Mumbai, May 12 (IANS) Indian equity benchmarks extended their losses for a second straight session on Tuesday as escalating tensions in West Asia, surging crude oil prices and concerns over the broader economic fallout triggered a sharp selloff across sectors.The 30-share Sensex plunged 1,456.04 points, or 1.92 per cent, to close at 74,559.24, while the Nifty declined 436.3 points, or 1.83 per cent, to settle at 23,379.55.Commenting on Nifty technical outlook, experts said that 23,300 now acts a…
Latest geopolitical situation News & Updates
New Delhi, May 11 (IANS) The apex IT industry body Nasscom on Monday said technology companies across India are adopting prudent energy management measures and enabling remote or hybrid work arrangements wherever operationally feasible amid ongoing tensions in the Middle East.In a statement issued following Prime Minister Narendra Modi’s recent appeal encouraging citizens and organisations to reduce fuel consumption and adopt work-from-home practices, Nasscom said the industry already operates…
New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
New Delhi, April 16 (IANS) Supply of LPG to domestic households remains normal against online bookings, which have increased to 98 per cent, and no dry-outs have been reported at distributorships despite the supply being affected due to the prevailing geopolitical situation, the Ministry of Petroleum and Natural Gas said on Thursday.The government has ensured that 100 per cent supply is being made to domestic LPG, domestic PNG, and CNG for vehicles, the ministry said in a statement.Deliveries ba…
New Delhi, April 7 (IANS) The Centre announced on Tuesday that it has doubled the daily quantity of 5 kg LPG cylinders being provided to each state for disbursal to migrant labourers.”The supply of 5 kg LPG cylinders is being doubled based on the average daily supply to migrant labourers during March 2-3, 2026, beyond the limit of 20 per cent mentioned in the letter dated March 21. These 5 kg cylinders will be at the disposal of the state government for supplying only to migrant labourers in the…
New Delhi, April 7 (IANS) The Centre has decided to double the daily allocation of 5-kg free trade LPG (FTL) cylinders available for distribution to migrant labourers across states, according to an official communication.The Petroleum Ministry said in a notification the enhanced allocation will be based on the average daily supply of cylinders provided to migrant workers.The revised allocation goes beyond the earlier cap of 20 per cent specified in March announcement.The government also said tha…
New Delhi, March 21 (IANS) As the West Asia crisis escalates affecting global supply chains, the government has advised city gas distribution (CGD) entities to prioritise PNG connections for commercial establishments such as hotels, restaurants and canteens.The CGD companies include IGL, MGL, GAIL Gas and BPCL are currently offering incentives. These have been directed by PNGRB to shorten the timeline between the submission of applications and the commencement of gas supply to consumer household…
New Delhi, March 9 (IANS) IT industry’s apex body Nasscom on Monday issued an advisory to member companies, urging heightened vigilance and preparedness across business continuity and cybersecurity frameworks in view of the evolving geopolitical situation in the Middle East.While business operations currently remain stable, companies are proactively reviewing contingency plans and strengthening resilience measures to mitigate potential disruptions if the situation escalates, the advisory said.Ac…