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The Indian Steel Association (ISA) has formally approached the Odisha government to advocate for a prioritized allocation of iron ore for steelmakers based within the state. They want to make sure their expansion plans aren't derailed by shortages -- basically, raw material supply is the big risk hanging over the industry right now. On Tuesday, ISA's President and Member of Parliament, Naveen Jindal, led a group to meet Odisha Chief Minister Mohan Charan Majhi, to discuss the strategic necessity ...Read More >

India imports 50 per cent of its LNG stocks from the international market. New Delhi: Union Petroleum and Natural Gas Minister Hardeep Singh Puri is on a two-day visit to Qatar today and tomorrow amid concerns over energy supplies triggered by the Iran war. Why his visit matters India imports 50 per cent of its LNG stocks from the international market, oil economist Kirit Parikh said. Out of this, 40 per cent stocks are sourced from Qatar. However, much of India's imports have been severely ...Read More >

India's petroleum sector remains well supplied with LPG and crude inventories even amid the current geopolitical uncertainties, said Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas. Addressing a press conference on Thursday, Sharma said, "As you are aware, LPG supply has been affected due to the present geopolitical situation, and nearly 60% of the country's LPG requirement is met through imports. In view of this, domestic consumers have been prioritised, and 100% su ...Read More >

Principal Secretary-2 to the PM, Shaktikanta Das, highlights India's 7.8% average GDP growth as a blueprint for navigating global volatility. With global risks tilted to the downside due to frequent geopolitical shocks, India's experience offers a model of navigating volatility through structural reforms, policy discipline, and innovation, Principal Secretary-2 to the Prime Minister of India Shaktikanta Das said on Thursday. The global economy has been grappling with persistent shocks, includi ...Read More >

New Delhi: India's petroleum sector remains resilient despite ongoing geopolitical tensions impacting global energy supply chains, with the government asserting that domestic LPG and fuel availability remains stable and well-managed. Addressing a press briefing on Thursday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said that while international disruptions have affected imports, the government has taken proactive steps to shield domestic consumers. "Nearly 60 ...Read More >

Kolkata, Apr 9 (PTI) Air-conditioning and commercial refrigeration major Blue Star Limited expects around 20 per cent growth in volumes and about 25 per cent revenue growth this year, its managing director B Thiagarajan said on Thursday. He said the air-conditioning industry is currently facing a total cost impact of around 13 per cent, comprising 5 per cent from revised energy labelling norms and about 8 per cent due to higher raw material prices. "Out of this, the industry has already passed ...Read More >

New Delhi [India], April 9 (ANI): The Centre on Thursday said it has intensified monitoring of LPG supply across the country, conducting over 1.16 lakh raids so far and suspending around 53 LPG distributors for violations, even as it maintained that there is no shortage of domestic LPG. Speaking during the daily Inter-Ministerial Briefing on developments in West Asia, Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said strict enforcement measures are being undertaken to ...Read More >

New Delhi, Apr 9 (PTI) Oil Minister Hardeep Singh Puri will undertake a two-day visit to Qatar, India's largest supplier of liquefied natural gas and cooking gas LPG, which had halted supplies following the outbreak of the conflict in the Middle East. The visit on April 9-10 follows a tentative US-Iran ceasefire that has rekindled hopes of resumption of energy supplies from the region. "Union Minister for Petroleum & Natural Gas, Shri Hardeep S Puri, will be on an official visit to the State o ...Read More >

Mumbai, April 9: The equity markets witnessed renewed selling pressure on Thursday, with both benchmark indices closing in the red amid rising uncertainty in the ongoing Middle East conflict. The Nifty 50 index closed at 23,775.10, declining by 222.25 points or 0.93 per cent, while the BSE Sensex ended at 76,631.65, falling by 931.25 points or 1.20 per cent. Market experts attributed the decline to fading optimism around the ceasefire and renewed geopolitical tensions impacting investor sentimen ...Read More >

New Delhi [India], April 9 (ANI): The Centre on Thursday said it has intensified monitoring of LPG supply across the country, conducting over 1.16 lakh raids so far and suspending around 53 LPG distributors for violations, even as it maintained that there is no shortage of domestic LPG. Speaking during the daily Inter-Ministerial Briefing on developments in West Asia, Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said strict enforcement measures are being undertaken to ...Read More >

