Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following recent discussions in Washington.Spokesperson for the State Bank of Pakistan, country’s central bank told PTI, “Pakistan has repaid…
India is set to take a major step in expanding its nuclear energy programme, with plans to invite bids for the establishment of a 220 MWe Bharat Small Modular Reactor (BSMR-200), within the next three to six months. The project is considered as a major part of the country’s clean energy transition, officials told ET.Foreign…
Amid ongoing geopolitical tensions straining global oil supplies, the government has said that it is ensuring uninterrupted fuel availability across the country and is closely monitoring maritime safety in the Middle East.Reassuring citizens, the ministry of petroleum and natural gas said there has been no disruption in household LPG supply. “Domestic LPG cylinder deliveries remain…
NEW DELHI: Becoming a pilot has just got more expensive with the hike in jet fuel price and the rupee crashing. Getting a commercial pilot licence (CPL) in India — which involves flying for a minimum of 200 hours and clearing theory exams — used to cost about Rs 50-60 lakh earlier in India, and…
Dalal Street will closely watch developments in the US-Iran conflict, crude oil price movements, and the ongoing corporate earnings season for direction this week, analysts said. They added that foreign investor activity will also remain an important factor influencing trading trends. “Geopolitical developments in the US-Iran conflict will remain a key monitorable, given their direct…
India and the United States are set to resume trade negotiations this week, with a delegation of about a dozen officials travelling from New Delhi to Washington for discussions on the first phase of the proposed bilateral trade agreement (BTA). The talks, scheduled from April 20 to 22, will be led by India’s chief negotiator…
Dalal Street ended the week in green, lifting the combined market value of eight of India’s top ten companies by Rs 1,87,497.45 crore in the past week. Bharti Airtel stood out as the biggest gainer during this period.The broader market remained upbeat, with the BSE Sensex advancing 943.29 points, or 1.21 per cent, and the…
This Akshaya Tritiya, India’s gold and silver markets are heading for bumper purchases, with overall trade likely to cross Rs 20,000 crore even as record-high prices reshape buying patterns. The estimate, shared by the Confederation of All India Traders (CAIT), is higher than last year’s Rs 16,000 crore, signalling growth in value despite a sharp…
India’s growth trajectory is expected to remain steady despite the ongoing Middle East crisis, that has sent ripples across the globe. In its latest report, SBI Research said that the country is navigating oil shocks and the Iran war from a “situation of strength”, projecting GDP growth at 6.8% to 7.1% in FY27.The report noted…
India’s cooking gas consumption saw a sharp decline in March, with LPG usage falling 13 per cent year-on-year due to supply disruptions linked to the ongoing Middle East conflict, according to official data.LPG consumption stood at 2.379 million tonnes in March, down from 2.729 million tonnes in the same month last year. The decline comes…