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New Delhi, April 6: The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday. A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, the Da ...Read More >
New Delhi, Apr 6 (PTI) Public procurement platform Government e-Marketplace (GeM) facilitated transactions worth Rs 5.03 lakh crore in 2025-26, down 7.4 per cent from the previous fiscal, a senior official said on Monday. GeM facilitated transactions worth Rs 5.43 lakh crore in 2024-25. GeM CEO Mihir Kumar said the decline in growth can be attributed to a reduced contribution from the coal ministry, whose share in total sales fell from 34 per cent to 20 per cent in 2025-26 (Rs 1,02,219 crore). ...Read More >
Bengaluru: Auto drivers in Bengaluru on Monday rejected the suggestion by Indian Oil Corporation Limited (IOCL) to temporarily switch to petrol due to a shortage in auto LPG supply owing to the ongoing Middle East conflict, calling it financially unviable. The IOCL on Sunday requested the switch till the situation improved, though it has significantly ramped up the supply of auto LPG in Karnataka from 43.5 metric tonnes (MT) per day in February to 68.53 MT per day as of April 4. "This is not a ...Read More >
NEW DELHI: The government is considering building liquefied petroleum gas (LPG) reserves as a buffer against potential supply disruptions, a government official said on Monday.The move comes as Nayara Energy is set to shut its Vadinar refinery from April 9-10, a development that is expected to impact LPG supplies in the country, the official added.With the temporary shutdown likely to tighten availability, the government is evaluating options to ensure supply stability, including the creation of ...Read More >
MUMBAI: The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative ...Read More >
MUMBAI: Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share NSE Nifty edg ...Read More >
Mumbai: The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative ...Read More >
Mumbai: In a major early morning accident, two persons were injured after an autorickshaw and a car collided head-on on the Swargiya Dharmveer Anand Dighe flyover in Thane's Kalwa area on Monday. The crash, which occurred during low-traffic hours, also led to an oil spill on the road, briefly posing a risk to other motorists. According to a report by Mid-day, the Thane Municipal Corporation's Disaster Management Cell received information about the incident at around 5:42 am from a police consta ...Read More >
Average salary increments across India Inc. are expected to remain largely stable at 9.1 per cent in 2026, marginally higher than the 9 per cent increase recorded in 2025, according to the "Deloitte India Talent Outlook 2026" report released by Deloitte on Monday. The survey, conducted between January and February 2026, gathered responses from organisations across seven sectors and 27 sub-sectors in India, primarily from chief human resources officers and senior HR leaders. The report also rec ...Read More >
Mumbai, Apr 6 (PTI) Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share N ...Read More >
Dhaka, Apr 6: India is willing to rebuild ties with Bangladesh with a "forward-looking approach", Indian High Commissioner Pranay Verma conveyed to Prime Minister Tarique Rahman on Monday. The meeting came as India and Bangladesh are making efforts to rebuild bilateral ties after Rahman became Prime Minister following his Bangladesh Nationalist Party (BNP)'s victory in the February parliamentary polls. During the meeting, Verma and Rahman "discussed bilateral engagement with a focus on people- ...Read More >
Mumbai: The Indian rupee closed stronger on Monday, gaining 14 paise to settle at 93.04 against the US dollar. It opened at 93.13 and moved higher during the day, touching an intraday high of 92.79 before ending slightly lower but still in positive territory. This continues the recent recovery seen in the currency after sharp movements last week. RBI Measures Offer Support The rise in the rupee was mainly supported by steps taken by the Reserve Bank of India to reduce volatility in the forex m ...Read More >
Mumbai, Apr 6 (PTI) The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb ...Read More >
Kannur (Kerala), Apr 6 (PTI) Congress leader Priyanka Gandhi Vadra on Monday alleged that Prime Minister Narendra Modi and the Centre have "failed" to address the concerns arising out of the ongoing West Asia conflict, which was affecting lakhs of Indians. Addressing a corner meeting at Peravoor in this northern district as part of the campaign for the April 9 Assembly polls, she claimed that no adequate provisions had been made for the safety and security of Indians in the region. Referring t ...Read More >
[MUMBAI] The Reserve Bank of India's (RBI) tightening of foreign exchange (FX) rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5 per cent fall in the Indian rupee since the breakout of the Iran war has prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering no ...Read More >
New Delhi, April 6 (SocialNews.XYZ) Saudi Arabia on Monday increased the price of its flagship crude as state-owned Saudi Aramco has set the official selling price of its Arab Light crude for May shipments at a record premium of $19.50 per barrel over the regional benchmark for Asian buyers. The steep hike comes as energy flows through the Strait of Hormuz face severe disruptions, according to reports. The move follows heightened tensions linked to the ongoing conflict involving the US, Israel ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
New Delhi: The Delhi High Court on Monday rejected an activist's appeal against an order directing him to take down social media content linking Union minister Hardeep Singh Puri's daughter to convicted American sex offender Jeffrey Epstein. It asked him to air his grievances before the single judge who had passed the order.A bench of Justices Vivek Chaudhary and Renu Bhatnagar told the single judge to finally decide the issue of whether to continue or vacate its interim order as expeditiously a ...Read More >
