The Organization of Petroleum Exporting Countries and its allies, which include Russia, meet the following day to consider output levels for April.(Reuters file photo)
The Organization of Petroleum Exporting Countries and its allies, which include Russia, meet the following day to consider output levels for April.(Reuters file photo)

Iran to attend OPEC+ committee meeting next month: Report

While Iran -- exempted from OPEC’s production cuts because it’s output has been hit by U.S. sanctions -- isn’t a member of the Joint Ministerial Monitoring Committee (JMMC), it will be represented at the panel’s March 3 gathering, the delegate said.
Bloomberg
PUBLISHED ON FEB 21, 2021 06:58 PM IST

Iran is set to attend the meeting of an OPEC+ advisory committee next month, according to a delegate who declined to be identified.

While Iran -- exempted from OPEC’s production cuts because it’s output has been hit by U.S. sanctions -- isn’t a member of the Joint Ministerial Monitoring Committee (JMMC), it will be represented at the panel’s March 3 gathering, the delegate said. The Organization of Petroleum Exporting Countries and its allies, which include Russia, meet the following day to consider output levels for April.

It’s not uncommon for non-JMMC members to participate in its sessions, with OPEC nations such as Libya and Venezuela having attended in the past.

Yet Iran’s presence is less typical, and comes as the Islamic Republic engages in a diplomatic back-and-forth that could eventually lift sanctions on Iranian crude exports. If significant volumes from the country hit world markets, that could complicate OPEC’s efforts to clear surplus oil inventories left behind during the pandemic.

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FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)

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PUBLISHED ON FEB 25, 2021 07:57 AM IST
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“The PIPE and SPAC (special purpose acquisition company) investors will hold 20% and 10%, respectively in the combined entity,” Sumant Sinha, ReNew Power chairman and managing director told Mint.

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Flipkart plans to have charging infrastructure at nearly 1,400 supply chain centres.(REUTERS)
Flipkart plans to have charging infrastructure at nearly 1,400 supply chain centres.(REUTERS)

Flipkart looks to deploy 25,000 Electric Vehicles by 2030

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The decision, announced by finance minister Nirmala Sitharaman, is expected to improve efficiency and competition while helping smaller banks earn revenue.(PTI Photo)
The decision, announced by finance minister Nirmala Sitharaman, is expected to improve efficiency and competition while helping smaller banks earn revenue.(PTI Photo)

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PUBLISHED ON FEB 25, 2021 07:23 AM IST
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Das also said the RBI is “very much in the game” and is getting ready to launch its own digital currency.(ANI file photo)
Das also said the RBI is “very much in the game” and is getting ready to launch its own digital currency.(ANI file photo)

RBI has concerns about cryptocurrencies: Governor Shaktikanta Das

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Covid-19: Australia's Qantas delays expected restart of international travel
Covid-19: Australia's Qantas delays expected restart of international travel

Covid-19: Australia's Qantas delays expected restart of international travel

Bloomberg
PUBLISHED ON FEB 25, 2021 07:18 AM IST
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Sebi may launch an in-depth investigation and initiate adjudication proceedings against NSE if any fault is found at the exchange level, the person sa(PTI File Photo)
Sebi may launch an in-depth investigation and initiate adjudication proceedings against NSE if any fault is found at the exchange level, the person sa(PTI File Photo)

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As trading resumed at 3.45pm, in a special session, stocks surged, confounding investors with the sheer velocity of the rally.(AP)

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Centre estimates the scheme will help the pharma sector clock incremental sales of <span class='webrupee'>₹</span>2.94 lakh crore and incremental exports worth <span class='webrupee'>₹</span>1.96 lakh crore during the six years. (File Photo. Representative image)
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GST authorities are using data analytics and AI to track tax evaders, the first official said.
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Modi said the FY22 budget has put forward a clear roadmap to put the economy on a high-growth trajectory and the PSE policy announced in the Budget aims at right utilization of public money.(PTI Photo)
Modi said the FY22 budget has put forward a clear roadmap to put the economy on a high-growth trajectory and the PSE policy announced in the Budget aims at right utilization of public money.(PTI Photo)

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Modi said it is not necessary or possible for the government to remain the owner of so many central public sector enterprises (CPSEs) and the government should rather focus on public welfare and development. “That’s why I say government has no business to remain in business,” he added.
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A surge in household savings under lockdown has fueled speculation of a rapid increase in consumer demand as the government starts to unwind virus restrictions next month.(AFP Photo)
A surge in household savings under lockdown has fueled speculation of a rapid increase in consumer demand as the government starts to unwind virus restrictions next month.(AFP Photo)

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Bloomberg
PUBLISHED ON FEB 24, 2021 11:45 PM IST
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Customers are being given discounts and cashback offers on several product categories such as TVs, laptops, mobile phones, air conditioners and refrigerators.(Mohd Zakir/HT File Photo)
Customers are being given discounts and cashback offers on several product categories such as TVs, laptops, mobile phones, air conditioners and refrigerators.(Mohd Zakir/HT File Photo)

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PTI
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Prime Minister Narendra Modi PM Modi said in the seminar that most public sector enterprises incur losses and that burdens the economy (PTI Photo)(PTI)
Prime Minister Narendra Modi PM Modi said in the seminar that most public sector enterprises incur losses and that burdens the economy (PTI Photo)(PTI)

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By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON FEB 24, 2021 08:22 PM IST
  • Reiterating his government’s stance on privatisation, the Prime Minister said, “We have made it clear in the new public sector enterprise policy that government will have limited role in only four strategic sectors and all other public sector units can be privatised.”
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The financial sector will contribute around 50 per cent of the incremental supply, followed by innovation (close to 25 per cent) and infrastructure (about 20 per cent), the agency said.(Shutterstock)
The financial sector will contribute around 50 per cent of the incremental supply, followed by innovation (close to 25 per cent) and infrastructure (about 20 per cent), the agency said.(Shutterstock)

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PTI
PUBLISHED ON FEB 24, 2021 07:55 PM IST
The demand for corporate bonds, however, is likely to be 60-65 lakh crore by March 2025.
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