energy crisis
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Market Ignoring Rising Costs in Indian Auto Industry
New Delhi, April 3 – The Indian auto companies are facing significant cost pressures, but the market is systematically underestimating them, according to a report released on Friday. This is happening even as investor sentiment towards India has become distinctly more cautious.A BNP Paribas... - H
Sri Lanka Explores Russian Oil Purchase as Fuel Shortages Persist
Colombo, March 26 Sri Lanka and Russia began talks here on Thursday aimed at purchasing Russian oil to strengthen bilateral energy cooperation, officials said.The talks were led by visiting Russian Deputy Energy Minister Roman Marshavin, the Russian Embassy said.Officials of the state oil... - H
Coal Market Dynamics: India Auctions Reflect Demand Pressure
New Delhi, March 26 The domestic coal market is witnessing rising demand and price pressure as the West Asia crisis is triggering an energy crisis, while the power sector remains steady on the back of coal and renewables, mjunction services said on Thursday.According to mjunction services, a... - H
India Plans to Reduce Broken Rice in PDS, Boosting Ethanol Production
Government Plans to Cut Broken Rice Share in PDS to Boost Ethanol Supply New Delhi, March 24: The Indian government is preparing to reduce the proportion of broken rice distributed through the Public Distribution System (PDS) from 25% to 10%, a move expected to free up nearly 90 lakh tonnes... - H
West Asia Conflict Sparks Economic Concerns and LPG Shortages in India
Modi Addresses Lok Sabha on West Asia Conflict, LPG Shortage Prime Minister Narendra Modi on Monday termed the prevailing situation in West Asia “worrisome” as it is having a very adverse impact on the global economy and the livelihoods of people. Modi is expected to address the Lok Sabha around... - H
S. Korea Sees Second Month of Falling Foreign Currency Deposits
South Korea Sees Second Consecutive Drop in Foreign Currency Deposits in February Seoul, March 23 – Foreign currency deposits in South Korea declined for the second straight month in February, driven by reductions in both corporate and individual holdings, according to data released by the Bank... - H
IEA Warns of Global Economic Threat from Middle East Crisis
IEA Chief Warns of Global Economic Threat Amid Middle East Energy Turmoil Escalating Tensions Trigger Largest Oil Supply Disruption New Delhi, March 23 – The International Energy Agency (IEA) chief, Fatih Birol, has issued a stark warning that the global economy faces a significant threat due to...