Prime Minister Modi. 'We are moving from digital governance to global digital leadership.'
'We sacrificed a lot for the last 10-15 years. Finally we won this award, this trophy'
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
Covid is growing milder with time but an occasional surge in cases is expected because the virus that causes it is now endemic and constantly evolving, say scientists while assuring that there is no cause for concern.
Delhi Chief Minister Rekha Gupta said there is no need to panic about COVID-19 cases, even as she asserted that the hospitals were fully prepared to tackle if the number rises.
'The devastating Indian Air Force strikes on the night of May 9-10 exposed Pakistan's vulnerabilities.' 'If these had continued, it would have further degraded Pakistan's ability to continue with air operations.'
'I hear that there are some 10,000 Indians stuck in Iran, including nearly 4,000 students from Kashmir. But, I do not know any of them. Here I am all by myself and the embassy has asked me not to venture out far from my hotel. People here are going about their daily lives despite the bombings'
India should encourage the second coming of SAARC with climate change as an urgent agenda and keeping Indian security concerns in mind as the subtext, suggest Lieutenant General Ashok Joshi (retd) and Colonel Anil Athale (retd).
'War is not an answer. War is not a solution.' 'Deterrence is a solution. We should have the stick with us with which we can beat Pakistan.'
After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.
'And this will persist given the two-and-a-half-front threat we face.'
Kingfisher Airlines Executive Vice-President Hitesh Patel said Kingfisher was interested in flying Gulf and south-eastern destinations, if the government permitted.
Pakistan have sealed their spot in the ICC Women's Cricket World Cup 2025 after a flawless campaign in the Qualifiers - but their participation has already stirred controversy.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Israel and Lebanese Shia group Hezbollah have carried out widespread strikes on each other, raising tensions, and prompting Israel Home Front command to issue precautionary advisory to citizens.
JD-U MP Sanjay Kumar Jha heads a diplomatic mission to Indonesia, Malaysia, South Korea, Japan and Singapore, to seek international cooperation after the Pahalgam attack while highlighting Pakistan's role in cross-border terrorism.
N Chandrasekaran, managing director and chief executive officer of Tata Consultancy Services, has consistently said he wishes to take the company beyond mature economies such as America and Europe, into emerging markets.
'The West has always opposed a strong nationalist leader in India and Narendra Modi is no exception.' 'The West prefers weak leaders who are amenable to Western pressure and Mr Modi's independent stance is not to the liking of the West,' asserts Colonel Anil A Athale (retd).
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
The United States will deploy additional fighter jets and Navy ships to West Asia in order to defend Israel, the US Department of Defence said.
'The US is strongly placed to expand its crude supplies to India.'
'Fears in Washington began to intensify when it was realised that subsequent Pakistani and Indian attacks on major military facilities -- which were significant in terms of geographic scope and intensity -- could rapidly take both sides to where neither actually wanted to go.' 'The US objective was to stop the fighting as soon as possible. Everything else was secondary.'
India has recorded the second-highest increase in domestic airfares in the Asia-Pacific (APAC) and West Asian regions, climbing by 43 per cent in the first half of 2024 compared to pre-pandemic levels in 2019, second only to Vietnam (63 per cent). India ranks third in fare increases during the same period in international skies, behind the United Arab Emirates (UAE) and Malaysia. The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting.
India is preoccupied with analysing the US sanctions, which may cut off India's access to discounted Russian crude and force it to buy at market prices.
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