New Delhi: The ongoing war between Iran- Israel- United States, along with its regional allies, is entering a new and more dangerous phase. This is no longer just about military bases or troop movements. Both sides are increasingly signalling that the real targets are the economic engines that keep countries running - energy systems, cloud networks, and the massive data centers powering the digital world. In simple terms, the battlefield is shifting from borders to business infrastructure. In a ...Read More >
New Delhi, Apr 6 (PTI) Crude oil prices gained Rs 91 to Rs 9,284 per barrel, hovering near its record levels, in futures trade on Monday after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened. On the Multi Commodity Exchange, crude oil for May delivery increased by Rs 91, or 1 per cent, to Rs 9,284 per barrel. Oil prices hit record of Rs 9,407 per barrel on March 23, 2026. The uptick in crude oil prices ...Read More >
New Delhi: State-run oil marketing company Indian Oil Corporation Ltd (IOCL) on Monday said commercial LPG supply has recovered to around 70 per cent of pre-crisis levels amid ongoing geopolitical disruptions. The PSU firm further noted that it continues to work towards maintaining reliable and efficient energy access, aiming to support both households and businesses during the current period of uncertainty. Meanwhile, the Ministry of Petroleum and Natural Gas has said that online LPG bookings ...Read More >
New Delhi, Apr 6 (PTI) The Delhi High Court on Monday rejected an activist's appeal against an order directing him to take down social media content linking Union minister Hardeep Singh Puri's daughter to convicted American sex offender Jeffrey Epstein. It asked him to air his grievances before the single judge who had passed the order. A bench of Justices Vivek Chaudhary and Renu Bhatnagar told the single judge to finally decide the issue of whether to continue or vacate its interim order as e ...Read More >
New Delhi: Crude oil prices rose again on Monday, April 6, as tensions between the US, Israel, and Iran increased. This conflict is affecting oil supply from West Asia, which is one of the world's biggest oil-producing regions. Any disruption here quickly impacts global prices. Current Price Levels In the international market, Brent crude prices jumped 1.6% to cross USD 110 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude was seen trading near USD 112 per barrel. Last week also sa ...Read More >
Bhubaneswar: Odisha government has clarified rules on the sale of 5 kg LPG cylinders after consumer backlash over an initial restriction, ensuring access for students and migrant workers. Food Supplies and Consumer Welfare Department eased the restriction, stating that migrant workers and students can purchase 5 kg cylinders by showing valid identification. Consumers who have completed e-KYC remain eligible to procure cylinders through oil marketing companies. Notably, Supplies Minister Krushn ...Read More >
New Delhi, Apr 6 (PTI) Congress leader Rahul Gandhi on Monday alleged that Prime Minister Narendra Modi has dealt with the "LPG gas crisis" just like it handled the COVID-19 pandemic as it is "devoid of policy, full of grand announcements", and places the "entire burden" upon the poor. The Leader of Opposition in the Lok Sabha asked why it is always the poor who perish first in every crisis and urged people to not remain silent. "Modi Ji had said: 'We will handle the LPG gas crisis just like w ...Read More >
Mumbai, Apr 6 (PTI) The Congress on Monday hit out at the Shiv Sena (UBT) over the latter's accusation that the grand old party was using regional outfits as "crutches", and not treating them as "equal stakeholders" in the Opposition alliance. Maharashtra Congress spokesperson Sachin Sawant criticised the editorial in the Sena (UBT) mouthpiece 'Saamana', alleging that the newspaper's executive editor, MP Sanjay Raut, appears confused on several occasions between his roles as a politician and jo ...Read More >
Bhubaneswar: The Odisha government has issued a clarification on the availability of 5 kg LPG cylinders, reassuring students, migrant labourers, and other vulnerable consumers amid ongoing supply concerns linked to geopolitical tensions in West Asia. "There is no restriction on 5Kg cylinders marketed by Oil Marketing Companies for migrant labours and students on production of ID proof and 5Kg domestic cylinders sold by OMCs on e-KYC. Enforcement is only on illegal cylinders and black marketing ...Read More >
MUMBAI, April 6 (Reuters) - The Reserve Bank of India's tightening of foreign exchange rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering non-de ...Read More >
New Delhi: The Government has stepped up sale of small 5-kg LPG cylinders, which are available across-the-counter at LPG distributorships on showing valid ID proofs. Ministry of Petroleum & Natural Gas has said that about 6.6 lakh 5-kg LPG cylinders have been sold since March 23rd, 2026, after the government ramped up supplies to meet demand. Unlike the subsidised domestic 14.2-kg cylinders, 5-kg cylinders are priced at market rates and do not require any address proof for procurement from a ne ...Read More >
New Delhi: State-run oil marketing company Indian Oil Corporation Ltd (IOCL) on Monday said commercial LPG supply has recovered to around 70 per cent of pre-crisis levels amid ongoing geopolitical disruptions. The PSU firm further noted that it continues to work towards maintaining reliable and efficient energy access, aiming to support both households and businesses during the current period of uncertainty. Meanwhile, the Ministry of Petroleum and Natural Gas has said that online LPG bookings ...Read More >
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