NEW DELHI: Commerce and industry minister Piyush Goyal is heading to Canada for trade talks on May 25, with easier access for Indian textiles and leather from India in return for tapping uranium and critical minerals on the table as the two sides look to step up efforts for the proposed free trade agreement, for…
NEW DELHI: State-owned Oil India Limited (OIL) has successfully unlocked a new gas-bearing pay zone in Rajasthan’s Dandewala field, with a flow of nearly 25,000 standard cubic metres per day, petroleum and natural gas minister Hardeep Singh Puri said on Saturday.Congratulating OIL on its technological excellence, Puri said on social media that the discovery by…
NEW DELHI: Power giant NTPC on Saturday reported a 15% increase in consolidated profit, which rose from Rs 23,953 crore in 2024-25 to Rs 27,546 crore in 2025-26. It said the group’s strong performance was bolstered by a 29% increase in the share of joint venture profits, which reached Rs 2,864 crore, along with Rs…
NEW DELHI: Public sector oil companies increased petrol and diesel prices by nearly 90 paise per litre on Saturday, the third hike since May 15, as they sought to partly offset mounting losses from selling fuels below market rates amid a sharp rise in global crude prices due to supply concerns.But that still leaves them…
NEW DELHI: Govt on Saturday said that it has opened a four-month window for states to apply for setting up the first 50 industrial parks under the Rs 33,660 crore Bharat Audyogik Vikas Yojna (Bhavya) scheme.Over six years, starting from the current fiscal, the scheme provides for the setting up of 100 plug-and-play industrial parks…
As the Middle East conflict continues to strain global energy supplies, the government is pushing for faster expansion of piped natural gas (PNG) connections across the country. But the plan is facing a major hurdle. A shortage of certified gas plumbers has slowed the rollout, with city gas distribution (CGD) companies currently adding only 8,000-10,000…
US Secretary of State Marco Rubio, during his India visit, stressed on Washington’s intent to prevent geopolitical disruptions from distorting global energy markets, while pushing pushing exports to India.During discussions on energy security, Rubio’s office, quoted by Reuters, stressed that the US sees energy exports as a key instrument in strengthening partnerships, particularly with India,…
What happens in the Strait of Hormuz does not stay in the Strait of Hormuz. The US-Iran war may be centred in the Middle East, but its economic tremors are now rattling wallets across America. As tensions escalated and the crucial oil route came under pressure, fuel prices began their wild ride, pushing inflation higher,…
IT stocks crash (AI image) Globally technology sector stocks are leading stock market rallies. In India, the picture is the opposite. The Nifty IT index has dropped around 23% since the start of the year, sharply underperforming the broader market decline of around 10%. In fact, IT has been the worst-performing major sector in the…
MUMBAI: RBI stepped up dollar sales in FY26 to manage exchange rate volatility. The central bank recorded a total net sale of $53.1 billion over the course of the fiscal year an increase of $12 billion compared to net sales of $41.1 billion in FY25. Despite temporary periods of dollar accumulation, the central bank maintained…