New Delhi, July 6 (IANS) Global crude oil prices traded nearly 1 per cent lower on Monday after the alliance of oil-producing nations agreed to further increase production from August, while the recovery in crude exports through the Strait of Hormuz signalled improving global supplies.International oil benchmark Brent crude slipped 0.76 per cent or 55 cents to $71.55 per barrel, while U.S. West Texas Intermediate (WTI) crude declined nearly 1 per cent or 68 cents to trade below $69 per barrel.Th…
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New Delhi, July 5 (IANS) OPEC+ is expected to consider another modest increase in oil production quotas for August as the alliance continues unwinding earlier supply cuts, with delegates indicating that seven key producers have reached a preliminary agreement ahead of a virtual meeting on Sunday.According to delegates, the proposed increase would raise the combined production target of seven major producers, led by Saudi Arabia and Russia, by 188,000 barrels per day if approved during the video …
New Delhi, July 5 (IANS) The BRICS Women Working Group Meeting in Kochi is expected to lay a strong foundation for the BRICS Women Ministerial Meeting to be held on July 8-9, reaffirming the shared commitment of BRICS Member Countries towards practical cooperation and women-led development, an official statement said on Sunday.India will host the BRICS Women Working Group (WWG) Meeting on July 6-7 in Kochi, Kerala, under its BRICS Chairship this year. “Senior government officials from BRICS Me…
New Delhi, July 4 (IANS) The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first export shipment of premium Areko cherries and Scentrose plums from Jammu and Kashmir to the United Arab Emirates (UAE), a significant milestone in expanding the global footprint of the Union Territory’s high-value horticultural produce, it was announced on Saturday.The inaugural consignment — comprising one metric tonne of premium stone fruits sourced from farmers…
Mumbai, July 4 (IANS) Gold recorded its first weekly gain since May as trader expectations for further US Federal Reserve rate hikes moderated, pushing bullion prices around 3.1 per cent for the week.Soft US job numbers and lower energy prices led to investors reducing the expectations of monetary policy tightening.However, on Friday, MCX gold August futures eased 0.01 per cent while MCX silver July futures inched up 0.04 per cent. Currently, gold futures stand at Rs 1,47,365, while silver futur…
Seoul, July 4 (IANS) Two suspects accused of running large-scale illegal online gambling networks have been extradited from the United Arab Emirates (UAE) to South Korea in a joint international operation, authorities said on Saturday. One suspect allegedly ran an overseas gambling site worth 4.8 trillion won (US$3.14 billion) based in Southeast Asia and laundered criminal proceeds while evading arrest for 12 years across multiple countries, including the Philippines, Malaysia and Cambodia, acco…
New Delhi, June 30 (IANS) Interest in the BrahMos supersonic cruise missile — a joint venture between India’s DRDO and Russia’s NPO Mashinostroyeniya — has expanded beyond Philippines, Vietnam and Indonesia to reported enquiries from Saudi Arabia, Egypt, Thailand, Brazil and Chile.India is stepping up arms exports across Asia and talks with the United Arab Emirates are under way for sales of BrahMos supersonic cruise missile and, if concluded, would mark the missile’s first entry into …
New Delhi, June 29 (IANS) As the West Asia crisis rattled global economies with surging oil and gas prices since the US-Iran war began on February 28, the defining choice of the crisis for India was to absorb the cost at the level of the State and the public sector marketing companies rather than the household, according to the government, as no comparable economy chose to shoulder a burden of this scale on behalf of its consumers.The contrast with India is sharpest among the import-dependent ec…
Vadodara, June 29 (IANS) The Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat is scheduled to begin on Monday in Vadodara, bringing together policymakers, international partners and industry leaders for a two-day engagement aimed at strengthening regional investment and development linkages.The conference is being held on June 29 and 30, at GSFC University. It will be attended by Chief Minister Bhupendra Patel, Deputy Chief Minister Harsh Sanghavi and other senior officials, alongs…
Vadodara, June 27 (IANS) The Gujarat government will bring together representatives from 10 districts, four partner countries and several international business organisations in Vadodara next week as it hosts the Central Gujarat edition of the Vibrant Gujarat Regional Conference (VGRC), aimed at promoting regional investment and industrial development.The VGRC will be held at GSFC University in Vadodara on June 29 and 30, bringing together government leaders, foreign delegations, industry bodies…