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Chandigarh (Punjab) [India], July 17 (ANI): Punjab Industries Minister Sanjeev Arora said the state government is winning the trust of the business community with its consistent efforts over the past three years. He shared that industrialists from various sectors, including basmati rice, bicycles, and Chandigarh FICO, have shown full satisfaction with the government's performance. Addressing the issues related to electricity boards, pollution, and the housing department, Arora assured that all ...Read More >
NEW DELHI: India can arrange alternative supplies if Russian oil exports are sanctioned, petroleum minister Hardeep Singh Puri said on Thursday in what is seen as the first official reaction to the US and EU threat of secondary sanctions for buying those barrels."I don't feel any pressure in my mind (about sanctions on Russian oil). And Idon't think my boss' (PM's) mind is wired to feel any pressure. That's where I draw my strength (from). India has diversified the sources (of oil)... I am not w ...Read More >
Also Read | India buys more Russian oil -- but its rupee-rouble plan isn't working Responding to a question on India's likely measures in case secondary sanctions were imposed on Russian oil imports, he said, "My my own view is the price of oil will come down. It will come down only because there is more oil available in the international market. There is more oil coming on the global market from the western hemisphere. I mean countries such as Brazil, Guyana and Canada. They're not even OPEC+ ...Read More >
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for ...Read More >
New Delhi [India], July 15 (ANI): The possibility of a US Federal Reserve rate cut in September remains open, but it will largely depend on how the labor market and inflation evolve, noted a recent report by Union Bank of India research. While the market anticipates some monetary easing later this year, the report mentioned that Fed has adopted a cautious and data-dependent stance in the face of growing uncertainty around tariffs and fiscal policy. Also Read | YouTube Standalone Premium Subscr ...Read More >
Kannur (Kerala) | Kerala General Education Minister V Sivankutty on Tuesday said that the government would not allow the "blending of religion with education" and reiterated that there would be no change in the revised school timings. Under the revised timetable, high school students (classes 8 to 10) will spend an extra 15 minutes in the morning and another 15 minutes in the afternoon on each working day except Fridays to help schools reach the required 1,100 instructional hours per year. How ...Read More >
New Delhi [India], July 15 (ANI): The possibility of a US Federal Reserve rate cut in September remains open, but it will largely depend on how the labor market and inflation evolve, noted a recent report by Union Bank of India research. While the market anticipates some monetary easing later this year, the report mentioned that Fed has adopted a cautious and data-dependent stance in the face of growing uncertainty around tariffs and fiscal policy. It stated While a rate cut in September remai ...Read More >
New Delhi [India], July 13 (ANI): India's merchandise trade deficit likely narrowed modestly to USD 20.7 billion in June 2025, down from USD 21.9 billion in the previous month, driven by easing crude oil prices, muted gold imports, and a shift in sourcing strategy that helped offset global commodity volatility, said a report by Union Bank of India (UBI). The report added that a sharp but temporary decline in global crude prices following a ceasefire between Israel-Iran, coupled with rising OPEC ...Read More >
India, which has offered 2.5 lakh sq km area for exploration under OALP Round-10, is close to discovering a Guyana-scale oil field in the Andaman sea, Minister of Petroleum & Natural Gas Hardeep Singh Puri said. In his address at the 9th OPEC International Seminar in Vienna, Austria on Wednesday, the Minister emphasised that the world's third largest crude oil importer is aggressively expanding its efforts in the domestic exploration and production (E&P) sector. "With 2.5 lakh sq km open for e ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil s ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil s ...Read More >
New Delhi, July 10 (UNI) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlighted India's momentum in the energy sector to explore and drill for hydrocarbons, opening 2.5 lakh sq km under OALP or Open Acreage Licensing Policy Round-10. He was speaking at the 9th OPEC International Seminar in Vienna, Austria, with the theme 'Oil Markets: Energy Security, Growth & Prosperity'. The Minister highlighted that this step is a result of key sectoral reforms, including a transition f ...Read More >
Mumbai, Jul 8 (PTI) The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. Also Read | US-Based Indian Family of 4 Members From Hyderabad Killed As Speeding Mini Truck Collides With Car in Dallas. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further ...Read More >
Mumbai: The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dol ...Read More >
Stocktwits - Indian markets opened on a cautious note on Monday, with the Nifty hovering around the 25,450 level as investors await clarity on US tariffs, Reports suggest that a mini-trade deal between the US and India is likely to be announced within the next two to three days. On the other hand, US President Donald Trump issued a warning to BRICS member countries, threatening to impose a 10% additional tariff on any nation that aligns itself with 'anti-American' policies of the bloc. At 09:4 ...Read More >
