New Delhi, April 7 (IANS) A rate cut in this environment will be fairly difficult because of inflation pressures, so the RBI may stay at current rate levels, Anant Goenka, President of FICCI, said on Tuesday. Speaking to IANS on the sideline of an event, he noted that the ongoing geopolitical crisis “has had several adverse impacts in the form of logistics, cost increases, demand slowdown and long-term uncertainty” for Indian industry.”Industry is grappling with rising uncertainty as global …
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New Delhi, April 4 (IANS) State-run oil marketing company (OMC) Indian Oil Corporation Ltd (IOCL) on Saturday assured that supplies of petrol, diesel and LPG remain adequate across the country, even as the Centre steps up efforts to minimise any disruption to fuel supply chains amid global uncertainties.The PSU firm said it is closely monitoring its nationwide distribution network and taking necessary steps to prevent hoarding and black marketing of LPG cylinders.In a public advisory shared on X…
Mumbai, March 22 (IANS) The Indian stock market ended the week on a cautious note, and experts believe global tensions, rising crude oil prices, currency pressure and movement in precious metals will be key factors shaping investor sentiment in the coming days.The benchmark indices, Nifty and Sensex, closed the week largely flat with a slight negative bias.While the first three trading sessions remained positive, a sharp sell-off on Thursday erased most of the gains, followed by a volatile sessi…
New Delhi, March 2 (IANS) The Cabinet Committee on Security (CCS) was briefed on the air strikes in Iran on February 28 and the subsequent escalation in the Middle East, as well as the security of the Indian citizens in the region.Convened under the leadership of Prime Minister Narendra Modi on Sunday, the CCS reviewed the evolving situation in West Asia.The meeting of the Cabinet committee, the apex decision-making body on security and strategic matters of India, came against the backdrop of a …