Mumbai: Benchmark indices Sensex and Nifty dropped sharply in early trade on Monday as the Middle East conflict entered its fourth week, driving crude oil prices higher. A massive bearish trend in global equity markets and relentless foreign fund outflows also made investors jittery. The 30-share BSE Sensex dived 1,555.62 points, or 2 per cent,…
Mumbai: The supply of Piped Natural Gas (PNG) to commercial establishments in Maharashtra has been increased by 20 per cent, state Food and Civil Supplies Minister Chhagan Bhujbal has said, offering relief to restaurants and eateries. The government has decided to ease PNG distribution to businesses, the minister said on Sunday. “From March 23, until…
New Delhi: The electricity rates in the city are likely to rise from April as the Delhi government is preparing for disbursal of pending dues of over Rs 38,000 crore to the three power discoms, officials said on Sunday. The government is, however, planning to subsidise the hike in power tariff to cushion the impact…
“Old habits die hard” is not just a cliché—it is a political warning. Andhra Pradesh Chief Minister N. Chandrababu Naidu seems determined to prove it right, yet again. A series of viral videos now circulating on social media has reignited an uncomfortable question: has the Telugu Desam Party (TDP), now an ally in the BJP-led…
Chennai: The LPG crisis-forced migration to firewood in Tamil Nadu’s hotel industry is going to soon lead to a rise in prices of food commodities, but what has taken the fizz out of the festival season is Biryani getting dear. Muslim faithfuls rue the fact that family gatherings have shrunken during the Ramzan season, thanks…
There is a number that explains almost everything happening in Indian markets right now. It is not the Sensex level, not the rupee exchange rate, and not the RBI’s repo rate. It is nominal GDP growth, and for the past three years, it has been running far too slowly. Foreign institutional investors have been selling…
Ahmedabad: There is sufficient supply of cooking gas in Gujarat and oil marketing companies have ensured home delivery of cylinders, the state government said on Friday amid the West Asia crisis. In a release, the BJP government in the state said technology-based arrangements have been made to ensure cylinders can be delivered conveniently to homes….
Mumbai: The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. Elevated global crude oil prices put further pressure on the local unit, while a positive opening at…
New Delhi: A Mumbai-bound Air India aircraft was diverted to Medina, Saudi Arabia, on Thursday afternoon following an aft cargo fire indication in the cockpit that turned out to be false. After inspection, the plane was cleared for operations and took off for Mumbai, an official said. “Air India flight AI116, operating from New York…
New Delhi: Amid escalating conflict in West Asia, aviation watchdog DGCA on Thursday asked airlines to avoid nine airspaces in the region and ensure robust contingency plans as part of safety risk assessments. The Directorate General of Civil Aviation (DGCA) has asked airlines to avoid the airspaces of Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon,…
