New Delhi, June 11 (IANS) About 1.49 crore domestic LPG cylinders were delivered in the last three days against bookings of around 1.40 crore cylinders as normal supply of cooking gas for households continues to be maintained across the country despite the supply chain disruptions due to the Middle East conflict, according to an update issued by the Ministry of Petroleum and Natural Gas on Thursday. No dry-outs have been reported from any LPG distributorship across the country, the statement sai…
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New Delhi, June 6 (IANS) The Reserve Bank of India’s latest policy measures aimed at attracting foreign capital could potentially bring nearly $50 billion in inflows, while further gains may come if India secures greater participation in global bond indices, a report has said.According to ICICI Bank Global Markets, measures announced by the central bank, including support for foreign currency deposits, concessional foreign exchange swap facilities for certain external borrowings and broader ac…
New Delhi, May 30 (IANS) Due to India’s macroeconomic resilience, a neutral stance on Indian equities is warranted, with a relative ‘overweight’ stance on mid and small caps, a report has said.The report from Motilal Oswal Private Wealth recommended a portfolio allocation of roughly 50 per cent hybrid or large caps, 40 per cent small and mid-caps (SMIDs) and 10 per cent global exposure.The firm recommended lump-sum deployment in hybrid strategies and a staggered approach for pure equity-orient…
New Delhi, May 12 (IANS) Amid global supply disruptions due to the Middle East crisis and soaring crude prices, ethanol-blended petrol is rapidly gaining ground as a sustainable fuel of the future, with India emerging as one of the world’s most closely watched biofuel success stories, according to a report in The Times Kuwait newspaper.It points out that India’s long-term ethanol blending strategy has paid dividends by enabling the world’s fastest growing economy to cushion the oil supply …
New Delhi, April 23 (IANS) Indian oil marketing companies (OMCs) have begun relying on their commercial crude inventories as supply chains tighten following the closure of the Strait of Hormuz amid escalating geopolitical tensions in West Asia, according to a report on Thursday.The disruption linked to the ongoing US-Israel conflict involving Iran has constrained supplies from the Gulf region, while sharply increasing freight charges, insurance premiums and transit durations, NDTV Profit reporte…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 11 (IANS) Domestic institutional investors (DIIs) continued to provide crucial support to Indian equity markets this week, offsetting sustained selling by foreign institutional investors (FIIs), as global sentiment improved after a reported US‑Iran ceasefire, exchange data showed.FIIs offloaded equities worth Rs 20,710 crore during the week, while DIIs emerged as net buyers with investments totalling Rs 21,602 crore, helping benchmark indices recover over 5 per cent over the p…
Seoul, April 6 (IANS) South Korean stocks continued to trade higher late on Monday morning as investors anticipated a strong performance by Samsung Electronics in its first-quarter earnings guidance this week, boosting optimism in the artificial intelligence (AI) industry.The benchmark Korea Composite Stock Price Index (KOSPI) rose 116 points, or 2.16 per cent, to 5,493.3 as of 11:20 am (local time), reports Yonhap news agency.On Tuesday, Samsung Electronics is set to release its preliminary fir…
New Delhi, March 27 (IANS) More than 350 show-cause notices have been issued to LPG distributorships as part of enforcement action to maintain seamless supply of gas, the government said on Friday, adding that enforcement drives are ongoing across states/UTs, with more than 3,000 raids conducted and over 1,500 LPG cylinders seized.PSU oil marketing companies (OMCs) conducted more than 1,500 surprise inspections at retail outlets and LPG distributorships across the country, according to an offici…
New Delhi, March 20 (IANS) The Indian rupee reached a new low against the US dollar on Thursday, depreciating 30 paise to 92.94, as oil prices remain elevated amid the West Asia crisis.In the meantime, foreign institutional investors (FIIs) have sold nearly Rs 74,000 crore over the last 12 sessions in the domestic stock market.Iran has warned it would carry out more severe retaliatory strikes if the US and Israel attack its energy facilities again. On Wednesday, Israel struck Iran’s South Pars o…