New Delhi, May 23 (IANS) Maharatna PSU Oil India Limited has successfully unlocked a new gas-bearing pay zone in Rajasthan’s Dandewala field, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday.In a post on social media platform X, the minister said the development marked a new chapter in India’s efforts to strengthen domestic energy production and move towards greater energy self-sufficiency.According to Puri, natural gas has started flowing for the first time from …

New Delhi, May 23 (IANS) Gold prices rose 0.19 per cent during the week over persistent geopolitical uncertainty and sharp movements in crude prices.On Friday, MCX gold June futures dipped 0.06 per cent while MCX silver May futures lost 0.09 per cent.Currently, gold futures stood at Rs 1,58,588, while silver futures stood at Rs 2,71,600 per kg on the Multi Commodity Exchange (MCX).The price of 10 grams of 24-carat gold was at Rs 1,58,117 on Friday, up from Rs 1,57,821 seen on Monday market openi…

New Delhi, May 23 (IANS) Yatra Online on Saturday reported a 26 per cent decline in its revenue for the fourth quarter of FY26, while net profit also witnessed a marginal drop.The company posted a consolidated net profit of Rs 8.2 crore in the January-March quarter, down 1 per cent from Rs 8.3 crore reported in the previous quarter.While revenue from operations decreased by 26 per cent quarter-on-quarter (QoQ) to Rs 189 crore, compared to Rs 256.8 crore in the preceding quarter.Moreover, the com…

New Delhi, May 23 (IANS) China’s restrained approach to uplift its slowing economy “reflects concerns over local government debt burdens and the decreasing effectiveness of large-scale stimulus measures,” a report has said.Hence, the report from Geopolitical Futures said expectations for China’s medium-term growth outlook have become more cautious, and with a rapid rebound seeming increasingly unlikely.China’s economy will remain difficult to keep in balance due to pressures from weak domest…

New Delhi, May 23 (IANS) Pakistan is grappling with a mounting foreign exchange crisis driven by pressure to repay roughly $4.8 billion of external debt, weak investor confidence and falling foreign direct investment (FDI), a report has said.The report from Times of Oman said that foreign direct investment plunged 33 per cent in FY26 to $1.195 billion, continuing a declining trend of $1.92 billion in 2023–24 and $1.83 billion in 2024–25. As a share of GDP, FDI remained below 0.45 per cent.De…

New Delhi, May 23 (IANS) Indian equities attracted Rs 73,639 crore in April, far higher than March allocations as SIP inflows largely went to large‑caps, a report said on Saturday.The report from Vallum Capital said investors rotated toward value plays in PSU and BFSI names and moved away from technology stocks.Until the broader equity market turns positive on a YTD basis, Indian capital appears focused on discipline rather than aggression, the report said.April’s allocation was Rs 25,931 cror…

New Delhi, May 23 (IANS) The Governing Body Meeting of intergovernmental body Asian Productivity Organization concluded here after three days of deliberations, reviewing Vision 2030 roadmap and institutional performance measures, an official statement said on Saturday.The meeting — hosted by the National Productivity Council under the Department for Promotion of Industry and Internal Trade (DPIIT) — reviewed priorities and informed member economies about GAIA (Genuine AI Action) for AI‑drive…

New Delhi, May 23 (IANS) Union Ministers on Saturday hailed Prime Minister Narendra Modi’s Rozgar Mela initiative after he virtually distributed more than 51,000 appointment letters to newly recruited candidates in various government departments and organisations across the country.Reacting to the development, Union Education Minister Dharmendra Pradhan said the initiative was helping provide opportunities to young people in line with their qualifications and aspirations while enabling them to…

New Delhi, May 23 (IANS) Agreements signed between India and the United Arab Emirates during Prime Minister Narendra Modi’s visits deepen strategic‑economic partnership across energy storage, long‑term fuel supplies, defence cooperation and artificial intelligence, a report has said. The report from India Narrative said the agreement builds India’s energy resilience, maritime security, digital ecosystems, and emerging artificial intelligence capabilities.It includes a $5 billion investment c…

New Delhi, May 23 (IANS) Global oil prices climbed on the last day of trading week after Iran cast doubt on market hopes for a near‑term agreement with the United States.Brent crude rose 0.94 per cent to $103.5 per barrel, while US benchmark WTI gained 0.26 per cent to $96.60 a barrel, reversing part of Thursday’s selloff losses that had pushed both benchmarks to their lowest in nearly two weeks.Iran’s Foreign Ministry spokesperson said Tehran could not say an agreement with Washington was…