Mumbai (Maharashtra) [India], April 9 (ANI): The equity markets witnessed renewed selling pressure on Thursday, with both benchmark indices closing in the red amid rising uncertainty in the ongoing Middle East conflict. The Nifty 50 index closed at 23,775.10, declining by 222.25 points or 0.93 per cent, while the BSE Sensex ended at 76,631.65, falling by 931.25 points or 1.20 per cent. Also Read | Max Verstappen's F1 Retirement Speculation Intensifies Amidst Ongoing Red Bull Engineer Exit Rumo ...Read More >

Mumbai: Indian equity benchmarks declined on Thursday, snapping their five-day gaining streak, as rising oil prices and uncertainty around the US-Iran ceasefire weighed on investor sentiment. The Nifty closed 0.93 per cent lower, falling 222.25 points to settle at 23,775.10. The Sensex also slipped sharply, ending 1.20 per cent or 931.25 points down at 76,631.65. Commenting on Nifty technical outlook, experts said that the intraday charts showed price action remained range-bound with a slight ...Read More >

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 >

New Delhi, Apr 9 (PTI) Silver prices retreated by Rs 2,895 to Rs 2.37 lakh per kilogram in futures trade on Thursday, tracking weak global trends and profit booking after recent gains. On the Multi Commodity Exchange, the white metal for May delivery declined by Rs 2,895, or 1.21 per cent, to Rs 2,37,023 per kilogram in a business turnover of 5,793 lots. Analysts said silver witnessed selling pressure following a sharp rally triggered by easing geopolitical tensions in West Asia. Silver saw a ...Read More >

India shifts stranded LPG cargoes amid West Asia disruptions Green Asha, an India-flagged vessel carrying 15,400 tonnes of liquefied petroleum gas (LPG) that had successfully crossed the Strait of Hormuz earlier this week, arrived at Mumbai's Jawaharlal Nehru Port Authority (JNPA) on April 9, the port said in a statement. The arrival of the tanker is expected to boost India's efforts to secure adequate energy supplies. The port described the development as significant, coming amid the ongoing ...Read More >

New Delhi, Apr 6 (PTI) Silver prices jumped Rs 2,273 to Rs 2.34 lakh per kilogram in futures trade on Monday, tracking firm global trends amid geopolitical tensions in West Asia. On the Multi Commodity Exchange, the white metal for May delivery appreciated by Rs 2,273, or 1 per cent, to Rs 2,34,768 per kg. Analysts said the gains in silver prices came as investors tracked developments in West Asia following fresh warnings from US President Donald Trump over the Strait of Hormuz. Gaurav Garg, ...Read More >

Indian equity benchmarks - Nifty 50 and the BSE Sensex ended lower today, reversing a sharp rally seen in the previous session. The decline was triggered by renewed geopolitical tensions in the Middle East, rising crude oil prices, and persistent foreign investor outflows. Markets had surged on April 8 following news of a temporary two-week ceasefire agreement between the U.S. and Iran, raising hopes of de-escalation. However, sentiment quickly turned negative after reports claimed a breach in ...Read More >

Mumbai (Maharashtra) [India], April 9 (ANI): The equity markets witnessed renewed selling pressure on Thursday, with both benchmark indices closing in the red amid rising uncertainty in the ongoing Middle East conflict. The Nifty 50 index closed at 23,775.10, declining by 222.25 points or 0.93 per cent, while the BSE Sensex ended at 76,631.65, falling by 931.25 points or 1.20 per cent. Market experts attributed the decline to fading optimism around the ceasefire and renewed geopolitical tensio ...Read More >

New Delhi, April 9 (SocialNews.XYZ) India has consistently shown strong resilience during global crises, not just surviving them but transforming and emerging stronger each time, Shaktikanta Das, Principal Secretary to the Prime Minister, said on Thursday. Speaking at the AIMA National Leadership Conclave in the national capital, Das said that India's journey through turbulent times reflects its ability to grow despite challenges. "During every crisis, the country has not merely endured diffic ...Read More >

New Delhi [India], April 9 (ANI): Union Minister of Communications, Jyotiraditya M Scindia, stated that India will have more than a billion users of 5G by the year 2030. Speaking at AIMA's 11th National Leadership Conclave, the Minister highlighted that India became the second-largest mobile phone producer globally. "India had the fastest 5G rollout in the world. 500,000 towers, ₹450,000 crore worth of capex. In a short period of four years, 400 million consumers. And our 5G consumers will go ...Read More >

