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Bhubaneswar: Leaders of the Communist Party of India (CPI) and the Bharatiya Khet Mazdoor Union (BKMU) staged a protest Wednesday, alleging a severe crisis in the supply of government-run LPG cylinders and accusing authorities of failing to address consumer hardship. Addressing the demonstration, CPI state Assistant Secretary Jayanta Das claimed that despite assurances from the Centre and the state government of no shortage, consumers are unable to obtain cooking gas even 24 days after booking. ...Read More >
Mumbai, Apr 9 (PTI) The rupee depreciated 17 paise to 92.71 against US dollar in early trade on Thursday as the fragile ceasefire and Iran's threat to step out of the talks if Israel kept bombing Lebanon kept investors wary. Forex traders said markets are in a wait-and-watch mode rather than strong directional positioning as the situation in West Asia remains fragile. Geo-Political uncertainty was still high amid Iran's threat to step out of the talks if Israel kept bombing Lebanon, keeping in ...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, Apr 9 (PTI) The World Bank has marginally raised India's growth projections for 2026-27 fiscal to 6.6 per cent and said that although GST rate cuts would boost consumer demands in the initial months of the fiscal, headwinds arising from the Middle East crisis could dent growth. The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody's Ratings. In its South Asia Economic Update report released on Wednesday, the World B ...Read More >
MUMBAI: Sandeep Ghosh has decided to swipe out of Visa after more than four years of steering the payments giant's operations across India and South Asia. Visa Inc. has announced that Sandeep Ghosh is stepping down from his role as group country manager for India and South Asia. The company confirmed that a successor has already been identified and will be announced shortly. Ghosh joined Visa in March 2022 and played a key role in expanding the company's digital payments footprint and strengthe ...Read More >
THOOTHUKUDI: Condemning the steep hike in raw material prices, safety match manufacturers have announced a factory shutdown from April 12 to 25 and urged the state and union governments to hold discussions with wholesale traders, alleging that illegal hoarding of raw materials has spiralled costs. The safety match industry employs nearly five lakh people and generates over Rs 800 crore in domestic trade, and Rs 600 crore in international trade. In the aftermath of the war in the Middle East, t ...Read More >
Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
(RTTNews) - Indian shares are seen opening a tad lower on Thursday as oil prices rebounded amid confusion over the U.S.-Iran truce terms. Uncertainty is growing around the ceasefire as both sides appear to be working with different versions of the peace proposal. Sporadic fighting continued throughout the Middle East, including in Lebanon, where Israel's military launched what it described as its most powerful attacks on Wednesday, killing hundreds of people and creating panic. Tehran, which ...Read More >
Gold prices in Chennai and Madurai climbed to a three-week high on Wednesday, tracking firm global cues as geopolitical tensions eased slightly following a ceasefire understanding between the United States and Iran. The softer US dollar further supported bullion demand in Asian trading, pushing rates higher across Indian markets. According to the latest data updated at 9:40am (IST) on Bullions website, 24-carat gold is priced at ₹15,373 per gram in both Chennai and Madurai. The rate for 22-car ...Read More >
External affairs minister S Jaishankar will visit Mauritius and the United Arab Emirates (UAE) this week to bolster bilateral relations. Jaishankar will travel to Mauritius on April 9-10 to participate in the Indian Ocean Conference and deliver the keynote address, the external affairs ministry said on Wednesday. Jaishankar will meet the leadership of Mauritius and review the entire spectrum of bilateral ties. He is also expected to hold discussions with counterparts from other participating n ...Read More >
Kalyan Jewellers posts 64% Q4 revenue growth driven by strong wedding and festive demand, with robust same-store sales and rising traction in its digital platform. Kalyan Jewellers on Tuesday said that it saw a consolidated revenue growth of 64% in the March quarter (Q4FY26), as wedding and festive demand remained strong. The disclosure was made in its latest business update for the period. The strong buying sentiment comes at a time when gold prices have remained volatile. Kalyan Jewellers is ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >
In an official statement, the Ministry of External Affairs said it has consistently advocated for de-escalation, stressing that "dialogue and diplomacy are essential to bring an early end to the ongoing conflict." The government underscored the broader humanitarian and economic impact of the conflict, noting that it has caused "immense suffering" and disrupted global energy supplies and trade networks. India reiterated its long-standing position that peaceful resolution through diplomatic chan ...Read More >
Srinagar, Apr 8: National Conference president and former Chief Minister, Dr Farooq Abdullah, today welcomed the ceasefire between the United States and Iran, saying that war is not a solution and warned that a prolonged conflict could have pushed the world towards a deeper global crisis. Click here to watch video Speaking to reporters here, the National Conference chief said dialogue remained the only viable path to peace, "war is not the solution to anything". "I would like to thank God tha ...Read More >
