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New Delhi, Mar 30 (PTI) State-owned Oil and Natural Gas Corporation (ONGC) has commenced gas production from its Daman Upside Development Project in the Arabian Sea, strengthening India's domestic energy supply amid global disruptions. In a regulatory filing, the firm said the project, located about 180 kms north-west of Mumbai and about 80 kms south of Pipavav, Gujarat, "achieved a significant milestone on March 29 by monetisation through flowing gas from Platform B-12-24P". "This platform ha ...Read More >
New Delhi, Mar 30 (PTI) Equity investors have become poorer by Rs 18.60 lakh crore in two days of sharp decline in the stock market, where the BSE benchmark Sensex has plunged over 4 per cent, as the West Asia conflict refuses to die down leading to a steep surge in crude oil prices. Weak global trends and unabated foreign fund outflows have also rattled investors' confidence. In the last two trading sessions, the BSE benchmark Sensex has lost 3,325.9 points, or 4.41 per cent. On Monday, the ...Read More >
Bharat Heavy Electricals Ltd. (BHEL) has received a ₹13,500 crore order from NTPC Ltd. for the main plant package of the 3x800 MW Telangana Stage-II supercritical thermal power project, the company said in an exchange filing on Monday, March 30. The Notification of Award (NOA) pertains to the project located in the Peddapalli district of Telangana. The scope of work includes design, engineering, manufacturing, supply, erection, commissioning, and testing of the main plant package, covering bo ...Read More >
Titagarh Rail Systems has secured a contract from Balmer Lawrie & for the appointment as a lessor to provide two BFNS22.9 rakes on an operating lease basis. The scope of work includes supplying two rakes comprising 43 wagons each, along with 4% spare wagons, with each wagon having a carrying capacity of 64.89 MT. These rakes will be deployed for transportation of HR coils, sheets, and plates over the Indian Railways network, as per the latest approved designs of Research Designs and Standards O ...Read More >
Mumbai, March 30: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at 71,947.55. Commen ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite ...Read More >
New Delhi: As global energy supply chains face disruptions amid the ongoing US-Israel war on Iran, the Centre's decision to temporarily relax petroleum safety and licensing norms for kerosene distribution, has triggered an unexpected revival of a fuel India had nearly phased out. From a surge in kerosene stove sales to renewed policy debates, it's bringing back memories of an era when 'mitti ka tel' was a household staple, while also raising serious concerns over health, safety and environmental ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at ...Read More >
New Delhi, Mar 30 (PTI) State-owned BHEL on Monday said it has secured an order worth Rs 13,500 crore from NTPC for main plant package of 2,400 MW Telangana Stage-II thermal power plant. BHEL emerged as a successful bidder for this project in October 2024, a regulatory filing said. On March 29, 2026, BHEL received a Notification of Award (NOA) from NTPC for 3x800 MW Telangana Stage-II project (Main Plant Package). The scope of order includes design, engineering, manufacturing, supply, erectio ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...Read More >
S&P Global Ratings warns that rising crude oil prices and potential government intervention could squeeze the profit margins of Indian oil marketing companies like IOC, BPCL, and HPCL, impacting consumers and the energy sector. Illustration: Uttam Ghosh Key Points * S&P Global Ratings predicts potential margin squeeze for Indian oil marketing companies due to rising crude oil prices. * Geopolitical tensions and the Strait of Hormuz closure contribute to crude oil price volatility, impacting ...Read More >
New Delhi, Mar 11 (PTI) India's state-owned oil marketing companies - Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited - are under pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and dependence on imported energy, global rating agencies said. India imports 88 per cent of its crude and nearly half its natural gas, with 30-55 per cent of supplies passing through the Strait of Hormuz. Strat ...Read More >
New Delhi, Mar 11 (PTI) State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said i ...Read More >
Mumbai: Indian stock markets recovered strongly on Monday after two days of losses. A sharp rise in banking stocks helped lift investor mood in the second half of the session. The 30-share Sensex rose 650.39 points, or 0.79 percent, to close at 83,277.15. The broader Nifty gained 211.65 points, or 0.83 percent, ending at 25,682.75. The rally came mainly in the final hours of trading. Banking Stocks Lead the Rally Buying in banking and financial stocks pushed the market higher. Among the top ...Read More >
Mumbai, Feb 16 (SocialNews.XYZ) Indian benchmark indices staged a strong late rally on Monday, snapping the two-day losing streak, as buying in banking stocks lifted market sentiment. The 30-share Sensex ended 650.39 points, or 0.79 per cent, higher at 83,277.15. The broader Nifty rose 211.65 points, or 0.83 per cent, to close at 25,682.75. Commenting on Nifty technical outlook, experts said that the broader structure remains positive as long as the 25,500-25,400 support zone is defended. "On ...Read More >
New Delhi [India], December 18 (ANI): Parliament on Wednesday passed the 'Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025', with Finance Minister Nirmala Sitharaman assuring members that opening up the sector will attract new insurers, intermediaries and allied service providers, expanding the overall insurance ecosystem and creating net employment. The Rajya Sabha passed the bill after a reply from the Finance Minister. The Lok Sabha passed it on Tuesday. In her reply, Sithar ...Read More >
New Delhi: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the ...Read More >
