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New Delhi [India], April 9 (ANI): Managing Director of Indraprastha Gas Limited (IGL), Kamal Kishore Chatiwal, on Thursday said the pace of piped natural gas (PNG) connections across India has become three times faster compared to the pre-war period (US-Iran war), with the industry targeting 30,000 new connections per day going ahead. "The connection that we used to have in the pre-war period has become three times faster in today's date. Earlier, it used to be 3-4 thousand in the entire India, ...Read More >
New Delhi [India], April 9 (ANI): Managing Director of Indraprastha Gas Limited (IGL), Kamal Kishore Chatiwal, on Thursday said the pace of piped natural gas (PNG) connections across India has become three times faster compared to the pre-war period (US-Iran war), with the industry targeting 30,000 new connections per day going ahead. "The connection that we used to have in the pre-war period has become three times faster in today's date. Earlier, it used to be 3-4 thousand in the entire India, ...Read More >
Hyderabad: A fire broke out at a house in Hyderabad's Red Hills on Thursday, April 9. Property worth Rs 9 lakh was gutted in the incident. The fire was caused by a short circuit. No injuries or casualties were reported in the incident. The family members and neighbours were evacuated by the firefighters. Speaking to Siasat.com, an official from the fire department said, "The fire occurred at 00:17 and we deployed one fire tender to douse the fire." A video shared on social media showed reside ...Read More >
New Delhi [India], April 9 (ANI): The consumer durable industry is navigating a challenging period where top-line growth is likely to be offset by thinning margins and regulatory shifts. Q4FY26 is expected to be a soft quarter for the sector, due to modest demand and rising input costs, noted a report by Centrum. The report estimated that the sector will see a 9 per cent year-on-year sales growth, reaching Rs 480 billion for the quarter. "For Q4FY26, we expect our coverage universe to see 9% Yo ...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 >
(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 >
Kolkata, Apr 8 (PTI) Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States ...Read More >
India's energy outlook improves as a ceasefire between Iran and the US brings down crude oil prices. The critical Strait of Hormuz is reopening, easing concerns over energy imports. India had faced supply disruptions for LPG and natural gas. Efforts are underway to free stranded Indian vessels. New Delhi, India's energy outlook brightened on Wednesday after a fragile ceasefire between Iran and the US triggered a sharp drop in crude prices and reopened hopes of supply normalization through the w ...Read More >
Sudipta Sen, the central figure in the multi-crore Saradha ponzi scheme, has been granted bail in his final cases by the Calcutta High Court, potentially securing his release after 13 years and marking a significant development in the Saradha scam investigation. Key PointsSudipta Sen, the key accused in the Saradha ponzi scam, has been granted bail by the Calcutta High Court in the remaining two criminal cases against him.Sen's bail in these cases paves the way for his potential release from ja ...Read More >
Kolkata: India may exceed RBI's GDP growth projection for 2026-27, the chairman of the Economic Advisory Council to the Prime Minister, S Mahendra Dev, said on Wednesday. Speaking at an interactive session with members of the Bharat Chamber of Commerce in Kolkata, he expressed confidence that the economy could achieve 7% growth against the RBI's projection of 6.9%."I am more positive about growth and hoping for 7%. Last year we achieved 7.6%, but many said it would not exceed 7%. Our economy has ...Read More >
MUMBAI: The Reserve Bank of India (RBI) said on Wednesday that its recent actions in the non-deliverable forward (NDF) market are temporary and aimed at curbing excessive currency speculation stemming from the West Asia conflict. The regulator, however, did not specify the duration of the operational curbs on lenders while indicating that the April 10 (Friday) deadline for banks to scale back their net open positions to $100 million would not be extended. "These measures are not in any sense s ...Read More >
Chennai: In a major trend reversal in price movements on the two-week ceasefire announcement, crude prices crashed 15 per cent and natural gas prices fell 3 per cent, while gold and silver rose by 2-4 per cent. Platinum and copper, too, gained from the development, while prices of some of the agricultural commodities like wheat and soyabean eased. Dollar index edged lower, and rupee made some gains. WTI crude plunged over 15% to below $95 per barrel after US President Donald Trump announced a t ...Read More >
Chandigarh [India], April 8 (ANI): Haryana Chief Minister Nayab Singh Saini on Wednesday announced a hike in the minimum wage for unskilled workers, increasing it from ₹11,257 to ₹15,220 per month. Following recommendations from an expert committee, the Cabinet approved the hike to support labourers. "Keeping these recommendations in view, the Cabinet discussed the matter today and decided to increase the minimum wage," said the Chief Minister. The Haryana CM also announced that the cabinet ha ...Read More >
