As the Middle East conflict continues to spill across global oil markets, India is looking to expand the production of dimethyl ether (DME), an alternative that could help deal with ongoing LPG disruptions. A government-run research institute is examining ways to boost the output of the fuel, which scientists say could help address supply challenges…
Craving that dosa cooked to a perfect crisp? Off the menu. Those freshly fried canteen samosas? Gone as well. Ongoing tensions in the Middle East have begun to ripple into everyday industrial activity in India, as shortages of commercial LPG start to disrupt factory operations. Manufacturers said that tightening supply is creating hurdles not only…
Air travellers, brace yourselves for costlier tickets! You might soon be charged higher amounts for flight fares as the Middle East crisis continues to push fuel prices higher. The conflict has disrupted global oil supplies, and with the summer travel season just around the corner, industry experts say fare hikes are becoming inevitable. However, when…
Middle East crisis (AP photo) NEW DELHI: India has announced an extension of visas and a waiver of overstay penalties for foreign nationals stranded in the country due to the ongoing conflict in the Middle East region.The Indian Consulate in Dubai said in a notification that all visas and e-visas that are expiring or due…
Union minister of commerce and industry Piyush Goyal on Friday held talks with Yeo Han-Koo, trade minister of South Korea, to explore ways to strengthen economic ties, boost bilateral investments and deepen supply-chain collaboration between the two countries. The meeting focused on expanding trade engagement and reinforcing the broader economic partnership between India and South…
NEW DELHI: Precious metal prices declined up to 4% on Friday, with silver tumbling to Rs 2.7 lakh per kg and gold sliding to Rs 1.6 lakh per 10 grams amid a strong US dollar and uncertainty over global monetary policy. According to the All India Sarafa Association, the white metal slumped by Rs 11,000,…
MUMBAI: Two weeks into the war in West Asia, investors in India have lost a staggering Rs 34 lakh crore worth of wealth due to the strong selloff in the stock market.The turmoil has also shaved off a little over 5,250 points or 6.5% from the sensex, as foreign funds have doubled down on their…
Representative image (AP) NEW DELHI: Iran has allowed two India-flagged liquefied petroleum gas (LPG) carriers to transit through the Strait of Hormuz amid the ongoing conflict in the Middle East, Reuters reported citing four sources with direct knowledge of the matter.The development comes as Iran’s Ambassador to India, Mohammad Fathali, confirmed that Tehran would provide…
US stock indexes traded mixed to lower in choppy dealings on Friday morning as the fallout from the war with Iran kept pressure on oil prices and added to concerns about the global economic outlook.The S&P 500 slipped 0.2 per cent after rising as much as 0.9 per cent earlier in the session. The Dow…
Did Banks Start Leaving Dubai? Standard Chartered Issues Urgent Statement Amid Iran vs US-Israel War The intensifying geopolitical conflict between Iran, the United States and Israel is beginning to ripple through global financial markets, prompting international banks to reassess operations in the Gulf. At the center of the latest developments is Standard Chartered, which has…
