NEW DELHI: India’s oil demand will increase more than any other country, accounting for 12% of global energy market on the back of rapid economic growth through 2050, according to BP plc chief economist Spencer Dale.“When we look ahead, India is the fastest-growing energy market in the world… So when we think about what’s driving […]
‘EV prices to match petrol vehicles’ in 4-6 months’: Nitin Gadkari outlines auto sector vision; aim for global leadership
AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import […]
Dreaming of home in Dubai? Diwali offers beckon Indian buyers; easy payment plans, golden visa add to appeal
Dubai real estate firms are targeting Indian investors during the festive period, offering special Diwali promotions and property exhibitions to attract buyers from primary and secondary cities, as property values in Indian metropolitan areas continue to surge.“Over the last few years, property prices in India have increased significantly, especially for new launches in metro cities […]
India’s oil consumption to surpass all by 2050! 5.4 million to 9.1 million bpd rise predicted; overall world energy share to hit 12%
India’s oil consumption is expected to surpass all other nations by 2050, driven by robust economic growth, accounting for over 12 per cent of global energy usage, according to BP’s chief economist Spencer Dale. As the world’s third-largest oil importer and consumer, and fourth-largest LNG importer, India’s oil demand is projected to rise from 5.4 […]
Six firms get Sebi nod for IPOs: Lenskart, Wakefit among them; proceeds to fund expansion and brand initiatives and more
Lenskart, Wakefit get Sebi nod for IPOs Lenskart Solutions Ltd and five other companies, including Wakefit Innovations Ltd, have received Sebi’s approval for their initial public offerings (IPOs), according to a recent market regulator update.The regulatory approval was granted to Tenneco Clean Air India, Waterways Leisure Tourism (Cordelia Cruises operator), Shree Ram Twistex, and Lamtuf […]
FPI bearish bets at record high on Nifty futures: US tariffs, weak rupee spook investors; last week’s outflows near Rs 2 lakh crore
Bearish bets by overseas investors on Nifty futures surged to record levels last week, signifying their sustained equity sell-off amid weak sentiment triggered by US tariff actions on India.Data from the National Stock Exchange (NSE) shows that as of Friday, the bullish bets of foreign fund managers on Nifty index futures stood just above the […]
RBI overhauls digital payment security: New risk-based authentication for safer transactions – Here’s all you need to know
India’s digital payments ecosystem is set for a major security overhaul as the Reserve Bank of India (RBI) introduces new authentication guidelines, effective April 2026. The new framework will require banks to adopt a risk-based model for verifying transactions — a move aimed at strengthening fraud prevention while keeping the payment experience smooth for users.Under […]
Bank holiday on Laxmi Puja: Are banks open or closed on October 6? Here’s all you need to know
October is shaping up to be one of the busiest festive months of 2025, with major celebrations such as Diwali and Chhath Puja lined up across India. As a result, banks will remain closed on several days this month, as per the Reserve Bank of India (RBI) holiday calendar.According to the RBI calendar, several public […]
No impact of Trump pressure? Russia remains India’s main crude oil supplier; most economical option for Indian refiners
Russia remained the main supplier, delivering about 1.6 million bpd, constituting 34 per cent of total imports. (AI image) Donald Trump-led US government may be pressurising India to curb its crude oil trade with Russia, but Russian oil continues to form the biggest share in India’s crude import basket.India’s imports of Russian crude oil showed […]
Eli Lilly to inject $1 billion in new contract manufacturing facilities in India; to set up new manufacturing & quality hub in Hyderabad
Eli Lilly to inject $1 billion in new contract manufacturing facilities in India; to set up new manufacturing & quality hub in Hyderabad HYDERABAD: Eli Lilly and Company will be investing over $1 billion over the next few years in setting up new contract manufacturing facilities in India and will also set up a new […]