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NEW DELHI, April 7 (Reuters) - India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East due to the U.S.-Israeli war with Iran. At the same time India, the world's third-largest oil importer, also faces the risk of rising inflation and slower gr ...Read More >
Chennai (Tamil Nadu) [India], April 7 (ANI): Tamil Nadu Chief Minister M K Stalin on Tuesday criticised Maharashtra Chief Minister Devendra Fadnavis for linking the development of the Madurai Metro to the election of a Bharatiya Janata Party (BJP) MLA. Stalin's remarks came after Fadnavis, while filing the nomination of BJP candidate Rama Sreenivasan from Madurai ahead of the Tamil Nadu Assembly polls, claimed that the Metro project would reach the city only if the BJP candidate won. Also Read ...Read More >
Imphal: Two children were killed and their mother was injured in a bomb attack in Manipur's Bishnupur district on Tuesday, triggering protests by locals, police said. The incident occurred at around 1 am when a bomb was hurled by suspected militants at a house in Moirang Tronglaobi area, killing a 5-year-old boy and a six-month-old girl, a senior officer said. Chief Minister Y Khemchand Singh described the attack as a "barbaric act" and assured the people that those responsible for the crime wo ...Read More >
Bengaluru, Apr 7 (PTI) Congress on Tuesday accused the Union government of precipitating a "full-blown livelihood crisis" in Karnataka by mismanaging LPG and fuel supply, severely impacting auto drivers, small businesses and gig workers. In a joint statement, Karnataka Chief Minister Siddaramaiah, his deputy D K Shivakumar and Congress General Secretary, in charge of Karnataka, Randeep Singh Surjewala alleged that over five lakh auto drivers and lakhs of small hotel owners, vendors and delivery ...Read More >
New Delhi [India], April 7 (ANI): The Ministry of Petroleum and Natural Gas has conveyed that the daily quantity of 5 kg FTL (Free Trade LPG) cylinders allocated to each State for distribution to migrant labourers is being doubled. In its letter to the Chief Secretaries of all states and Union Territories, the Ministry stated that the increase is based on the average daily supply (number of cylinders) provided to migrant labourers during March 2 to 3, and is beyond the earlier limit of 20% ment ...Read More >
New Delhi: Amid recent rumours about LPG shortages in Keralam, top officials from oil marketing companies (OMCs) held an emergency review with the state government. Shri Sanjay Khanna, C&MD of BPCL, met the Chief Secretary to assess supply levels and preparedness. The meeting confirmed that stocks are sufficient and there is no reason for public concern. OMCs have taken multiple steps to keep LPG supply steady. These include global procurement of LPG, running refineries at higher capacity, and ...Read More >
Imphal, Apr 7 (PTI) Two children were killed and their mother was injured in a bomb attack in Manipur's Bishnupur district on Tuesday, triggering protests by locals, police said. The incident occurred at around 1 am when a bomb was hurled by suspected militants at a house in Moirang Tronglaobi area, killing a 5-year-old boy and a six-month-old girl, a senior officer said. Chief Minister Y Khemchand Singh described the attack as a "barbaric act" and assured the people that those responsible for ...Read More >
New Delhi: The Centre has decided to double the daily allocation of 5-kg free trade LPG (FTL) cylinders available for distribution to migrant labourers across states, according to an official communication. The Petroleum Ministry said in a notification that the enhanced allocation will be based on the average daily supply of cylinders provided to migrant workers. The revised allocation goes beyond the earlier cap of 20 per cent specified in the March announcement. The government also said that ...Read More >
Trump made the remark when asked about securing Iran's oil at a White House briefing, citing US actions in Venezuela to support his point. Washington DC: United States President Donald Trump on Monday (local time) suggested that his country could take control of Iranian oil as the conflict in the Middle East intensifies, terming it a potential outcome of the war. He said, "If I had my choice, I'm a businessman first." The US President's remark came when a media person asked him about securing I ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is expected to revise its inflation projections upward while flagging risks to GDP growth in its upcoming policy review, according to a report by PhillipCapital. The report said that "the latest available inflation projection is 4.1%, for the first half, i.e. April-September 2026" but added that "it will be revised upward, and the guidance for second half i.e. October-March may be issued." In the policy review meeting on 6 Febru ...Read More >
MUMBAI: Stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday as surging crude oil prices amid growing uncertainty about the fate of West Asia war dented investors' sentiment. Unabated foreign fund outflows also added to the gloom. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. From the 30-Sensex firms, InterGlobe Aviation, Eternal, Axis Bank, Mahindra & Mahindra, State Bank of ...Read More >
Mumbai: Stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday as surging crude oil prices amid growing uncertainty about the fate of West Asia war dented investors' sentiment. Unabated foreign fund outflows also added to the gloom. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. From the 30-Sensex firms, InterGlobe Aviation, Eternal, Axis Bank, Mahindra & Mahindra, State Bank of In ...Read More >
New Delhi [India], April 7 (ANI): The Ministry of Petroleum and Natural Gas has conveyed that the daily quantity of 5 kg FTL (Free Trade LPG) cylinders allocated to each State for distribution to migrant labourers is being doubled. In its letter to the Chief Secretaries of all states and Union Territories, the Ministry stated that the increase is based on the average daily supply (number of cylinders) provided to migrant labourers during March 2 to 3, and is beyond the earlier limit of 20% ment ...Read More >
