Iran wants guarantees of non-aggression from US
Tehran, May 3 (IANS) Iran wants guarantees of non-aggression and the withdrawal of US military forces from the areas surrounding it in its response to the United States’ nine-point proposal, local media reported on Sunday. Iran has delivered a response to the United States’ nine-point proposal, focusing on the issue of an “end to the […]
OPEC+ agrees to oil output quota hike amid Hormuz blockade, Kuwait oil exports zero
New Delhi, May 3 (IANS) Amid the ongoing West Asia conflict, OPEC+ countries have agreed in principle to raise oil output targets in June. Multiple reports say that seven OPEC+ countries have agreed to raise oil output targets by about 188,000 barrels per day next month. The output hike would rather be largely symbolic until […]
Centre poised to clear fresh incentive package to boost coal gasification projects
New Delhi, May 3 (IANS) The Centre is likely to approve a fresh package of financial incentives this month to boost coal gasification projects with an estimated outlay of over Rs 35,000 crore, according to reliable sources. The Cabinet proposal drawn up by the Ministry of Coal will scale up the earlier Rs 8,500 crore […]
Nifty, Sensex likely to stay range-bound with mild bullish bias: Experts
Mumbai, May 3 (IANS) India’s benchmark indices Nifty and Sensex are expected to remain range-bound in the near term, with a slight bullish undertone in Nifty but continued caution in the broader market, according to experts on Sunday. The Nifty began the week on a positive note with a modest gap-up and largely moved within […]
UAE lifts curbs on airspace, more flights operating on Gulf routes
New Delhi, May 3 (IANS) The UAE General Civil Aviation Authority has announced the full resumption of normal air navigation operations within UAE airspace and the lifting of temporary precautionary measures, and consequently, Indian and UAE carriers have started operating more flights from the UAE to various destinations in India, according to a statement issued […]
No power crisis, no coal shortage in India: PIB Fact Check dismisses viral claims
New Delhi, May 3 (IANS) Dismissing viral claims of a severe power crisis in the country, the government’s fact-checking arm PIB Fact Check on Sunday said there is no coal shortage or grid failure in India and termed such posts as misleading. The clarification came after a widely circulated post on X by a user […]
Another India-linked LPG tanker crosses Strait of Hormuz amid blockades
New Delhi, May 3 (IANS) An India-linked liquefied petroleum gas (LPG) tanker has successfully crossed the strategically vital Strait of Hormuz, marking a rare transit amid heightened tensions and severe disruptions to global energy flows. The Marshall Islands-flagged vessel, Sarv Shakti, carrying around 45,000 tonnes of LPG commonly used as cooking fuel, was tracked moving […]
AI trade behind FPI outflows from India as AI stock overvaluation concerns linger
New Delhi, May 3 (IANS) As long as the artificial intelligence (AI) trade continues, the trend of foreign portfolio investors (FPIs) outflows from India is likely to continue, analysts said on Sunday. A significant trend in FPI flows this year is that Japan, South Korea and Taiwan are attracting significant inflows while India and some […]
Alkem Labs gets 7 USFDA observations at Daman Plant after inspection
New Delhi, May 3 (IANS) Pharmaceutical major Alkem Laboratories has come under regulatory scrutiny after the United States Food and Drug Administration (USFDA) issued inspectional observations at its manufacturing facility in Amaliya, Daman, following a recent audit. The inspection, conducted over 12 days from April 20 to May 1, concluded with the issuance of a […]
Mission Drishti a testament to youth innovation: PM Modi after GalaxEye satellite launch
New Delhi, May 3 (IANS) Prime Minister Narendra Modi on Sunday hailed Mission Drishti as a major milestone in India’s space journey, saying the successful launch of the world’s first OptoSAR satellite reflects the passion of the country’s youth for innovation and nation-building. In a post on X, PM Modi congratulated the team behind the […]
