Author: Varta24 Business

BENGALURU – Two major tankers carrying 94,000 metric tons of liquefied petroleum gas (LPG) have successfully navigated the Strait of Hormuz and are currently en route to Indian ports, the government announced on Sunday. the vessels, named BW Tyr and BW Elm, are transporting critical supplies of cooking gas. The BW Tyr is scheduled to docked in Mumbai on March 31, while the BW Elm is expected to arrive at New Mangalore on April 1. Navigating a Global Chokepoint The successful transit comes at a time of extreme tension, as the ongoing conflict involving the U.S., Israel, and Iran has…

NEW DELHI – Indian stock markets suffered a sharp decline on Monday, marking the end of a turbulent month that mirrored the financial distress seen at the start of the COVID-19 pandemic. The downturn comes as escalating conflict in the Middle East pushes oil prices higher and new domestic banking regulations rattle investors. The Nifty 50 and the BSE Sensex both dropped significantly in morning trade, tracking a broader sell-off across Asian markets. Small-cap and mid-cap stocks were hit even harder, falling 2% as the financial year 2026 drew to a close. Global Tensions and Rising Oil Prices The intensifying…

MUMBAI – HDFC Bank, India’s largest private lender, is facing intense scrutiny following the sudden resignation of its chairman, Atanu Chakraborty. The exit triggered a massive stock market rout, wiping out $16 billion in market value and raising serious questions about the bank’s internal management. Chakraborty stepped down earlier this month, citing “differences over values and ethics.” While he did not provide specific details, reports suggest the resignation stems from long-standing friction between him and the bank’s CEO, Sashidhar Jagdishan. Boardroom Clashes Sources familiar with the matter indicate that the two leaders frequently disagreed over bank strategy and human resources…