'Within six months I expect petrol, diesel, and electric vehicles (EVs) to reach cost parity,' says Union Minister for Road Transport and Highways Nitin Gadkari.
Iran's Islamic Revolutionary Guard Corps (IRGC) claims control of the Strait of Hormuz and reports striking a US destroyer, escalating tensions in the Middle East following retaliatory strikes between Iran, the US, and Israel.
Iran has not closed the Strait. It remains open; however, due to current conditions and circumstances, ships are unable to pass through the Hormuz. Otherwise, Iran never wanted the Strait to be closed or blocked, the supreme leader's representative said.
Amid escalating tensions with Iran, President Trump is urging nations dependent on Middle Eastern oil to deploy warships to the Strait of Hormuz to safeguard critical global energy supplies.
The Israeli military said the strike dismantled the bunker during ongoing operations against Iranian military infrastructure.
The Iran conflict led to a sharp correction in Reliance Industries Ltd's (RIL's) share price, which has been partially reversed by a rebound.
Quoting assembly of experts member Mirbaqeri, the report stated that while a "majority consensus over Khamenei's successor has been reached," the transition process is not yet fully complete as "some obstacles regarding the process need to be resolved."
The Indian embassy in Tehran has earlier stated that it is facilitating the safe movement of nationals who wish to leave Iran.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
We will explore some of the reasons why a stock-only portfolio may no longer be sufficient and some of the modern alternatives and strategies that can help investors build resilient and profitable portfolios.
Gold prices are expected to remain volatile next week as investors track geopolitical developments in the Middle East and key macroeconomic data releases that could shape the sentiment in the domestic market, analysts said.
Even as the benchmark and broader indices were down sharply on Monday due to escalating tensions in West Asia, the Nifty Defence index ended the session in the green.
On the back of an aggressive asset monetisation push, the government will press the throttle on the build-operate-transfer (BOT) model - under which private developers fund highway construction - for future highway development, Union Minister for Road Transport and Highways Nitin Gadkari said.
Gold prices surged in futures trading due to escalating US-Iran tensions, driving demand for the safe-haven asset.
Eight people have been arrested for posing as police officers and robbing a man of 5,000 in a currency exchange scam near Kalyan railway station.
If the oil infrastructure is attacked by the United States, the whole area could be flooded with oil, spilling into the Persian Gulf.
'The next phase of India's IPO cycle will be defined by quality, pricing discipline and investor selectivity.'
The message is becoming clearer: Employees who fail to meaningfully integrate AI into their work risk falling behind in performance assessments.
The Bombay High Court has ruled that accepting a bribe constitutes acquiring proceeds of crime, denying relief to a former municipal official arrested in a money laundering case.
The TMC has written to the Election Commission alleging procedural irregularities in the scrutiny of nomination papers of BJP's Rajya Sabha candidate Rahul Sinha, claiming discrepancies in his election affidavit were overlooked.
Shiromani Akali Dal (SAD) president Sukhbir Singh Badal has criticised the Aam Aadmi Party (AAP) government in Punjab, alleging a decline in law and order and accusing them of using financial schemes to sway voters ahead of elections.
India's forex reserves jumped $8.663 billion to hit a new all-time high of $725.727 billion in the week ended February 13, the RBI said on Friday.
This threat comes as the assembly of experts in Iran has reportedly reached a majority consensus regarding the successor to the late Supreme Leader Ayatollah Ali Khamenei, according to the Tehran-based Mehr News Agency (MNA).
From a modest salary to Rs 1 crore, here's Ramalingam Kalirajan's smart compounding blueprint for young earners
The Congress-led UDF is closely monitoring CPI(M) leader G Sudhakaran's decision to contest as an independent candidate in the upcoming Assembly election. UDF leaders are considering supporting Sudhakaran, while the CPI(M) expresses disappointment and denies mistreatment.
Amid rising tensions in West Asia following a series of strikes and counter-strikes, the United States Embassy in Muscat on Tuesday instructed its staff to shelter in place.
The Enforcement Directorate on Friday said it has attached assets worth a combined Rs 8 crore of former Indian cricketers, actors and models like Yuvraj Singh, Robin Uthappa, former Trinamool Congress MP Mimi Chakraborty, Sonu Sood and some others as part of its money laundering probe against an 'illegal' betting app named 1xBet.
Iran is fighting a different war: Older, slower, and in some ways more dangerous. Iran doesn't need to shoot down an F/A-18. It only needs to make the Strait of Hormuz feel dangerous long enough for insurance markets, shipping companies, and oil futures traders to do the rest. Prem Panicker continues his must-read daily blog on the war in the Middle East.
A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal Modi, asking them to explain why they should not be declared fugitive economic offenders in the Punjab National Bank scam.
United States President Donald Trump on Friday declared that there would be 'no deal with Iran except unconditional surrender' amid the escalating West Asia conflict, asserting that Tehran must capitulate before any diplomatic negotiations can proceed.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The escalating conflict involving the U.S. and Israel with Iran has led to widespread disruption in the world of sports, with events postponed, travel plans thrown into chaos, and athletes seeking asylum.
The Reliance Centre, a guesthouse and some residential assets in Mumbai, apart from 231 plots of land in Chennai, are among the fresh assets worth Rs 1,120 crore attached by the ED as part of its ongoing money-laundering probe against the companies of Reliance Group chairman Anil Ambani.
'Torpedoes travel at more than 100 kilometres per hour, about 50-60 knots.' 'It must have been a matter of a few minutes before it detonated under the Iranian ship.' 'The Iranian ship would have probably got three, four minutes and wouldn't have known till they actually heard the whirr of the torpedo.'
Investors with a 6 to 12 month horizon may consider them. They should align their holding period with the fund's maturity profile and prefer schemes with a lower expense ratio.
He also criticised the possible succession of the son of the late supreme leader of the Islamic Republic, Mojtaba Khamenei, who is widely viewed as a leading contender for the position.
Chinese foreign ministry spokesperson Mao Ning said that the country believes that dialogue and negotiation are the only viable solutions to resolving disputes and that the continued escalation of the conflict serves no one's interests.
A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal, asking them to explain why they should not be declared fugitive economic offenders in connection with the Punjab National Bank scam.
India's forex reserves dropped by $6.71 billion to $717 billion during the week ended February 6, the RBI said on Friday.
Sunil Gavaskar praises Sanju Samson's remarkable transformation in the T20 World Cup, highlighting his match-winning performances after facing earlier setbacks.
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