logo
GAIL shares dip nearly 3% amid spike in global crude prices following Israel-Iran conflict

GAIL shares dip nearly 3% amid spike in global crude prices following Israel-Iran conflict

Business Upturn3 days ago

By Aditya Bhagchandani Published on June 13, 2025, 09:45 IST
Shares of GAIL (India) Ltd fell 2.68% to ₹187.02 in early trade on Friday, sliding from a previous close of ₹192.18. The decline comes as global energy markets react to heightened geopolitical tensions following Israel's large-scale airstrike on Iran, which caused crude oil benchmarks to surge over 10%.
GAIL, India's leading natural gas processing and distribution company, is sensitive to volatility in global energy prices. A spike in crude often influences spot LNG rates and increases operational pressures on downstream and midstream gas firms.
Brent crude futures were last seen trading over $77 per barrel, while WTI rose past $75, reflecting the elevated risk premium on oil supply disruptions. Analysts warn that continued conflict or potential Iranian retaliation near key supply routes like the Strait of Hormuz could tighten global energy availability and push input prices higher for Indian gas utilities.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mum killed in India crash was ‘reluctant to go' and feared leaving her son
Mum killed in India crash was ‘reluctant to go' and feared leaving her son

Yahoo

time2 hours ago

  • Yahoo

Mum killed in India crash was ‘reluctant to go' and feared leaving her son

A mother who died in the Air India plane crash had been reluctant to travel and feared leaving her young son behind for the first time, a colleague has said. Abdhiben Patel, known as Abdhi, 40, was killed when flight AI171 crashed shortly after take-off from Ahmedabad on Thursday. She had flown to India just two weeks earlier to care for her elderly mother, but was hesitant to make the trip and leave her eight-year-old son behind. 'She didn't want to go,' said Atif Karim, 45, her colleague and close friend at Zone Beauty Studio in Northampton. 'She told me, 'I just don't like being away from him'. It was her first time leaving him, and she was very nervous.' 'She wasn't excited,' he added. 'It was a sense of duty. Her mum was unwell, but you could tell it was weighing on her.' Mr Karim, a father of two, said recent tensions between India and Pakistan, which led to flight cancellations and uncertainty, had added to Mrs Patel's worries. 'All the flights were getting cancelled,' he said. 'It didn't feel like the right time.' Because her husband Pankaj worked night shifts, Mrs Patel was inseparable from their son Meer, he said. 'She kept saying how shy and reserved he is, how attached they were,' he added. 'She was totally devoted to him – her entire world revolved around him.' Mrs Patel had planned to return to work on Saturday. The day before the crash, she had messaged Mr Karim to check in about a task and offer to help finish it remotely. 'She said, 'Do you want me to finish that?' and later, 'Don't worry, I'll sort it,'' he said. 'That was the last I heard.' Originally from Gujarat, she moved to the UK in 2012 and joined the salon in 2016. She worked her way up over the years and had been managing the business for the last three. 'She was the most diligent, reliable worker I've ever had,' Mr Karim said. 'But more than that, she was our friend.' 'She was bubbly, kind, always smiling – she had a way of putting people at ease and always took a genuine interest in their lives.' 'She got on with everyone and left a real mark on the people she worked with and the customers she served. 'Yesterday, we had people coming in and crying their eyes out.' Inside the salon, he said the mood has changed, Mr Karim said. 'There's no music playing anymore,' he said. 'The staff are devastated. My colleague burst into tears when she walked in. 'Everyone's just heartbroken.' Mrs Patel's husband and son are now in India, where efforts are still ongoing to identify victims and return remains to grieving families. Authorities have since begun handing over remains after identifying some through DNA testing. The Boeing 787 Dreamliner had crashed into a residential area shortly after take-off, killing 241 people on board and at least 29 on the ground. Only one passenger – a 40-year-old British man – survived. A fundraiser has since been launched to support Mrs Patel's grieving husband and son, raising more than £4,000 in its first few days. The campaign is hoping to reach £50,000. To donate, visit the Go Fund Me campaign page.

