The government has also directed producers to supply LPG, propane and butane to state-run refiners. (AI image) Middle East crisis impact: The government has activated emergency provisions to ensure there is no shortage of liquefied petroleum gas (LPG) in wake of the ongoing US-Israel-Iran war that has hit India’s imports of the energy source. India,…
US President Donald Trump said Thursday he was not worried about rising gasoline prices linked to the widening conflict with Iran, adding that the military campaign was a bigger priority.“I don’t have any concern about it,” Trump told Reuters in an interview when asked about higher prices at the pump. “They’ll drop very rapidly when…
The Strait of Hormuz, a critical global shipping route, is also emerging as a vulnerable corridor for undersea internet cables as tensions in West Asia escalate.The passage controls about a third of India’s westward internet traffic, and experts say this capacity cannot be easily rerouted because alternate routes have limited supply.The deteriorating security situation has…
Asian stocks mostly fell on Friday as the ongoing conflict in the Middle East continued to unsettle global markets, while oil prices remained elevated despite some efforts to ease supply concerns.After a difficult week on trading floors, investors are heading into the weekend uncertain about when the US-Israel war on Iran and Tehran’s attacks across…
Jefferies has a buy on L&T with a reduced target price of Rs 4,500 from Rs 4,715 earlier. Analysts said global engineering & construction companies with West Asia exposure, including L&T, are down between 10-24% since the Iran-US-Israel conflict began. 37% of L&T’s order book is from the region, with Saudi Arabia at a lion’s…
MUMBAI: Bank of Baroda raised Rs 10,000 crore through Series I long-term green infrastructure bonds, becoming the first bank in India to issue domestic green bonds.The seven-year bond was placed on the Electronic Book Provider platform of the National Stock Exchange of India with a Rs 5,000 crore base issue and a Rs 5,000 crore…
MUMBAI: Sensex reversed its falling trend on Thursday and regained part of the 2,300-point fall recorded in the two previous sessions since the war started in West Asia. At the end of a volatile session the index was up 900 points or 1.1% at 80,016 points.The day’s session started on a strong footing after the…
NEW DELHI: India on Thursday reiterated that it’s in a comfortable position with regards to energy supply, amid the Middle East tensions.Country’s energy situation is being reviewed twice a day and remains in a comfortable position on energy security despite the escalating tensions in West Asia, government sources, cited by ANI, said. India Confident To…
India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…
Maharashtra continues to remain India’s largest state economy in absolute terms, but its economic growth has been the slowest among the country’s four biggest state economies over the past four years, according to official data.The state’s Gross State Domestic Product (GSDP) is projected at Rs 42,67,771 crore in 2024-25, the highest among all states, reported…