New Delhi [India], April 9 (ANI): An India-flagged LPG vessel 'Green Asha' carrying 15,400 tonnes of LPG has successfully crossed the Strait of Hormuz and reached Jawaharlal Nehru Port Authority (JNPA), marking a key milestone amid ongoing geopolitical tensions in West Asia. According to a government statement shared on social media, the vessel has moored at JNPA's liquid berth operated by BPCL-IOCL on Thursday. Also Read | David Miller in Tears: DC Batter Spotted Crying in Dressing Room After ...Read More >

New Delhi [India], April 9 (ANI): Anil Kumar Jain, Chairperson of the Petroleum and Natural Gas Regulatory Board (PNGRB), on Thursday said there has been a significant shift in consumer preference towards piped natural gas (PNG), with adoption rising rapidly across the country. In an exclusive conversation with ANI, Jain said that while compressed natural gas (CNG) continues to expand steadily across cities, PNG has witnessed a sharp increase in demand in recent months. Also Read | Ai+ Nova 2 ...Read More >

New Delhi, Apr 9 (PTI) India has been able to navigate the current global situation due to a matured democracy, diplomacy, diversification and decisive action, Union Minister Jyotiraditya Scindia said on Thursday. Speaking at an AIMA event, Scindia said Indian vessels have been moving through Strait of Hormuz to reach Indian shores. "...the current instability has sent shockwaves through the global system. Shockwaves that have disrupted supply chains, erupted geopolitical tensions. At the sam ...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 >

New Delhi [India], April 9 (ANI): Anil Kumar Jain, Chairperson of the Petroleum and Natural Gas Regulatory Board (PNGRB), on Thursday said there has been a significant shift in consumer preference towards piped natural gas (PNG), with adoption rising rapidly across the country. In an exclusive conversation with ANI, Jain said that while compressed natural gas (CNG) continues to expand steadily across cities, PNG has witnessed a sharp increase in demand in recent months. "In March, we connected ...Read More >

New Delhi [India], April 9 (ANI): An India-flagged LPG vessel 'Green Asha' carrying 15,400 tonnes of LPG has successfully crossed the Strait of Hormuz and reached Jawaharlal Nehru Port Authority (JNPA), marking a key milestone amid ongoing geopolitical tensions in West Asia. According to a government statement shared on social media, the vessel has moored at JNPA's liquid berth operated by BPCL-IOCL on Thursday. It stated, "Green Asha --an India-flagged LPG vessel that has successfully crossed ...Read More >

New Delhi [India], April 9 (ANI): Indian markets may be on the cusp of a significant upcycle, supported by improving macro fundamentals, earnings momentum, and policy support, noted a report by Morgan Stanley. The global financial services firm has projected a strong recovery in Indian equities in its latest India Equity Strategy Playbook. The report notes that "trailing performance, valuations, positioning and earnings all support a major recovery in Indian stocks over the coming months," add ...Read More >

New Delhi, Apr 9 (PTI) India has been able to navigate the current global situation due to a matured democracy, diplomacy, diversification and decisive action, Union Minister Jyotiraditya Scindia said on Thursday. Speaking at an AIMA event, Scindia said Indian vessels have been moving through Strait of Hormuz to reach Indian shores. "...the current instability has sent shockwaves through the global system. Shockwaves that have disrupted supply chains, erupted geopolitical tensions. At the sam ...Read More >

New Delhi [India], April 9 (ANI): Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas, on Thursday said that the LPG supply situation in the country remains normal, with vessels continuing to arrive via the Strait of Hormuz despite recent geopolitical tensions. Speaking with the media, Mittal said there is no shortage of LPG in the country, and domestic supplies are fully stable. Also Read | Ai+ PulseTab Price in India, Specifications and Features. "I don't see any problem anywher ...Read More >

New Delhi [India], April 9 (ANI): Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas, on Thursday said that the LPG supply situation in the country remains normal, with vessels continuing to arrive via the Strait of Hormuz despite recent geopolitical tensions. Speaking with the media, Mittal said there is no shortage of LPG in the country, and domestic supplies are fully stable. "I don't see any problem anywhere. All domestic supplies are at 100 per cent," he said, adding that aro ...Read More >
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