Crude oil futures rise as US moves to blockade Iranian ports

Crude oil futures rise as US moves to blockade Iranian ports


Crude oil futures traded higher on Monday morning after the US decided to implement a blockade on all maritime traffic entering and exiting Iranian ports following the failure of peace talks between Iran and the US.

At 9.22 am on Monday, June Brent oil futures were at $102.16, up by 7.31 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $104.95, down by 8.68 per cent. April crude oil futures were trading at ₹9813 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹9153, up by 7.21 per cent, and May futures were trading at ₹9044 against the previous close of ₹8500, up by 6.40 per cent.

In a post on X, US Central Command said that its forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET, in accordance with the US President’s proclamation.

“The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman. CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports,” it said.

In a post on the social media platform Truth Social, US President Donald Trump said: “Iran promised to open the Strait of Hormuz, and they knowingly failed to do so. This caused anxiety, dislocation, and pain to many people and countries throughout the World. They say they put mines in the water, even though all of their Navy, and most of their “mine droppers,” have been completely blown up. They may have done so, but what ship owner would want to take the chance? There is great dishonor and permanent harm to the reputation of Iran, and what’s left of their “Leaders,” but we are beyond all of that. As they promised, they better begin the process of getting this INTERNATIONAL WATERWAY OPEN AND FAST! Every Law in the book is being violated by them.”

Meanwhile, Saudi’s Ministry of Energy announced the success of operational and technical efforts in restoring the full pumping capacity through the East-West pipeline, amounting to approximately 7 million barrels per day, and recovering the affected volumes from the Manifa field production of around 300,000 barrels per day, all within a short period of time.

It said that work is still ongoing to restore full production capacity of the Khurais field, and this will be announced upon completion.

Saudi Arabia’s state news agency SPA report said this quick recovery reflects the high operational resilience and crisis management efficiency of Saudi Aramco and the Kingdom’s energy ecosystem as a whole, thereby enhancing the reliability and continuity of supplies to local and global markets, and supporting the global economy.

On the National Commodities and Derivatives Exchange (NCDEX), April jeera contracts were trading at ₹21460 in the initial hour of trading on Monday against the previous close of ₹21730, down by 1.24 per cent.

April turmeric (farmer polished) futures were trading at ₹15826 on NCDEX in the initial hour of trading on Monday against the previous close of ₹16438, down by 3.72 per cent.

Published on April 13, 2026



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Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse

Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse


Yields on Japan’s benchmark
government bonds (JGBs) hit a ‌29-year high on Monday after the
U.S.-Iran peace talks ​collapsed and the U.S. Navy prepared a
blockade of ⁠the Strait of Hormuz, sending oil prices sharply
higher and fuelling inflation fears.

The benchmark 10-year JGB yield rose 5.5 basis points (bps) to 2.490%, the highest ‌since early June 1997, while the five-year yield rose 4 bps to a record high of 1.900%. Yields ‌move inversely to bond prices.

“Uncertainty over the outlook for the ‌Middle ⁠East situation
remains high, and lingering inflation concerns stemming ⁠from a
prolonged rise in crude oil prices are likely to put upward
pressure on JGB yields,” Keisuke Tsuruta, a senior bond
strategist at Mitsubishi UFJ Morgan ​Stanley Securities, said in
a note.

Government ‌bond yields have been rising globally as elevated
oil prices in the wake of the Iran war raised inflation risks,
while the ceasefire reached last week remained fragile.

U.S. President Donald ‌Trump said on Sunday that the U.S.
Navy would start ​blockading the Strait of Hormuz, raising the
stakes after marathon talks with Iran failed to reach a ⁠deal,
jeopardising a fragile two-week ceasefire.

Later on Monday, Bank of Japan Deputy Governor Ryozo Himino
will read Governor Kazuo Ueda’s address on ‌his behalf at an
event hosted by the Trust Companies Association of Japan.

Analysts said the event could be the BOJ’s last chance
before its policy meeting later this month to signal whether it
will raise interest rates this month.

“(Ueda) was talking to parliament last week, outlining that
policy was still clearly accommodative,” Kenneth ‌Crompton, head
of rate strategy at National Australia Bank, said in a podcast.

