Crude oil prices spiked in the wake of a massive incursion into Israel from Gaza launched by the Palestinian Islamist group on Oct. 7.
896 cases of under-valuation detected last year, recovery process was underway, says government
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
Shailesh Chandra also spoke about the charging infrastructure in India, and when there could be price parity with internal combustion engine (ICE) cars.
The Singur plant, presently closed, was initially set up to manufacture Tata Nano cars with an investment of 10 billion rupees.
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Exports in June dropped 22 per cent to $32.97 billion, mainly due to demand slowdown in the global markets from $42.28 bn a year earlier.