Japan becomes first G7 country to announce release of strategic oil reserves amid Middle East crisis This is a developing story. It will be updated. Source
Category: Testing
IEA may recommend release of strategic oil reserves amid Iran war concerns: Reuters
The International Energy Agency (IEA) is considering recommending a coordinated release of oil from global strategic reserves as tensions linked to the , according to sources familiar with internal discussions…
Will costlier oil weaken the rupee and widen India’s trade deficit?
India’s economy could face renewed pressure if global crude oil prices continue to rise, especially as the rupee has already shown signs of weakening in recent weeks. The latest report…
Sensex tumbles over 700 points: Why is the stock market falling today?
Domestic benchmark indices extended losses on Wednesday after opening in the green, with heavy selling in banking, auto and IT stocks dragging the market sharply lower. At around 10:47 am,…
India eases FDI rules for neighbouring countries: What the new 10% rule means
India has relaxed some foreign investment rules for countries that share a land border with it, a move aimed at making it easier for businesses to raise funds while keeping…
Why Reliance Industries shares are gaining in early trade today
Shares of Reliance Industries Limited (RIL) rose in early trade on Wednesday after reports that the company could be involved in a major oil refinery project in the United States…
Air India raises fuel surcharge as Iran war pushes up jet fuel prices; travel to get costlier
Air travel is set to become costlier, with Air India announcing a phased fuel surcharge on domestic and international routes amid a sharp rise in jet fuel prices linked to…
G7 stops short of releasing oil reserves, asks IEA to assess market options
Energy ministers from the G7 group of countries stopped short of deciding on the release of strategic oil reserves in a call on Tuesday and instead asked the International Energy…
India eases FDI rules for China, allows up to 10% stake without government approval
India has eased foreign direct investment (FDI) rules for companies linked to China and other neighbouring countries that share land borders with it, allowing limited investments without prior government approval.…