New Delhi, July 26 (IANS) India’s long-term natural gas growth will depend not only on expanding liquefied natural gas (LNG) import capacity but also on accelerating investment in transmission and distribution infrastructure, reforming gas pricing and market regulations, and creating stronger demand from gas-intensive industries, according to a new report by the International Gas Union (IGU).The report said that while India has made significant progress in expanding its LNG regasification termin…
Latest Gulf region News & Updates
Tehran, July 24 (IANS) A Mozambique-flagged LPG tanker with 28 Indian crew members on board came under attack in Iranian territorial waters on Friday, the Indian Embassy in Iran stated.”The Embassy of India in Tehran is aware that the Mozambique-flagged LPG tanker DISHA (IMO No. 8818219) came under attack in Iranian territorial waters earlier today. The vessel has 28 Indian crew members on board. The Embassy has been in close contact with the relevant authorities and has confirmed that all India…
Manila, July 23 (IANS) External Affairs Minister (EAM) S Jaishankar held a meeting with his counterpart from Oman, Sayyid Badr bin Hamad Al Busaidi, on the sidelines of Association of Southeast Asian Nations (ASEAN)-related meetings in Manila on Thursday. During the meeting, the two ministers discussed recent developments in the Gulf region.”Appreciated meeting with FM Sayyid Badr bin Hamad Al Busaidi of Oman in Manila. Exchanged perspectives on the recent developments in the Gulf region. Agreed…
Kolkata, July 22 (IANS) The ongoing crisis in the Gulf has taken its toll on a consignment of mangoes exported from India to the United Arab Emirates (UAE) by sea. Of the 12.5 tonnes of Dashehari and Langra mangoes exported, nearly 10 per cent were spoiled due to the delay in transporting the consignment by sea.“The consignment reached the destination market on July 17, completing a 25‑day harvest‑to‑market transit period. Despite the extended transit time, nearly 90 per cent of the mang…
Mumbai, July 19 (IANS) The Indian equity market is expected to remain driven by domestic earnings and global developments in the coming week after the benchmark indices ended higher, extending their recovery amid concerns over geopolitical risks, elevated oil prices and uncertainty surrounding the global interest rate outlook.The Nifty gained around 0.53 per cent during the week to close at 24,334.30, while the Sensex advanced nearly 0.75 per cent to settle at 78,151.45.The resilience in the mar…
New Delhi, July 17 (IANS) Highlighting that the situation in West Asia continues to remain volatile, the Ministry of External Affairs (MEA) on Friday stated that 14 Indian seafarers have lost their lives so far and two remain missing during the escalating conflict in the region. Addressing the bi-weekly media briefing, MEA spokesperson Randhir Jaiswal said that a large number of Indian seafarers work in West Asia and ensuring their safety as well as keeping them alert about potential risks remai…
New Delhi, July 16 (IANS) The Directorate General of Maritime Administration (DGMA) has directed ship owners, ship managers and Recruitment and Placement Service Licence (RPSL) companies to avoid deploying Indian seafarers on vessels undertaking voyages through the Strait of Hormuz until further orders, citing the heightened security situation in the Gulf region.Taking to the social media platform X, the maritime regulator said the move was aimed at safeguarding the safety, security and welfare …
New Delhi, July 12 (IANS) India has received $7 billion from foreign institutional investors (FIIs) after the government announced measures last month to attract more foreign funds and steady the volatility in the rupee, according to an SBI Research report. The Indian rupee has appreciated around 2.2 per cent till the end of June, a low of Rs 96.8 vis-a-vis the US dollar on May 20, 2026.Last month, the government and the Reserve Bank of India introduced a set of measures aimed at boosting foreig…
New Delhi, July 10 (IANS) Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) and financial institutions on Monday to review the progress of foreign currency deposit mobilisation and overseas borrowing initiatives aimed at strengthening external capital inflows, as per sources.The meeting comes after the Reserve Bank of India (RBI) last month announced a series of measures to encourage banks to mobilise foreign currency deposits from Non-Resident Indians …
Mumbai, July 10 (IANS) India’s foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week ended July 3, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The value of India’s gold reserves rose by $2.669 billion to $105.205 billion during the reporting week.The country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund also increased by $65 million to $18.623 billion.T…