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NEW DELHI: India is set to receive its first oil from Iran in seven years this week, after the US temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. The cargo on the Curacao-flagged very large crude carrier Jaya was purchased by state-run Indian Oil Corp IOC and is heading to India's east coast, the data showed. Indian Oil, the country's top refiner, did not immediately respond to a Reuters ema ...Read More >
NEW DELHI, April 8 (Reuters) - India is set to receive its first oil from Iran in seven years this week, after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. The cargo on the Curacao-flagged very large crude carrier Jaya was purchased by state-run Indian Oil Corp .NS> and is heading to India's east coast, the data showed. Indian Oil, the country's top refiner, did not immediately ...Read More >
MUMBAI: The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and higher inflation as the Middle East crisis reverses a "Goldilocks" phase for the South Asian economy. Overnight, the U.S and Iran announced a two-week ceasefire in hostilities after more than a month of fighting, which pushed oil prices sharply higher and disrupted the supply of gas to economies the world over. India, which imports 90% of its oil supplies, is seen as among the mo ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the dollar in FY27. The central bank has made the projections in the bi-annual Monetary Policy report released on Wednesday. The crude oil price assumption has been upped to USD 85 per barrel during FY27, from USD 70 per barrel during H2FY26. It also increased exchange rate projections to 94 against the US dollar during FY27, from 88 a ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies soared on Wednesday, with HPCL climbing 9 per cent, as crude oil prices retreated sharply to fall below the USD 100 mark after the US and Iran announced a two-week ceasefire. Brent crude, the global oil benchmark, dropped 14.03 per cent to USD 93.87 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9 per cent to Rs 361.35 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 8.83 per cent to Rs 30 ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central bank's six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and di ...Read More >
New Delhi: 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 and reopening o ...Read More >
Imphal, Apr 8: The situation remained tense but calm across five valley districts in Manipur on Wednesday, with curfew, internet suspension and heavy police deployment in place. No fresh violence was reported this morning, but clashes between security forces and protesters broke out late on Tuesday in some places in Imphal East and West districts, prompting the police personnel to fire tear gas shells to disperse the demonstrators, a senior police officer said. They also burnt tyres on the str ...Read More >
JAIPUR: Amid ongoing geopolitical tensions involving Iran, the United States, and Israel, which have triggered concerns over petroleum and gas supply, Rajasthan is set to receive a major boost with the inauguration of the Pachpadra Refinery on April 21. Prime Minister Narendra Modi is scheduled to visit Pachpadra in Balotra district to inaugurate the refinery, which has been constructed at an estimated cost of ₹80,000 crore. The programme received formal approval during Chief Minister Bhajanlal ...Read More >
New Delhi: The United States and Iran have agreed to a two-week ceasefire, a breakthrough that officials suggest was quietly directed by Beijing's growing diplomatic guidance. While Pakistan has emerged as the primary mediator for the upcoming negotiations in Islamabad, according to US President Donald Trump, it was Beijing that helped get Tehran to the negotiating table. The proposal, which emphasises an immediate cessation of hostilities, the reopening of the Strait of Hormuz, and a long-ter ...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 >
Ahmedabad (Gujarat) [India], April 8: Greendot Biopak Pvt. Ltd., a globally recognised material science company in the sustainable packaging space, is strengthening its focus on 100% bio-based & home compostable aqueous barrier coating and coated paper and paperboard packaging solutions for India and global foodservice markets. The company is deepening its work in this area as brands, converters and foodservice businesses look for alternatives to conventional single-use plastic products and disp ...Read More >
New Delhi: As US President Donald Trump pulled back on his threats to launch devastating strikes on Iran late Tuesday, as the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz, key nations have issued a wave of cautious support. The pause in hostilities, mediated in part by Pakistan, comes just as a devastating "total destruction" deadline set by U.S. President Donald Trump was set to expire. The reaction from Australia, Japan, Malaysia, and New Z ...Read More >
BusinessWire India Ahmedabad (Gujarat) [India], April 8: Greendot Biopak Pvt. Ltd., a globally recognised material science company in the sustainable packaging space, is strengthening its focus on 100% bio-based & home compostable aqueous barrier coating and coated paper and paperboard packaging solutions for India and global foodservice markets. The company is deepening its work in this area as brands, converters and foodservice businesses look for alternatives to conventional single-use plast ...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 >
New Delhi, April 8 (SocialNews.XYZ) Global crude oil prices on Wednesday plunged sharply up to 20 per cent, after US President Donald Trump announced a two-week ceasefire with Iran that includes a pledge to restore navigation through the Strait of Hormuz -- the narrow waterway at the heart of the world's most acute energy crisis in decades. The international benchmark Brent crude futures shed nearly 16 per cent or $17.39 to $91.88, hitting an intraday low, while US WTI crude declined almost 20 ...Read More >
CUTTACK: Even as the shortage of LPG cylinders has already led to a surge in illegal hoarding and black marketing, the alleged slack enforcement by authorities concerned have also pushed up incidents of unauthorised refilling and adulteration, especially by staff of various gas agencies. On March 25, Bidanasi police arrested a gas delivery agent Dhruba Charan Behera of Alisha Bazar after he was found involved in illegal refilling of LPG cylinders using unsafe methods like heating them and trans ...Read More >
