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New Delhi [India], April 2 (ANI): Crude oil prices could rise to USD 150 per barrel in an extreme scenario if the ongoing geopolitical tensions persist, potentially prompting global intervention, according to Vandana Bharti, Research Head - Commodity, SMC Global Securities. "After USD 130, USD 150, I think many political alliance, they will come forward and they will stop it... USD 150 is itself a very alarming situation and many things are happening... otherwise, it will be a mayhem," Bharti t ...Read More >
New Delhi [India], April 2 (ANI): Crude oil prices could rise to USD 150 per barrel in an extreme scenario if the ongoing geopolitical tensions persist, potentially prompting global intervention, according to Vandana Bharti, Research Head - Commodity, SMC Global Securities. "After USD 130, USD 150, I think many political alliance, they will come forward and they will stop it... USD 150 is itself a very alarming situation and many things are happening... otherwise, it will be a mayhem," Bharti t ...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], March 31 (ANI): The medical tourism industry has witnessed a slowdown in growth due to the ongoing West Asia conflict, which has triggered a price rise in plastic raw materials. Consequently, while supply chain costs are increasing, the impact on the price of new MRI machines is expected to be minimal. According to Dr. Harsh Mahajan, Mentor at FICCI Health Sector and Founder and Chairman of Mahajan Imaging and Labs, while MRI scan costs for patients are not expected to increa ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
Over the past six months, shares of Stallion India Fluorochemicals, a maker of refrigerants and industrial gases, have soared an astonishing 465%, turning the once-obscure company into one of India's most-watched midcaps. The rally reflects not just investor enthusiasm, but also a deeper shift underway in India's industrial gases and fluorochemicals sector -- one that's becoming critical to modern infrastructure, from data centres to electric vehicles. Much like technology, gases, too, are in t ...Read More >
In a groundbreaking achievement, India's Chandrayaan-2 has successfully made history by being the first to directly observe the influence of solar Coronal Mass Ejections on the Moon's delicate atmosphere. This pivotal discovery not only deepens our understanding of the lunar exosphere and the effects of space weather but also serves as a vital resource for future lunar exploration. The Chandrayaan-2 mission, launched in 2019, has made the first-ever observation of the effects of the Sun's Coron ...Read More >
New Delhi [India], October 19 (ANI): India's Chandrayaan-2 lunar orbiter on Saturday made the first-ever observation of the effects of the Sun's Coronal Mass Ejection (CME) on the Moon, with one of its scientific instruments, Chandra's Atmospheric Composition Explorer-2 (CHACE-2), onboard. Observations from CHACE-2 showed an increase in the total pressure of the dayside lunar exosphere (fragile atmosphere) when the CME impacted the Moon. The total number density (number of neutral atoms or mole ...Read More >
BENGALURU: Isro has successfully completed the development of the Service Module Propulsion System (SMPS) for the Gaganyaan human spaceflight mission, marking a milestone in the programme's progress. The qualification test programme concluded with a full-duration hot test of the SMPS that lasted 350 seconds. "The test, conducted on July 11, validated the propulsion system's integrated performance for an off-nominal mission profile involving a service module-based mission abort. The system perfor ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and na ...Read More >
Market-leading conglomerate stock of Mukesh Ambani rose by 2 percent after the acquisition of a 21 percent stake in US-based Wavetech Helium for $12 million. This strategic investment is expected to strengthen Ambani's portfolio in the global tech and energy sectors. In Friday's trading session, Reliance Industries Limited's share price reached an intra-day high of Rs.1,299.50 per share, representing a 2.2 percent rise from its previous close of Rs.1,270.80 apiece. The share has retreated since ...Read More >
Reliance Finance and Investments USA LLC, a subsidiary of Reliance Industries, acquired a 21% stake in US-based Wavetech Helium for $12 million (Rs 100 crore) on November 27, 2024. The investment aims to expand its low-carbon exploration business. Wavetech produces helium, crucial for various industries, including AI and semiconductor manufacturing. ...Read More >
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