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NEW DELHI: Defence minister Rajnath Singh on Monday chaired the 5th meeting of IGoM in Delhi to review the existing risks to energy supply chains and domestic availability of essential commodities in the wake of the conflict in West Asia.“I urge people to remain calm and avoid any kind of panic as the govt is…
Jennifer Lopez, the ‘IT Girl’ of Hollywood, dedicated a heartfelt note with deep gratitude on Mother’s Day. The 56-year-old shared the intricate, adorable details about her mother, Guadalupe Rodríguez, adding that her mother is the person whom the actress-singer calls late at night when she feels lost in the darkest places. Jennifer Lopez pens a…
Markets are expected to trade with caution this week as geopolitical tensions around the US–Iran situation and movements in crude oil prices continue to drive investor sentiment, analysts said. Traders will also keep a close watch on the rupee-dollar exchange rate and foreign fund flows, which are likely to add to market volatility, they added….
NEW DELHI: Prime Minister Narendra Modi on Sunday urged people to use petrol, diesel and gas “with great restraint”, saying reducing dependence on imported fuel would help India limit the impact of the ongoing war.Addressing a gathering in Hyderabad after virtually inaugurating and laying the foundation stone for projects worth around Rs 9,400 crore in…
State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…
Prolonged tensions in the Middle East are expected to keep crude oil prices elevated well into the coming years, according to Asian Development Bank Chief Economist Albert Park, who warned that the fallout could weigh on India’s growth and push up inflation.“With a higher oil price expectation, we actually have it as USD 96 per…
India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum…
Govt says fuel supply, prices stable despite global oil market turmoil The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the ongoing Middle East crisis, which has sharply disrupted global energy markets and shipping routes through the Strait of Hormuz.During an inter-ministerial media briefing, the government…
Air India has told employees that it does not anticipate layoffs despite mounting financial pressures linked to the Middle East conflict, while also directing teams to sharply reduce costs and suspend discretionary spending.During a townhall meeting on Friday, Air India chief human resources officer Ravindra Kumar GP assured staff that job cuts were not expected…
Iran is still reviewing the latest proposal from the United States, but a formal response is expected by Thursday.According to Al Jazeera, while there is no official deadline, Pakistani mediators are reportedly expecting Tehran’s response later today.The outlet quoted a lawmaker in the Iranian parliament and a former foreign minister as saying that Iran would…
