China’s Edge in an Oil Shock: Electric Cars and Renewables
Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off. Source link
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Tata, Parle, M&M canteens feel LPG squeeze; India Inc redesigns menu — less tea, no samosas or dosas
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…
Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf. Source link
India–South Korea trade ties: Piyush Goyal meets Korean minister Yeo Han-Koo
Union minister of commerce and industry Piyush Goyal on Friday held talks with Yeo Han-Koo, trade minister of South Korea, to explore ways to strengthen economic ties, boost bilateral investments and deepen supply-chain collaboration between the two countries. The meeting focused on expanding trade engagement and reinforcing the broader economic partnership between India and South…
Are You Using A.I. at Work? We Want to Hear From You.
Please tell us how you’re using A.I. tools to fulfill your job responsibilities. We may include your experiences in an article. Source link
Silver tumbles 4%, gold declines 1.2% on strong dollar
NEW DELHI: Precious metal prices declined up to 4% on Friday, with silver tumbling to Rs 2.7 lakh per kg and gold sliding to Rs 1.6 lakh per 10 grams amid a strong US dollar and uncertainty over global monetary policy. According to the All India Sarafa Association, the white metal slumped by Rs 11,000,…
Change in Data Sources Led to Lower Inflation Reading
A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists. Source link
Steel cos cut output on gas supply woes
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…
Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy
President Trump’s son-in-law is trying to raise $5 billion or more from foreign governments and others for his private equity firm. Source link
Iran allows two India‑flagged LPG carriers to transit Strait of Hormuz amid conflict
Representative image (AP) NEW DELHI: Iran has allowed two India-flagged liquefied petroleum gas (LPG) carriers to transit through the Strait of Hormuz amid the ongoing conflict in the Middle East, Reuters reported citing four sources with direct knowledge of the matter.The development comes as Iran’s Ambassador to India, Mohammad Fathali, confirmed that Tehran would provide…