Air India, IndiGo and SpiceJet have urged the government to revise Aviation Turbine Fuel (ATF) pricing and provide financial support, warning that the airline industry is under extreme stress and close to “stopping operations”.The appeal was made by the Federation of Indian Airlines (FIA), which represents the three carriers, in a letter to the civil…
India’s growing trade gap with China is no longer just about buying more and selling less, but it is also about how deeply Indian manufacturing relies on Chinese industrial supplies at present.A new report by think tank Global Trade Research Initiative has flagged that while China makes up around 16% of India’s total imports, its…
Wars and geopolitical conflicts often have unexpected impacts for economies. Countries are struggling with tight energy supplies and companies in the Gulf are forced to rethink their production volumes. The key question is, what impact will the Middle East conflict have on Indian companies?While most Indian retailers are facing losses amid supply concerns, the Iran…
Nearly all Indian refiners, except Numaligarh Refinery, are now importing Russian crude. (AI image) India’s imports of crude oil from Russia have dropped from the highs seen in March when the supply disruptions from the Middle East caused by the US-Iran war and the Strait of Hormuz closure prompted refiners to step up buys from…
Prime Minister Narendra Modi is on a two-day visit to Sikkim, where he is participating in the State’s Golden Jubilee celebrations of statehood. During the event, the Prime Minister described the Northeast as India’s “Ashtalakshmi” and highlighted the Himalayan State’s significance within it. During the visit, he also inaugurated and laid the foundation stone of…
Mumbai, Apr 27 (ANI): Chairman of Sun Pharma Management Dilip Shanghvi speaks during a press conference at Worli, in Mumbai on Monday. (ANI Photo) New Delhi: In its boldest move yet, Sun Pharma, India’s largest pharma company, has struck the biggest-ever overseas pharma deal, acquiring US-listed Organon & Co for $11.8 billion (Rs 98,000 crore)…
Gold price prediction today: Any upside in gold prices is likely to be capped by gains in crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
New Delhi: India’s cybersecurity agency, the Indian Computer Emergency Response Team (CERT-In) has warned that advances in artificial intelligence are pushing cyberattacks into a new phase, with automation and scale bringing them firmly into the spotlight.In an advisory, CERT-In said frontier AI systems are now capable of autonomously identifying software vulnerabilities, analysing large volumes of…
The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across markets. But Iran, one of the key flashpoints in the crisis, seems to be dealing with a different kind of pressure altogether. Instead of just struggling with disrupted exports, the country is now staring…
New Delhi: Automobile manufacturers will face cost pressures that is expected to impact their margins and slow down demand in the coming quarters as prices of key raw materials, including steel, metals and plastics , have risen sharply since March, latest data from the Society of Indian Automobile Manufacturers (Siam) showed. Due to war in…