New Delhi: Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump's Tuesday deadline to reopen the Strait of Hormuz to Iran. Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.87. Brent crude has witnessed a gain of over 60 per cent since the conflict began from $72. ...Read More >
Mumbai, April 7 (SocialNews.XYZ) The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 17 paise to 93.07 against the US dollar in early trade on Tuesday, weighed down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Forex traders said the USD/INR pair remains vulnerable to any flare-up in the US-Iran conflict, which in turn would push crude oil prices further. At the interbank foreign exchange market, the rupee opened at 93.05 against the US dollar, then lost gr ...Read More >
BENGALURU: Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his deadline of 8 p.m. EDT ...Read More >
Indian High Commissioner to Bangladesh met Bangladesh PM in Dhaka. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Indian High Commissioner Pranay Verma met Bangladesh PM Tarique Rahman in Dhaka on April 6, 2026 * Bangladesh Foreign Minister Khalilur Rahman will visit India before attending the Indian Ocean Conference * Discussions focused on bilateral cooperation aligned with national development priorities of both countries Did our AI summary help? Let us know. Switch To Be ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. West Texas Intermediate crude has hit $115 a barrel, gasoline prices in the US are up nearly 40% since late February, and Bitcoin is still trying to break through a wall it has failed to climb six times now. That is the world Bitcoin finds itself in on Monday as it briefly touched $69,550 -- a modest 3.30% gain that nevertheless sent shockwaves through the derivatives market. Ov ...Read More >
New Delhi [India], April 7 (ANI): The National Stock Exchange of India (NSE) announced a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on Platts physical spot market benchmarks. According to NSE, the exchange planned to initially launch Dated Brent Crude Oil (Platts) futures contracts based on the Platts Dated Brent benchmark. This development followed a collaboration with S&P Global Energy, which functioned as a provider of data and benchmark pri ...Read More >
Dehradun (Uttarakhand) [India], April 7 (ANI): Pankaj Gupta, President of the Industries Association Uttarakhand (IAU), said on Tuesday that industries in Uttarakhand are facing rising input costs and disruptions in exports due to the ongoing conflict in the Middle East. Speaking exclusively to ANI, Gupta said that the situation is affecting both supply chains and production costs. "The ongoing war in the Middle East is impacting both supply and input costs. On the input side, costs have increa ...Read More >
PALAKKAD: Accusing Prime Minister Narendra Modi and Chief Minister Pinarayi Vijayan of promoting centralised, personality-driven governance, Congress leader Rahul Gandhi on Monday alleged a "deliberate and strategic understanding" between the BJP and the CPM. Addressing a massive UDF rally at Fort Maidan in Palakkad under intense summer heat, Rahul argued that a lack of central action against Pinarayi -- despite sustained enforcement measures against opposition leaders elsewhere -- points to a ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
BENGALURU, - Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his deadline of 8 p.m. ...Read More >
NEW DELHI, April 7 (Xinhua) -- Amid supply disruptions in the wake of the situation in the Middle East, India has floated a global tender seeking to import 2.5 million metric tons of urea, officials said Monday. The state-run Indian Potash Limited has already issued a tender in this regard, with bids due by April 15. India relies on global markets to meet its demand for urea. The demand for the key crop nutrient is expected to increase as the monsoon sets in and the summer-sowing season begins ...Read More >
Mumbai: The rupee marginally climbed Monday after a session of range-bound trading in which dollar sales through unwinding of arbitrage positions by lenders ahead of the regulator-set April 10 deadline was met with demand for the US currency from importers and oil companies. The rupee ended Monday at 93.06/$, versus its Thursday close of 93.10/$. The rupee traded in the 92.80/$ to 93.10/$ range Monday amid unwinding of arbitrage trades by banks. "At these levels, dollar demand surged after oil ...Read More >
BENGALURU, April 7 (Reuters) - Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while U.S. West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has threatened to rain "hell" on Tehran if it fails to comply with his dea ...Read More >
Addressing the 'Dhanyavaad Evam Viksit Faridabad Rally' here, Saini said significant work has been carried out over the past 11.5 years in infrastructure, connectivity, industry, Smart City development, metro expansion and digital services. According to an official statement, the projects include the construction of a rest house at ₹50.61 crore, a dispensary-cum-chief medical officer office at ₹41.70 crore, laying of sewerage lines at ₹25 crore, and a school building in Old Faridabad at ...Read More >
New Delhi, April 6: The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday. A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, the Da ...Read More >
MUMBAI: Amid financial concerns flagged by Tata Trusts chairman Noel Tata regarding Tata Sons' new ventures, the businesses are now estimated to incur a combined loss of Rs 29,000 crore in FY26, sharply higher than an earlier projection of Rs 5,700 crore, according to internal estimates reviewed by TOI.Losses for the first nine months of FY26 have already reached Rs 21,700 crore, compared with Rs 16,550 crore for all of FY25, with Tata Digital, Air India, Tata Electronics, and Tejas Networks acc ...Read More >
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