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NEW DELHI: Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 percent, at $96.71 a barrel at 06:25 a.m. Saudi time, while US West Texas Intermediate crude rose $2.60, or 2.75 percent, to $97.01 a barrel. However, analysts said market participants are hesitant to fully unwind pricing for geopolitical risk, and there is no clar ...Read More >
Ludhiana, Apr 9 (PTI) The country's merchandise exports are expected to register a fall of 2-3 per cent in 2025-26 due to global economic uncertainties, aggravated by the West Asia crisis, according to FIEO. Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may have led to a decline in shipments by 7-8 per cent in March. The joint attack launched by the US and Israel on Iran on February 28 severely disrupted the country's exports to West Asia, pushed up ...Read More >
Mumbai : Amid rising geopolitical uncertainty and continued disruptions in global fossil fuel supply chains, Avaada Group, one of India's leading integrated clean energy companies, today announced the next phase of its 'Infinite Clean Energy' campaign. Building on its earlier focus on powering the AI revolution with sustainable energy, this phase strategically shifts to supporting India's electric mobility transition. Avaada continues to anticipate and address evolving global energy challenges t ...Read More >
April 9 (Reuters) - British Foreign Secretary Yvette Cooper will say on Thursday that shipping through the Strait of Hormuz, which carries around a fifth of the world's oil and gas, must be toll-free, countering a push by Iran to control the vital waterway. Iran has said it wants to charge fees for ships to pass through the Strait of Hormuz. Before the U.S.-Israeli war with Iran, the strait was formally treated as an international waterway. Item 1 of 2 Britain's Prime Minister Keir Starmer a ...Read More >
MUMBAI: In a significant boost to India's energy security amid escalating tensions in West Asia, the India-flagged LPG carrier Green Asha docked safely at Jawaharlal Nehru Port Authority (JNPA) on Tuesday, becoming the first such vessel to reach the port since the outbreak of the ongoing conflict involving Iran, the United States and Israel.Carrying 15,400 tonnes of LPG, the vessel navigated the strategically critical Strait of Hormuz -- a chokepoint for global energy supplies -- before berthing ...Read More >
Mumbai: In a major development for India's energy supply chain, Jawaharlal Nehru Port Authority (JNPA) near Mumbai on Thursday received 'Green Asha,' an India-flagged LPG vessel that successfully navigated the strategically sensitive Strait of Hormuz. The vessel has docked at the liquid berth operated by BPCL-IOCL. The vessel carried approximately 15,400 tonnes of liquefied petroleum gas (LPG), a crucial fuel widely used for domestic and commercial purposes across India. Officials confirmed tha ...Read More >
NEW DELHI, April 9 : Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 per cent, at $96.71 a barrel at 0325 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.60, or 2.75 per cent, to $97.01 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest dec ...Read More >
NEW DELHI: The conflict in the Middle East is pushing India, which imports 80 percent of its oil and gas, to accelerate its shift to renewables, but the country is also dependent on imports for the minerals and rare earth metals needed to power its green transition. India aims to install 500 gigawatts of green energy capacity including solar, wind and hydropower by 2030, alongside expanding battery storage and electric transport. The country's latest climate goals, announced last month, also ai ...Read More >
New Delhi: India ranks third globally in renewable energy installed capacity, having surpassed Brazil in global rankings, Union minister Pralhad Joshi said on Wednesday.The minister for new and renewable energy said India had added a record 55.3 GW of non-fossil power capacity in 2025-26, taking the total to 283.5 GW. "This is the highest increase in any year," he said. Distributed renewable energy -- rooftop solar installations and solar pumps for irrigation -- has emerged as a significant comp ...Read More >
New Delhi: The government announced on Wednesday that, based on available inventory and scheduled LNG cargo arrivals, the overall gas allocation to fertiliser plants is being further enhanced by 5 per cent to reach approximately 95 per cent of their six-month average consumption, with effect from April 9. The announcement comes in the wake of the ceasefire between the US and Israel, which is expected to open up the Strait of Hormuz for ships stranded in the Persian Gulf to sail through with the ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed the two-week ceasefire between the US and Iran and called for unimpeded freedom of navigation and flow of commerce through the Strait of Hormuz, while hoping that lasting peace will return to West Asia. New Delhi said it continuously advocated that dialogue and diplomacy are essential to bring an early end to the hostilities. The conflict was triggered by US-Israeli strikes against Iran on February 28. India's reaction came hours after Iran an ...Read More >