“So ​after a fairly hawkish outturn from their meeting back
in March, that potentially still leaves some chance ⁠of an April
move on the table.”

The two-year yield, the one most ⁠sensitive to
BOJ policy rates, increased 1 bp to 1.41%. Other tenors were yet
to be traded, as of ‌0044 GMT.

Interest rate swaps on Friday indicated a 57% chance of a
BOJ rate hike this month, roughly in line ​with the day before,
according to Tokyo Tanshi data.

Published on April 13, 2026



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कच्चा तेल फिर 100 डॉलर के पार, फटाफट चेक करें पेट्रोल-डीजल के रेट

कच्चा तेल फिर 100 डॉलर के पार, फटाफट चेक करें पेट्रोल-डीजल के रेट


Petrol-Diesel Price on April 13: आज 13 अप्रैल को कच्चे तेल (Crude Oil) की कीमतों में भारी उछाल आया है और अब यह फिर से 100 डॉलर के पार निकल चुका है. एक तरफ ब्रेंट क्रूड की कीमत 7 परसेंट बढ़कर 102.29 डॉलर प्रति बैरल पर पहुंच गई है. वहीं, दूसरी तरफ अमेरिकी क्रूड ने भी 8 परसेंट की तेजी दिखाते हुए 104.24 डॉलर प्रति बैरल के लेवल पर पहुंच गया है. तेल की कीमतों में यह उछाल अमेरिका और ईरान के बीच सीजफायर पर बात नहीं बनने और स्ट्रेट ऑफ होर्मुज को बंद करने की ट्रंप की धमकियों के बीच आया है.  

अमेरिकी राष्ट्रपति ट्रंप ने रविवार को घोषणा की कि अमेरिकी नौसेना तुरंत होर्मुज स्ट्रेट में जहाजों के आने-जाने पर रोक लगा देगी. दरअसल, अमेरिका और ईरान के बीच पाकिस्तान के इस्लामाबाद में 21 घंटे तक चली शांति वार्ता बिना किसी नतीजे के समाप्त हो गई. इसके बाद अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने स्ट्रेट ऑफ होर्मुज के नाकेबंदी का ऐलान कर दिया, जो अंतर्राष्ट्रीय समयानुसार आज 14:00 GMT से प्रभावी हो जाएगा.

पेट्रोल-डीजल की कीमत

शहर पेट्राेल की कीमत (प्रति लीटर) डीजल की कीमत (प्रति लीटर)
दिल्ली 94.77 रुपये 87.67 रुपये
मुंबई 103.54 रुपये 90.03 रुपये
कोलकाता 105.45 रुपये 92.02 रुपये
चेन्नई 100.80 रुपये 92.39 रुपये
बेंगलुरु 102.92 रुपये 90.99 रुपये
हैदराबाद 107.41 रुपये 95.65 रुपये
जयपुर 104.88 रुपये 90.36 रुपये
लखनऊ  94.65 रुपये 87.76 रुपये
पोर्ट ब्लेयर  82.46 रुपये 78.05 रुपये

क्यों क्रूड ऑयल में उछाल के बाद स्थिर हैं कीमतें? 

अंतराष्ट्रीय बाजारों में कच्चे तेल की कीमतों में उछाल के बावजूद सरकार और तेल विपणन कंपनियों (OMCs) ने फिलहाल देश में पेट्रोल-डीजल की कीमत में कोई इजाफा नहीं किया है ताकि महंगाई काबू में रहे.

सरकार ने हाल ही में पेट्रोल और डीजल पर एक्साइज ड्यूटी में 10 रुपये प्रति लीटर की भारी कटौती भी की है ताकि कच्चे तेल की बढ़ती कीमतों के असर को कम किया जा सके. पेट्रोल पर एक्साइज ड्यूटी को 13 रुपये प्रति लीटर से घटाकर 3 रुपये प्रति लीटर और डीजल पर लगने वाली 10 रुपये की ड्यूटी को पूरी तरह से खत्म कर दिया गया है. 

