Defence sector stocks declined on May 19 despite India’s record defense export numbers.
Tag: Business
Australia Projects Wheat Exports 10 Million Tons Lower This Year Amid Rising Fertilizer Costs and El Nino
The forecast drop will affect global grain markets already strained by the war in Iran.
Kotak Mahindra Bank Falls 2.5 Percent and UltraTech Cement Drops 1.7 Percent on Sensex
Banking and cement stocks led losses on India’s benchmark index as geopolitical anxiety dampened sentiment.
India’s Indian Shipyards Build Vessels Accounting for 11 Percent of Norwegian Shipowners Association Order Book
The data underscores the depth of maritime trade ties between India and the Nordic region.
India IT Giants TCS and Tech Mahindra Post Strong Gains on May 19 Alongside Infosys and HCL
The IT sector’s rally was driven by currency weakness expectations and positive valuation signals.
US Treasury Secretary Bessent Grants 30-Day Extension for Countries Importing Russian Oil Already at Sea
The extension applies specifically to oil already loaded in tankers as the US sanctions regime continues.
India-EU Free Trade Agreement Dubbed Mother of All Deals by PM Modi at Norway Summit
India’s trade deal with the EU forms a key backdrop to the India-Nordic Summit in Oslo.
China and Taiwan Tensions Rise Over $14 Billion US Arms Shipment to the Island
The arms deal has drawn sharp criticism from Beijing adding a new flashpoint to already strained cross-strait ties.
Radar Failure Suspected in Deadly 2024 Singapore Air Turbulence Incident Causing Passenger Deaths
Bloomberg reports investigators are examining radar equipment failures in the fatal turbulence event.
India’s Two Largest Aviation Hubs Slash ATF Tax in Move That Could Benefit Airlines Significantly
The tax cut on aviation turbine fuel at the major airports is expected to lower operating costs for carriers.