NEW DELHI: With West Asia-bound cargo ships stranded in India due to conflict in the region, shipping ministry on Friday directed all 12 major ports to consider requests for reduction, waiver or remission of charges, including for storage rent, reefer plugging and change of vessel.The ministry said ports may permit storage of cargo destined for…
NEW DELHI: India has sufficient foreign exchange reserves, low current account deficit and inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security despite the country’s high dependency on imported crude oil, a finance ministry report said on Friday.But it cautioned that if…
NEW DELHI: Government will use “every policy tool and the export promotion mission” to support exporters in the ongoing crisis in West Asia, commerce and industry minister Piyush Goyal said on Friday. “We are in complete engagement with exporters. Every day, the inter-ministerial group talks to exporters and takes feedback. We will not be found…
The United States has given “permission” to India to buy Russian oil already stranded at sea issuing a temporary waiver aimed at stabilising global oil supplies amid disruptions caused by the escalating conflict in West Asia.US treasury secretary Scott Bessent referred to India as a “very good actor” for previously complying with Washington’s request to…
MUMBAI: The rupee closed at 91.75 against the dollar on Friday, down 15 paise from the previous close of 91.6, after a largely range-bound session marked by pressure from higher crude oil prices and foreign fund outflows.Suspected intervention by the central bank too influenced market movements. Heavy selling in domestic equities and withdrawals by foreign…
Banking relief for UAE and Gulf amid Iran–US–Israel crisis: Emirates NBD Bank removes ATM cash withdrawal charges In a move aimed at easing financial access during a turbulent period in the Gulf, Emirates NBD has announced that it will temporarily waive ATM withdrawal fees at other banks’ machines across the UAE and the wider GCC….
NEW DELHI: India’s medical technology (medtech) sector is set to get its first dedicated investment fund, which will also support the government’s ‘Make in India‘ push. A clutch of investors and industry veterans led by Ganesh Sabat, former CEO of SMT (Sahajanand Medical Technologies), a major cardiac stent player, are floating a Rs 1,000 crore…
MUMBAI: Deteriorating geopolitical situation in West Asia and market conditions across the globe pulled sensex down by nearly 1,100 points on Friday. The index closed below the 79K mark for the first time since April 2025. Banks led the slide as foreign funds sold, dealers said.Sensex started the session on a weak note, down about…
Dubai records Dh422m apartment sale, third highest ever amid regional tensions Dubai’s ultra-luxury property market has delivered another headline-grabbing milestone. Even as geopolitical tensions ripple across the Middle East, the emirate has recorded a Dh422 million apartment sale, the third-most expensive residential apartment transaction in its history, highlighting the remarkable resilience of Dubai’s high-end real…
NEW DELHI: The price of domestic cooking gas cylinders may increase from Saturday (March 7), with the cost of a 14.2-kg LPG cylinder rising by Rs 60 across the country, according to sources cited by news agency ANI.With the latest revision, the price of a 14.2-kg domestic LPG cylinder in Delhi may increase from Rs…
