Fishermen in Gujarat will continue to receive diesel at subsidised rates after the Centre decided to roll back a recent steep increase in bulk fuel prices, following a request from the state government. The relief comes after oil companies raised the price of bulk diesel by Rs 22.43 per litre for industrial users earlier in […]
Oil Price: Oil prices: Hormuz supply shock widens gap between future and physical fuel
The Iran war has entered its fourth week and global oil markets are showing a clear split with actual fuel supply prices are rising much faster than widely tracked oil futures. Brent crude, the global benchmark, has jumped over 50% to around $112 a barrel following the near-complete closure of the Strait of Hormuz and […]
CBI quizzes 3 ex-senior execs of Anil Ambani group in fraud probe
NEW DELHI: Deepening its investigation into the alleged multi-crore fraud involving Reliance Communications (RCOM) and State Bank of India (SBI), CBI has questioned three former top-tier executives of the Anil Ambani-led Reliance Group.The agency issued summons to Satish Seth and Gautam Doshi, both former group managing directors, for examination in connection with the FIR registered […]
With Anzali attack, Indo-Russian plan of $100billion trade takes a hit
MOSCOW: The US-Israeli missile attack on Iran’s Bandar Anzali, a key transit hub on the INSTC linking Mumbai with St Petersburg, is a major blow to the Indo-Russian ambition of boosting bilateral trade to $100 billion by 2030 via the crucial corridor, experts said Saturday.The 7,200-kilometre long multi-modal International North-South Transport Corridor (INSTC) links Mumbai […]
Indian refiners eye Iranian oil stuck at sea as US eases curbs
NEW DELHI: Following a temporary waiver issued by the US administration on sanctioned Iranian oil stranded at sea, Indian refiners on Saturday said they would be keen to buy the crude, even as Tehran maintained that no surplus stocks existed.US treasury secretary Scott Bessent announced the waiver on Friday, saying that by temporarily unlocking this […]
West Asia war takes toll on highway builders as prices start to bite
NEW DELHI: Senior executives of some of the highway construction companies told TOI that the increase has started impacting the road construction cost as bitumen and fuel expenses are around 30% of the project cost. “Since the commercial diesel price is revised from time to time, we are worried whether there will be another round […]
The door India left ajar: Economic ties with China see a calibrated reset with easing of FDI rules – explained
NEW DELHI: Nearly six years after India tightened scrutiny of foreign direct investment from countries sharing land borders, the government has initiated a recalibration of the framework governing such investments, allowing minority ownership structures routed through overseas entities to access the automatic route while retaining approval requirements for direct investments from neighbouring jurisdictions.The Union Cabinet […]
‘Inflation coming’: Rahul slams Centre over weak rupee; predicts when govt will hike fuel price
NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi slammed the BJP-ruled central government over falling rupee and called it “clear signs” that inflation was inevitable. He criticised the Centre’s “empty rhetoric” as the country faces economic restrain due to LPG shortage amid West Asia crisis. He claimed that petrol, diesel, and LPG prices […]
India Electricity Supply: ‘Not going to affect us’: India sees no major power supply risk from Middle East crisis, government says
India does not expect the ongoing Middle East conflict to significantly disrupt its ability to meet peak summer electricity demand, with the government banking on coal, renewables and battery storage to offset any stress from gas supply disruptions.Speaking on the sidelines of the Bharat Electricity Summit 2026, power secretary Pankaj Agarwal said the country’s electricity […]
Semaglutide Launch: Domestic companies launch semaglutide jabs at affordable prices
NEW DELHI: Several domestic companies including Sun Pharma, Torrent, Zydus, Dr Reddy’s, Glenmark and Alkem announced the launch of semaglutide on Day 1, substantially lowering the cost of weight-loss therapy.This is in the wake of the innovator Novo Nordisk losing its patent on semaglutide on March 20.Sun Pharma’s weekly therapy costs, from initiation to the […]