यहां ध्यान रखने वाली बात है कि इस कटौती का लाभ सीधे तौर पर ग्राहकों को नहीं दिया जा रहा है, बल्कि इसका इस्तेमाल IOCL, BPCL जैसी तेल कंपनियों के घाटे को कम करने के लिए किया गया है ताकि वे कीमतों को न बढ़ा सके. 

ये भी पढ़ें:

PNG Connection: सिलेंडर के झंझट से मिलेगी मुक्ति, PNG पाइपलाइन से हर घर पहुंचेगी गैस, सरकार ने बना लिया प्लान 



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TVS Motor bikes into global third spot

TVS Motor bikes into global third spot


The global two-wheeler hierarchy has undergone a rare shift in CY2025, with TVS Motor Company overtaking Yamaha to become the third-largest manufacturer by volume, marking a milestone for India’s auto industry. But the achievement also underscores a deeper structural gap: Collectively, Indian manufacturers continue to trail their Japanese rivals by over 10 million units annually.

Honda alone sells more than 20 million units globally, while Yamaha and Suzuki together outpace the combined volumes of India’s ‘Big Three’ — Hero MotoCorp, TVS Motor, and Bajaj Auto. For TVS, the more immediate challenge lies closer home, where it trails Hero and Honda in the domestic market.

Closing the gap

The gap, however, is narrowing.

TVS Motor’s rise has been driven by a strategy anchored in outpacing industry growth. “We are confident that we will do better than the industry growth, both in domestic and international markets,” Managing Director KN Radhakrishnan said during a recent earnings call.

This outperformance is already visible in retail trends. According to Federation of Automobile Dealers Associations (FADA) data for FY26, TVS grew its retail volumes by 22.49 per cent, way beyond the industry’s 13.4 per cent growth.

KN Radhakrishnan, Managing Director, TVS Motor Company

Its market share rose to 18.89 per cent from 17.49 per cent a year earlier, while Hero MotoCorp’s share edged down to 28.4 per cent. The shift is even more visible against Honda — the gap between Honda Motorcycle and Scooter India and TVS narrowed to 6.14 percentage points in FY26 from 7.88 percentage points a year earlier.

Premiumisation

At the core of this momentum is a calibrated shift toward premiumisation. The company has leaned into feature-rich motorcycles and scooters such as the Raider, Apache range, Jupiter, and Ntorq.

“Premium and super-premium are growing faster,” Radhakrishnan said. This shift is being validated — and increasingly seen as structural, rather than cyclical.

“Growth is being driven by a richer domestic vehicle mix and higher export volumes,” Axis Securities said in a recent sector note, pointing to improving realisations and stronger product positioning.

Kotak Institutional Equities, in its March quarter earnings preview, endorsed this view and expects this shifting mix to continue driving earnings improvement.

Together, these assessments suggest that TVS Motor’s growth is not merely volume-led but increasingly also quality-led — better pricing, stronger mix, and a widening presence in higher-margin segments.

The strategy is also portfolio-led. “We always look at the total portfolio contribution… we don’t look segment-wise,” Radhakrishnan said.

A changing demand cycle

This positioning is reshaping the domestic market. TVS is capturing urban demand through premium products while riding a rural recovery. FADA data shows rural growth at 13.05 per cent and urban growth at 13.62 per cent in FY26, pointing to a convergence that increasingly favours higher-spec models.

The traditional divide between rural and urban consumption is narrowing, expanding the addressable market for premium offerings.

“With the kind of infrastructure getting built in India… mobility needs… and affordability, I’m a firm believer that 8–9 per cent CAGR is sustainable,” Radhakrishnan said.

Exports power growth

International markets are emerging as a key growth engine. TVS has expanded across Africa and Latin America. “The demand in Africa continues to grow… LatAm also has grown,” Radhakrishnan said.

Analysts see exports as both a volume and margin lever. “A higher export mix is supporting margins across auto companies,” Kotak noted, linking international expansion to improved earnings quality.

Yet Southeast Asia remains the toughest market. Indonesia and Vietnam continue to favour Japanese incumbents, making ASEAN the last frontier for Indian OEMs.

The EV wild-card

Electric mobility could reset the competitive order, but also determine whether TVS can translate momentum into leadership.

TVS emerged as the market leader in India’s electric two-wheeler segment in FY26, retailing about 341,513 units and capturing a 24 per cent market share, according to FADA data.

