Russia on Friday said it would not disclose details of Russia’s crude oil exports to India, citing security and geopolitical concerns amid heightened tensions in global energy markets, reported PTI.Kremlin spokesman Dmitry Peskov said Moscow would keep the figures confidential and would not release quantitative information about oil shipments to India.“No, of course, we’re not […]
As West Asia conflict rages on, India’s pharma exports stare at Rs 5K crore potential losses
Hyderabad: India’s pharmaceutical sector is staring at potential losses of Rs 2,500– Rs 5,000 crore if March exports to the Gulf Cooperation Council (GCC) and the wider West Asia and North Africa (WANA) are completely disrupted by the ongoing West Asia conflict, which is intensifying pressure on freight, shipping routes, and delivery schedules, according to […]
Noida airport update: Jewar airport gets DGCA aerodrome licence, what you need to know
The upcoming Noida International Airport in Jewar has received its aerodrome licence from the Directorate General of Civil Aviation (DGCA), clearing a key regulatory hurdle and bringing the project closer to the start of flight operations.The development was confirmed by Rakesh Kumar Singh, chief executive officer of Noida International Airport Limited (NIAL) and the Yamuna […]
US stocks today: Dow tumbles 900 points, S&P 500 and Nasdaq slide 1.6% as oil crosses $90; weak jobs data raise stagflation fears
US stocks fell sharply on Friday as surging oil prices and disappointing economic data fuelled concerns about a potential stagflation scenario, where slowing growth combines with rising inflation.The S&P 500 dropped 1.6%, while the Dow Jones Industrial Average fell 909 points, or 1.9%, to 48,338.36 as of 9:35 am Eastern Time, AP reported. The Nasdaq […]
Over 10 million barrels bought! Indian refiners buy Russian crude to counter Middle East oil supply shock; US gives 30-day waiver
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving […]
Forex kitty jumps $4.88 billion to all-time high of $728.49 billion: RBI data
India’s foreign exchange reserves surged $4.885 billion to an all-time high of $728.494 billion during the week ended February 27, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the country’s reserves had declined by $2.119 billion to $723.608 billion, PTI reported. The earlier record high stood […]
Stock market today: Which are the top losers and gainers on March 6- check list
Benchmark equity indices Sensex and Nifty fell sharply on Friday, retreating by more than 1 per cent after a brief recovery in the previous session as escalating tensions in West Asia and surging crude oil prices weighed on investor sentiment.The 30-share BSE Sensex declined 1,097 points, or 1.37 per cent, to close at 78,918.90. During […]
Turning back to Russian gas would be economically and politically wrong, says IEA chief
The head of the International Energy Agency (IEA) has cautioned Europe against returning to Russian gas supplies, warning that doing so would be both economically and politically misguided despite the current turmoil in global energy markets, according to a Reuters report.IEA Executive Director Fatih Birol said the ongoing Middle East crisis has prompted fresh debate […]
Rupee gains 2 paise to 91.62 after US allows Indian refiners to buy Russian oil
Rupee strengthened 2 paise to 91.62 against the US dollar on Friday after the United States announced a 30-day waiver allowing Indian refiners to purchase Russian oil. This move comes amid the ongoing war in West Asia and aims to ease pressure on global energy supplies.“This stop-gap measure will alleviate pressure caused by Iran’s attempt […]
US-Iran war impact: Emergency powers invoked, India asks refiners to step up LPG output to avoid cooking gas shortage – report
The government has also directed producers to supply LPG, propane and butane to state-run refiners. (AI image) Middle East crisis impact: The government has activated emergency provisions to ensure there is no shortage of liquefied petroleum gas (LPG) in wake of the ongoing US-Israel-Iran war that has hit India’s imports of the energy source. India, […]