New Delhi, March 13 (IANS) Oil marketing companies (OMCs) or firms that involved in liquefied petroleum gas (LPG) supply are making continuous efforts to maintain smooth distribution across the country amid global tensions triggered by the Iran war, Nitin Khara, Chairman and Managing Director (CMD) of Confidence Petroleum India Limited (CPIL), said on Friday.In conversation with IANS, Khara said that while global developments have created challenges for LPG supply, the company’s priority remai…
Latest Global Conflict News & Updates
New Delhi, March 5 (IANS) Escalating conflict in the Middle East could only cause minimal rupee depreciation and disruption in growth while defence stocks and precious metals could rally, a report said on Thursday.The report from asset management firm Shriram Wealth said a 10 per cent rise from RBI’s baseline assumption of crude oil price could lift inflation by 30 bps but weaken the rupee and growth minimally.The same could cut growth by 15 bps, while a 5 per cent rupee depreciation could raise…