Union petroleum and natural gas minister Hardeep Singh Puri on Tuesday soothed concerns over energy supplies across the country, saying that fuel and cooking gas supplies remain stable. Addressing the CII Annual Business Summit, Puri said that the country currently holds crude oil and LNG reserves sufficient for 69 days, while LPG stocks can last…
Crude prices stayed elevated as hopes of a quick resolution to the Middle East conflict weakened, raising fears that the closure of the Strait of Hormuz could continue for longer. (AI image) Stock market crash today: BSE Sensex and Nifty50 plunged in trade on Tuesday continuing their downward streak as global crude oil prices continued…
The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”.The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard Corps,…
NEW DELHI: The government announced the rationalisation of royalty rates and methodologies for crude oil, natural gas and casing head condensate (a light hydrocarbon liquid obtained during gas production), in a move aimed at simplifying regulations and boosting India’s upstream energy sector.Union petroleum and natural gas minister Hardeep Singh Puri said the decision would bring…
India has reportedly turned down Russia’s offer to sell liquefied natural gas (LNG) cargoes that are under US sanctions, despite rising energy concerns linked to tensions in the Middle East.The decision has left at least one Russia-linked LNG shipment stranded near Singapore while discussions continue over what supplies India can legally purchase.According to a Reuters…
Top stocks to buy or sell today (AI image) Stock market recommendations: Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan has picked Max Healthcare Institute, and Coal India as the top stocks to buy today (May 12, 2026). AU Small Finance Bank is a sell call from the analyst.Max Healthcare Institute: Buy in…
Equity markets extended their losing streak for a third consecutive session on Monday, with benchmark indices witnessing sharp declines as crude oil prices surged after the United States and Iran failed to secure a peace agreement aimed at ending the ongoing conflict in West Asia. The BSE Sensex, comprising 30 shares, plunged 1,312.91 points or…
A day after Prime Minister Narendra Modi’s call for austerity measures to curb fuel consumption, including reviving work-from-home, companies have begun reviewing the possibility of getting at least some employees to come to office on fewer days.Large conglomerates, including the Tata Group and Reliance Industries, are reassessing workplace policies and exploring greater flexibility for employees…
MUMBAI: Four early investors in Billionbrains Garage Ventures that operates the leading fintech platform Groww, are together selling 4.3% stake worth about $500 million (close to Rs 4,800 crore) in the recently-listed company. Peak XV, Sequoia, Y Combinator and Ribbit, the selling shareholders, have mandated Kotak Securities and JP Morgan India to sell the shares…
MUMBAI: Indians’ love for gold is ever shining but the steep prices of the yellow metal over the past several quarters have nudged consumers to find ways to ease burden on their pockets while keeping the heft and appeal of jewellery intact. For instance, consumers are buying less of new gold but instead recycling or…