New Delhi, June 21 (IANS) Crude oil prices have retreated sharply and are trading near their lowest levels since the onset of the Middle East conflict. According to analysts, if the US-Iran situation progresses positively and full normalcy is restored at the Strait of Hormuz, crude prices may soften further.However, “we expect crude oil prices to rise again as countries are expected to replenish inventories and Strategic Petroleum Reserve (SPRs) to maintain optimum resource levels, creating in…
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Seoul, June 21 (IANS) Hyundai Motor and Kia posted robust sales growth in India during the first five months of the year, driven by strong demand for their sport utility vehicle (SUV) lineups, industry data showed on Sunday.Hyundai’s passenger vehicle sales in India reached 266,317 units in the January-May period, up 10.1 percent from a year earlier, according to the data from the Society of Indian Automobile Manufacturers (SIAM).Kia also recorded robust growth, with sales rising 14.6 percent on…
Moscow, Aug 5 (IANS) Russia on Tuesday backed India and while criticising US President Donald Trump over his threats to increase tariffs on New Delhi for buying oil from Moscow, saying that “sovereign nations must have the right to choose their trading partners.”Speaking at a regular press briefing on Tuesday, Russian President’s Press Secretary Dmitry Peskov stated that Russia has noted the US threats against India and does not consider them to be legitimate. He emphasised that nations should h…
New Delhi, Aug 5 (IANS) US President Donald Trump on Tuesday said that upcoming tariffs on imported pharmaceuticals could eventually rise as high as 250 per cent, as part of his push to bring drug manufacturing back to the United States.In an interview with CNBC, Trump said the tariffs would start at a lower rate — without specifying the exact figure — and then increase over the next year to 18 months.“We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-an…
Bhopal, Aug 5 (IANS) Madhya Pradesh Chief Minister Mohan Yadav said on Tuesday that the Bharatiya Janata Party (BJP)-led state government has adopted the Gujarat “ease of doing business” model concept to set the path for industrial growth across the state. Chief Minister Yadav made this statement while presenting his government’s visions in the Assembly onset of the seventh day of the Monsoon session.He said that Madhya Pradesh has decided to become a developed state through establishing small a…
Mumbai, Aug 5 (IANS) The Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on Tuesday approved the Startup, Entrepreneurship and Innovation Policy, 2025. The new policy, formulated by the Department of Skills, Employment, Entrepreneurship and Innovation (SEEID) and implemented by the Maharashtra State Innovation Society (MSInS), lays the foundation for positioning Maharashtra as India’s most vibrant and future-ready startup destination.“The policy sets an ambitious five-year vi…
New Delhi, Aug 5 (IANS) As many as 293 big infrastructure projects entailing an investment of Rs. 13.59 lakh crore have been evaluated so far for integrated planning, multimodality, whole of government approach and last-mile connectivity under the PM GatiShakti National Master Plan that was launched in 2021, the Parliament was informed on Tuesday.Minister of State for Commerce and Industry Jitin Prasada said in a written reply in the Lok Sabha that as on date, 57 Central ministries/departments, …