NEW DELHI: Centre on Wednesday said it will provide an additional 10% allocation of commercial LPG to states and Union Territories that support a long-term transition to PNG. The government also acknowledged that the LPG situation remains “worrisome” amid global disruptions.During an inter-ministerial briefing, Sujata Sharma, joint secretary in the ministry of petroleum and natural…
Fundamentally, remittances are cross-border money transfers to support families back home. (AI image) ‘Gulf se paisa aaya hai’ – it’s a common statement in several households across India whose family members work in the Middle East countries. But will this money keep flowing in as much as it does in the wake of the US-Iran…
Benchmark equity indices Sensex and Nifty closed nearly 1 per cent higher on Wednesday, extending their recovery for a third straight session amid a slight easing in crude oil prices and supportive global cues.The 30-share BSE Sensex rose 633.29 points, or 0.83 per cent, to settle at 76,704.13. During the session, it surged as much…
India has launched an anti-dumping investigation into imports of ethyl chloroformate from China after domestic producer Paushak alleged that the chemical was being sold in the Indian market at unfairly low prices, hurting local industry. DGTR begins probe after complaint by Paushak As per Reuters, the Directorate General of Trade Remedies (DGTR), which functions under…
The Union Cabinet on Wednesday approved the construction of a four-lane access-controlled National Highway-927 from Barabanki to Bahraich in Uttar Pradesh at an estimated cost of Rs 6,969.04 crore, aimed at improving connectivity across key economic and logistics centres in the state, according to an official statement.The Cabinet Committee on Economic Affairs (CCEA) cleared the…
Gold prices moved lower across major Indian cities on Wednesday as retail bullion rates tracked weakness in domestic futures amid cautious sentiment ahead of the US Federal Reserve’s monetary policy decision.On the Multi Commodity Exchange (MCX), gold for April delivery fell by Rs 256, or 0.16 per cent, to Rs 1,55,729 per 10 grams in…
The Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA), a Rs 33,660 crore central sector scheme to develop 100 investment-ready plug-and-play industrial parks across the country, in a move aimed at accelerating manufacturing growth and employment generation.The scheme will be implemented over a six-year period from FY 2026-27 to FY 2031-32, with industrial…
As tensions escalate in the boiling Middle Eastern region, residents and travellers are scrambling to catch the first outbound flights. Yet, many Indian blue-collar workers remain behind, choosing to stay for their jobs and to support their families rather than return home. While salaries continue to be paid on schedule, recruiters caution that a prolonged…
CLSA noted that it does not currently observe any pricing pressure linked to AI in contract renewals for IT services firms. (AI image) Indian IT stocks rebound! Shares of major IT firms including Infosys, TCS and HCL Tech climbed by as much as 4%, supported by global brokerage CLSA reaffirming its ‘Outperform’ stance on key…
Jag Laadki at Mundra port NEW DELHI: The Indian-flagged crude oil tanker Jag Laadki arrived at Mundra port in Gujarat on Wednesday, becoming the third such vessel to reach India in as many days amid the ongoing conflict in the Middle East.Click here for live updatesThe tanker docked carrying approximately 80,886 metric tonnes of crude…
