Search For "red sea"
India urgently expands oil storage amid mounting geopolitical risks
Updated : 2 years, 2 months ago IST
According to S&P Global Commodity Insights, the move is prompted by India's vulnerability to disruptions in the energy supply chain, especially in critical regions like the Red Sea and the Middle East.
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S&P Global Commodity insights: Russian crude demand in India holds fir
Updated : 2 years, 2 months ago IST
Analysis from S&P Global Commodity Insights indicates that while Indian refineries have moderated their appetite for Russian crude in recent months compared to the first half of 2023, Russia maintains its position as the top supplier, contributing over 35 per cent of India's total crude
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"Not seeking wider conflict in Middle East": White House after US sinks Ho
Updated : 2 years, 2 months ago IST
Hours after the US helicopters sank three Houthi boats in the Red Sea, the White House issued a statement saying that it is not seeking a 'wider conflict' in the Middle East, CNN reported.
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Israel delays some new taxes on imported items due to war
Updated : 2 years, 2 months ago IST
Imported electric vehicles whose arrival at ports in Israel was delayed due to the security situation in the Red Sea will not be subjected to the tax increase on such items.
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US warship shot down three Houthi boats after attempted Hijack in Red Sea
Updated : 2 years, 2 months ago IST
The Iranian-backed Houthis attacked a merchant vessel, MAERSK HANGZHOU and US Navy helicopters in the southern Red Sea on Sunday and attempted to board the vessel, US Central Command said.
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US shoots down 2 Houthi anti-ship ballistic missiles, second such incident
Updated : 2 years, 2 months ago IST
For the second time in a week, the US on Sunday shot down two anti-ship ballistic missiles in response to a Houthi attack on a merchant vessel, the US Central Command stated.
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"India carefully evaluating all aspects of unfolding situation in Red Sea"
Updated : 2 years, 2 months ago IST
India values the free movement of commercial shipping and is closely evaluating all aspects of the unfolding situation in Red Sea, the Ministry of External Affairs said on Friday.
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India will become USD 5 trillion economy in 2-2.5 years: Piyush Goyal
Updated : 2 years, 2 months ago IST
Commerce and Industry Minister Piyush Goyal has said that in the next two and a half years, India will become a USD 5 trillion economy while addressing media persons at the launch of the E-Commerce Export Handbook for MSMEs at an event in New Delhi.
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L&T bags major order in Saudi Arabia
Updated : 2 years, 2 months ago IST
The construction arm of Larsen and Toubro has been chosen as the contractor to establish various systems related to renewable energy generation and utilities, for the Amaala project in the Red Sea region of Saudi Arabia, the company informed stock exchanges on Wednesday.
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US shoots down 12 Houthi attack drones, 5 missiles in Red Sea
Updated : 2 years, 2 months ago IST
There was no damage to ships in the area or injuries reported, the US Central Command (CENTCOM) said.
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Maersk to resume shipping in the Red Sea
Updated : 2 years, 2 months ago IST
Shipping giant Maersk will resume operations in the Red Sea after temporarily halting activity due to attacks by Iran-backed Houthi rebels on commercial vessels, CNN reported.
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Houthi attack: Navy denies US claim, says MV SAIBABA tank not India-flagge
Updated : 2 years, 2 months ago IST
Following a drone attack on two vessels in the Red Sea by the Iran-backed Houthi militants, which included MV SAIBABA, a crude oil tanker; the Indian Navy on Sunday said all 25 Indian crew members on board are safe, clarifying that it wasn't an India-flagged vessel, as claimed by the US e
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