A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence.
India plans major plastics capacity expansion to meet rising domestic demand driven by industrialisation, urbanisation, and manufacturing growth, accounting for roughly 20 per cent of global additions by 2030, maintaining its key role in the global plastics market, according to GlobalData.
India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels as conflict escalates in the Middle East.
IHC, a global investment company focused on building dynamic value networks, today announced that it has received all requisite regulatory approvals to acquire approximately 41.5% stake in Sammaan Capital Limited on a fully diluted basis, for a total transaction value of approximately $1 billion (INR 8,850 crore).
Indian companies on March 3 reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top producer Qatar halted production, four industry sources with knowledge of the matter said to Reuters.
Bahrain's national carrier Gulf Air has announced the operation of limited repatriation flights to select destinations in the Indian subcontinent via King Fahd International Airport in Dammam, further supporting passenger travel during the temporary closure of Bahrain’s airspace.
US President Donald Trump spoke to Indian Prime Minister Narendra Modi on Tuesday about the West Asia situation, including the need to secure the key energy waterway, Strait of Hormuz, that remains under an Iranian blockade. Modi reiterated India’s support for de-escalation and restoration of peace at the earliest.
Leading low-cost carrier Jazeera Airways has announced that it has established a vital supply chain corridor into Kuwait via Qaisumah Airport (AQI) in the Kingdom of Saudi Arabia, successfully transporting its first shipment of 4.5 tonne of fresh fruits and vegetables from Chennai, India, into the country.
Indian Prime Minister Narendra Modi held talks with Iranian President Masoud Pezeshkian and Bahrain's King Hamad bin Isa Al Khalifa to discuss the evolving situation in the Middle East. He condemned the attacks on critical GCC infrastructure and emphasised the need to ensure secure maritime routes.
AirCairo, Egypt’s hybrid national airline carrier, announced the appointment of Aeroprime Group as its Exclusive Cargo General Sales and Service Agent (GSSA) for India and the UAE.
