Mumbai, March 14 (IANS) Indian equity benchmarks lost nearly 6 per cent on a weekly basis, reflecting sustained selling pressure amid escalating geopolitical tensions in West Asia.Nifty dipped 5.31 per cent during the week and lost 2.06 per cent on the last trading day to reach 23,151. At close, Sensex was down 1,470 points or 1.93 per cent at 74,563. It advanced 5.52 per cent during the week.The sharp correction has largely been driven by the surge in crude oil prices and rising macroeconomic c…
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New Delhi, March 13 (IANS) The US and India are moving closer to signing a key agreement on critical minerals that could significantly strengthen strategic cooperation and supply chains between the two countries, US Ambassador Sergio Gor said on Friday.Speaking at the India Today Conclave 2026, Gor said the growing engagement between the two nations reflects a deeper partnership that goes beyond conventional trade ties. His remarks come just days after the two countries agreed on a framework for…
Chandigarh, March 11 (IANS) Punjab Education Minister Harjot Bains on Wednesday slammed the BJP-led Central government, calling out its “failed foreign policy” for triggering a worsening energy crisis in the country. Speaking during a discussion in the Assembly, the minister raised concerns over shrinking petroleum and LPG stocks, the shutdown of fertiliser plants in the state, and what he described as discrimination in gas supply to the state, while demanding that the Centre disclose th…
New Delhi, March 11 (IANS) Two liquefied natural gas (LNG) cargoes are on their way to India to augment supplies for domestic consumers as the public sector oil and gas companies have stepped up imports from outside the Middle East amid the Iran war, a senior Central government official said on Wednesday.”Crude supply remains secure. Volumes secured today exceed what normally would arrive from the Strait of Hormuz. Oil marketing companies secured various crude cargoes from different countries. A…
New Delhi, March 11 (IANS) Amid the reports of liquefied petroleum gas (LNG) shortage due to West Asia crisis, India has secured LPG and LNG supplies through alternative routes.According to government officials, these LPG and LNG supplies from alternative locations are likely to reach the country soon.Notably, Indian refiners have also increased domestic production of LPG by 10 per cent since the government directed oil companies to maximise cooking gas output.Reliance Industries Ltd’s Jamnaga…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, March 10 (IANS) As hotels and restaurants report commercial LPG shortage, the government has invoked the Essential Commodities (EC) Act to ensure the uninterrupted supply of domestic cooking gas, directing refineries and petrochemical units to maximise the production of LPG.The EC Act has been invoked to ensure divert key hydrocarbon streams to the LPG pool.Authorities have also asked these facilities to divert key hydrocarbon streams to the LPG pool in order to boost availability and…
Dhaka, March 9 (IANS) The Bangladesh government has issued an order to shut universities across the country in order to conserve electricity and fuel, as the escalating conflict in West Asia intensifies the global energy crisis, local media reported on Monday. According to the directive issued by the Ministry of Education, the holidays will continue until the end of the holy Eid al-Fitr holiday as outlined in universities’ academic calendars.”To deal with the global crisis, it is necessary to sa…
New Delhi, March 8 (IANS) It is easy to criticise. It is even easier to find faults and raise one’s voice in protest. Opposition parties in India have always been good at doing so — and in many ways, that is essential for a healthy democracy. But there are moments when history is unfolding, when decisions are tactical and strategic, and when the nation’s security and long-term interests are at stake. In such moments, perhaps the instinct to immediately point fingers can wait. Unfortunately, tha…
New Delhi, March 6 (IANS) Addressing market speculation triggered by geopolitical disruptions in West Asia and the Strait of Hormuz, the Centre’s Department of Fertilisers on Friday firmly assured the farming community that India’s fertiliser stocks remain robust and are sufficient to handle the upcoming kharif season.The Department of Fertilisers said that the country’s reserve stocks of fertilisers have risen by a massive 36.5 per cent from 129.85 lakh metric tonnes (LMT) on March 6, 2025, t…