Experts note that while the domestic buffers for oil are relatively strong, LPG and LNG supplies need a boost. (AI image) India imports around 90% of its crude oil needs, and approximately 60% and 50% of its LPG and LNG requirements respectively. These are not just mere statistics – it’s a telling picture of the…
Donald Trump indicated that Washington might consider lifting ‘certain oil-related sanctions’ in order to help bring down prices. (AI image) Even as the world economy reels under the global oil supply shock, the Donald Trump administration has reportedly made it clear to European countries that any easing on Russian crude oil sanctions would be related…
The Union Cabinet has approved a revised capital cost of Rs 3,630.77 crore for the construction of a 31.42 km greenfield connectivity corridor linking the upcoming Noida International Airport at Jewar with the Delhi–Mumbai Expressway network, a move aimed at strengthening transport access to the airport and boosting logistics across the National Capital Region (NCR).The…
The Union cabinet on Monday approved the extension of the Jal Jeevan Mission (JJM) until December 2028, with a revised total outlay of Rs 8.69 lakh crore, as the government seeks to shift the rural drinking water programme from infrastructure creation to a service delivery–driven model under JJM 2.0.Under the revised framework, the Centre’s financial…
IDFC First Bank on Tuesday said it has settled fraud claims at a Chandigarh branch at Rs 645 crore and has found no further discrepancies. Private sector IDFC First Bank had last month disclosed a Rs 590 crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set…
As tensions in West Asia escalate, some cities are beginning to see disruptions in the supply of commercial LPG cylinders used by restaurants, hotels and food businesses. Industry bodies say the impact is already being felt in cities such as Bengaluru, Mumbai and Chennai, where eateries rely heavily on commercial cooking gas for daily operations….
Russian President Vladimir Putin on Monday (local time) warned that the US-Israeli war on Iran has pushed global energy markets into crisis, saying oil flows linked to the Strait of Hormuz could face a complete halt in the coming weeks. He also said Russia remains open to restoring long-term energy cooperation with European nations if…
he US Dollar stands to gain on surging oil prices as the US is energy dependent. (AI image) Gold price prediction today: Gold prices are competing with the strength in dollar amidst the Middle East crisis, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan:Gold Performance: In the week ending…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex opened in green on Tuesday after a major selloff on Monday amidst US-Iran war and oil price uncertainty. While Nifty50 went above 24,150, BSE Sensex was up over 580 points. At 9:16 AM, Nifty50 was trading at24,186.90, up 159 points or 0.66%. BSE…
Market participants are now awaiting the release of the US consumer price index for February, scheduled for Wednesday, as well as the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, due on Friday. Among other precious metals, spot silver rose 3 per cent to $89.60 per ounce. Platinum gained 1.2 per cent to…