Prime Minister Narendra Modi is set to inaugurate and lay the foundation stone for major infrastructure projects in Delhi on Sunday, with a total investment of around Rs 33,500 crore. The projects include two new corridors of the Delhi Metro Rail Corporation, worth over Rs 18,300 crore, aimed at strengthening public transport across the national…
Global oil prices surged sharply this week as the war involving Iran intensified raising fears of prolonged disruptions to energy supplies from the Middle East.The spike in prices comes a week after the United States and Israel launched major attacks on Iran, escalating tensions into a wider regional conflict. The ongoing hostilities have disrupted key…
Union petroleum minister Hardeep Singh Puri has assured that oil imports to India are continuing smoothly through alternative routes as the Middle East conflict enters its second week and concerns are growing over the country’s energy supplies. The minister, on social media platform X, confirmed that inflows are “full flow from all non-Hormuz routes” and…
The Middle East conflict is entering another week, and its ripple effects are already being felt across the global economy. As tensions intensify, trade flows, energy supplies and food production are coming under strain at a time when markets already spent the last year grappling with tariffs and other disruptions.Although the latest escalation began just…
NEW DELHI: As geopolitical tensions escalate in the Middle East, India is exploring alternative energy sources to strengthen its energy security, with countries such as Australia and Canada offering additional gas supplies, according to official sources cited by PTI on Saturday.With ships and oil tankers avoiding the Strait of Hormuz in the Persian Gulf amid…
The State Bank of India (SBI) on Saturday announced the launch of a $500 million syndicated social term loan facility focused exclusively on women’s economic empowerment, with a greenshoe option, ahead of International Women’s Day.In a statement, the country’s largest lender said the transaction marks a milestone for both SBI and the global ESG financing…
AI image NEW DELHI: India never stopped sourcing crude from Russia, government sources said on Saturday, despite US President Donald Trump’s linking the withdrawal of a 25% penalty tariff in the proposed trade deal framework to New Delhi’s purported pledge to halt such purchases. Sources said India has never depended on permission from any country…
Will Dubai Property Prices Fall? Emaar Founder Gives a Bold Answer Despite rising geopolitical tensions in the Middle East and concerns about economic stability amid US-Israel war against Iran, Dubai’s real estate sector remains resilient, according to leading industry voices. Mohamed Alabbar, the founder of Emaar Properties, recently stated that the Dubai property market has…
File photo: Union commerce & industry minister Piyush Goyal NEW DELHI: The US is expected to work out trade deals with partners, including India, in the next three-four months, once it finalises its strategy to deal with the legal issues related to tariffs, a senior govt official said on Saturday.The official said that New Delhi…
Union home minister Amit Shah NEW DELHI: Union home and cooperation minister Amit Shah on Saturday dedicated the newly commissioned Sulphuric Acid Plant–3 (SAP–III) at the Indian Farmers Fertiliser Cooperative Limited (IFFCO) unit in Paradeep, Odisha, to the nation. Shah said the Ministry of Cooperation and the Odisha government would work together to improve rural…