New Delhi, May 31 (IANS) Prime Minister Narendra Modi on Sunday highlighted India’s diverse mango varieties and praised farmers engaged in mango cultivation, saying their contribution extends beyond agriculture and plays a significant role in strengthening the country’s economy and expanding its presence in international markets. Speaking during the 134th episode of his monthly radio programme, Mann Ki Baat, the Prime Minister said that with the arrival of summer, mangoes become one of the most …
Latest Global Markets News & Updates
New Delhi, May 25 (IANS) Global crude oil prices tumbled to their lowest levels in two weeks on Monday amid optimism over a possible breakthrough in negotiations between the US and Iran, easing fears of prolonged supply disruptions in West Asia.International oil benchmark Brent crude fell 6 per cent to trade below the $100-per-barrel mark. Similarly, US West Texas Intermediate (WTI) crude declined more than 6 per cent to $90.33 during early trade. Both benchmarks touched their weakest levels sin…
New Delhi, May 23 (IANS) The Indian government has effectively managed the impact of global crude oil volatility, maintaining stable fuel availability backed by strong refining capacity and supply systems that have ensured uninterrupted access to petrol and diesel, KPMG International’s Global Head for Energy, Natural Resources and Chemicals (ENRC) Anish De said on Saturday.In an exclusive interview with IANS, De said recent fuel price increases in India reflect the lag between global crude oil…
New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal on Friday co-chaired a meeting with Minister of Ports, Shipping and Waterway, Sarbananda Sonowal, to directly engage with India’s exporters, importers and port authorities to facilitate the smoother flow of trade amid the disruption in ship movement and uncertainties in global markets due to the Middle East conflict.“We are committed to ensuring coordinated, time-bound measures to address concerns and create opportunities to …
New Delhi, May 21 (IANS) The Ministry of Education and Indian Venture and Alternate Capital Association (IVCA) convened the Bharat Innovates Investor showcase in Bengaluru, presenting 24 high‑potential Indian deep‑tech startups before investors, the government said on Thursday.Over 90 investors with over $85 billion in cumulative assets under management attended the event in the run-up to Bharat Innovates 2026 in Nice, France, an official statement said.The 24 participating start-ups represe…
Gandhinagar, May 17 (IANS) Union Commerce and Industry Minister Piyush Goyal on Sunday said that India’s recent free trade agreements with developed economies had given the country preferred access to markets accounting for nearly 70 per cent of global GDP. Addressing the inauguration of the Innovation and Incubation Centre at the National Institute of Design (NID) in Ahmedabad, Goyal said the agreements reflected the long-term economic strategy of Prime Minister Narendra Modi and would suppor…
New Delhi, May 16 (IANS) The ongoing US-Iran tensions are imposing rising economic costs on China, exposing Beijing to mounting risks across energy supplies, trade flows and regional investments amid the escalating Gulf crisis, a report has said.The report by Iran International showed that China has expressed growing concern over disruptions to the Strait of Hormuz, a critical energy corridor through which nearly 45 per cent of its oil imports flow, even as it continues to maintain diplomatic su…
New Delhi, May 14 (IANS) India’s inflation rate based on the wholesale price index (WPI) rose to 8.3 per cent during April, compared to the same month of the previous year, primarily due to an increase in prices of fuels and crude oil amid the Middle East conflict, according to a statement issued by the Ministry of Commerce and Industry on Thursday.The WPI inflation for April was higher than the corresponding figure of 3.88 per cent recorded for March this yearWPI food inflation remained constan…
New Delhi, May 10 (IANS) Highlighting India’s growing importance in the global consumer and digital commerce ecosystem, Walmart President and CEO John Furner on Sunday met a group of Indian entrepreneurs and business leaders building high-growth, digital-first consumer brands.The interaction brought together founders from sectors such as beauty and personal care, food and beverages, lifestyle and apparel, fragrances, and pet care for discussions with leaders from Walmart and Flipkart on scalin…
New Delhi, May 6 (IANS) Global oil inventories that can be tapped without disrupting supply chains could be exhausted within three weeks, raising the risk of ‘operational stress’ in markets by mid‑June, a report has said.The report from investment bank JP Morgan said that the global oil inventory stood at 8.4 billion barrels of oil in early 2026, but only a small portion is usable without pushing the system into strain in order to keep the circulation network working.”Of the 8.4 billion barrel…