Imagine boarding a flight from a small city airport that barely existed a few years ago, that’s the kind of connectivity India is now aiming to expand. The Centre has given the green signal to UDAN 2.0, a revamped version of the Ude Desh ka Aam Nagrik scheme, with an outlay of over Rs 28,000…
The Middle East war has pushed global oil markets deeper into crisis, as Iran’s tightening grip over the Strait of Hormuz continues to squeeze energy supplies worldwide. These tensions could escalate further, with Iran warning it may completely shut the passage if the US targets its power plants. At the moment, for those considering alternative…
Around 80% of Qatar’s LNG exports are directed to Asia, but higher prices are forcing India to look for alternative supplies. (AI image) The US-Iran war has had far reaching implications beyond the immediate rise in global oil and gas prices. The Middle East conflict has led to hits on key energy infrastructure in Gulf…
Gold appears poised to extend its rally toward the 155,000 level in the upcoming sessions. (AI image) Gold and silver price prediction today: Gold and silver prices may sustain their up move in the coming sessions, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly…
Oil price today: Oil prices inched higher on Thursday, once again swinging past the $100 mark after a sharp drop in the previous session. Brent crude rose by $1.13, or 1.1%, to $103.35 a barrel by 0051 GMT, while US West Texas Intermediate crude gained $1.08, or 1.2%, to $91.40 a barrel. The rebound follows…
Strait of Hormuz (AP photo) Iran on Thursday said that, despite ongoing military escalation in the Middle East, it has allowed transit through the Strait of Hormuz for “friendly nations,” including India.The consulate general of Iran in Mumbai shared a statement from Iran’s foreign minister Abbas Araghchi, saying: “We have permitted passage through the Strait…
India has faced significant disruption to energy supplies routed through the Strait of Hormuz. (AI image) For the first time in several years, India has reportedly purchased liquified petroleum gas (LPG) from Iran after the Donald Trump administration granted a 30-day sanctions waiver to keep oil and gas prices in check. India had stopped energy…
MUMBAI: With credit growth at 14.5% outpacing deposit growth at 11.9% as of Feb 28, banks have stepped up reliance on certificates of deposit, with their share rising to 2.6% of total deposits, the highest in a decade, reflecting a widening structural gap between asset creation and liability mobilisation.The Indian banking system is navigating a…
NEW DELHI: After extensive consultation, govt has decided to retain the retail inflation target for the monetary policy committee at 4%. For the next five years, the tolerance band of 2-6% has also been retained, according to a notification issued by the finance ministry on Wednesday.The targets have been in place for 10 years now…
NEW DELHI: World Trade Organisation‘s ministerial meeting will kick off in Cameroon on Thursday, with reform of the 30-year-old multilateral body on top of the agenda of the US and European Union, while India will seek to push for farm trade reforms and retain the basic characteristics of the entity.At the meeting, which comes in…
