The Indian rupee hit a new lifetime low of 92.62 against the dollar on Monday, extending recent losses. Elevated oil prices, driven by the Middle East conflict, are increasing economic risks for India and deterring capital inflows. Brent crude has surged approximately 40% since the conflict began, impacting global energy markets.
How Adani’s $125 billion capex boom is creating new winners on Dalal Street
Adani Group’s massive investments in infrastructure are proving advantageous for various publicly traded companies. These affiliates are not only seeing significant growth in their order