More than 33GW of battery capacity approved for Turkish grid since 2022 compared with 12-13GW in Germany Turkey has given the green light to more batteries to buffer its electricity grid than any EU member state, a report has found, in a further sign of rich countries losing steam in the race to a clean economy. More than 33GW of battery capacity have been approved in Turkey since 2022, according to the climate thinktank Ember, while the total planned and operational capacity in European front ...Read More >
New Delhi, Apr 8 (PTI) Coal inventories at thermal power plants remained comfortable around 55 million tonnes as of Tuesday, sufficient for 24 days of uninterrupted power generation based on the average consumption over the last seven days, a senior coal ministry official said. The stock levels indicate "absolute no deficit" on the power generation side, coal Joint Secretary Sanjeev Kumar Kassi emphasised, allaying concerns over potential shortages amid rising summer demand. "Coal stock at the ...Read More >
BENGALURU -- Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on a permanent end to the war. Spot gold was up 1.7% at US$4,783.78 per ounce, as of 1123 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold futures for June delivery gained 2.7% to $4,812.60. The United States and Iran have agreed to a two-week ceasefire, subject ...Read More >
Rajasthan News: The Rajasthan government has announced that residents of the state would face no challenges to get LPG or PNG supplies starting from Akha Teej (Akshaya Tritiya) that falls on April 19, 2026. Sumit Godara, the state's Food and Civil Supplies Minister, commented that the state government is in full action mode to ensure that no wedding in the state is hampered due to non-availability of LPG or PNG supplies. The decision was taken after a high-level review meeting on the supply sy ...Read More >
New Delhi, Apr 8 (PTI) The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire an ...Read More >
New Delhi [India], April 8 (ANI): The domestic iron ore production sector will require an investment of USD 20-25 billion or more to achieve national steel production targets and ensure self-reliance, according to Vedanta Group Chairman, Anil Agarwal. He noted that this scale of capital expenditure is essential to ramp up production to 800 million tonnes, which is needed to support the overarching goal of producing 300 million tonnes of steel within the country. Agarwal said on X that at the cu ...Read More >
New Delhi: Global oil prices dropped sharply after Donald Trump announced a two-week ceasefire with Iran, easing supply concerns and triggering a positive reaction across financial markets. Sharp Fall in Crude Prices Brent crude prices fell significantly from around $109.77 to nearly $95 per barrel, while US West Texas Intermediate (WTI) crude also declined by almost $20 per barrel within minutes of the announcement. The sharp correction came as investors anticipated a normalization of oil su ...Read More >
"The use of nuclear weapons can never be justified", Rahul Gandhi said. With US President Donald Trump threatening that a whole civilisation will die on Tuesday night, Congress leader Rahul Gandhi said any language or action that contemplates the end of civilisation is unacceptable in the modern world and asserted that the use of nuclear weapons can never be justified. In a post on X, Gandhi said, "Wars are tragic, yet they remain a reality. Any language or action that contemplates the end of ...Read More >
Stating that the city had 15.20 lakh domestic piped natural gas (PNG) connections, Gujarat State Petroleum Corporation Ltd (GSPCL) Managing Director Avantika Singh stated that people applying for new connections by June 30 were eligible for a discount of Rs 500. "There are 15.20 lakh domestic PNG (piped natural gas) connections in Surat city. The government is in constant coordination with oil and gas companies to ensure that they do not face any problems in obtaining a regular gas supply. In a ...Read More >
Jaipur, April 7 (SocialNews.XYZ) A high-level review meeting on the supply system of domestic and commercial LPG cylinders in the state, along with the expansion of Piped Natural Gas (PNG) connections, was held on Tuesday at the Secretariat under the chairmanship of Food and Civil Supplies Minister Sumit Godara. Senior officials from the department and representatives of oil and gas marketing companies attended the meeting. Discussions focused on the current status of LPG supply across the sta ...Read More >