G7 leaders gather in Canada amid Trump tariffs, Middle East conflicts
G7 leaders gather in Canada amid Trump tariffs, Middle East conflicts

The Hill

time4 hours ago

  • The Hill

G7 leaders gather in Canada amid Trump tariffs, Middle East conflicts

Group of Seven (G7) alliance leaders on Sunday are set to gather in Canada amid an upcoming deadline for President Trump's tariff policy and an outbreak of conflict in the Middle East. Leaders from France, Germany, the European Union (EU), the United Kingdom, Japan, Italy, the U.S., and Canada are gathering in Alberta from Sunday through Tuesday. The summit is also President Trump's first since he came back to office earlier this year. The president's 90-day pause on reciprocal tariffs on all trading partners runs out on July 8, with multiple key trading partners being at the G7 summit, including Japan and the EU. Treasury Secretary Scott Bessent has also stated in recent testimony to lawmakers that the early July deadline may have some flexibility for certain countries. 'It is highly likely that for those countries that are negotiating – or trading blocs, in the case of the EU – who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiation,' Bessent said previously. 'If someone is not negotiating, then we will not.' A recent conflict between Israel and Iran began on Thursday when Israel launched an intense barrage of strikes on Iran in which it targeted the Iranian nuclear program and took out multiple high-ranking Iranian officials. The conflict has now stretched into multiple days. The Trump administration had attempted to come to an agreement with Iran to limit its nuclear capabilities, which Trump has indicated it still might try following the outbreak of conflict. Other world leaders have pushed for de-escalation.

Career Opportunities at MediagraphicsPR: Where Innovation Meets Impact
Career Opportunities at MediagraphicsPR: Where Innovation Meets Impact

Time Business News

time9 hours ago

  • Time Business News

Career Opportunities at MediagraphicsPR: Where Innovation Meets Impact

The dynamic world of public relations, finding the right place to begin or elevate your career can be a game-changer. MediagraphicsPR, recognized as one of the Best Public Relation Services in India, isn't just a name—it's a legacy of creative storytelling, digital excellence, and brand elevation. From Fortune 500 brands to ambitious startups, MediagraphicsPR has become the go-to agency for brands seeking Trusted PR & Media Partnerships that deliver measurable results. But behind every successful campaign is a team of passionate professionals—and that's where you come in. At MediagraphicsPR, we believe in more than just creating noise. We create narratives that influence. As one of the fastest-growing PR firms in the country, we offer not only cutting-edge strategies for clients but also a culture of empowerment, growth, and innovation for our employees. Whether you're a creative thinker, strategic planner, media expert, or digital enthusiast, there's a place for you here. With our open work culture, mentorship-driven growth, and performance-based rewards, MediagraphicsPR stands out as an employer of choice in the PR and media industry. Career opportunities at MediagraphicsPR go far beyond job roles—they're about shaping the future of communications in India and beyond. Who Should Apply? If you're passionate about public relations, storytelling, influencer marketing, or integrated brand campaigns, you'll find MediagraphicsPR to be a perfect match. Ideal candidates are: Strategic thinkers with a media-savvy approach PR professionals who thrive in fast-paced environments Digital natives with a passion for online media and influencer engagement Individuals who value teamwork, creativity, and client success We welcome applicants from various educational and industry backgrounds. Freshers with exceptional writing skills and experienced professionals looking for a leadership challenge—everyone has a role here. Industry Credibility : As one of the Best Public Relation Services in India , we've built award-winning campaigns across sectors including tech, pharma, fashion, FMCG, and SaaS. : As one of the , we've built award-winning campaigns across sectors including tech, pharma, fashion, FMCG, and SaaS. Client Diversity : Work on projects for top-tier Indian and global brands across diverse sectors. : Work on projects for top-tier Indian and global brands across diverse sectors. Learning Culture : From internal workshops to industry conferences, we prioritize learning at every stage. : From internal workshops to industry conferences, we prioritize learning at every stage. Empowered Teams : We trust our teams to lead with creativity, strategy, and ownership. : We trust our teams to lead with creativity, strategy, and ownership. Hybrid Work Environment: Flexibility that respects your time, creativity, and productivity. Whether it's helping a startup get featured in Forbes or driving investor visibility for a tech unicorn, MediagraphicsPR's campaigns have tangible impact. As part of our team, you'll not only work on meaningful campaigns but also get the visibility and leadership opportunities that matter for your personal brand. Your growth is our mission. From content creators and media strategists to account managers and communication consultants, we're hiring across verticals. If you're looking for career opportunities at MediagraphicsPR, now is the time to take the next step. Our reputation isn't built on empty promises but on partnerships. MediagraphicsPR has nurtured some of the most trusted PR & media partnerships in the industry. We work closely with journalists, editors, influencers, and media houses to ensure our clients' stories reach the right audiences. When you join our team, you become part of a network that thrives on integrity, influence, and innovation. MediagraphicsPR is more than a workplace—it's where ambition meets purpose. Whether you're starting out or looking to accelerate your professional journey, the career opportunities at MediagraphicsPR offer a blend of creativity, challenge, and growth. Explore openings on our website or connect with us on LinkedIn. Your dream job in the PR industry might be one click away. TIME BUSINESS NEWS

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store