Mumbai, March 9 (IANS) Shares of Indian aviation companies on Monday witnessed heavy selling pressure as tensions in the Middle East escalated, pushing crude oil prices past the $110 per barrel mark after major producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict.
New Delhi, March 9 (IANS) India currently has a total capacity for storage of crude oil and petroleum products for 74 days, which can help to tide over disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday.
New Delhi, March 9 (IANS) Pakistan's raging war across the border with Afghanistan has put in danger the next instalment of the IMF funding that Islamabad so desperately needs, according to a media article.
New Delhi, March 9 (IANS) IndiGo’s Manchester-bound aircraft that departed from Delhi returned to its origin after spending almost seven hours in the air due to sudden airspace restrictions linked to the ongoing conflict in the Middle East, the low-cost airline confirmed on Monday.
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.
New Delhi, March 9 (IANS) The impact of the rise in global crude oil prices on the rate of inflation in India is not estimated to be substantial at this point, as the country’s inflation is near the "lower bound", Finance Minister Nirmala Sitharaman said in Parliament on Monday.
New Delhi, March 9 (IANS) India’s relations with Germany and the European Union (EU) have strengthened from being based merely on trade ties to a strategic alignment encompassing economics, technology and shared interest in a stable Indo-Pacific, according to a new report
New Delhi, March 9 (IANS) Dubai’s real estate stocks have seen a sharp sell-off after tensions in West Asia escalated following the war involving the United States, Israel and Iran, wiping out all the gains made by the sector this year.
New Delhi, March 9 (IANS) IT industry's apex body Nasscom on Monday issued an advisory to member companies, urging heightened vigilance and preparedness across business continuity and cybersecurity frameworks in view of the evolving geopolitical situation in the Middle East.
New Delhi, March 9 (IANS) Canadian agri-tech and research collaborations are increasingly influencing how food is grown, processed and stored in India, reflecting a shift in bilateral ties from commodity trade toward innovation-driven partnerships, according to a report.
