Latest News, Updates & Breaking Headlines
Reserve Bank Governor Sanjay Malhotra has said the government may eventually have to raise petrol and diesel prices if the ongoing Middle East crisis continues for a prolonged period, PTI reported on Wednesday.Speaking at a conference in Switzerland on Tuesday, Malhotra said the disruption in oil and gas supplies due to the conflict and blockade…
NEW DELHI: AIADMK’s internal poltical turmoil deepened on Wednesday as party chief Palaniswami had removed the rebel leaders from their party posts. who supported Tamil Nadu CM Vijay on assembly floor.The political leaders removed include SP Velumani, C Ve Shanmugam, reported PTI.The disciplinary action followed an open rebellion within the party after the 2026 Tamil…
NEW DELHI: Air India on Wednesday announced the suspension and reduction of frequencies on 29 international routes between June and August 2026 amid the ongoing West Asia conflict, rising jet fuel prices and airspace restrictions across key regions.The airline said the temporary changes were aimed at improving operational stability and reducing last-minute inconvenience to passengers…
According to S&P Global, fears regarding net foreign investment outflows have been “somewhat overstated”. (AI image) India is handling global financial headwinds more effectively than the headline figures indicate, and concerns surrounding foreign capital outflows may be exaggerated, according to S&P Global Ratings.The observations come at a time when the Iran conflict has triggered an…
NEW DELHI: The ongoing West Asian crisis is a “live balance of payments stress test” for the country – directly impacting inflation, the exchange rate and the current account, chief economic advisor V Anantha Nageswaran said at the CII Annual Business Summit Tuesday. “Managing the current account credibly, financing it and preventing further currency depreciation…
The disruption in the Strait of Hormuz amid the Iran conflict has triggered a major disruption in the supply of bunker fuel for Asia, the heavy residual oil that powers most of the world’s cargo ships. It has raised concerns over higher freight costs, supply chain disruptions and rising consumer prices globally.Bunker fuel, a thick…
Union petroleum and natural gas minister Hardeep Singh Puri on Tuesday soothed concerns over energy supplies across the country, saying that fuel and cooking gas supplies remain stable. Addressing the CII Annual Business Summit, Puri said that the country currently holds crude oil and LNG reserves sufficient for 69 days, while LPG stocks can last…
The United Arab Emirates secretly entered the Middle East war and carried out attacks on Iran last month, the The Wall Street Journal reported, citing sources. This makes the UAE a new direct participant in the war alongside the US and Israel.According to the report, the attacks targeted a refinery located on Iran’s Lavan Island…
NEW DELHI: The central government is weighing emergency measures to bolster its foreign-exchange reserves amid the economic fallout from the US-Israel-Iran war, with officials considering steps such as raising fuel prices and restricting non-essential imports, including gold and electronic goods, Bloomberg reported citing people familiar with the matter.The report said that officials from the Prime…
NEW DELHI: Prime Minister Narendra Modi on Monday once again called for collective national efforts to reduce dependence on imports and strengthen India’s position in global supply chains, while urging citizens to avoid unnecessary spending of foreign currency during a period of global uncertainty.Speaking in Vadodara amid concerns over disruptions caused by the ongoing conflict…
