No Need to Panic Book LPG Cylinders, Govt Says; Assures Crude Oil Supply Remains Secure

The Centre on Wednesday asked consumers not to rush LPG cylinder bookings, stating that the domestic delivery system remains stable even as concerns grow over potential supply disruptions in global energy markets.Officials said the government is closely monitoring the situation a Read More

India ‘Great Partner’ In Stabilising Oil Prices: US Ambassador On Russian Imports Amid Iran War

Amid the ongoing Middle East crisis, US Ambassador Sergio Gor noted that India has been a great partner in maintaining stable oil prices around the world.”India has been a great partner in maintaining stable oil prices around the world. The United States recognizes ongoing purcha Read More

Iran War Poses Mixed Risks, Negative Credit Impact For Asia Pacific Ports, Airports, Fitch Says

Ratings agency Fitch said on Wednesday that port and airport operators in the Asia Pacific would face mixed, but increasingly negative, credit effects if Iran-linked shipping and airspace disruption persisted. The U.S.-Israeli war on Iran and Tehran’s attacks on the Gulf have lef Read More

Indian Fintech Firm Cred Gets Payment Aggregator Nod from Central Bank

Mumbai: India’s Cred, backed by Tiger Global and Peak XV, has received approval from the country’s central bank to operate as a payment aggregator, the fintech firm said on Wednesday.The licence would allow Cred to sign up merchants, collect payments on their behalf across paymen Read More

Middle East Crisis: What Happens To India If Oil Persists At $100 Per Barrel?

Amid the ongoing Middle East crisis if the crude oil prices persist at $100 India’s current account deficit (CAD) could widen to 2% of GDP from1% at$70 per barrel.The ongoing Israel-US-Iran war has already intensified Asia’s energy crisis and caused global supply chain disruption Read More

LPG Supply Disruptions Hit Hotels Across Cities; Bengaluru Protests, Mumbai Restaurants Cut Menus

A disruption in LPG supply triggered protests by hotel owners across cities on Wednesday, with several restaurateurs warning that the ongoing shortage could severely affect business operations.Hotel owners and staff staged a protest in the Gandhi Bazaar area of Bengaluru, demandi Read More

India Eases Some Investment Norms For China, Ending Six Years Of Friction

India approved easing restrictions on Chinese investments in select sectors on Tuesday, in a major step by Prime Minister Narendra Modi to rebuild ties with Beijing and end six years of friction.Below is a timeline of events since a deadly border clash between the two nuclear-arm Read More

Reliance Erases Early Gains, Falls 0.8% Despite Trump’s $300 Billion Texas Refinery Deal Announcement

Shares of Reliance Industries Limited reversed early gains in Wednesday’s session, slipping into negative territory despite a major investment announcement involving a proposed refinery project in the United States.The stock was trading at ₹1,397.30 at around 11:48 AM IST, down ₹ Read More

Shares Steady, Oil Turbulence Deepens Over Middle East War Fears

Shares steadied on Wednesday, March 11 following a retreat in oil prices, but contradictory signals from the U.S.-Israeli war on Iran kept investors anxious over the risks to inflation and global growth.A pullback in oil came after the Wall Street Journal reported that the Intern Read More

Indigo Shares Surge 3% After CEO Quits; Analysts See No Major Strategic Shifts

The shares of low-cost passenger carrier IndiGo rose as much as 3% to hit a intra-day high of Rs 4512.20 apiece on Wednesday, March 11, after IndiGo CEO Pieter Elbers resigned citing ‘personal reasons’.Rahul Bhatia, Managing Director of IndiGo, will in the interim period assume m Read More