New Delhi, May 25 (IANS) Global crude oil prices tumbled to their lowest levels in two weeks on Monday amid optimism over a possible breakthrough in negotiations between the US and Iran, easing fears of prolonged supply disruptions in West Asia.International oil benchmark Brent crude fell 6 per cent to trade below the $100-per-barrel mark. Similarly, US West Texas Intermediate (WTI) crude declined more than 6 per cent to $90.33 during early trade. Both benchmarks touched their weakest levels sin…
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New Delhi, May 25 (IANS) Fuel prices were again hiked for the fourth time in a span of two weeks on Monday across the country.State-owned oil marketing companies on Monday increased petrol prices in Delhi by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre. With the latest revision, petrol is now being sold at Rs 102.12 per litre, up from Rs 99.51 per litre, while diesel prices have climbed to Rs 95.20 per litre from Rs 92.49 per litre.The fresh hike comes just two days after fuel prices…
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) As global geopolitical fault lines deepened, Indian diplomacy had to navigate complex challenges while chairing major multilateral forums, including the G20 in 2023 and the BRICS Foreign Ministers’ Meeting in 2026. Held amid the escalating US-Israeli conflict with Iran and its spillover effects across the Gulf, the BRICS Foreign Ministers’ Meeting in New Delhi revealed conflicting views within the bloc, particularly between Iran and the UAE. The lack of consensus und…
Washington/New Delhi, May 23 (IANS) US Secretary of State Marco Rubio, during his meeting with Prime Minister Narendra Modi in New Delhi on Saturday, emphasised that the United States will not let Iran hold the global energy market hostage and affirmed that US energy products have the potential to diversify India’s energy supply, the US State Department has detailed. “The Secretary and Prime Minister discussed the current situation in the Middle East. The Secretary emphasised that the United S…
Thiruvananthapuram, May 23 (IANS) Claiming that timely intervention by the Narendra Modi government helped Kerala’s small business sector withstand global economic shocks, State BJP Pesident Rajeev Chandrasekhar said on Saturday that more than 5.5 lakh MSMEs in the state benefited from the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS), with guaranteed credit support of more than Rs 8,405 crore extended to enterprises across the state. Chandrasekhar said the scheme played a crucial role…
New Delhi, May 23 (IANS) US Secretary of State Marco Rubio briefed Prime Minister Narendra Modi on the “sustained progress” in bilateral cooperation across a wide range of sectors, the Prime Minister’s Office (PMO) stated on Saturday. Rubio called on Prime Minister Modi soon after his arrival in New Delhi and also extended an invite on behalf of US President Donald Trump for PM Modi to visit the White House in the near future. After the meeting, PM Modi said that both countries will continue to …
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) Retail price of compressed natural gas (CNG) was raised in the national capital by Rs 1 per kg on Saturday, marking the third revision in 10 days.Price of CNG in New Delhi was raised to Rs 81.09 per kg from Rs 80.09 per kg, according to Indraprastha Gas Limited (IGL).Prices in neighbouring cities such as Noida, Greater Noida and Ghaziabad have risen to Rs 89.70 per kg, and Gurugram to Rs 86.12 per kg.The latest hike follows a Rs 2 per kg increase announced on May 15 and …
New Delhi, May 23 (IANS) Petrol and diesel prices were increased once again across India on Saturday, marking the third revision in retail fuel rates in just 10 days. Petrol became costlier by Rs 0.87 per litre, while diesel prices were raised by Rs 0.91 per litre by state-owned oil marketing companies. The latest hike comes amid sustained pressure from rising global crude oil prices and ongoing geopolitical tensions in West Asia, which continue to impact international energy markets.In the nati…