In a first since fuel price deregulation, state-run oil marketing companies (OMCs) have moved to pay discounted rates to refineries for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses arising from a self-imposed freeze on retail fuel prices, sources told PTI.OMCs on March 26 fixed rates for petroleum products at discounts…
Stock market ended the holiday-shortened week in red, dragging down the combined valuation of six of India’s ten most valued companies by Rs 64,734.46 crore, with Bharti Airtel emerging as the biggest loser. The broader market reflected the subdued sentiment, as the BSE Sensex slipped 263.67 points, or 0.35 per cent, while the NSE Nifty…
Foreign portfolio investors (FPIs) extended their heavy sell-off in Indian equities this week, pulling out a net Rs 23,801 crore, as global uncertainties and rising crude oil prices continued to dampen investor sentiment.Data from the National Securities Depository Limited showed that March had already seen substantial outflows, with FPIs offloading equities worth Rs 1,17,775 crore,…
As tensions in the Middle East continue to escalate, the effects are no longer confined to the conflict zone, they are beginning to show up in daily routine across economies. In the United States, rising fuel costs triggered by the war against Iran are now filtering into everyday life, quietly reshaping how businesses operate and…
The Middle East war has pushed energy prices higher, affecting lives across the globe. As the crisis has crossed one month, oil prices have stayed beyond the $100 per barrel mark and ripples are visible across the globe. While some countries are encouraging measures to move beyond fuels, others are forced to raise prices, making…
Representative image (AI-generated) Amid the ongoing Middle East crisis that has disrupted the global oil supply chain, Indian refiners have made their first purchase in seven years since 2019, according to Reuters.India had not received any cargo from Tehran since the US pressured it to halt crude imports, according to the petroleum ministry. This marks…
As the Middle East war has stretched beyond a month, energy prices have soared sharply, sending ripples across the globe. Iran’s chokehold of Strait of Hormuz has pushed fuel costs higher, hitting energy supplies for major economies. The impact is visible in multiple sectors in India, with higher costs of fuel and petrochemical products feeding…
India’s pharmaceutical exports remained on a growth track in the last financial year despite global headwinds, crossing $28 billion during April–February FY26, while industry leaders said the sector is on course to nearly double in size to $130 billion by 2030.Speaking at the inaugural session of the ‘Chintan Shivir: Scaling Up Pharma Exports’ on Saturday,…
A prolonged conflict in Middle East could begin to hurt India’s exports not just to the region but also to other global markets, as disrupted supply chains ripple outward, commerce secretary Rajesh Agrawal said on Saturday, He also urged the pharmaceutical industry to reduce dependence on imported raw materials and build more resilient export and…
NEW DELHI: Govt is working to step up the supply of induction cooktops and vessels, while nudging companies and institutional kitchens to move to electricity-based cooking to reduce pressure on gas.To meet the immediate requirement of cooktops, whose demand has increased in the wake of LPG concerns, imports are lined up, while domestic production is…