The petroleum sector has urged industry stakeholders to explore ethanol as a clean cooking fuel for households, as part of broader efforts to reduce India’s dependence on imported LPG and expand the biofuel ecosystem.R S Ravi, Director (Downstream) at the Federation of Indian Petroleum Industry (FIPI), raised the proposal while addressing the All India Distillers’…
PM Narendra Modi (ANI image) NEW DELHI: Prime Minister Narendra Modi on Tuesday addressed the impact of the ongoing West Asia war on India’s fuel supplies, assuring the country of sufficient crude oil storage and uninterrupted supply arrangements.Speaking in the Rajya Sabha, PM Modi said the conflict has created a serious fuel crunch globally and…
State Petroleum and Natural Gas minister Suresh Gopi on Monday said that India’s strategic oil reserves are designed to provide cover for about 9.5 days of supplies during disruptions or price shocks.The announcement comes as global crude oil prices continue to rise amid the ongoing conflict in the Middle East, raising concerns over supply disruptions…
Experts have cautioned that the ongoing Middle East conflict will impact India’s growth story. (AI image) In the first signs of the impact of the US-Iran war on the Indian economy, the private sector recorded its slowest expansion in more than three years in March, according to the latest HSBC PMI survey. Rising prices linked…
Indian Railways refund and cancellation rules New refund rules 2026: Indian Railways has announced a new set of refund rules for its train tickets. As per the new rules, if a passenger chooses to cancel the train ticket within 24 to 72 hours of the scheduled departure, there will be 25% deduction in the train…
Traders actually placed positions worth nearly half a billion dollars in the oil market roughly 15 minutes before Trump’s social media post. (AI image) Did someone in the oil market know that US President Donald Trump is about to post an update on ‘productive talks with Iran’? Traders actually placed positions worth nearly half a…
Gold price prediction today: Gold prices are likely to remain range-bound in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan Source link
Stock market today (AI image) Stock market today: Indian equity benchmarks Nifty50 and BSE Sensex rallied in opening trade on Tuesday after a day of massive selloff. Hopes of an early halt to the US-Iran war led to the stock market rebounding. While Nifty50 went above 22,800, BSE Sensex was up over 1,100 points. At…
Experts have indicated that if oil prices stay elevated, the currency could move into the 94–95 per dollar range. (AI image) Rupee depreciated against the US dollar in early trade on Tuesday, falling to levels of 93.71, down 18 paise from its Monday closing. On Monday, the rupee had breached the 94 per dollar mark…
Morgan Stanley has an equal weight rating on ITC with the target price at Rs 346. Analysts said the sharp tax increases are unprecedented and are leading to uncertainty. ITC shares are down 25% so far in the year against a 10% loss in sensex. They believe incremental pricing actions and impact on volumes and…
