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NEW DELHI, April 8 (Reuters) - South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday. In its latest South Asia Economic Update, the bank said growth should recover to 6.9% in 2027, while the region would remain the fastest growing among emerging market and developing economies. The World Bank said the outlook was highly uncertain ...Read More >
New Delhi, Apr 5 (PTI) The Congress on Sunday alleged that Assam Chief Minister Himanta Biswa Sarma's wife possesses passports of three countries and that he concealed information about her properties, but the BJP leader "categorically rejected" the claims as "malicious" and "fabricated" and vowed to take legal action "within 48 hours". Targeting Sarma as the campaign peaks for the April 9 election in Assam, Congress' media and publicity department head Pawan Khera showed, at a press conference ...Read More >
New Delhi, April 1 (Reuters): Coal India's (COAL.NS), opens new tab sales in March grew for the first time in six months, the company said on Wednesday, indicating a ramp-up in coal stocks ahead of peak summer amid a shortfall in gas supply due to the U.S.-Israeli war against Iran. Coal India's offtake, or sales to customers, rose 0.7% to 69.5 million tons in March, despite a 1.5% drop in its provisional output to 84.5 million tons, the company said in a stock exchange filing. The state-run co ...Read More >
New Delhi, April 1 (Reuters): Indian fuel retailers raised jet fuel and commercial liquefied petroleum gas (LPG) prices on Wednesday, following a sharp spike in global prices due to the U.S.-Israeli war on Iran. India, the world's second-largest LPG importer, is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from cooking gas shortages. Domestic fuel retailers have raised prices of aviation turbine fuel by 8.6% to 104,927 rupee ...Read More >
New Delhi, March 31 (PTI): India's first Iranian crude oil cargo since 2019 may be headed towards a port in Gujarat, according to ship tracking data. Indian refiners have been looking to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington. "The Indo-Iranian oil trade has flickered back to life. Following the US administration's decision to grant a 30-day window for Iranian oil "on the water" due to regional conflict, the vessel Ping Shun is now en ...Read More >
Mumbai, Oct 16 (PTI) Benchmark BSE Sensex jumped by 862.23 points while Nifty closed near the 25,600 mark on Thursday, following across-the-board buying by investors triggered by a global stocks rally and US Fed rate cut hopes. The 30-share BSE Sensex jumped 862.23 points or 1.04 per cent to settle at 83,467.66 with 28 of its constituents ending higher and two with losses. During the day, it zoomed 1,010.05 points or 1.22 per cent to 83,615.48. The 50-share NSE Nifty surged 261.75 points or 1. ...Read More >
New Delhi, Jul 18 (PTI) Dismissing Kapil Sibal as an "average lawyer", Parliamentary Affairs Minister Kiren Rijiju on Friday said Parliament cannot be dictated by one MP's "personal agenda". Rijiju's attack came after Sibal said the opposition must not support any move by the government to impeach Justice Yashwant Varma till an inquiry is set up under impeachment proceedings against Justice Shekhar Yadav for his "communal" remarks. "I got information about Kapil Sibal's effort to protect someb ...Read More >
New Delhi, Jul 18 (PTI) Kapil Raj, a former ED officer who supervised the arrests of two chief ministers under the anti-money laundering law, has resigned from government service after serving for about 16 years. An order issued by the Ministry of Finance on Thursday said the "President of India was pleased to accept his resignation from the Indian Revenue Service (Customs and Indirect Taxes) with effect from July 17." The 45-year-old officer belonged to the 2009 batch of the IRS. Sources clos ...Read More >
Patna, Jul 17 (PTI) RJD leader Tejashwi Yadav, who has repeatedly drawn flak from the ruling NDA for consuming non-vegetarian food during Navratra and Saawan, on Thursday hit back at Union Minister Rajiv Ranjan, alias Lalan, for hosting a 'mutton party'. The feast was reportedly held in Lakhisarai district, which falls under the Munger Lok Sabha constituency, represented by Lalan -- a former national president of Bihar Chief Minister Nitish Kumar's JD(U). Speaking to PTI Video, Tejashwi said, ...Read More >
Jammu, Jul 17 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah listened to the concerns, grievances, and sector-specific demands of people and delegations on Thursday as part of his public outreach initiative. He commended the contributions of each delegation in their respective fields and assured appropriate follow-up on the issues raised. "Several deputations and individuals met Chief Minister Omar Abdullah at the public outreach office 'Raabita' in Jammu today, bringing forward various d ...Read More >
Mumbai, Jul 17 (PTI) The rupee declined 20 paise to settle at 86.12 against the US dollar on Thursday amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices. Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.93 against the US dollar and traded in the range of 85.80-86.13 during the ...Read More >
July 17 (Reuters) - India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, oil minister Hardeep Singh Puri said on Thursday. Earlier this week, U.S. President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days. ...Read More >
New Delhi, Jul 10 (PTI) The Congress on Thursday took a swipe at PM Narendra Modi after he returned home from his five-nation visit, saying that now that he is back, he could find time to visit Manipur, review why the Pahalgam terrorists are yet to be brought to justice and reflect on infrastructure collapses in his home state. The opposition party also said the PM could also, for a change, chair an all-party meeting to firm up the agenda for the forthcoming Monsoon session of Parliament. Prim ...Read More >
New Delhi, Jun 6 (PTI) Silver prices soared Rs 3,000 to hit another record high of Rs 1,07,100 per kilogram in the national capital on Friday amid buying rush by local jewellers and stockists. Gold prices were little changed on Friday as a stronger-than-expected jobs report countered support from lingering geopolitical uncertainty, while silver touched its highest since 2012. According to the All India Sarafa Association, the white metal bounced Rs 2,000 to hit a fresh peak of Rs 1,04,100 per ...Read More >
Mumbai, Jan 22 (PTI) The rupee appreciated 23 paise to close at 86.35 against the US dollar on Wednesday, supported by positive domestic equities and soft American currency index. Forex traders said the rupee is likely to witness high volatility with a negative bias ahead of key events in the global and domestic economic landscape. Moreover, the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank forei ...Read More >
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