Category: Business

US President Donald Trump reacted to a social media post suggesting that a “wave of empty tankers” is heading towards the United States to collect crude oil. Sharing the post on Truth Social on Saturday, Trump wrote, “Great!!!”The post, by oil market researcher Rory Johnston, read, “Very cool seeing the wave of empty tankers heading […]

Two US senators have called for a federal probe into suspicious oil trading activity that took place shortly before major announcements by US President Donald Trump on the Iran conflict, raising concerns about potential insider trading.On Friday (local time), Democratic senators Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island urged the US Commodity […]

Reserve Bank of India on Friday proposed a simpler way to identify large non-banking financial companies (NBFC) for stricter regulation, pegging it to assets of over Rs 1 lakh crore, replacing a complex scoring system. The proposed shift has immediate implications for large financial holding companies. Tata Sons, with a standalone asset size of Rs […]

NEW DELHI: After months of haggling, the auto industry seems to have been comforted by the latest draft of the Corporate Average Fuel Efficiency (CAFE 3) norms, which encourage the use of new technologies and target major improvements, starting April 2027. CAFE are govt-mandated norms to reduce fuel consumption and carbon dioxide across a carmaker’s […]

NEW DELHI: As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the West Asia for sourcing oil and gas, ONGC chairman and CEO Arun Kumar Singh said on Friday. India, which […]

Shapoor Mistry too calls for public listing SP group chairman Shapoor Mistry, who represents the single largest minority shareholder in the Tata group, on Friday sought a public listing of Tata Sons as a “necessary” step that would secure and unlock value for stakeholders and boost the income of the trusts. The pitch came after […]

Gold prices traded lower in futures markets on Friday, tracking weak global cues and softer spot demand.Data from the Multi Commodity Exchange (MCX) showed that the June contract fell by Rs 1,363, or 0.89%, to Rs 1,52,071 per 10 grams, with a business turnover of 2,219 lots. Analysts attributed the decline to subdued global trends. […]

India’s foreign exchange reserves rose by $9.063 billion to $697.121 billion for the week ended April 3, 2026, reversing the decline seen in the previous week, PTI reported.The reserves had dropped by $10.288 billion to $688.058 billion in the week ended March 27.The forex kitty had earlier touched an all-time high of $728.494 billion in […]

Bengaluru: Swiggy cofounder Nandan Reddy has stepped down from the company’s board and will exit the firm to pursue independent projects, marking a key founding-level transition at the listed food delivery and quick commerce platform.The company disclosed in a stock exchange filing on Friday that Reddy is “stepping down from his board position and moving […]

Commerce and Industry Minister Piyush Goyal on Friday held separate discussions with his Kuwaiti and UAE counterparts, as well as with the GCC Secretary General, on containing disruptions in energy supplies and restoring trade flows at the earliest amid the ongoing West Asia crisis. India’s trade with West Asia has been disrupted severely because of […]