The Press Editor

New Delhi: As uncertainties continue over when the US-Iran war will end, the government on Thursday announced temporary relief measures for industries reliant on petrochemical inputs. As the global supply chain continues to be disrupted, the government has exempted the import of critical petrochemical products from customs duty. The move will also provide relief to consumers of final products amid the crisis in West Asia.  Exemption Valid till June 30 The duty exemption, which is valid until June 30, will benefit sectors dependent on petrochemical feedstock and intermediates, such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, and other manufacturing…

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Thursday, following weak global cues amid heightened war jitters over Iran.  While the 30-share BSE Sensex tumbled 872.27 points or 1.38 per cent to start the session at 72,262.05, the Nifty fell 296 points to open at 22,383.40. In the last trading session, the Sensex closed at 73,134.32 and the Nifty 50 at 22,679.40. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed 176.18 points, or 1.17 per cent, in the early…