Mumbai, July 27 (IANS) Indian benchmark equity indices snapped their five-session losing streak on Monday, buoyed by a sharp decline in crude oil prices after the United States and Iran paused military strikes, easing concerns over a prolonged geopolitical conflict.The Sensex surged 776.29 points, or 1.02 per cent, to close at 76,835.78, while the Nifty climbed 229.40 points, or 0.96 per cent, to settle at 23,995.95, nearly reclaiming the 24,000 mark.Commenting on Nifty technical outlook, expert…
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Mumbai, July 25 (IANS) The Indian equity benchmarks posted strong weekly loss, over global inflation fears and higher crude prices.Nifty lost 2.33 per cent during the week and dipped 0.43 per cent on the last trading day to reach 23,767. At close, Sensex was down 331 points, or 0.43 per cent, at 76,059. It lost 2.68 per cent during the week.”Inflationary fears intensified as the escalation of the West Asia conflict and the blockade at the Red Sea helped crude to cross the $100 per barrel mark. M…
New Delhi, July 23 (IANS) War-risk insurance premiums for vessels operating on Gulf shipping routes have risen sharply amid escalating geopolitical tensions in West Asia, according to a report released on Thursday.As per analysis of Equirus Raghnall Insurance Broking, war-risk premiums on high-risk shipping routes have increased by 200-300 per cent in recent months and, in some cases, by more than 1,000 per cent.Premiums for the riskiest voyages have reportedly climbed from around 0.2-0.5 per ce…
New Delhi, July 20 (IANS) India’s Index of Core Industries (ICI) recorded a 5 per cent growth in June this year compared with the same month of the previous year, driven by a surge in the production of iron ore, electricity and cement, according to the new series data released on Monday. The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), has released the revised series of the ICI with the Base Year 2022-23 for the first time. The new series wil…
New Delhi, July 20 (IANS) Gold and silver prices traded higher on Monday, supported by value buying after the US dollar eased slightly, although elevated crude oil prices kept investors cautious amid expectations of another US Federal Reserve rate hike.On the Multi Commodity Exchange (MCX), gold futures for August delivery rose as much as 0.52 per cent or Rs 743 to hit an intraday high of Rs 1,41,649 per 10 grams at 11:45 am.At the last count, the yellow metal was trading at Rs 1,41,254, up Rs 3…
New Delhi, July 18 (IANS) BJP IT cell chief Amit Malviya on Saturday described the government’s Ethanol Blending Programme (E20) as one of India’s biggest public policy successes, saying it has boosted farmer incomes, strengthened energy security and reduced dependence on imported crude oil.In a post on X, Malviya said the programme deserved a holistic, evidence-based assessment rather than partisan critique driven by political point-scoring, adding that public policy of such scale should be jud…
Washington, July 15 (IANS) US President Donald Trump said he ordered American forces to spare oil installations on Iran’s Kharg Island because of their importance to the global economy, while refusing to rule out a ground campaign or the eventual seizure of the strategic export hub.Trump told Fox News that the United States had attacked Kharg Island two or three times. But he said the strikes deliberately avoided its oil facilities.“Hit everything but the oil. Just leave that little area fro…
New Delhi, July 10 (IANS) India can turn its vast agricultural waste and low-cost green hydrogen into sustainable aviation fuel (SAF) through a power-and-biomass-to-liquids industry, according to a report co-authored by India Energy and Climate Centre, the UC Berkeley Goldman School of Public Policy, and the Energy Innovation Policy and Technology.India faces several threats from its rapid development, including increasing reliance on imported crude oil, worsening air pollution from agricultural…
New Delhi, July 9 (IANS) Union Petroleum and Natural Gas Minister Hardeep Singh Puri has rejected criticism of ethanol-blended fuel, asserting that E20 petrol is scientifically tested, safe for vehicles and central to India’s push for energy self-reliance, while alleging that a misinformation campaign had intensified after the rollout of E85-compatible vehicles.In a post on X, the minister said India has been using E15 fuel since April 2023, E19 since April 2024 and E20 since April 2025, with no…
New Delhi, July 5 (IANS) The Ethanol Blended Petrol (EBP) Programme has emerged as a key pillar of India’s energy transition and biofuel strategy, which has saved the country’s foreign exchange by reducing crude oil imports, lowered greenhouse gas emissions, and strengthened farmers’ incomes through new market opportunities, according to a government factsheet issued on Sunday.From 2014-15 up to May 2026, the ethanol blending programme has resulted in a saving of over Rs 1.90 lakh crore in forei…