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…
The US waiver allowing additional purchases of Russian crude over baseload offers short-term relief. (AI image) US-Israel-Iran war impact on India: The Donald Trump administration’s move ‘granting’ waiver to purchase Russian crude in lieu of the de facto closure of the Strait of Hormuz has important implications for India’s energy security. Around 90% of India’s…
In a move aimed at improving upkeep in its residential complexes and boosting demand for its housing inventory, the Delhi Development Authority (DDA) has decided to take over day-to-day maintenance of its flats, including those constructed before 2021. The new system will come into force from April 1, 2026, according to a notification reviewed by…
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…
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 to buy…
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…
Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6,…
The ongoing conflict in the Middle East has begun to affect international aviation operations in India, with around 100 international flights cancelled at the Delhi and Mumbai airports on Saturday, PTI reported citing official.At Mumbai airport, 35 departures and 36 arrivals were cancelled, while at Delhi airport, 22 departures and 17 arrivals were cancelled.Delhi International…