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New Delhi [India], April 8 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday expressed disappointment over the West Asia situation after Iran agreed on the reopening of the Strait of Hormuz, saying that the route was previously opened for everyone anyway, further questioning the United States about the outcome of the conflict. "So the ceasefire allows a strait to reopen, a strait that was open & freely available to everyone to use before the war started. What exactly did this 3 ...Read More >
Mumbai: The domestic bullion market in Mumbai witnessed a sharp rally on Wednesday, April 8, with gold prices rising majorly following the announcement of a two-week ceasefire between the United States and Iran. According to market data, 24-karat gold prices climbed by Rs 398 to reach Rs 15,382 per gram. Other variants also recorded gains, with 22-karat gold priced at Rs 14,100 per gram and 18-karat gold at Rs 11,537 per gram. The surge mirrors global trends, where spot gold prices jumped over ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
New Delhi: The Central Board of Secondary Education (CBSE) has issued strict guidelines for uploading Class XII marks for its affiliated schools in seven West Asian countries: the United Arab Emirates (UAE), Saudi Arabia, Oman, Qatar, Bahrain, Kuwait and Iran. The education board stated that schools in these countries must upload students' marks on the online portal only between April 8 and April 17, 2026. No extension will be granted beyond the deadline and no corrections will be allowed for e ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Foreign Affairs Expert K.P. Fabian on Wednesday welcomed the announcement of a two-week ceasefire agreement by the US and Iran, terming it "very important and a good result." He said that even though Donald Trump has acknowledged the 10-point plan by Iran, it does not mean that the US President agrees to it. Speaking to IANS, Fabian stressed that the ceasefire is good for the US, Israel, West Asia and India. On the ceasefire announcement, Fabian said, "This ...Read More >
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services sect ...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 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 disgracefu ...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, April 8 (SocialNews.XYZ) The Indian rupee on Wednesday showed positivity for a fourth consecutive session against the dollar, tracking gains in global equities after the United States and Iran agreed to a two-week ceasefire, offering markets respite from turbulence driven by the West Asia conflict. The domestic currency rose 0.4 per cent to 92.61 against the dollar from its previous close of 93. This comes after US President Donald Trump announced a temporary ceasefire with Iran, ea ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...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: The Reserve Bank of India (RBI) on Wednesday projected the country's inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war. RBI Governor Sanjaya Malhotra said, "The pass-through of higher global energy prices has resulted in price increases in select fuels such as premium petrol and ...Read More >
New Delhi: Congress MP Jairam Ramesh on Wednesday raised strong concerns over the Central government's foreign policy, calling Pakistan's role in the ceasefire between the United States and Iran a "severe setback" for Prime Minister Narendra Modi. US President Donald Trump suspended the "bombing and attack" campaign on Iran, announcing a two-week double-sided ceasefire and accepting the 10-point proposal from Iran. The Iranian side then accepted Trump's peace overture and agreed to safe passage ...Read More >
Prayagraj (Uttar Pradesh) [India], April 8 (ANI): Congress MP Pramod Tiwari on Wednesday welcomed the ceasefire in the ongoing conflict involving the United States, Iran and Israel, expressing hope that the temporary halt in hostilities would turn into a permanent peace arrangement, while also criticising the "Vishwaguru" and India's foreign policy response to the developments. US President Donald Trump suspended the "bombing and attack" campaign on Iran, announcing a two-week double-sided ceas ...Read More >
Gail (India) jumped 5.71% to Rs 153.55 after the company said that it has entered into a long-term charter party agreement with Alpha Gas, a leading Greek shipping major, for the LNG carrier "Energy Fidelity." The charter party agreement was executed between GAIL and Pantheon Maritime Services, a Singapore based affiliate of Alpha Gas. The LNG carrier Energy Fidelity, with a cargo capacity of 174,000 cubic meters, is equipped with two-stroke propulsion system, complemented by advanced air lubr ...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 projected retail inflation for the current financial year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent. Before the outbreak of the West Asia conflict, India's macroeconomic fundamentals exuded confidence with buoyant growth and low inflation. Conditions turned adverse in March with the widening of the conflict zone and its intensification. The consumer price in ...Read More >