The 43.5 per cent year-on-year growth helped it overtake early mover Ola Electric.

Unlike several competitors, TVS has taken a calibrated approach — scaling up through its iQube platform while leveraging its distribution network and brand strength. This has helped it expand beyond early adopters to more mainstream buyers — a shift that has proved challenging for both start-ups and legacy players.

EV penetration is also rising. FADA data shows electric two-wheelers accounted for 6.54 per cent of total volumes in FY26, with monthly penetration nearing double digits.

This positions EVs not just as a new segment but also a structural shift that could reshape market share over time, potentially accelerating TVS Motor’s climb in the domestic hierarchy.

Legacy strengths

However, the transition comes with trade-offs. “Margins could be impacted by the margin-dilutive mix of EV scooters,” Axis Securities said, highlighting near-term profitability pressures.

At the same time, Kotak noted that “operating leverage and improved product mix” continue to support margins, suggesting that legacy strengths remain relevant even as EV investments rise.

For TVS, the EV strategy mirrors its broader approach. “Continue to grow the top line… improve the product mix,” Radhakrishnan said.

The challenge will be in converting early leadership into durable scale as the market shifts from subsidy-driven adoption to demand-led growth.

The road ahead

At the premium end, TVS is sharpening its global ambitions through Norton Motorcycles. “We will have a differentiated strategy for Norton,” Radhakrishnan said.

The rise to the global top three marks a coming-of-age moment, but not the endgame.

Closing the gap with Hero at home will test its ability to scale up. Cracking ASEAN will test its global ambition. And making EVs profitable will test its execution discipline.

The climb to third was about momentum. The climb to second will be about execution.

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HOMEGROWN HOTELIER. Jyotsna Suri, Chairperson and MD, Lalit Suri Hospitality group
BUSINESS CONTINUITY. Lupin’s executive management team in 2005
(from left) Kamal Sharma, Nilesh, Vinita, Desh Bandhu Gupta

Published on April 13, 2026



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Building Lalit hotels with emotion

Building Lalit hotels with emotion


This April, the Lalit Suri Hospitality group embarked on a major transformation. Lalit 2.0 will be the second such change exercise of the group, says Jyotsna Suri, Chairperson and MD. Founded in 1988 as Bharat Hotels by her late husband, Lalit Suri, the group’s first makeover came about after the charismatic Lalit Suri passed away in 2006 and his wife had to take over the reins. She rebranded the group as The LaLiT in his honour, creating a distinctive identity — the L in the LaLiT logo is designed to resemble the trunk of Lord Ganesha. “We were six hotels when he passed away. Today we are 12 hotels, plus two in the mid-segment.”

Explaining the need for the current exercise, Suri says that during the Covid-19 pandemic the group went through a financial crunch and some projects, including an ambitious new hotel in Ahmedabad, were stalled. “We’re out of that financial crunch now and sitting in a very good position. And, therefore, we are raring to go forward,” she says.

But why is The LaLiT only at 14 hotels when chains like The Taj, Radisson and Marriott are talking of 500 properties in a few years? “Every hotel chain has a right to decipher and discern what they want to do in terms of their business planning. We’ve never been in the business of growing inventory. As a matter of fact, we are very uniquely placed because we own and manage all our hotels,” says Suri.

“We are hoteliers to the core, and we like it like that,” she asserts, although she adds that the group does intend to pick up some management contracts. “But we are not in a race at all. Whatever hotels we do pick up for management, they would be selective,” she says, adding they would be mid-market, under the Lalit Traveller brand.

I am meeting the dynamic head of the hotel chain, who is also a big force at FICCI (she was president of the chambers in 2015 and now mentors the tourism and culture as well as DEI committees), at The LaLiT on Barakhamba Road. But the table across which we are seated is not at any of their famous restaurants — it’s in her private office, which is filled with enchanting art works. Two particularly catch my eye. One is a painting by a Tihar jail inmate (the hotel group had organised an art workshop for the prisoners, which led to this work), and the other is a series of political cartoons by Raj Thackeray.