Srinagar, Apr 08: Political leaders in Jammu and Kashmir on Wednesday welcomed the two-week ceasefire between the United States and Iran, calling it a timely step that has eased global tensions after a 40-day conflict. Chief Minister Omar Abdullah, in a post on X, questioned the outcome of the conflict, asking what the United States had achieved despite weeks of confrontation. He pointed out that key routes like the Strait of Hormuz were already functional before the conflict, raising concerns ...Read More >
The decision comes amid efforts to ensure stable supply of LPG for industries. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The government directed states to allocate more LPG to key industrial sectors amid supply disruptions * Major industries will receive 70% of LPG based on pre-March 2026 consumption levels * Sectors like pharma, food, polymer, and agriculture will benefit from increased LPG supply Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
Minor International said the Middle East conflict is hurting its hotel bookings, with travel delays and cancellations expected to continue into the fourth quarter. However, the disruption is redirecting travellers, with India emerging as a preferred alternative destination. Hotels of Thailand headquartered Minor International are 'suffering' in the Middle East, but the conflict there could lead to an upward interest in India, said William E. Heinecke, founder and chairman of Minor International ...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 >
April 7 (Reuters) - Levi Strauss (LEVI.N), opens new tab on Tuesday raised its annual sales and profit forecasts after beating first-quarter estimates, as resilient demand for its premium denims and strength in its direct-to-consumer business helped offset a hit from U.S. tariffs. The jeans maker has been working to blunt the impact of higher U.S. import duties through a mix of price hikes, cost controls, supplier negotiations and a diversified sourcing base that is less reliant on China. In J ...Read More >
New Delhi: Civil Aviation Minister Ram Mohan Naidu on Wednesday announced a 25 per cent cut in landing and parking charges for domestic airlines at the country's airports so that airfares for passengers remain at affordable levels amid the rise in jet fuel prices in the wake of the Middle East conflict. The minister said that the measure is expected to reduce landing and parking charges payable by airlines at major airports during the three-month period by approximately Rs 400 crore. The Civil ...Read More >
New Delhi: India welcomed the ceasefire agreement between the US and Iran on Wednesday, expressing hope that the move will foster enduring stability in West Asia. In an official statement, the Ministry of External Affairs (MEA) reiterated that dialogue and diplomacy remain the only viable paths to ending the ongoing conflict. The MEA noted that the regional hostilities have caused immense human suffering and severely disrupted global energy supplies and trade networks. The diplomatic shift fol ...Read More >
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
New Delhi [India], April 8 (ANI): In a move aimed at curbing the sharp rise in domestic airfares amid the West Asia crisis, the Ministry of Civil Aviation has directed the Airports Authority of India (AAI) to reduce landing and parking charges at non-major airports. According to an official communication issued by the Ministry, AAI will reduce Landing and Parking Charges -- part of the aeronautical tariff -- at all its non-major airports by 25 per cent of the approved rate. The order states th ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in the health of ...Read More >
New Delhi: Pakistan's military led Field Marshal Asim Munir has been cutting personal deals under the guise of international diplomacy including New York's famed Roosevelt hotel at a time when the country sought to place itself as a peace mediator between Iran and the US. While Pakistan is trying to take credit and earn applause from certain quarters for acting as a "mediator", Egypt -- one of the pillars of the Arab world -- played a key role to achieve the ceasefire, ET has learnt. Cairo, giv ...Read More >
New Delhi [India], April 8 (ANI): Since the inception of the conflict in West Asia on February 28, after US-Israeli strikes killed Iran's supreme leader Ali Khamenei, around 7,88,000 passengers have travelled to India from the region as hostilities escalated, the Ministry of External Affairs (MEA) stated on Wednesday. Addressing an inter-ministerial briefing on recent developments in West Asia, MEA Spokesperson Randhir Jaiswal said flights continue from countries where airspace remains open, bu ...Read More >
NEW DELHI: Congress leader Jairam Ramesh on Wednesday (April 8) reacted sharply to the reported two-week ceasefire in the Middle East conflict, saying the development would be cautiously welcomed worldwide while questioning the Centre's handling of foreign policy. In a statement, Ramesh said, "The entire world will cautiously welcome the two-week ceasefire in the Middle East conflict between the US and Israel on the one side and Iran on the other," referring to ongoing hostilities involving the ...Read More >
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 >
India will lead South Asia's economic growth. The World Bank forecasts India's economy to expand by 7.6% in FY26. The region's overall growth is expected to slow initially but recover. However, global uncertainties and energy market disruptions pose risks. Countries need reforms to sustain growth and create jobs. Other South Asian nations show varied growth projections. World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, ...Read More >
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