New Delhi [India], December 17 (ANI): State-owned power generation company NTPC on Wednesday declared commercial capacity addition of 359.58 MW through its various solar projects of its subsidiaries in the states of Gujarat & Rajasthan, taking the Group commercial capacity of over 85.5 GW. NTPC has declared commercial operation date (COD) of part capacity of 243.66 MW out of 1255 MW Khavda -1 Solar PV project in Gujarat of NTPC Renewable Energy Ltd, a stepdown subsidiary of NTPC through its sub ...Read More >
Kochi, Dec 17 (SocialNews.XYZ) The Enforcement Directorate (ED) on Wednesday moved a division bench of the Kerala High Court challenging a single-bench order that stayed further proceedings against the Kerala Infrastructure Investment Fund Board (KIIFB) over the utilisation of funds raised through Masala Bonds, escalating a high-stakes legal battle with significant financial and political implications. On Tuesday, the single bench of Justice V.G. Arun had granted an interim stay on the ED's enf ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Rajya Sabha on Wednesday witnessed intense debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes raising foreign direct investment (FDI) in the insurance sector to 100 pe cent from 74 per cent, among other reforms to modernise the industry and achieve 'Insurance for All by 2047'. The Bill, passed by the Lok Sabha on December 16, amends the Insurance Act, 1938; Life Insurance Corporation Act, 1956; and Insurance Regu ...Read More >
NEW DELHI: State-owned NTPC Green Energy Limited (NGEL) has commissioned an additional 37.925 MW of solar power capacity at its Khavda Solar Energy Project in Gujarat. In an exchange filing, the company said the newly commissioned capacity represents the fifth phase of the 300 MW Khavda Solar Energy Project, which is being developed by NTPC Renewable Energy Limited, a wholly owned subsidiary of NGEL. The project forms part of NTPC Renewable Energy Limited's 450 MW Hybrid Tranche V Project. ...Read More >
The 3300 HP Cape Gauge (1067 mm) locomotives manufactured by BLW are designed for heavy-duty performance and operational versatility. Banaras Locomotive Works (BLW), the flagship locomotive manufacturing unit of Indian Railways, has added yet another milestone to India's growing export capabilities with the successful dispatch of its sixth indigenously designed 3300 Horse Power (HP) AC-AC diesel-electric locomotive to Mozambique on 15 December 2025. This marks continued progress under an export ...Read More >
New Delhi: Enhancing foreign direct investment limit to 100% will enable global insurance companies to inject substantial capital directly without waiting for domestic partners, Union finance minister Nirmala Sitharaman told the Lok Sabha on Tuesday as the House passed the insurance bill seeking to remove FDI cap along with over a dozen key sectoral reforms. "If there's a need for growing protection through insurance in this country, we need to have insurance more accessible," she said while re ...Read More >
Delhi residents will soon be able to pre-book their preferred liquor brands using a new government application. This initiative is part of the upcoming excise policy. The policy also aims to reduce liquor outlets in residential areas. The application will map stores and update stock availability. Consumers can check brand availability and pre-book their choices. New Delhi, Soon, Delhiites will be able to pre-book their favourite liquor brands through an application to be launched by the city go ...Read More >
Srinagar, Dec 16: The Economic Offences Wing of the Crime Branch Kashmir (CBK) today filed a chargesheet against the former President of Municipal Committee Budgam and two others in a fraud case involving alleged embezzlement and illegal allotment of a Government-owned municipal building. Click here to watch video According to the CBK, the chargesheet was presented before the Court of Special Judge Anti-Corruption, Srinagar, in connection with FIR No. 03/2022, which pertains to allegations of ...Read More >
NEW DELHI -- At least half a dozen executives from top Indian arms makers, including Adani Defense and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defense business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defense business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
Mumbai: Indian equity markets closed sharply lower on Tuesday as weak global cues and heavy selling in key sectors dragged sentiment. Investors turned cautious amid rising global uncertainty, leading to broad-based profit booking across sectors. At the close, the Sensex fell 533.50 points (0.63 percent) to 84,679.86, while the Nifty dropped 167.20 points (0.64 percent) to 25,860.10. Selling pressure dominates the session Markets opened on a weak note and remained under pressure throughout the ...Read More >
Mumbai, December 16: Indian equity benchmark indices ended lower on Tuesday as weak global cues and selling pressure in metal, realty and financial stocks weighed on market sentiment. At the close of trade, the Sensex slipped 533.50 points, or 0.63 per cent, to settle at 84,679.86, while the Nifty declined 167.20 points, or 0.64 per cent, to end at 25,860.10. "On the downside, the support at 25,870 was breached, intensifying bearish sentiment in the market," experts said. "In the short term, th ...Read More >
Mumbai, Dec 16 (SocialNews.XYZ) Indian equity benchmark indices ended lower on Tuesday as weak global cues and selling pressure in metal, realty and financial stocks weighed on market sentiment. At the close of trade, the Sensex slipped 533.50 points, or 0.63 per cent, to settle at 84,679.86, while the Nifty declined 167.20 points, or 0.64 per cent, to end at 25,860.10. "On the downside, the support at 25,870 was breached, intensifying bearish sentiment in the market," experts said. "In the s ...Read More >
New Delhi, Dec 16 (PTI) India is set for a power-packed presence at the World Economic Forum Annual Meeting in Swiss ski resort town of Davos next month with four union ministers including Ashwini Vaishnaw and Shivraj Singh Chouhan set to join five CMs and over 100 CEOs from the country. K Ram Mohan Naidu, Minister for Civil Aviation, and Pralhad Joshi, Minister for New & Renewable Energy, Consumer Affairs, and Food & Public Distribution, will also be part of the Indian delegation at the five-d ...Read More >
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