Tokyo, April 6 (IANS) The Japanese government is arranging summit talks with Iran, Prime Minister Sanae Takaichi said Monday, local media reported. “We are preparing dialogues at the leadership level at an appropriate time,” Takaichi told a parliamentary committee in response to a question from an opposition lawmaker about Japan’s diplomatic efforts amid the ongoing US-Israel-Iran conflict, according to Kyodo News.Earlier on March 30, Prime Minister Takaichi said that she would consider holding …
Latest Crude Oil News & Updates
Mumbai, April 5 (IANS) The Indian stock markets appear to be transitioning into a consolidation phase with high volatility and low visibility, according to analysts.Global developments continued to dictate market direction, particularly the evolving US-Iran conflict, which kept crude oil prices volatile and elevated. This, in turn, raised concerns over inflation and fiscal stability for import-dependent economies like India.“While domestic flows and technical supports are providing stability, …
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
New Delhi, April 3 (IANS) Sentiment towards India’s IT services sector has turned more bearish amid rising global uncertainties, although investors remain hesitant to take strong directional bets, a report said on Friday.BNP Paribas India said in its report that while uncertainty has increased, investors — particularly hedge funds — are avoiding clear market calls and are instead reducing exposure by trimming factor-based positions.The report noted that recent volatility, including rapid rev…
Hyderabad, March 30 (IANS) The Telangana Legislative Assembly on Monday unanimously passed a resolution, urging the Centre to take the initiative to stop the war in the Middle East. The resolution warns that if the war between the US, Israel, and Iran continues, this could lead to a third World War, posing a serious threat to the very survival of humanity.Deputy Chief Minister Mallu Bhatti Vikramarka introduced the resolution, which was passed by a voice vote.The resolution noted that the …
New Delhi, March 30 (IANS) The Indian economy has shown a healthy expansion in the total primary energy supply (TPES) in FY2024-25, registering a growth of 2.95 per cent over the past year and stood at 9,32,816 KToE (kilo tonnes of oil equivalent), the government said on Monday.The country has a huge potential for generation of renewable energy which stands at 47,04,043 megawatt (as on March 31, 2025). In the total potential, solar energy has witnessed a staggering growth from 748,990 megawatt d…
Noida, March 28 (IANS) Prime Minister Narendra Modi on Saturday credited farmers for ushering in what he described as a “new phase of development” in Uttar Pradesh, while also highlighting their role in ethanol production and providing “huge relief” to the country during a period of global uncertainty.Speaking after inaugurating Phase 1 of the Noida International Airport in Uttar Pradesh’s Jewar, the Prime Minister underscored the transformative impact of improved connectivity on the region’s ag…
New Delhi, March 27 (IANS) The Ministry of External Affairs (MEA) said on Friday that four ships laden with LPG have arrived in India after crossing the Strait of Hormuz and assured that New Delhi is in touch with concerned countries for the safe transit of its ships to meet its energy needs. While addressing a weekly media briefing in New Delhi on Friday, MEA spokesperson Randhir Jaiswal said that India’s approach to sourcing its energy needs is based on the imperative to secure the needs of 1….
Mumbai, March 27 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Friday hailed the Centre’s move to reduce excise duty on petrol and diesel, asserting that it will insulate Indian consumers from the fallout of the ongoing Middle East conflict. The Chief Minister termed the government’s action a vital protective measure against global energy volatility. The Centre has slashed excise duty by Rs 10 per litre on both petrol and diesel with immediate effect.Speaking to reporters, the Chief…
New Delhi, March 27 (IANS) Union Minister Pralhad Joshi on Friday termed the Opposition’s behaviour in Parliament as “most unfortunate,” accusing the Congress and other parties of acting irresponsibly at a time when the world is grappling with economic challenges, particularly rising crude oil prices.“The Opposition’s behaviour in Parliament at present is most unfortunate. The Congress and a few other major parties are acting irresponsibly,” Joshi said, claiming that instead of ackno…