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A view of the Gas Authority of India Limited. Kesavan A N 1612@Chennai Expanding on their collaborations for liquified natural gas (LNG) charter fleet, state-owned Gas Authority of India Ltd (GAIL) Tuesday inked a long-term charter party agreement with Greek shipping management company Alpha Gas for their LNG carrier 'Energy Fidelity'. The LNG carrier holds a cargo capacity of 174 thousand cubic metres. The charter would be executed between the Indian state-owned gas major and Singapore-based ...Read More >
India is set to receive its first Iranian crude oil shipment in seven years after temporary US sanctions relief, a report has claimed. India is poised to receive its first shipment of crude oil from Iran in seven years after the United States temporarily lifted sanctions on Iranian oil and refined products to address supply shortages, according to a Reuters report citing ship tracking data from LSEG and Kpler. State-run Indian Oil Corp (IOC), the country's largest refiner, has purchased the ca ...Read More >
New Delhi: India's Ministry of External Affairs (MEA), on Wednesday, welcomed the ceasefire between the US and Iran, hoping "it would lead to a lasting peace in West Asia." "We welcome the ceasefire reached and hope that it will lead to a lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict," the MEA said In its first official statement. India has been emphasising on dialogue and ...Read More >
PTC Web Desk: India has welcomed the temporary ceasefire between the United States and Iran, expressing optimism that the move could ease tensions and open the door to long-term stability in West Asia. In a statement issued on April 8, the Ministry of External Affairs (MEA) said it hopes the pause in hostilities will contribute to lasting peace in the region. Reiterating its consistent stance, India stressed that dialogue, diplomacy and de-escalation remain the most effective ways to resolve on ...Read More >
Srinagar (Jammu and Kashmir) [India], April 8 (ANI): Peoples Democratic Party (PDP) Chief Mehbooba Mufti on Wednesday welcomed the recent ceasefire between Iran and the United States, saying that Iran chose not to attack civil institutions like schools, colleges, and hospitals and only targeted military bases amid the West Asia crisis, whereas the United States killed civilians by deploying missiles on such civil institutions. She noted that it is a matter of "great courage and determination" f ...Read More >
New Delhi, Apr 8: India on Wednesday welcomed a two-week ceasefire between the US and Iran, calling for "de-escalation, dialogue, and diplomacy" to ensure lasting peace in West Asia. "We welcome the ceasefire reached and hope that it will lead to lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict," the Ministry of External Affairs (MEA) said. "The conflict has already caused im ...Read More >
New Delhi, April 8 (UNI) The Ministry of External Affairs on Wednesday welcomed the two-week ceasefire agreement reached between the United States, Israel and Iran, expressing hope that it would pave the way for "lasting peace" in the conflict-ridden West Asia. In an official statement, India reiterated its consistent position of advocating "de-escalation, dialogue and diplomacy" the only essential viable path to bring an early end to the ongoing hostilities. Highlighting the broader impact of ...Read More >
Lucknow (Uttar Pradesh) [India], April 8 (ANI): Following the "double-sided" two-week ceasefire between US and Iran, Maulana Khalid Rashid Firangi Mahali, Chairman of the Islamic Centre of India and member of the All India Muslim Personal Law Board (AIMPLB), on Wednesday welcomed the ceasefire agreement between Iran and the United States, calling it a positive step for global stability and human life. Speaking to ANI, the AIMPLB member expressed relief over the de-escalation of the conflict, no ...Read More >
New Delhi: India on Wednesday welcomed the announcement of ceasefire between the United States and Iran, expressing hope for lasting peace in the West Asian region. In its first response after the truce, the Ministry of External Affairs (MEA) reiterated its earlier message of "de-escalation, dialogue, and diplomacy" and said it hopes the ceasefire will lead to long-term stability. "We welcome the ceasefire reached and hope that it will lead to a lasting peace in West Asia. As we have continuous ...Read More >
New Delhi: India on Wednesday welcomed a two-week ceasefire between the US and Iran, calling for "de-escalation, dialogue, and diplomacy" to ensure lasting peace in West Asia. In a statement, the Ministry of External Affairs (MEA) reiterated that dialogue and diplomacy are important for bringing an end to the conflict. "We welcome the ceasefire reached and hope that it will lead to lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are e ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed a two-week ceasefire between the US and Iran, calling for "de-escalation, dialogue, and diplomacy" to ensure lasting peace in West Asia. "We welcome the ceasefire reached and hope that it will lead to lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict," the Ministry of External Affairs (MEA) said. ...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 >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. The projection follo ...Read More >
Bhubaneswar: Gold prices in Odisha's capital witnessed a sharp jump on Wednesday as markets reacted positively to US President Donald Trump's announcement of a two-week ceasefire with Iran, which has temporarily eased geopolitical tensions in West Asia. According to data from Goodreturns and other tracking platforms like Upstox, the price of 24-carat gold per gram in Bhubaneswar climbed to Rs15,382-15,385, marking a significant increase of about Rs 398 (roughly 2.66%) from the previous day. Sim ...Read More >
New Delhi [India], April 8 (ANI): Economists and industry leaders on Wednesday largely backed the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent, saying the central bank's cautious approach is appropriate amid global uncertainties and rising energy prices. Experts said the move reflects a balancing act between controlling inflation and sustaining economic growth. Dipti Deshpande, Principal Economist at Crisil Ltd, said the RBI's decision to maintain the polic ...Read More >
