The finance ministry on Friday asked public sector banks (PSBs) to adopt prudent expenditure and austerity measures at all levels while maintaining resilience amid evolving global uncertainties, even as it reviewed their record financial performance in FY26, PTI reported.Financial Services Secretary M Nagaraju, while chairing a meeting to review the financial performance of PSBs, advised…

With a biofuel in the mix, E20 petrol aims at lowering emissions, at the same time reducing the requirement of petrol in the fuel mix. (AI image) For a country that imports over 85% of its crude needs, any savings in the oil imports bill is important. With the Middle East conflict and the US-Iran…

The government has asked state-run fuel retailers to expand liquefied petroleum gas (LPG) storage capacity to cover at least 30 days of demand, as supply disruptions linked to the West Asia conflict highlighted the need for larger reserves, PTI reported.“We are working on the strategic reserves. Oil marketing companies have been asked to work out…