NEW DELHI: India and the UK free trade agreement is expected to be implemented from mid-April this year, commerce and industry minister Piyush Goyal said on Friday. The pact needs approval from the UK parliament before it is implemented. Goyal said that it will be the fastest agreement to be approved by the UK parliament….
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…
NEW DELHI: The commerce department is working on measures to provide support to exporters to help them beat the impact of the West Asia conflict as it prioritises shipment of perishables, including by air.Besides, exporters have been asked to look at other markets to minimise the effect of the war in a region which is…
MUMBAI: The rupee closed at 92.46 on Friday after touching a record low of 92.48, down 27 paise from the previous close of 92.19, as high crude prices and weekend demand for dollars weighed on sentiment. Market participants said currency losses were partly limited by likely central bank intervention.Energy prices remain elevated as the Gulf…
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…
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…
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…
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…
NEW DELHI: Faced with supply constraints in industrial gases and disruption in global shipping routes triggered by the West Asia conflict, steel companies across the country are cutting production, senior company officials said.They said the steel sector is facing pressure on several fronts, including shortages of LPG and LNG, which has started to affect production…
The TikTok US joint venture deal is expected to generate nearly $10 billion in payments for the administration of US President Donald Trump, poured in from involved investors, according to a report by the The Wall Street Journal citing sources. WSJ said that this payment forms part of an arrangement through which investors considered friendly…