New Delhi/Mumbai, Apr 7 (PTI) The attainment of first criticality at the indigenously designed and built 500 MWe Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu was on Tuesday hailed as a "seminal moment" to help India move closer to realising the full potential of its nuclear power programme and providing long-term energy security. With the 500 MWe PFBR reaching criticality on Sunday to mark the initiation of a sustained nuclear chain reaction, India has officially entered the ...Read More >
NEW DELHI: The Indian Embassy in Iran issued a safety advisory urging its nationals to stay indoors and avoid military sites or upper floors of multi-storey buildings for the next 48 hours amid escalating US-Israel attacks. "In continuation of previous advisories, Indian nationals who are still in Iran must stay where they are for the next 48 hours, avoiding all electric, military installations and upper floors of multi-storey buildings, remaining indoors, and coordinating any highway movement ...Read More >
Mumbai, Apr 7 (PTI) Experts in the nuclear field on Tuesday hailed India's Prototype Fast Breeder Reactor (PFBR) attaining criticality, terming it a crucial step towards achieving energy security, and noted that very few countries have mastered this technology. They also said that the next step should be to make the technology more "robust" and build more Fast Breeder Reactors. India's 500 MW PFBR successfully attained first criticality (start of controlled fission chain reaction) on April 6. ...Read More >
India's Prototype Fast Breeder Reactor (PFBR) reaching criticality marks a significant advancement in the country's energy security. This achievement underscores India's competency in nuclear technology, positioning it uniquely in global energy innovation. The development paves the way for future advancements and potential scale-ups in India's nuclear power strategy. Experts in the nuclear sector celebrated India's achievement of criticality in its Prototype Fast Breeder Reactor (PFBR). This mi ...Read More >
New Delhi [India], April 7 (ANI): India's electric vehicle transition gathered pace in FY26, with total EV retail sales across two-wheelers, three-wheelers, passenger vehicles and commercial vehicles rising about 24.6 per cent year-on-year to around 24.52 lakh units, according to retail data shared by the Federation of Automobile Dealers Associations (FADA). The sharp rise in EV adoption comes at a time when crude prices are hovering around USD 100/barrel due to West Asia crisis. India remains ...Read More >
InCred Alternative Private Investments (InCred Alternatives) has closed its first special opportunities credit fund at a hard cap of Rs 1,500 crore, per an announcement. The close-ended Category II Alternative Investment Fund (AIF) - InCred Special Opportunities Fund-I - received commitments from domestic family offices, ultra-high-net-worth individuals, and international investors. "India's private credit market is at an early but decisive stage of institutionalisation and is very different f ...Read More >
The Securities and Exchange Board of India (SEBI) is planning a joint initiative to build the capacity of independent directors and strengthen corporate governance through collaboration with regulators, industry, professional bodies and academic institutions, Chairman Tuhin Kanta Pandey said. "SEBI will seek to embark on a joint initiative for capacity building of independent directors at scale with a view to further improve corporate governance," he said at the CII corporate governance summit ...Read More >
Indian LPG tankers in Hormuz: India got some relief on Monday as two more Indian-flagged LPG tankers safely crossed the conflict-hit Strait of Hormuz and continued their journey towards Indian ports. Officials said Green Sanvi is carrying 46,650 tonnes of cargo and is likely to reach an Indian port on April 7. Another ship, Green Asha, is carrying 15,500 tonnes and is expected to arrive on April 9. At a briefing, Mukesh Mangal, Additional Secretary in the Ministry of Ports, Shipping & Waterways ...Read More >
New Delhi, April 6 (SocialNews.XYZ) India's white‑collar job market closed the financial year on a strong note, with fresher hiring surging 16 per cent YOY, with growth distributed across both metro and non-metro markets, a report said on Monday. The report from Naukri said non‑IT sectors anchored job market expansion, led by hospitality with 21 per cent year‑on‑year growth, followed by BPO or ITES at 18 per cent, oil & gas and education each at 15 per cent, and real estate at 14 per cent. It ...Read More >
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