Chennai: The announcement of a ceasefire in Iran has reversed trends in the commodity and currency markets. While gold, silver, platinum and copper have moved up, crude oil and natural gas prices have declined. The US dollar has weakened, and the rupee has made some gains. However, the reversal in commodity prices remains uncertain as the ceasefire and broader peace in West Asia lack clarity, says Jateen Trivedi, VP, Commodities and Currencies, LKP Securities. Q) The ceasefire announcement has ...Read More >
Mumbai, Apr 8 (PTI) Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate. According to the Clearing Corporation of India (CCIL), the 10-year benchmark bond yield ended 6.8984 per cent compared to 7.0443 per cent at the previous close. Even though bond yields have eased, the central bank, in the monetary policy report, has projected 10-y ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, the RBI is pro ...Read More >
Kolkata: The Calcutta High Court on Wednesday granted conditional bail to multi-crore Saradha ponzi scam accused Sudipta Sen in the last two of the 300-odd criminal cases against him, paving the way for his release from jail after 13 years. A division bench of the high court granted bail to Sen in two cases about the Barasat police station in the North 24 Parganas district of West Bengal. Sen has already been granted bail in all the other cases registered against him, including four criminal ca ...Read More >
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi Wednesday approved the proposal of the Department of Fertilisers for fixing the Nutrient Based Subsidy (NBS) rates worth Rs 41,534 crore for KHARIF Season, 2026 on Phosphatic and Potassic (P&K) fertilisers. The Kharif season stretches from April 1, 2026 to September 30, 2026. Speaking at the cabinet briefing, Union Minister Ashwini Vaishnaw said that under the Nutrient Based Subsidy (NBS) scheme for our 'Annadatas' and farmer ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 47 paise to close at 92.59 (provisional) 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 ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India on Wednesday said "excessive speculation" on the rupee prompted surprise actions on the currency front in the last fortnight, but clarified that its measures will not remain forever. "In the last few weeks of March, we have witnessed heightened volatility in the foreign exchange market. These measures are reactions to the specific market movements. They are not signalling any structural changes. These are not measures going to remain forever," Malho ...Read More >
New Delhi, Apr 8 (PTI) Silver prices soared by Rs 15,028 to Rs 2.46 lakh per kilogram in futures trade on Wednesday driven by strong global trends and increased investors' sentiment after US and Iran announced a two week ceasefire. On the Multi Commodity Exchange, the white metal for May delivery soared by Rs 15,028, or 6.5 per cent, to Rs 2,46,376 per kg from Tuesday's closing level of Rs 2,31,348 per kg. Silver prices saw a notable increase on Wednesday reflecting a strong demand amid rising ...Read More >
Mumbai, Apr 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, th ...Read More >
Consequently, the standing deposit facility (SDF) rate remains at 5 per cent and the marginal standing facility (MSF) rate and the bank rate remain at 5.5 per cent. The committee, which held its 60th meeting from April 6 to 8 under the chairmanship of RBI governor Sanjay Malhotra, also decided to continue with the neutral stance, the monetary policy statement released after the meeting said. Elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait o ...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 >
Mumbai, Apr 8: The Reserve Bank on Wednesday expectedly kept interest rates unchanged amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Israel-Iran conflict. The policy decision comes as a month and a-half-long West Asia conflict has disrupted energy supplies, shot up crude oil prices and created fiscal and inflationary pressures for import-dependent nations like India. This is the first monetary policy review after the government announced a fresh inflation targ ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday expectedly kept interest rates unchanged amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Isreal-Iran conflict. The policy decision comes as a month and a-half-long West Asia conflict has disrupted energy supplies, shot up crude oil prices and created fiscal and inflationary pressures for import-dependent nations like India. This is the first monetary policy review after the government announced a fresh inflation ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, w ...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 >
(RTTNews) - Indian shares are likely to open on an upbeat note on Wednesday after the U.S. and Iran agreed to a two-week ceasefire, contingent on reopening the Strait of Hormuz, sending oil prices crashing. The ceasefire calls for Israel and Hezbollah to halt fighting in Lebanon, while U.S. President Donald Trump said he was holding off on his threatened attacks on Iranian bridges and power plants. The two-week ceasefire plan includes allowing both Iran and Oman to charge fees on ships transit ...Read More >
Mumbai, April 7: The rupee depreciated 16 paise to close at 93.06 against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants wil ...Read More >
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