“I don’t like talking and shovelling food at the same time,” Suri says, explaining why we cannot do the usual format of an interview over a meal for this Table Talk. Instead, we chat over tea served elegantly with gourmet cookies. Suri says she is only interested in food as fuel, except for Delhi’s chaat, which she loves.

Developing destinations

Suri’s philosophy of hoteliering is quite different from that of other chains, which tend to focus on the most trending places. The LaLiT has instead gone to difficult areas, choosing to develop the destination from scratch. Case in point is Bekal, in north Kerala, where The LaLiT was one of the first to set up a hotel; but the destination took over 15 years to develop as accessibility was a big issue. Ditto Khajuraho, where connectivity is still a problem. Or Mangar, an Aravalli wildlands, off the beaten track, between Faridabad and Gurgaon, where The LaLiT has set up an eco-friendly resort. In Chitrakoot, in Bundelkhand, the chain is again a pioneer, with a Lalit Traveller property about to come up.

Suri’s reasons may sometimes defy logic. Since her husband died in London, she was determined to have a property in that city and acquired a former grammar school, St Olave, at a cost of £15 million and turned it into a boutique hotel. She is a quaint mix of pragmatism and emotion. “I don’t develop hotels because I am adding numbers, but because I want to make a hotel in a particular city,” she says. As happened with the hotel in Ahmedabad, which she assures will be ready in time for the Commonwealth Games. “It is a half-done hotel and it’s on the Sabarmati. It’s going to be a beautiful hotel, inspired by Gandhi’s era,” she says.

“We have always created destinations, not hotels,” she says, explaining that the idea is to play up local festivals and traditions, and invest in the cultural rejuvenation of the place. For instance, in Khajuraho, the chain used to organise an annual Shiv Vivah festival to attract tourists. “Name any noted dancer and they have performed there — it’s perhaps the only place where Raja Reddy performed with both his wives,” she says.

At FICCI, too, she is driving the idea of culture dovetailing into tourism. “Though we don’t call it culture — we call it the creative industry,” she says.

An early riser and highly disciplined (she walks 7 km daily and swims regularly), Suri often takes calculated risks — not a surprising trait really, as she comes of entrepreneurial stock. Her dad moved from Rawalpindi to Delhi during Partition and built a profitable Mercedes-Benz truck business in far-flung Kutch, and was nonconformist enough to send Suri to a co-ed boarding school — Lawrence School at Sanawar. Suri does a lot for her alma mater. The group does a lot for education, for that matter — it runs Step by Step, a well regarded school in NCR. She also runs the Lalit Suri Hospitality School, set in a large beautiful campus in Faridabad, which trains future leaders in the sector.

Suri has given a free rein to her children to experiment with new ideas. Two daughters, Divya and Deeksha, and son, Keshav, are part of the management, while another daughter, Shraddha, runs Subros, the family’s auto parts business. Keshav was one of the petitioners against Section 377 and The LaLiT was among the first few hospitality chains to endorse the UN’s LGBTQ standards at work,

Asked to list the hotel’s strengths and weaknesses, Suri does it with clinical precision. “If you want me to do a SWOT analysis, I’m going to begin with location. Every single hotel of ours has a fabulous location, starting with the hotel we are sitting in. Be it Kashmir, or Kolkata, or Udaipur, Jaipur, or Mumbai, where we are literally one minute from the airport, we have the best location. Our Kerala hotel sits on an estuary between the sea and a river, and in Khajuraho we are walking distance from a World Heritage Site.”

The other distinctive feature, she says, is that “we are completely homegrown and deeply rooted in Indian culture. We were the first ones to begin a ‘Namaskar’ tradition of greeting the guest.”

The third thing, she says, is that the group is inclusive. “We’re not just ticking a box, but genuinely inclusive. That’s why we have approximately 200 transgenders working for us. We’ve got differently abled people working for us and people from marginalised communities as well,” says Suri.

What about challenges? “We are very cyclical. And affected by external events very quickly. When fuel prices go up, we get into trouble; when war breaks out, we get into trouble; during Covid we were in deep trouble. So, we are a very fragile industry.

“But I won’t call it a challenge — it’s part and parcel of the industry, and one has to accept it,” she says.

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Published on April 13, 2026



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