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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) External Affairs Minister S Jaishankar will on Thursday embark on a four-day visit to Mauritius and the United Arab Emirates (UAE) to discuss ways to bolster bilateral ties. In the first leg of his trip, Jaishankar will travel to Mauritius to attend the 9th Indian Ocean Conference and review the entire spectrum of bilateral ties. The external affairs minister will meet the leadership of Mauritius and review the entire spectrum of bilateral ties, the Ministry of External ...Read More >
New Delhi: Lashing out at the government, the Congress on Wednesday (April 8) said that Pakistan's role in bringing about the ceasefire between the United States and Iran constitutes a "serious setback" to Prime Minister Narendra Modi's "highly personalized diplomacy" and that "the so-called Vishwaguru is completely exposed". The opposition party also said that "Prime Minister Modi's cowardice is demonstrated by his silence not only on Israel's belligerence, but also on the totally unacceptable ...Read More >
NEW DELHI: The government has doubled the daily quota of market-priced 5-kg LPG cylinders for migrant workers as part of a broader push to stabilise fuel supplies amid disruptions linked to tensions around the Strait of Hormuz. Unlike the subsidised 14.2-kg cylinders that are used in household kitchens for cooking, the 5-kg bottles are priced at market rates. A 5-kg cylinder costs Rs 549 in Delhi as against the Rs 913 price for a 14.2-kg domestic cylinder. The 5-kg cylinders are available acro ...Read More >
NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a series of decisions with a combined financial implication of over Rs 1.74 lakh crore, including an increase in Nutrient Based Subsidy (NBS) on fertiliser rates for the Kharif season by Rs 4,317 crore. The cabinet also approved two Hydroelectric projects in Arunachal Pradesh worth Rs 40,000 crore, the second phase of Jaipur Metro (42 Kms) with an outlay of Rs 13,000 crore and an upward cost revision to ...Read More >
Kanpur (Uttar Pradesh) [India], April 8 (ANI): Samajwadi Party chief Akhilesh Yadav slammed Bharatiya Janata Party (BJP) over Pakistan's role in the US-Iran ceasefire, saying that it "ruined our foreign policy." "The BJP has ruined our foreign policy. There was a time when it seemed like India would become the world guru, but Pakistan is strengthening its foreign policy at the international level. India appears weak in foreign policy. The dream of becoming the world guru is an opportunity that ...Read More >
New Delhi [India], April 8 (ANI): The Ministry of Petroleum, in a press conference on Wednesday, said that there is sufficient availability of Liquefied Petroleum Gas and other fuels such as petrol and diesel despite tensions in West Asia, and the government has ensured consistent supply throughout the crisis by prioritising domestic consumers for the supply of LPG. During the inter-ministerial briefing, Sujata Sharma, General Secretary, Ministry of Petroleum and Natural Gas, added that commerc ...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) Indian scheduled commercial banks' gross non-performing assets (NPAs) ratio declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday. Gross NPAs -- which represents the proportion of loans unpaid for over 90 days -- for the banking system had stood at 2.5 per cent in the year-ago period, as per the bi-annual Monetary Policy Report released by the central bank. The improvement in asset quality was across sectors, including retail loans, services, i ...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 [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan ...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 >
New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed the two-week ceasefire between the US and Iran and called for unimpeded freedom of navigation and flow of commerce through the Strait of Hormuz, while hoping that lasting peace will return to West Asia. New Delhi said it continuously advocated that dialogue and diplomacy are essential to bring an early end to the hostilities. The conflict was triggered by US-Israeli strikes against Iran on February 28. India's reaction came hours after Iran an ...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 >
Bhubaneswar: A joint team of officials from Food and Supplies department, Bhubaneswar Municipal Corporation (BMC) and police seized a large number of LPG cylinders during a raid in Odisha's capital city on Wednesday. The gas cylinders were secretly stored inside a wood depot in Samanatarapur area. Supply officials confirmed that 10 filled domestic LPG cylinders, around 60 empty cylinders and 17 empty 5kg cylinders were found, though the number is expected to rise as the counting continues. The ...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: Amid a fragile truce in West Asia, Reserve Bank of India Governor Sanjay Malhotra has said the central bank does not expect any immediate disruption to remittance flows due to the Iran war, and indicated that post-war reconstruction demand could, in fact, support inflows. "We are not anticipating a dent to remittances if the crisis is going to be resolved very soon," Malhotra said when asked about the potential impact of the conflict. West Asia, led by the six GCC countries, remains the ...Read More >