Mumbai, July 6 (SocialNews.XYZ) After witnessing a phase of profit booking last week, considering the broader indices currently trading at elevated levels, the market participants will closely watch for signs of earnings catch-up from upcoming Q1 -- starting next week -- along with the outcome of the interim Indian-US trade deal before the July 9 deadline, analysts said on Sunday. Additionally, the OPEC+ meeting scheduled for this weekend could influence global oil prices. "On the macroeconomi ...Read More >
India is concerned with a U.S. Senator's proposal to slap a 500% tariff on goods imported in America from countries buying Russian oil, Indian External Affairs Minister S Jaishankar said, adding that the world's third-largest crude oil importer has conveyed these concerns to the U.S. lawmakers. Republican Senator Lindsey Graham has proposed a bill to impose a huge tariff on any country buying Russian oil. In an interview with ABC News this weekend, Senator Graham said that President Donald Tru ...Read More >
Stocktwits - Indian markets opened firm on Wednesday, tracking mixed global cues, as optimism builds around a potential U.S.-India trade deal ahead of the critical July 9 deadline. The retail sentiment on Stocktwits for Nifty remained 'bullish'. Sectorally, it's a mixed bag with technology and metals leading the gains, while PSU banks and media stocks witnessed some selling pressure. IndusInd Bank (NSE:INBK) is the top Nifty loser, falling 3% as Goldman Sachs (NYSE:GS) downgraded it to 'Sell' ...Read More >
Guwahati: Oil marketing companies reduced the price of commercial LPG cylinders from Tuesday (today), lowering the cost of a 19 kg cylinder by Rs 58.50. This price cut, which took effect from July 1, is expected to benefit commercial users such as hotels, restaurants, and various businesses. Ready for a challenge? Click here to take our quiz and show off your knowledge! In Delhi, the revised retail price for a 19 kg commercial LPG cylinder now stands at Rs 1,665, down from the previous rate. ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price o ...Read More >
Mumbai (Maharashtra) [India], June 30 (ANI): On the last trading day of June, Indian stock markets opened flat on Monday, supported by positive global cues and receding geopolitical clouds. The Nifty 50 index opened at 25,661.65, gaining 23.85 points or 0.09 per cent. On the other hand, the BSE Sensex opened slightly lower at 84,027.33, down by 31.57 points or 0.04 per cent. Also Read | TikTok Deal To Be Announced Soon in US? Donald Trump Says He Has Found a Group of 'Very Wealthy People' To B ...Read More >
India's Oil and Natural Gas Corp (ONGC) reported a 17% drop in third-quarter profit, falling to 82.40 billion rupees ($952 million) for the October-December period. India's Oil and Natural Gas Corp (ONGC) reported a third-quarter profit miss on Friday, as buoyant fuel demand failed to cushion the explorer from lower crude realisations.The state-owned firm's standalone profit fell 17% to 82.40 billion rupees ($952 million) in the October-December period, and came far below analysts' average expe ...Read More >
The UK's FTSE 100 gained as energy shares rose along with oil prices, and EasyJet hit an eight-month high after positive brokerage reviews. The energy sector was buoyed by oil price increases, while miners saw gains due to copper pricing rebound. Other market movements included Marston's and SSP Group surging due to robust profit reports. On Tuesday, the UK's FTSE 100 benchmark rose, driven primarily by an uptick in energy shares following a hike in oil prices. The energy sector recorded a 1.7% ...Read More >
Investing.com -- European markets opened higher on Tuesday, although investor attention is fixed on unfolding political challenges in France this week. At 3:17 ET (8:17 GMT) Germany's DAX index gained 0.5%, France's CAC 40 increased by 0.8%, and the UK's FTSE 100 advanced 0.4%. Data releases on the agenda for Tuesday include U.K. retail sales figures and Spanish unemployment data. France's markets will be under close scrutiny as Prime Minister Michel Barnier invoked special constitutional mea ...Read More >
"Investors are in wait-and-watch mode ahead of the OPEC+ meeting," ANZ analysts said in a note. Sources from the producer group said it will extend its latest round of output cuts until the end of the first quarter at its Dec. 5 meeting. OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been looking to unwind production cuts by the first quarter of 2025. However, the outlook for surplus supply has put pressure on prices. The group accoun ...Read More >
The chip makers around the world felt the relief of a rumor suggesting that the sales curb to China could be less severe than previously expected. But the news didn't necessarily translate in a strong rally. ASML (NASDAQ:ASML) - Europe's biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year - closed 0.22% lower yesterday, while Tokyo Electron - which was up by more than 6% yesterday - couldn't extend gains at today's session. With US markets paused for the Than ...Read More >
(The views expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Nov 28 (Reuters) - Asia's imports of crude oil ticked up slightly in November, led by a recovery by top importer China, but arrivals are still on track to be weaker this year than in 2023. The top crude-buying region is forecast to import 26.42 million barrels per day (bpd) in November, up marginally from October's 26.11 million bpd and 26.24 million bpd in September, according ...Read More >
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