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New Delhi: Global economic growth is likely to face downward revisions while inflationary pressures may intensify amid escalating geopolitical tensions and supply disruptions, according to a recent report by SBI Research. The report, released ahead of India's upcoming Monetary Policy Committee (MPC) meeting, flagged growing uncertainties in the global macroeconomic environment, noting that "global GDP growth forecast have not seen revisions so far, but downward revision seems imminent." Also r ...Read More >
New Delhi [India], April 5 (ANI): Global economic growth is likely to face downward revisions while inflationary pressures may intensify amid escalating geopolitical tensions and supply disruptions, according to a recent report by SBI Research. The report, released ahead of India's upcoming Monetary Policy Committee (MPC) meeting, flagged growing uncertainties in the global macroeconomic environment, noting that "global GDP growth forecast have not seen revisions so far, but downward revision s ...Read More >
New Delhi: The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday. Addressing the press conference on the sidelines of a 'Chintan Shivir' session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap. The official also sta ...Read More >
New Delhi [India], April 2 (ANI): The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have agreed to form a coordination group to maximize their institutions' response to the energy and economic impact of the war in the Middle East. According to a joint statement by the organizations, the decision followed an assessment of the significant disruptions currently affecting global markets. "The Middle East war has caused major disruptions to ...Read More >
New Delhi [India], April 1 (ANI): Civil Aviation Ministry Joint Secretary Asangba Chuba Ao on Wednesday said that the government's decision to allow only a partial increase of 25% on Aviation Turbine Fuel (ATF) prices for domestic airlines provides "critical relief", and the move will "prevent a potential industry-wide crisis". "This morning, there was a very significant announcement by the Ministry of Petroleum and Natural Gas regarding prices of ATF, that is, aviation turbine fuel. The Indian ...Read More >
New Delhi: In a move to shield domestic air travel from a sharp global fuel shock, the government has capped the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines at 25%, despite international benchmarks संकेत a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes amid an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a steep rise in airfares, public sector oil market ...Read More >
India raised aviation turbine fuel (ATF) prices for domestic scheduled carriers across metros from April 1. The government said ATF prices were expected to surge over 100% due to global disruptions, but OMCs passed on only a 25% staggered hike to domestic airlines to limit the impact on fares, while non-scheduled operators and charters bear the full increase.The price of aviation turbine fuel (ATF) for domestic scheduled airlines has been increased across metro cities effective April 1, though t ...Read More >
New Delhi, March 30: Global oil prices surged sharply on Monday amid escalating tensions in West Asia, following the entry of Yemen's Iran-backed Houthi group into the conflict. International benchmark Brent crude futures rose as much as 3.66 per cent to an intra-day high of $116.70 per barrel, nearing a fresh 52-week high. US benchmark West Texas Intermediate (WTI) also climbed over 3 per cent to cross $103 per barrel. The latest spike in crude prices follows weekend missile launches by Houthi ...Read More >
New Delhi (IANS): Global oil prices surged on Monday as escalating tensions in West Asia intensified following the Yemen-based, Iran-backed Houthi group's entry into the conflict. International benchmark Brent crude futures jumped as much as 3.66 percent to an intra-day high of $116.70 per barrel, approaching a new 52-week high. Similarly, U.S. benchmark West Texas Intermediate (WTI) climbed over 3 percent to surpass the $103 per barrel mark. Weekend missile launches by Houthi forces targeting ...Read More >
Hyderabad (Telangana) [India], October 28 (ANI): India's petroleum and energy sector is undergoing a transformative expansion, poised to play a defining role in shaping the global energy future, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas, on Tuesday. Addressing the inaugural session of the Energy Technology Meet in Hyderabad today, he stated that India's energy journey reflects remarkable progress, driven by visionary policy frameworks, rapid innovation, and sustained invest ...Read More >
New Delhi [India], September 15: S&P Global Commodity Insights is pleased to host its first annual World Hydrogen India conference in New Delhi from September 25 to 26 this month, bringing together the nation's decision-makers and industry experts to examine regulatory frameworks, investment opportunities and technological innovations shaping India's hydrogen economy. Also Read | Is Huma Qureshi Engaged to Rumoured Boyfriend Rachit Singh? Engagement Buzz Heats Up After TIFF Debut - Here's Every ...Read More >
New Delhi [India], September 15: S&P Global Commodity Insights is pleased to host its first annual World Hydrogen India conference in New Delhi from September 25 to 26 this month, bringing together the nation decision-makers and industry experts to examine regulatory frameworks, investment opportunities and technological innovations shaping India hydrogen economy. With over 250 delegates expected to attend, the World Hydrogen India conference will address critical challenges and opportunities ...Read More >
NewsVoir New Delhi [India], September 15: S&P Global Commodity Insights is pleased to host its first annual World Hydrogen India conference in New Delhi from September 25 to 26 this month, bringing together the nation's decision-makers and industry experts to examine regulatory frameworks, investment opportunities and technological innovations shaping India's hydrogen economy. With over 250 delegates expected to attend, the World Hydrogen India conference will address critical challenges and o ...Read More >
New Delhi: When US President Donald Trump admitted on Fox & Friends that his 50% tariff on Indian purchases of Russian oil "caused a rift," he wasn't exaggerating. The move has unsettled Washington's closest strategic partnership in Asia, rattled global energy markets, and drawn sharp reactions from Moscow to Brussels. For Trump, it was a "big deal", a demonstration that he was willing to take bold measures to cripple Russia's energy trade. For India, it was a reminder that even "incredible fri ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil s ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil s ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The Ministry of Power has announced the launch of a task force to conceive the India Energy Stack, a pioneering initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country's energy sector. The India Energy Stack will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, the official statement said. As India charts its ...Read More >
MUMBAI, June 7: The Multi Commodity Exchange of India (MCX) said that it has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives, marking a significant milestone in the evolution of India's energy trading landscape. Backed by both SEBI and Central Electricity Regulatory Commission (CERC), this move aims to help power generators, distributors, and large consumers hedge price risks and manage volatility, MCX said in a filing with BSE. The El ...Read More >
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