Escalating US-Iran tensions in the Gulf raise fears of a major oil supply disruption, potentially pushing prices to $200 a barrel. India, heavily reliant on oil imports, faces significant economic risks including a widening current account deficit, a weaker rupee, and increased inflation. Markets are already reacting negatively, with stock indices and oil marketing companies experiencing sharp declines.
IndiGo Q2 Results: Loss narrows YoY to Rs 1,879 crore; revenue rises 26%
IndiGo Q2 Results: Budget airline IndiGo reported narrowing of its consolidated loss to Rs 1,879 crore in the second quarter of FY27, compared with Rs