anuprova Editor

In a major executive transition that has caught the attention of the global financial and tech sectors, Sriram Venkataraman, the Group Chief Financial Officer of Flipkart, has resigned from his position. This high-profile departure comes at a critical juncture for the Walmart-owned e-commerce leader, as it actively scales its operations and streamlines its internal structures in anticipation of a much-awaited Initial Public Offering (IPO). Venkataraman, a seasoned finance veteran who has been a pillar of Flipkart’s leadership for several years, played an instrumental role in navigating the company through complex funding rounds, strategic acquisitions, and the integration of diverse business…

The Indian bullion market witnessed a sharp correction on Wednesday, March 18, 2026, as gold prices on the Multi Commodity Exchange (MCX) slumped by over ₹700 to settle at ₹1.55 lakh per 10 grams. This downward movement was mirrored in the silver market, where prices tanked by 1 percent, reflecting a cautious shift in global investor sentiment ahead of the high-stakes US Federal Reserve policy meeting. The decline in precious metals is primarily attributed to a strengthening US Dollar Index and rising Treasury yields, as market participants recalibrate their expectations regarding the pace of interest rate cuts in light of…

Global energy markets witnessed a sharp spike in prices on Tuesday, March 17, 2026, as Iran escalated the ongoing conflict by successfully targeting vital oil and gas production facilities across the Gulf for the first time. International benchmark Brent crude jumped 3% to $103.28 per barrel, while U.S. West Texas Intermediate (WTI) rose over 3.6% to reach $96.85, reversing a brief decline from the previous session. The surge was triggered by reports of a drone strike on the Shah natural gas field in the United Arab Emirates—one of the world's largest—which forced a complete suspension of operations. Additionally, attacks were…

As the conflict between Iran and Israel intensifies, threatening the world’s most critical energy artery—the Strait of Hormuz—India has activated a sophisticated, multi-layered defense strategy to safeguard its economy from a potential oil shock. Central to this "shock-proofing" effort is a network of secret, massive underground rock caverns known as Strategic Petroleum Reserves (SPR). Located deep beneath the earth in Visakhapatnam, Mangaluru, and Padur, these high-security "caves" hold approximately 5.33 million metric tonnes of crude oil, providing a vital emergency buffer that can sustain national demand for nearly ten days. These facilities are uniquely designed to be impervious to the…