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The scale of the Nepal floods is becoming more staggering by the day. The death toll has risen to 939, while 3,925 people remain missing, including 590 foreigners from 39 countries and 83 security personnel. More than 10,000 people have been rescued so far, but search and rescue operations continue.
Oil markets are back under pressure as renewed US-Iran clashes near the Strait of Hormuz raise fears of prolonged disruption to energy shipments. Brent has climbed above $91 a barrel for a second straight session, while the rupee has opened stronger at ₹95 against the dollar.
Back home, markets have plenty to watch. Sun Pharma shares have fallen despite the company securing a two-year tariff reprieve under a White House pricing deal, while ITC has jumped more than 4% after ITC Infotech announced a deal involving Happiest Minds.
There are also several developments hitting household budgets today. ATF prices have risen for a second month, commercial LPG has become costlier, Mumbai wholesale milk prices have gone up by ₹9 a litre, and auto and taxi fares have been raised across the Mumbai Metropolitan Region.
Meanwhile, Prime Minister Narendra Modi has hailed India's 7.8% growth and renewed his call for greater self-reliance, while US-backed Venezuelan oil producer NABEP has secured 100-year concessions for 17 oil fields.
Nepal floods: Death toll rises to 939, nearly 4,000 missing; 590 foreigners among untraced
The death toll from the devastating flash floods in Nepal has risen to 939 while 3,925 people remain missing, including 590 foreigners from 39 countries and 83 security personnel. More than 10,000 people have been rescued so far.
That is the latest update as of Monday (August 31) night.
More Here
Brent rises above $91 as oil prices jump for second day amid renewed US-Iran clashes near Hormuz
Oil prices climbed for a second straight session on Tuesday, September 1, as renewed fighting between the United States and Iran stoked fears of extended disruption to energy shipments through the Strait of Hormuz. Brent crude changed hands above $91 a barrel, while West Texas Intermediate held above $86.
More Here
US-backed Venezuelan oil giant NABEP gets 100-year concessions for 17 fields
North American Blue Energy Partners (NABEP), Venezuela’s second-largest private oil producer, has secured 100-year concessions for 17 oil fields holding about 65 billion barrels of proven reserves, under a landmark deal backed by the Trump administration, the White House said on August 31.
More Here
Sun Pharma shares fall despite White House pricing deal winning two-year tariff reprieve
Shares of India's largest drugmaker, Sun Pharmaceuticals Ltd. fell as much as 2% on Tuesday, September 1, after the company, and its subsidiary Teva, joined a group of nine drugmakers at the White House to announce agreements with the Trump Administration to prioritise access to affordable medicine to US patients.
More Here
Explained - Why ITC shares jumped 4% on Tuesday after unit's deal with happiest Minds
Shares of ITC Ltd., the cigarette-to-hotels conglomerate are trading with gains of over 4% on Tuesday, September 1, and are among the top gainers on the Nifty 50 index. The move comes after its unit ITC Infotech announced that it will be acquiring 22.1% of the promoter shareholding in Happiest Minds Technologies in two tranches.
More Here
Watch | PM Modi hails 7.8% growth, reiterates call to avoid foreign trips, gold buying
Prime Minister Narendra Modi on Tuesday, September 1, hailed India’s 7.8% economic growth, attributing it to the collective strength and hard work of Indians, while reiterating his call for greater self-reliance through the Swadeshi and “Vocal for Local” push.
In a video posted on X, Modi said India had maintained strong growth despite wars, global crises, disrupted supply chains.
More Here
Rupee recovery: Currency gains 16 paise to open at 95 against dollar
The Indian rupee opened higher against the US dollar on Tuesday, September 1, extending its gains after rising 21 paise in the previous session. The rupee opened at 95.00 per dollar, compared with Monday’s (August 31's) close of 95.16, marking a 16 paise rise.
More Here
Gold, silver prices: Key factors investors should watch this week
Gold and silver prices edged higher in early trade on Tuesday (September 1), even as a sharp rise in crude oil prices and higher US bond yields kept pressure on precious metals. On COMEX, gold was trading at $4,493.70 per ounce, up 0.27%, while silver was at $66.64 per ounce.
More Here
Jet fuel price rises for second month, commercial LPG cylinder gets ₹9.50 hike
Aviation turbine fuel (ATF) prices on Tuesday were hiked by 5.46%, while the price of commercial LPG, used by establishments such as hotels and restaurants, was raised by ₹9.50 per 19-kg cylinder, in line with a rise in their international benchmarks.
More Here
Mumbai milk prices: Wholesale rate to rise by ₹9 per litre from Sept 1
Milk prices in Mumbai are set to rise in the wholesale market from September 1, with the Bombay Milk Producers Association (BMPA) increasing its rate by ₹9 per litre. According to news agency ANI, the wholesale milk rate will rise from ₹93 per litre to ₹102 per litre from September 1, 2026.
More Here
Mumbai auto, taxi fares hiked after 18 months as CNG price goes up
Auto-rickshaw and black-and-yellow taxi fares in the Mumbai Metropolitan Region (MMR) were on Tuesday increased by ₹1 and ₹2, respectively, officials said. Passengers will now have to pay a minimum fare of ₹27 for auto-rickshaws and ₹33 for taxis for the first 1.5-km journey.
