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Boost for energy security! India signs MoU on strategic petroleum reserves, LPG supplies during PM Modi’s UAE visit

In a boost to India’s energy security, several MoUs have been signed during PM Narendra Modi’s UAE visit on Friday. PM Modi’s visit to the UAE amid the ongoing US-Iran conflict and global crude oil price shock holds particular significance.According to an ANI report, several key agreements and investment commitments were announced during the trip….

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25% stakeholder took blow of $743m

NEW DELHI: The turbulence Indian airlines are facing for over a year now has started denting the fortunes of their foreign partners. The going got tough for them after the US-Iran war erupted on Feb 28. Singapore Airlines (SIA), 25.1% stakeholder in Air India (AI), on Thursday disclosed that AI lost $2.8 billion (over Rs…

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Oracle revokes job offers made to students of IIT and other biggest engineering colleges; here’s the reason ‘cited’

Oracle recently announced layoff of around 20,000 employees across its global offices. Now, the US software giant has reportedly revoked dozens of job offers made to students at India’s premier engineering colleges, including the Indian Institute of Technology (IITs) and National Institute of Technology (NITs). The move comes in the wake of recent mass layoffs…

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Donald Trump on US-China talks

US President Donald Trump said Chinese President Xi Jinping wants the Strait of Hormuz reopened, as the two leaders discussed the ongoing Iran conflict and global energy disruptions during high-level talks in Beijing.Speaking to Fox News after his meeting with Xi, Trump said both leaders agreed that the strategically crucial shipping route, effectively shut since…

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All you need to know

Two inaugural buses were launched for passenger services from the Central Secretariat Metro station today at 8:30 am. NEW DELHI: Delhi Metro Rail Corporation (DMRC), in collaboration with the Ministry of Housing and Urban Affairs and the Ministry of Petroleum and Natural Gas, has launched an integrated hydrogen-powered shuttle bus service in Delhi’s Central Vista…

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Indian Oil director calls it ‘very small rise’; says refineries operating at over 100% capacity

Commenting on the fuel price revision, Arvind Kumar of IOCL said that the hike was relatively small despite mounting global pressures. (AI image) Calling the petrol and diesel price hike a ‘small rise’, Indian Oil Corporation Limited (IOCL)‘s Director (Refineries) Arvind Kumar has said that refineries are running at over 100% capacity to maintain uninterrupted…

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