New Delhi: The blockade of the Strait of Hormuz hasn’t just affected energy imports, it could threaten our food supplies as well. With the conflict between the US and Iran showing no signs of a truce, the goverment has been put in a bind as urea demand is expected to skyrocket for the impending Kharif sowing season. Unreasonable price rises Just two months ago, global urea prices hovered around the $500 per tonne mark, even as the government started procurement well ahead of the sowing season. Due to the US-Iran war, quotes have reached upwards of $950, putting the government…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: India’s fourth-largest IT firm, Wipro Ltd, is seeking to aggressively arrest an almost three-year streak of underwhelming revenue growth through acquisitions. The Bengaluru-based company has announced a deal to acquire select contracts from California-based Alpha Net Group for up to $71 million. This move is seen as a tactical acquisition designed to boost the company’s consulting business, especially with the high-growth cloud transformation technologies enhanced with AI. Acquiring reach, expertise These contracts had earlier fetched Apha Net $37.7 million in revenue in 2024, where it offered software development, data engineering, and managed services. “The business acquisition will enable…
New Delhi: Air India reported a worse-than-expected net loss of $2.4 billion (over Rs. 22,000 crore) for the Financial Year 2026 as the company hasn’t been able to get over the challenges faced last year. The massive deficit has been attributed to the fatal air crash in June 2025, where a Boeing 787 Dreamliner crashed just after taking off from Ahmedabad airport while the closure of Pakistani airspace has also forced the company to bear enormous losses due to excessive fuel burn. Unexpected losses on top of internal estimates According to sources, Air India had estimated annual losses of about $1.6…
New Delhi: The US-Iran war has started to directly affect inflation in India with the Wholesale Price Index (WPI) rising 3.88% in March 2026. Rising costs of crude oil and gas, costs for which have increased by 36%, have had a spillover effect across categories, affecting prices across the domestic supply chain. The cost of manufactured products has also risen, as the supply chain issues relating to the US-Iran war have affected the domestic sector, according to data released by the government. The Fuel Factor The oil and gas supply disruptions from the Middle East have forced a rise in…
New Delhi: Despite the gloom of Trump’s trade tariffs last year, India’s automobile industry managed to boost its exports by 25% since last year, growing to 60 lakh units between April 25 to Febuary 26 from 48.1 lakh units during the same period last year. This has been the fastest growth pace in seven years, providing a vital cushion to the seasonality of domestic demand. The Acche Din for Indian OEMs Indian OEMs (Original Equipment Manufacturers) have successfully capitalized on recovering demand in Latin America, Southeast Asia, and parts of Africa. This export growth was particularly strong in the two-wheeler…
New Delhi: Southern states account for more than half of these loans, and now account for 11% of total retail credit loans: TransUnion CIBIL report With gold prices rising through the roof, gold’s reputation as a safe-haven commodity made it a convenient asset to pawn for emergency cash. A comprehensive study by TransUnion CIBIL has revealed that gold loans have surged to a staggering Rs. 16.8 lakh crore, growing 3.8 times since March 2022. This record-breaking rise has also raised concerns about the risk of defaults, as rising delinquency could become an issue amongst high-ticket borrowers. The Southern Stronghold The…
New Delhi: Natural Gas PSU GAIL India will remain in focus today as it looks to transition to a ‘net zero’ future through its investments in renewable energy. The Maharatna PSU has announced an investment of ₹3,800 crore to develop 700 MW of solar power capacity in Uttar Pradesh and Maharashtra as a hedge against fluctuating fossil fuel prices. Cost Efficiencies through Captive Consumption These investments are part of GAIL’s objective of boosting captive consumption as it looks to lower its carbon footprint to achieve Net Zero operational emissions by 2040. GAIL aims to develop a 600MW solar power project…
Seattle: Amazon has taken the fight for the skies to another level by announcing a definitive agreement to acquire satellite communications giant Globalstar for about $11.57 billion. The acquisition will help Jeff Bezos to directly compete with Elon Musk’s Starlink in the race for global connectivity. This boosts Amazon’s space ambitions, which were earlier centered around Project Kuiper, its planned constellation of over 3,000 low-earth satellites (LEOs). With this acquisition, Amazon can potentially offer satellite-based connectivity features, bypassing conventional telecom communications technologies. Until now, Globalstar has offered Apple’s customers satellite-based safety features like Emergency SOS and Find My for Apple’s…
Noida: The industrial corridors of Noida and Greater Noida saw protests by hundreds of factory workers on April 12, demanding wage hikes to address challenges with inflation and work life balance. The protests, which some reports say saw about 40,000 workers protesting, was triggered by stagnant wages and the double digit inflation that has been witnessed due to rising LPG prices. Adding fuel to the fire, many workers were added to WhatsApp Groups instigating the protesters, with some participants setting properties and vehicles on fire while others pelted stones in an altercation with the police. The protests caught the attention…
New Delhi: PayTM, the brand behind One97 Communications, has received a highly appreciated boost to its recovery plan as a Hong Kong-based brokerage has published a report predicting better days for India’s oldest Fintech firm. Despite the company losing about 14-15% of its value on a year to date basis, Haitong Securities has given it an ‘outperform’ rating with a target price of ₹1,410. This implies a significant 26% upside from current levels, as the company is estimated to see a fourfold increase in profitability over the next two yea₹ The lynchpin to change: From B2C to B2B The optimism…