More Here
The scale of the Nepal floods is becoming more staggering by the day. The death toll has risen to 939, while 3,925 people remain missing, including 590 foreigners from 39 countries and 83 security personnel. More than 10,000 people have been rescued so far, but search and rescue operations continue.
Oil markets are back under pressure as renewed US-Iran clashes near the Strait of Hormuz raise fears of prolonged disruption to energy shipments. Brent has climbed above $91 a barrel for a second straight session, while the rupee has opened stronger at ₹95 against the dollar.
Back home, markets have plenty to watch. Sun Pharma shares have fallen despite the company securing a two-year tariff reprieve under a White House pricing deal, while ITC has jumped more than 4% after ITC Infotech announced a deal involving Happiest Minds.
There are also several developments hitting household budgets today. ATF prices have risen for a second month, commercial LPG has become costlier, Mumbai wholesale milk prices have gone up by ₹9 a litre, and auto and taxi fares have been raised across the Mumbai Metropolitan Region.
Meanwhile, Prime Minister Narendra Modi has hailed India's 7.8% growth and renewed his call for greater self-reliance, while US-backed Venezuelan oil producer NABEP has secured 100-year concessions for 17 oil fields.
Nepal floods: Death toll rises to 939, nearly 4,000 missing; 590 foreigners among untraced
The death toll from the devastating flash floods in Nepal has risen to 939 while 3,925 people remain missing, including 590 foreigners from 39 countries and 83 security personnel. More than 10,000 people have been rescued so far.
That is the latest update as of Monday (August 31) night.
More Here
Brent rises above $91 as oil prices jump for second day amid renewed US-Iran clashes near Hormuz
Oil prices climbed for a second straight session on Tuesday, September 1, as renewed fighting between the United States and Iran stoked fears of extended disruption to energy shipments through the Strait of Hormuz. Brent crude changed hands above $91 a barrel, while West Texas Intermediate held above $86.
More Here
US-backed Venezuelan oil giant NABEP gets 100-year concessions for 17 fields
North American Blue Energy Partners (NABEP), Venezuela’s second-largest private oil producer, has secured 100-year concessions for 17 oil fields holding about 65 billion barrels of proven reserves, under a landmark deal backed by the Trump administration, the White House said on August 31.
More Here
Sun Pharma shares fall despite White House pricing deal winning two-year tariff reprieve
Shares of India's largest drugmaker, Sun Pharmaceuticals Ltd. fell as much as 2% on Tuesday, September 1, after the company, and its subsidiary Teva, joined a group of nine drugmakers at the White House to announce agreements with the Trump Administration to prioritise access to affordable medicine to US patients.
More Here
Explained - Why ITC shares jumped 4% on Tuesday after unit's deal with happiest Minds
Shares of ITC Ltd., the cigarette-to-hotels conglomerate are trading with gains of over 4% on Tuesday, September 1, and are among the top gainers on the Nifty 50 index. The move comes after its unit ITC Infotech announced that it will be acquiring 22.1% of the promoter shareholding in Happiest Minds Technologies in two tranches.
More Here
Watch | PM Modi hails 7.8% growth, reiterates call to avoid foreign trips, gold buying
Prime Minister Narendra Modi on Tuesday, September 1, hailed India’s 7.8% economic growth, attributing it to the collective strength and hard work of Indians, while reiterating his call for greater self-reliance through the Swadeshi and “Vocal for Local” push.
In a video posted on X, Modi said India had maintained strong growth despite wars, global crises, disrupted supply chains.
More Here
Rupee recovery: Currency gains 16 paise to open at 95 against dollar
The Indian rupee opened higher against the US dollar on Tuesday, September 1, extending its gains after rising 21 paise in the previous session. The rupee opened at 95.00 per dollar, compared with Monday’s (August 31's) close of 95.16, marking a 16 paise rise.
More Here
Gold, silver prices: Key factors investors should watch this week
Gold and silver prices edged higher in early trade on Tuesday (September 1), even as a sharp rise in crude oil prices and higher US bond yields kept pressure on precious metals. On COMEX, gold was trading at $4,493.70 per ounce, up 0.27%, while silver was at $66.64 per ounce.
More Here
Jet fuel price rises for second month, commercial LPG cylinder gets ₹9.50 hike
Aviation turbine fuel (ATF) prices on Tuesday were hiked by 5.46%, while the price of commercial LPG, used by establishments such as hotels and restaurants, was raised by ₹9.50 per 19-kg cylinder, in line with a rise in their international benchmarks.
More Here
Mumbai milk prices: Wholesale rate to rise by ₹9 per litre from Sept 1
Milk prices in Mumbai are set to rise in the wholesale market from September 1, with the Bombay Milk Producers Association (BMPA) increasing its rate by ₹9 per litre. According to news agency ANI, the wholesale milk rate will rise from ₹93 per litre to ₹102 per litre from September 1, 2026.
More Here
Mumbai auto, taxi fares hiked after 18 months as CNG price goes up
Auto-rickshaw and black-and-yellow taxi fares in the Mumbai Metropolitan Region (MMR) were on Tuesday increased by ₹1 and ₹2, respectively, officials said. Passengers will now have to pay a minimum fare of ₹27 for auto-rickshaws and ₹33 for taxis for the first 1.5-km journey.
More Here