Mumbai, Apr 8 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Wednesday following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,775.73 points or 3.71 per cent to 77,392.31 in early trade. The 50-share NSE Nifty surged 815.2 points or 3.52 per cent to 23,938.85. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices retreated sharply on Wednesday crashing by 6 per cent to hit their lower circuit level in futures trade, tracking weak global benchmarks after the US and Iran announced a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil futures for the April delivery slumped by Rs 640, or 6 per cent, to Rs 10,029 per barrel -- its lower circuit limit. Similarly, the May contract declined by Rs 565, or 6 per cent, to Rs 8,860 per barrel, also hitting i ...Read More >
NEW DELHI: India, the world's second-largest sugar producer, has no plans to curb sugar exports, Food Secretary Sanjeev Chopra said on Tuesday (April 7), as a fall in domestic consumption partly offset lower-than-expected output. The South Asian country has allowed exports of 1.59 million metric tonnes on the assumption production would exceed local demand. However, output is projected to fall below consumption for a second consecutive year due to weaker cane yields in the biggest producing st ...Read More >
Lucknow (Uttar Pradesh) [India], April 8 (ANI): Shia Markazi Chand Committee president Syed Saif Abbas Naqvi on Wednesday congratulated the world for two weeks ceasefire announced by US President Donald Trump, saying that Iran put a stop to a hooligan who was spreading terror in the entire world. Speaking to ANI, Naqvi congratulated everyone and said Iran has won. "I congratulate everyone. Iran has won. This is good news for the world that Iran put a stop to a hooligan who was spreading terror ...Read More >
Lucknow (Uttar Pradesh) [India], April 8 (ANI): Following the agreement of a two-week "double-sided" ceasefire between the US and Iran, General Secretary of the All India Shia Personal Law Board (AISPLB), Maulana Yasoob Abbas, on Wednesday congratulated Iran on its "victory." Speaking to ANI, Abbas stated that the US used to think of itself as a "superpower"; however, on the 40th day of the war, it has lost, along with Israel, while Iran has won. "The US used to think of itself as a superpower. ...Read More >
Jaipur, April 8 (SocialNews.XYZ) Prime Minister Narendra Modi will visit Rajasthan on April 21 to inaugurate the Pachpadra Refinery in Balotra, a greenfield refinery and petrochemical complex. Sharing this information on his official 'X' handle, Chief Minister Bhajanlal Sharma expressed pride over the Prime Minister's visit to the state. He stated that it is a matter of great honour that Prime Minister Narendra Modi is coming to the land of Rajasthan to dedicate this significant project." "It ...Read More >
MUMBAI, April 8 (Reuters) - The Indian rupee is set to open higher on Wednesday in the run‑up to the central bank's policy decision, buoyed by plunging oil prices and the rally in Asian currencies after a two‑week Middle East ceasefire. The rupee is likely to open in the 92.40-92.50 range versus the U.S. dollar, having settled at 93.0075 on Tuesday. Brent crude June futures plunged nearly 14% to $94.10 a barrel, U.S. equities rallied more than 2%, while South Korean and Japanese shares climbed ...Read More >
New Delhi: The chain of events that averted a global catastrophe unfolded with dramatic speed on Tuesday. It began with President Donald Trump issuing a final ultimatum, threatening to launch devastating strikes against Iran's energy infrastructure and warned that a "whole civilization" was at risk if Tehran did not capitulate by his midnight deadline. As the clock ticked down to within two hours of the deadline, a diplomatic breakthrough was reached through the mediation of Pakistan. The Trump ...Read More >
Manipur govt has ordered a suspension of internet and mobile data services -- including broadband, VSATs, and VPNs -- in five valley districts for three days. Fresh violence erupted once again in Manipur after suspected Kuki-Zo militants launched a bomb attack on a civilian house, killing two children in Moirang Tronglaobi village in Bishnupur district. The attack occurred around 1 am on Tuesday when a bomb was hurled at the house while the family was sleeping. A five-year-old boy and his six- ...Read More >
New Delhi: National Security Advisor Ajit Doval hosted Bangladesh Foreign Minister Khalilur Rahman for a dinner meeting on Tuesday, hours after the latter landed in New Delhi for a three-day visit aimed at repairing bilateral ties following more than 18 months of heightened diplomatic tension. It is the first high-level visit to India by a senior member of the new Bangladesh Nationalist Party government led by Prime Minister Tarique Rahman that came to power in February following the parliament ...Read More >
New Delhi [India], April 8 (ANI): Asian stock markets spiked on Wednesday morning after the news of a two-week ceasefire between the United States and Iran. Oil prices fell sharply following the de-escalation of military tensions in the Middle East and the promised reopening of the Strait of Hormuz. Japan's Nikkei 225 led the rally with a 5.28 per cent surge, up by 2,822.44 points, while South Korea's KOSPI rose 5.61 per cent or by 308.11 points. India's GIFT NIFTY also climbed over 3 per cent ...Read More >
NEW DELHI: Crude oil prices in the international market dropped sharply following the announcement of a ceasefire by the United States in the ongoing West Asia conflict. Brent crude prices fell by more than 13%, trading at $94.94 per barrel -- down 13.62% or $14.88 -- at 7:04 AM Indian Standard Time. Meanwhile, US WTI crude declined by 14.60%, or $16.49, to $96.46 per barrel. The conflict, now in its 35th day, had pushed crude prices to nearly double their pre-war levels. Brent crude, which w ...Read More >
New Delhi [India], April 8 (ANI): Asian stock markets spiked on Wednesday morning after the news of a two-week ceasefire between the United States and Iran. Oil prices fell sharply following the de-escalation of military tensions in the Middle East and the promised reopening of the Strait of Hormuz. Japan's Nikkei 225 led the rally with a 5.28 per cent surge, up by 2,822.44 points, while South Korea's KOSPI rose 5.61 per cent or by 308.11 points. India's GIFT NIFTY also climbed over 3 per cent ...Read More >
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