New Delhi, May 15 (IANS) The Indian rupee breached the 96-mark against the US dollar on Friday amid persistent global pressures, rising crude oil prices, and continued geopolitical tensions linked to the Iran conflict.Earlier in the day, the domestic currency opened at 95.86 in the interbank foreign exchange market and slipped to 95.94 during early trade, after touching an all-time low of 95.96 in the previous session.Pressure on the rupee also intensified after oil marketing companies (OMCs) in…
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Gandhinagar, May 15 (IANS) The Gujarat government will induct 300 new buses into public service on Saturday without holding any physical or virtual inauguration ceremony, as the state steps up fuel-conservation measures following Prime Minister Narendra Modi’s recent appeal to reduce fuel consumption.Speaking to reporters ahead of the Cabinet meeting on Friday, Deputy Chief Minister Harsh Sanghavi said the buses would begin operating from 10 a.m. and would be sent directly to their designated …
Thiruvananthapuram, May 15 (IANS) Senior CPI(M) leader and former Kerala Chief Minister Pinarayi Vijayan on Friday launched a sharp attack on the Centre over the latest increase in fuel prices, describing the move as a cruel betrayal of the people at a time when inflation and rising living costs are already pushing ordinary families into severe financial distress.In a strongly worded statement, Vijayan accused the Union government of imposing an additional burden on common citizens instead of of…
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 11 (IANS) India’s gross domestic product (GDP) is expected to grow 6.6 per cent in fiscal 2027 while retail inflation will average 5.1 per cent in FY27 amid the geo-political tensions, a report said on Monday.Prolonged closure of the Strait of Hormuz has pushed Brent crude price forecasts up to $90‑95 per barrel from $82‑87 previously and is expected to keep crude oil prices elevated for longer, the report from Crisil Ratings said.The ongoing conflict has underscored the imp…
Mumbai, May 9 (IANS) Actress Ameesha Patel, who was earlier stuck in Oman due to the clash between the UAE and Iran, has taken potshots at the younger crop of actresses and their PR games. On Friday, the actress took to her X, formerly Twitter, and penned a long note in which she passed a witty remark about the younger actress’ and their perception building games.She wrote, “Most female actresses who haven’t even achieved one film in their career where even a single film of theirs has done…
New Delhi, May 8 (IANS) Pakistan has entered into a difficult phase of economic management as petrol and high‑speed diesel near Rs 400 a litre, compounding pressures on households and the government, a report has said.Pakistan-based The News International said in the report that State Bank of Pakistan’s policy rate hike to 11.5 per cent adds strain on borrowers.”While citizens are bearing the brunt of inflation, the government is risking its political capital by making unpopular decisions,” it…
New Delhi, May 2 (IANS) Pakistan’s foreign exchange buffers could fall sharply to $6.8 billion by the end of 2026 and approach $1.6 billion by FY28, if the country’s current macro policies continue to collapse, a new report has said.The report from South China Morning Post said that assumed oil would average $113 a barrel in Q2 2026 before easing to $79 by year‑end, Pakistan reserves would deteriorate sharply if imports and remittances remain unchanged.The report cited analysts as saying tha…
New Delhi, May 1 (IANS) More than 49.8 lakh domestic Liquefied Petroleum Gas cylinders were delivered on April 30, while fresh bookings were recorded for 41.6 lakh cylinders, as the supply of cooking gas remains normal in the country, with no dry-outs reported at retail distributorships despite the supply chain disruption due to the Middle East conflict. Online domestic Liquefied Petroleum Gas cylinder bookings have increased to 98 per cent, while authentication code-based deliveries to the regi…
Washington, May 1 (IANS) US President Donald Trump said Iran had been significantly weakened and was eager to negotiate, even as tensions remain high over its nuclear programme.“Iran is dying to make a deal,” Trump said, while reiterating that Tehran “cannot be nuclear.”He claimed US military action had sharply degraded Iran’s capabilities. “Their Navy is gone. Their Air Force is gone… their drone factories are about 82 percent down,” he said.Trump added that missile production h…