Tehran, July 12 (IANS) Iran has launched a series of strikes on US targets in the Middle East, Press TV reported on Sunday.Missile alert sirens sounded in Bahrain as the United Arab Emirates (UAE) and Qatar also came under attack, reports said.The UAE Defence Ministry said Sunday that its air defence systems were engaging missile and drone threats, while Bahrain’s Interior Ministry urged residents to remain calm and proceed to the nearest safe location.According to Press TV reports, the US targe…
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Mumbai, July 12 (IANS) Investors will closely track the ongoing Q1 FY27 earnings season, movement in crude oil prices, foreign fund flows and developments in West Asia next week after the Indian stock market ended its four-week winning streak amid heightened geopolitical tensions and volatile global cues.Benchmark indices closed the week with marginal losses as renewed tensions in West Asia and a spike in crude oil prices dented investor sentiment.However, a strong recovery in the final two trad…
Mumbai, July 11 (IANS) Foreign institutional investors (FIIs) turned net buyer in the Indian equity markets this week, purchasing Rs 4,670 crore based on provisional exchange data.Domestic institutional investors (DIIs) were also net buyers as usual, purchasing Rs 8,280 crore. Mutual fund systematic investment plan (SIP) contributions reached a three-month high of Rs 31,780 crore in June, according to the latest data released by the Association of Mutual Funds in India (AMFI). This reflects a st…
United Nations, July 11 (IANS) India has called for an end to economic embargoes and sanctions, assailing them as barriers to economic and social development, and infringements on the sovereignty of nations.“As the world’s largest democracy, India regards multilateralism as an article of faith”, Eldos Mathew Punnoose, a counsellor at India’s Permanent Mission, told the General Assembly on Friday.Embargoes and sanctions “impede the realisation of human rights, including the rights to deve…
Mumbai, July 10 (IANS) Iran has warned that it will deliver a “firm and decisive response” to what it called repeated violations by the US, and said it has already carried out actions targeting US interests and bases in the region.In a strongly worded statement during an interview with IANS, Iran’s Consul General, Saeid Reza Mosayeb Motlagh, said on Thursday that “Tehran had initially shown restraint in the face of US ‘breaches of commitments” but was now compelled to respond, as it has done on …
Tehran, July 9 (IANS) Explosions were heard in coastal areas of Iran’s port city of Bandar Abbas on Thursday afternoon, Iranian media reported.The sounds, which mainly occurred at around 1400 hrs local time (1030 GMT) along the city’s southern coast, were likely the result of an exchange of fire in parts of the Gulf and the Strait of Hormuz, Iran’s Mehr news agency reported.Meanwhile, Iran’s Islamic Revolutionary Guard Corps (IRGC) said three IRGC soldiers from Khuzestan province were killed as …
New Delhi, July 9 (IANS) India has the resilience to deal with the economic impact of rising crude oil prices and ongoing geopolitical tensions in the Middle East, and there is no need for panic despite the prevailing global uncertainty, Vijay Kalantri, World Trade Center Chairman said on Thursday.Speaking to IANS, Kalantri said the escalation in tensions following fresh US military action against Iran has led to volatility in global markets, with crude oil prices rising above $78 per barrel and…
Washington, July 8 (IANS) India on Wednesday strongly opposed the proposed 12.5 per cent additional US tariff on its exports during a US Trade Representative (USTR) Section 301 hearing, arguing that the investigation lacks a legal and factual basis and warning that the proposed action would disrupt supply chains without advancing efforts to eliminate forced labour.Appearing before the USTR hearing panel, Dr Brij Mohan of the Ministry of Commerce and Industry said India objected to the proposed c…
Melbourne, July 7 (IANS) The Indian community in Australia is eagerly looking forward to Prime Minister Narendra Modi’s visit to Melbourne, later this week with record crowds expected to attend ‘Melbourne meets Modi’ diaspora event on July 9. Ahead of Prime Minister Narendra Modi’s visit to Melbourne, India’s High Commissioner to Australia, Nagesh Singh, expressed the commitment of both nations to a free, open, peaceful, rule-based international order and Indo-Pacific.In an interview with IANS, …
New Delhi, July 6 (IANS) China’s dominance in the rare earth industry suffers from a key structural weakness as most of the core patents for advanced rare earth functional material technologies are held by the US and Japan, according to a study.According to a report in the South China Morning Post, the researchers found that downstream products derived from processed rare earths — including permanent magnets, catalysts, luminescent and polishing materials — account for more than 80 per cent of…