India imports a big portion of its LPG and LNG needs and has been looking to step up procurement from alternative sources. (AI image) Amid Strait of Hormuz-linked supply disruptions, India has reportedly sought a waiver from the US for buying liquified natural gas (LNG) from Russia. According to a Reuters report, India has approached…
As ongoing Middle East conflict continues to weigh energy supplies across the globe, the Centre has approached states to step up commercial LPG allocation, inceasing the distribution to 70%. In a letter to chief secretaries of all states and Union territories, secretary of the ministry of petroleum and natural gas, Dr Neeraj Mittal, outlined a…
Gold is moving from the mid-band toward the upper band, suggesting strengthening momentum. (AI image) Gold price prediction today: Gold prices are seeing a steady recovery and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are trading near ₹1,45,500 after witnessing a steady…
The weakening of the dollar made bullion, which is priced in the greenback, more affordable for investors using other currencies. “For weeks, gold has been treated as a liquidity asset sold to cover volatility and margin calls elsewhere, but at current levels, it is now looking more like a value proposition for investors, which is…
UBS has a neutral rating on Cipla with the target price cut to Rs 1,400, from Rs 1,750 earlier. Analysts said the company’s growth drivers are intact but supply headwinds weigh on near-term outlook. A healthy product pipeline to drive FY28 earnings for Cipla. However, there is a lack of near-term catalysts. They feel a…
Government has revised its fuel duty structure, lowering the special additional excise duty on petrol to Rs 3 per litre while removing it entirely on diesel. The decision comes against the backdrop of ongoing disruptions in global oil supply chains due to the conflict in the Middle East, where Iran continues to tighten control over…
Applications for unemployment benefits in the United States rose slightly last week, signalling continued labour market resilience even as hiring momentum has slowed over the past year.New filings for jobless aid increased by 5,000 to 210,000 for the week ended March 21, up from 205,000 in the previous week, the US Labour Department said on…
NEW DELHI: Amid disruption in supply chains, including inputs for medicines to glass, sulphur, solvents and polymers, industry has approached govt with multiple suggestions, ranging from relief in loans for small businesses staring at turning to non-performing assets due to lack of gas availability to operationalising a “green corridor” for goods flow to ports such…
NEW DELHI: Govt is likely to extend subsidies for electric two-wheelers under the PM e-Drive scheme until June, while subsidies for e-rickshaws may continue for two years or so. The scheme, initially notified in Sept 2024, is valid till March 31.“We are looking at extending the incentive for these two categories of electric vehicles. Since…
NEW DELHI: India on Thursday backed reforming the World Trade Organisation but underlined the need to retain the core focus on poor and developing countries and a consensus-driven decision-making process.“The necessary reform of WTO should be carried out through a transparent, inclusive and member-driven process, keeping development at its core, upholding the foundational principles and…
