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Oil prices climbed further on Monday after the US administration signalled that the Middle East crisis may persist for several more weeks, raising concerns over prolonged disruptions to global energy supplies. Donald Trump also called on other countries to help secure the Strait of Hormuz — one of the world’s most crucial routes for oil…
Airlines like Air India, IndiGo, and Akasa Air announced fuel surcharge on both domestic and international flights, spiking airfares on all circuits and forcing many into panic booking of tickets for their future travel plans, reports Joy Sengupta. A travel firm representative told TOI, that air fares should drop when oil prices also drop. Source…
NEW DELHI: PM Narendra Modi on Sunday said political parties driven by selfish interests and arrogance have been targeting the position of Lok Sabha Speaker since 2014, when he first assumed office and Sumitra Mahajan occupied the chair, and accused them of being unable to digest the ascendancy of a new leader. “Some people with…
Rahul Dravid and VVS Laxman (Image credit: AFP) India’s win against Steve Waugh’s Australian team at the Eden Gardens was among the first steps into Sourav Ganguly becoming one of the defining captains in Indian cricket. On the 25th anniversary of the famous win, Ganguly spoke on how the Test sparked a much-needed transformation of…
“Spoon fed” Paul Skenes breaks silence after Bubba Chandler questions Pirates ace’s rapid rise to MLB spotlight (Image via Getty Images) Paul Skenes and Bubba Chandler created a funny moment that quickly caught fans’ attention. The Pittsburgh Pirates teammates were joking about Skenes’ fast rise in Major League Baseball, and Chandler did not hold back…
India’s imports of urea from China have climbed to their highest level in three years during the current fiscal, even as fertiliser shipments from Russia have also increased sharply, according to government data tabled in Parliament on Friday.In a written reply to the Lok Sabha, Minister of State for Fertilisers Anupriya Patel said India imported…
India is temporarily reverting to use of kerosene and alternate fuels such as coal and biomass for cooking as disruptions in Middle East strain LPG supply chains. The measures follow the effective shutdown of the Strait of Hormuz, a vital maritime corridor between Iran and Oman through which a large share of global oil and…
India’s purchases of Russian crude have surged about 50% in March as refiners move to secure alternative supplies amid disruptions to shipments from the Middle East due to the widening military conflict. Ship-tracking data showed imports rising to around 1.5 million barrels per day this month from 1.04 million bpd in February. India–the world’s third-largest…
As tensions in West Asia escalate, some cities are beginning to see disruptions in the supply of commercial LPG cylinders used by restaurants, hotels and food businesses. Industry bodies say the impact is already being felt in cities such as Bengaluru, Mumbai and Chennai, where eateries rely heavily on commercial cooking gas for daily operations….
Market participants are now awaiting the release of the US consumer price index for February, scheduled for Wednesday, as well as the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, due on Friday. Among other precious metals, spot silver rose 3 per cent to $89.60 per ounce. Platinum gained 1.2 per cent to…