New Delhi [India], April 8 (ANI): Additional Secretary in the Ministry of Ports, Shipping and Waterways Mukesh Mangal, on Wednesday, said that all Indian seafarers in West Asia remain safe and maritime operations continue without disruption. He addressed a media briefing in the national capital, outlining key initiatives and developments undertaken by the Ministry of Shipping. Also Read | Assembly Elections 2026: Over 6.1 Crore Voters to Decide Fate of 296 Seats on April 9 Across Assam, Kerala ...Read More >
New Delhi, Apr 8 (PTI) The war in West Asia is aiding demand for luxury electric vehicles driven by concerns over fuel prices among customers, BMW Group India President and CEO Hardeep Singh Brar said on Wednesday. The German luxury carmaker has increased its EV sales in India to 26 per cent of its overall sales in the first quarter of 2026 as compared to 21 per cent in the year-ago period, Brar told PTI. BMW Group India posted its highest-ever Q1 car sales, with 4,567 units in the first quart ...Read More >
New Delhi, Apr 8 (PTI) Investors' wealth swelled by Rs 16.25 lakh crore on Wednesday, mirroring a sharp rally in the stock market where the BSE Sensex jumped nearly 4 per cent, after the US and Iran announced a two-week ceasefire. Rising for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 points or 3.95 per cent to settle at 77,562.90, registering its best trading day in five years. During the day, it surged 3,018.96 points or 4 per cent to 77,635.54. Thanks to the sharp rally ...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 >
New Delhi [India], April 8 (ANI): The Ministry of External Affairs (MEA) on Wednesday expressed India's support for the recently brokered ceasefire in the Middle East, emphasising that New Delhi has "continuously advocated" for a cessation of hostilities to ensure regional stability. Addressing an inter-ministerial briefing in the national capital, MEA spokesperson Randhir Jaiswal said, "We welcome the ceasefire reached and hope that it leads to a lasting peace in West Asia as we have continuou ...Read More >
New Delhi, Apr 8 (PTI) Taking a swipe at the government, the Congress on Wednesday said the role played by Pakistan in bringing about the ceasefire between the US-Israel and Iran is a "severe setback" to Prime Minister Narendra Modi's "highly personalised diplomacy" and asked what happened to "papa ne war rukwa di". The opposition party also asked why Modi, who claims very special friendship with the US, Israel, Iran, and the Gulf countries and who also holds the BRICS plus presidency this year ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. Also Read | Nancy Guthrie Missing Case: Tipster Claims Missing Mother of Savannah Guthrie Is in Mexico's Sonora. While I ...Read More >
Gurugram (Haryana) [India], April 8 (ANI): After tensions in West Asia rattled global oil markets, India's luxury carmakers are seeing an unexpected beneficiary, electric vehicles. Also Read | Sanju Samson Gifts New Smartphone Worth INR 40,000 to Fan After Noticing Broken Screen on His Old Mobile. BMW Group India says the ongoing geopolitical turmoil is driving a measurable shift in buyer sentiment towards EVs, and the numbers are backing it up. BMW Group India posted its highest-ever first-q ...Read More >
Hyderabad (Telangana) [India], April 8 (ANI): Following the announcement of a ceasefire between the US and Iran for two weeks, AIMIM chief Asaduddin Owaisi on Wednesday alleged that India's shift away from its "impartial" stance has hindered its ability to act as a mediator in the West Asia conflict. Speaking to ANI, Owaisi described the ceasefire as "delicate", asserting that India holds weight in global politics, citing a long-standing legacy of calling for peace in major conflicts. "India i ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. While India's total automobile market has grown by around 17 per cent in the January-March Quarter, the luxury car segmen ...Read More >
New Delhi, Apr 8 (PTI) Coal inventories at thermal power plants remained comfortable around 55 million tonnes as of Tuesday, sufficient for 24 days of uninterrupted power generation based on the average consumption over the last seven days, a senior coal ministry official said. The stock levels indicate "absolute no deficit" on the power generation side, coal Joint Secretary Sanjeev Kumar Kassi emphasised, allaying concerns over potential shortages amid rising summer demand. "Coal stock at the ...Read More >
NEW DELHI: India on Wednesday welcomed a two-week ceasefire between the US and Iran and called for "de-escalation, dialogue and diplomacy" to ensure lasting peace in West Asia. New Delhi also expected unimpeded freedom of navigation and global flow of commerce through the Strait of Hormuz, the strategically key waterway between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). "We welcome the ceasefire reached and hope that it ...Read More >
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