Mumbai: Amid a sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs). The moves follow a “review of evolving market conditions” and are applicable immediately. Authorised dealers (ADs) — banks authorised by RBI to deal in foreign exchange — will not be able to offer non-deliverable…
New Delhi: Prices of aviation turbine fuel (ATF), or jet fuel, were more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, driven by the surge in global oil prices linked to the widening West Asia conflict. This is the first time ATF prices have crossed the Rs 2 lakh per kilolitre…
New Delhi: Prices of commercial LPG were hiked by Rs 195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict. A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Rates were last increased by Rs 114.5 per 19-kg cylinder on March…
New Delhi: India added more than 3.1 lakh new piped natural gas (PNG) connections in March and another 2.7 lakh connections were issued as the government accelerated expansion of cleaner fuel networks amid supply disruptions following the closure of the Strait of Hormuz. With the war in West Asia disrupting cooking gas LPG supplies, the…
Kannur (Kerala): Congress leader Rahul Gandhi on Tuesday alleged that Prime Minister Narendra Modi wants the ruling LDF to win the Assembly elections in Kerala. Addressing an election rally here, Gandhi reiterated his charge that the Congress-led United Democratic Front (UDF) is fighting the combined forces of the Left Democratic Front (LDF) and the BJP….
New Delhi: A US airstrike at Iran’s Mashhad airport on Monday damaged a Mahan Air aircraft, potentially disrupting a mission to India to collect humanitarian aid, Iranian officials claimed. The plane was reportedly scheduled to fly to New Delhi this week to pick up essential medical supplies and aid for the Iranian people, they said….
How two small, broken nations invented conglomerates to compress a century of growth into twenty years, and what it means for India’s big gamble. In 1960, South Korea had a lower per capita income than Ghana. Japan lay in the ash of two atomic bombs. Today, one is the world’s tenth-largest economy; the other, the fourth….
New Delhi: Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country’s banking sector, including recovery of non-performing assets. Piloting a bill for further amending the IBC in the…
New Delhi: The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries’ SEZ refinery remains the key uncertainty, following India’s fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the revised framework, effective March 26, India has imposed export duties of…
Noida: Welcoming the inauguration of the Noida International Airport, several locals on Saturday urged the government to ensure affordable airfare so that the facility benefits not just the affluent but also the economically weaker sections. Prime Minister Narendra Modi inaugurated the first phase of the airport on Saturday at Jewar in Gautam Buddh Nagar district….
