Prime Minister Narendra Modi assured India of sufficient crude oil storage and uninterrupted supply amidst the West Asia war’s global fuel crunch. He highlighted the nation’s strategic oil reserves and increased refining capacity, while emphasizing India’s commitment to peace through dialogue and diplomacy in the region.
India’s strategic oil reserves can cover approximately 9.5 days of supply during disruptions, with current reserves at two-thirds capacity. This announcement comes amid rising global crude oil prices due to the Middle East conflict. The nation, heavily reliant on imports, is diversifying its crude sourcing to mitigate supply risks.
The manufacturing sector was hit the hardest, with its PMI dropping to a four-and-a-half-year low of 53.8 from 56.9. Heightened uncertainty and volatility linked to the Middle East conflict weighed on sentiment.
Hyderabad (Telangana) [India], October 22: As the Pro Kabaddi League Season 11 (PKL 11) is just about to begin, excitement is reaching its peak among fans and players. Building on its long-term partnership with the league as the Associate Sponsor in Season 11, Parimatch Sports, a leading sportswear brand inspired by top athletes, continues to
New Delhi [India], October 22: At Transsion India’s office on the bustling Noida Expressway, over 200 participants gathered on October 14, 2024, to address one of India’s most pressing environmental challenges: e-waste management. This collaborative event, organized by Allied Waste Solutions in partnership with Transsion India, stood out as a key highlight of International E-Waste
Mumbai (Maharashtra) [India], October 22: HDFC SKY, a leading discount brokerage platform, announced that its innovative Stock SIP (Systematic Investment Plan) feature has rapidly become a top choice for investors, pan India. Stock SIP aims to empower investors by enabling them to invest in stocks systematically, tailored to their individual preferences. HDFC SKY provides comprehensive
Mumbai (Maharashtra) [India], October 22: Allcargo Gati Limited (formerly Gati Limited), one of India’s premier Express Distribution and Supply Chain Management company, is set to roll out more than 1700 rebranded with the range of Alternative Fuel Vehicles (AFVs) across India for the first and last-mile deliveries. This is a part of Allcargo Group’s larger
One97 Communications owned payments and financial services distribution company, Paytm has reported robust financial results for Q2FY25, with revenue growing by 11 per cent quarter-on-quarter (QoQ) to Rs 1,660 crore.
Easing inflation, favourable monsoon conditions, and increased government social spending are expected to boost household demand. Additionally, healthy corporate balance sheets are playing a vital role in supporting the recovery of private investment.
