Tuesday, October 27
Russian gas supplies sent via Ukraine to Europe for more than 40 years are scheduled to end on January 1 after Ukraine's Naftogaz refused to renew its latest five-year transit deal with Russia's Gazprom. Despite the war between the two countries, Ukrainian President Volodymyr Zelenskiy on Dec 19 said Kyiv might consider allowing the transit of Russian gas if payments to Moscow were withheld until the fighting ends. Russian President Vladimir Putin a week later said there was no time left this year to sign a new deal. Here is what we know about options for when Russian gas transit via Ukraine stops. HOW BIG ARE THE VOLUMES? Russia's supply to Europe has fallen dramatically in the wake of Moscow's invasion of Ukraine in Feb. 2022 which spurred the European Union to cut its dependence on Rus
Mumbai: Concerts are staging a triumphant comeback in India after pandemic-induced challenges brought the industry to a standstill. Artists like Diljit Dosanjh and Karan Aujla are drawing large crowds, while Dua Lipa, Maroon 5, Ed Sheeran and Coldplay are fuelling a growing appetite for international acts. The scramble for tickets to Coldplay's upcoming India tour highlights the growing appetite for such events.This resurgence for live music events is driven by Gen Z and a burgeoning middle class eager for premium experiences. Once overshadowed by cricket, musical events are gaining momentum in the live entertainment landscape.However, challenges persist, particularly due to the lack of state-of-the-art infrastructure at large-scale venues, although social media's influence continues to tr
Indian benchmark indices started 2025 on a positive note on Wednesday aided by buying trends in most sectors, particularly in auto and banks. While the S&P BSE Sensex settled at 78,507.41, up by 368.40 points or 0.47%, the broader Nifty closed at 23,742.90, higher by 98.10 points or 0.41%.Commenting on the day's action, Vinod Nair, Head of Research at Geojit Financial Services called the beginning of 2025 positive with broad-based recovery. However, the sustainability of the trend will depend on the earnings growth in Q3, where the expectation is positive on a QoQ basis, he said.What should traders do? Here’s what analysts said:Rupak De, LKP SecuritiesThe index remained volatile but maintained a positive bias throughout the day. Short-term sentiment appears strong, with the index ris