New Delhi: India and Bangladesh are expected to set the tone for a bilateral framework of their relationship during the talks today and set the ball rolling to rebuild trust that had plummeted following the downfall of the Sheikh Hasina government. Khalilur Rahman, who is visiting India for the first time as foreign minister of the newly formed government led by Prime Minister Tarique Rahman, will hold meetings with Minister of External Affairs S Jaishankar, Minister of Commerce & Industry Piyu ...Read More >
MUMBAI: India's equity market cheered the two-week ceasefire in West Asia and the reopening of the Strait of Hormuz as benchmark indices- the BSE Sensex and the NSE Nifty50- sprinted almost 4% in early trade deals. The Sensex surged 2,800 points, or 4%, to an intraday high of 77,456, while the Nifty50 jumped over 800 points, or 3.7%, to the day's high of 23,961. The relief rally came after US President Donald Trump said that Washington would suspend military actions against Iran for two weeks a ...Read More >
New Delhi: The Reserve Bank of India has kept the repo rate unchanged at 5.25%, offering immediate relief to homebuyers and borrowers as loan EMIs are expected to remain stable for now. No Immediate Impact on EMIs With the repo rate unchanged, banks are unlikely to increase lending rates in the short term, meaning existing home loan borrowers will not see a rise in their EMIs. This move provides financial predictability and helps borrowers better manage their monthly budgets. The decision is ...Read More >
New Delhi, April 8: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflatio ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) has projected India's economic growth to moderate to 6.9% in 2026-27, while inflation is expected to edge higher to 4.6%, as geopolitical tensions and global supply disruptions cloud the macroeconomic outlook. Announcing the first bi-monthly monetary policy of FY27, the RBI said the Monetary Policy Committee (MPC) retained the policy repo rate at 5.25% and maintained a neutral stance, citing a complex trade-off between supporting growth and containing ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Announcing the decision, RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) unanimously voted to maintain the policy repo rate under the liquidity adjustment facility at 5.25 per cent. Also Read | Why I ...Read More >
New Delhi: Congress MP Jairam Ramesh on Wednesday raised strong concerns over the Central government's foreign policy, calling Pakistan's role in the ceasefire between the United States and Iran a "severe setback" for Prime Minister Narendra Modi. US President Donald Trump suspended the "bombing and attack" campaign on Iran, announcing a two-week double-sided ceasefire and accepting the 10-point proposal from Iran. The Iranian side then accepted Trump's peace overture and agreed to safe passage ...Read More >
Mumbai: The Reserve Bank of India's Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, and to maintain a neutral stance amid geopolitical uncertainties, RBI Governor Sanjay Malhotra said on Wednesday. The RBI expectedly kept the interest rates unchanged amid hopes of a global recovery on the back of a 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 d ...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 >
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], April 8 (ANI): The Reserve Bank of India is set to announce its first bi-monthly Monetary Policy Statement for the financial year 2026-27 today. Governor Sanjay Malhotra will deliver the decisions of the six-member Monetary Policy Committee at 10 this morning. The committee deliberated on interest rates, inflation outlook, and growth projections since Monday. Speaking to ANI, experts indicated a strong consensus for a status quo on the current repo rate, with most suggesting ...Read More >
India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently building under the surface. | Image: Bloomberg As the US-Iran-Israel war continues into its second month with no clear end in sight, the economic fallout for India is no longer just about oil spikes or headline volatility. India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently ...Read More >
The room air-conditioner industry anticipates a challenging summer. Rising costs from global events and delayed heat are impacting sales. Despite these hurdles, a double-digit growth is projected. Consumers might consider budget-friendly options. Demand is expected to pick up as summer progresses, with projections of above-normal temperatures in many areas. New Delhi, This summer season is not going to be easy for the room air-conditioners industry, as it faces several challenges, including ris ...Read More >
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