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Oil up almost 3% as US-Iran peace talks stall

LONDON, April 27 (Reuters) – Oil prices jumped almost ‌3% on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. The Brent crude benchmark rose $3, or about 2.9%, ​to $108.36 a barrel by 0828 GMT, its highest in three weeks. U.S. West ​Texas Intermediate was up $2.45, or 2.6%, at $96.85. Brent and WTI gained nearly ⁠17% and 13% respectively last week for their biggest weekly gains since the start ​of the war. Hopes of reviving peace efforts receded over the weekend when U.S.

Rupee settles 1 paisa higher to close at 94.15 against US dollar

Mumbai, Apr 27 (PTI) The rupee settled on a flat note, registering gains of just one paisa to close at 94.15 (provisional) against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments. Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit. At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and

Stock markets bounce back after three-day decline; Sensex jumps 639 pts

Mumbai, Apr 27 (PTI) Benchmark stock indices Sensex and Nifty rebounded nearly 1 per cent on Monday, snapping the three-day falling streak following a rally in Reliance Industries and Sun Pharma and positive global trends. The 30-share BSE Sensex jumped 639.42 points or 0.83 per cent to settle at 77,303.63. During the day, it surged 755.83 points or 0.98 per cent to 77,420.04. The 50-share NSE Nifty climbed 194.75 points or 0.81 per cent to close at 24,092.70. Among the 30-Sensex firms, Sun Pharma jumped 7 per cent after it announced the acquisition of US-based Organon & Co in an

India boosts coal and gas output as power demand hits record peak in heatwave

NEW DELHI, April 27 (Reuters) – India ramped up coal and gas-fired power ​generation last week as peak demand ‌hit a record 256.1 gigawatts (GW) over the weekend amid a heatwave, official data showed. India’s ​peak power demand rose to a ​record 256.1 GW on April 25, up ⁠from the previous day’s record of ​252.08 GW, federal grid data showed. India ​operated about 9.6 GW of gas-fired capacity and ramped up coal-fired generation to around 187 GW, ​Grid-India data showed. NTPC, India’s top thermal ​power producer, is procuring gas through the Indian Gas ‌Exchange ⁠and operating plants as advised by

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