New Delhi: In a major step toward normalizing flight operations amid the West Asia War, the Iraqi Civil Aviation Authority (ICAA) officially announced the reopening of the country's airspace and all commercial airports effective immediately. The airspace was opened after 40- days of closure following a temporary US-Iran ceasefire. The announcement was made by the head of the authority, Bengin Rekani, who confirmed in a statement that "airspace and all Iraqi airports will be opened starting tod ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed a two-week ceasefire between the US and Iran, calling for "de-escalation, dialogue, and diplomacy" to ensure lasting peace in West Asia. "We welcome the ceasefire reached and hope that it will lead to lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict," the Ministry of External Affairs (MEA) said. "The conflict has already caus ...Read More >
US-Iran Ceasefire: The Ministry of External Affairs on Wednesday reacted to the ceasefire between the US and Iran after a 40-day-long war, which created a global fuel crisis, saying India welcomes the development and hopes that it would lead to a lasting peace in West Asia. "We welcome the ceasefire reached and hope that it will lead to a lasting peace in West Asia. As we have continuously advocated earlier, deescalation, dialogue and diplomacy are essential to bring an early end to the ongoing ...Read More >
New Delhi [India], Apr 8 (ANI): Real estate developers and property consultants on Wednesday welcomed the Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent, saying the move will keep home loan rates stable and support housing demand amid global uncertainties. Industry players said the RBI's decision provides predictability for both developers and homebuyers at a time when construction costs remain under pressure due to global geopolitical tensions. Shrini ...Read More >
New Delhi [India], April 8 (ANI): The Ministry of External Affairs on Wednesday issued a statement on the recent ceasefire reached between US and Iran. The MEA said that it hoped the agreement would lead to lasting peace in West Asia. The MEA said, "We welcome the ceasefire reached and hope that it will lead to a lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict. The conflict h ...Read More >
Mumbai: Crude oil prices saw a steep fall on Wednesday after the US and Iran agreed to a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil for April delivery dropped nearly 18 percent to Rs 8,775 per barrel, down from Rs 10,669. The fall came after a strong rally in recent days, where prices had touched record highs. The sudden drop reflects heavy selling by traders as fears of supply disruption reduced. Global oil falls below USD 100 The impact was seen globally as well. B ...Read More >
New Delhi, Apr 8: Taking a swipe at the Centre, the Congress, on Wednesday, said the role played by Pakistan in bringing about the ceasefire between the US and Iran is a "severe setback" to Prime Minister Narendra Modi's "highly personalised diplomacy" and the "self-styled Vishwaguru" stands thoroughly exposed. The Opposition party also said Prime Minister Modi's "cowardice is demonstrated by his silence not only on Israel's belligerence, but on the completely unacceptable and disgraceful langu ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices nosedived by 18 per cent to Rs 8,775 per barrel in futures trade on Wednesday, after the US and Iran agreed to a two-week ceasefire and the reopening of Strait of Hormuz, triggering heavy selling by traders as the geopolitical risk premium evaporated. Snapping a three-day rally, crude oil futures for April delivery opened lower by 6 per cent to Rs 10,029 per barrel, its lower circuit limit, on the Multi Commodity Exchange (MCX). Later, the contract exten ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank did not come across any governance or conduct-related issues during supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday. Responding to a question at the post-monetary policy press conference on sudden resignation of HDFC Bank Chairman Atanu Chakraborty and subsequent fall in its share price, Malhotra said RBI had also seen minutes of meetings of the lender, and the RBI did not find any thing of material concern. He said the RBI i ...Read More >
Indian carriers have cancelled over 10,000 flights since Iran war. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Indian carriers cancelled over 10,000 flights since West Asia conflict began in February * Daily flights to the Middle East dropped from 300-350 to 80-90 due to airspace closures * DGCA extended pilot flight duty limits to manage longer routes and avoid crew shortages Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Indian carriers have can ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent is likely to provide stability for mortgage rates, real estate industry leaders said on Wednesday. Shrinivas Rao, FRICS, CEO, Vestian welcomed the pause as a relief for developers and homebuyers as it will keep mortgage rates competitive when construction costs remain elevated over the ongoing West Asia crisis. Rao said the move could help cushion the impact of rising input cos ...Read More >
Srinagar, April 8 (SocialNews.XYZ) The bilateral ceasefire announced by the US and Iran after the 40-day-long West Asia conflict has been welcomed by a senior religious leader in Jammu and Kashmir, Mirwaiz Umar Farooq. After raising tensions to an unexpected high by saying that an entire civilisation would be wiped out if Iran did not respond positively before the end of the deadline set by him, US President Donald Trump posted on social media that a two-week-long ceasefire has been agreed upon ...Read More >
New Delhi, April 8 (UNI) The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, announced on Wednesday that the Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25%. Speaking about GDP numbers, the Governor said, "As per the new GDP series comes into play, the real GDP growth for last year is estimated at 7.6%. In terms of quarterly GDP growth projection, the growth for Q1 is projected at 6.8%, Q2 at 6.7%, Q3 at 7% and Q4 at 7.2%." In terms of in ...Read More >
Mumbai, April 8, 2026 (ANI): The RBI Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, has kept the Repo Rate unchanged at 5.25% with a neutral stance. The central bank highlighted concerns over global trade disruptions, the ongoing West Asia conflict, and their impact on India's economic growth, merchandise exports, and inflation. RBI projects GDP growth at 6.9% for FY 26-27 and CPI inflation at 4.6%, while noting the volatility ivn domestic and global markets. ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro ...Read More >
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