New Delhi, May 25 (IANS) As the Middle East crisis continues to impact retail fuel prices, India had one of the smaller percentage increases, and sits on one of the lower absolute price levels among non-subsidising economies.Through the 78 days from the closure of the Strait of Hormuz on February 28, to the oil marketing companies’ (OMCs) revisions of May 15, 19, 23, and May 25, India held petrol and diesel prices essentially unchanged, while the rest of the world raised prices by 10, 20, 50, an…
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New Delhi, May 24 (IANS) Pakistan is grappling with a mounting foreign exchange crisis driven by pressure to repay roughly $4.8 billion of external debt, weak investor confidence, and falling foreign direct investment (FDI), according to an international media report. The report in the Times of Oman stated that foreign direct investment in Pakistan plummeted by 33 per cent in FY26 to $1.195 billion from $1.92 billion in 2023–24 and $1.83 billion in 2024–25. As a share of GDP, FDI remained be…
New Delhi, May 24 (IANS) External Affairs Minister (EAM) S. Jaishankar on Sunday outlined India’s five-point approach on key regional and global issues, stressing that New Delhi advocates dialogue and diplomacy for conflict resolution, supports uninterrupted maritime commerce, and strongly opposes the weaponisation of trade and resources. Addressing a joint press briefing with US Secretary of State Marco Rubio after delegation-level talks held at Hyderabad House, EAM Jaishankar said India and …
New Delhi, May 23 (IANS) Pakistan is grappling with a mounting foreign exchange crisis driven by pressure to repay roughly $4.8 billion of external debt, weak investor confidence and falling foreign direct investment (FDI), a report has said.The report from Times of Oman said that foreign direct investment plunged 33 per cent in FY26 to $1.195 billion, continuing a declining trend of $1.92 billion in 2023–24 and $1.83 billion in 2024–25. As a share of GDP, FDI remained below 0.45 per cent.De…
New Delhi, May 23 (IANS) Agreements signed between India and the United Arab Emirates during Prime Minister Narendra Modi’s visits deepen strategic‑economic partnership across energy storage, long‑term fuel supplies, defence cooperation and artificial intelligence, a report has said. The report from India Narrative said the agreement builds India’s energy resilience, maritime security, digital ecosystems, and emerging artificial intelligence capabilities.It includes a $5 billion investment c…
New Delhi, May 22 (IANS) The Government has initiated special measures to ease container movement at Mumbai’s Jawahar Lal Nehru Port Authority which include rail evacuation, waiver of handling charges, green channels and trailer pooling to ease bottlenecks caused by disruptions due to the Middle East conflict.A high-level meeting chaired by Minister of Ports and Shipping Sarbananda Sonowal and Commerce Minister Piyush Goyal on Friday focused on better container movement as the Gulf-bound conta…
Washington, May 22 (IANS) US President Donald Trump and Secretary of State Marco Rubio mixed warnings with diplomacy in their latest comments on Iran, stressing that Tehran would not be allowed to acquire nuclear weapons.The coordinated remarks came amid rising tensions in the Gulf, concerns over energy supplies through the Strait of Hormuz and continuing negotiations with Tehran over its nuclear programme.Rubio, speaking to reporters at Miami Homestead Airport before departing for India, warned…
New Delhi, May 21 (IANS) There is no shortage of petrol, diesel or LPG in the country and petrol pumps that are not giving fuel or giving fuel in reduced quantities are being pulled up, according to senior government officials on Thursday.The government is receiving feedback about petrol pumps across India and full supply of fuels is being maintained to all retail outlets. There has also been no reduction in oil imports coming from Russia in order to ensure adequate crude supplies to the refiner…
New Delhi, May 20 (IANS) State-run Bharat Petroleum Corporation Limited (BPCL) has increased its intake of Russian crude oil to around 41 per cent amid ongoing supply disruptions from the West Asia conflict, a senior company official said on Wednesday.Russian crude now accounts for about 40–41 per cent of total imports, up from 31 per cent in the fourth quarter of FY26 and 25 per cent in the third quarter, said Vetsa Ramakrishna Gupta, Director (Finance), BPCL.Gupta said the company has steppe…
New Delhi, May 18 (IANS) Markets will face pressure from rising rates and currency headwinds, impacting rate‑sensitive sectors such as banking, real estate and capital‑intensive industries, a report said on Monday.The report from Systematix Institutional Equities said as wholesale inflation surged in April and the rupee risks breaching Rs 100 and official CPI forecasts will soon touch 6 to 7 per cent.”The latest Rs 3 per litre fuel price hike, following the Prime Minister’s austerity appea…