Business

Oil prices continued to climb in early Asian trade on Wednesday as the renewed hostilities between the United States and Iran showed no signs of slowing.  At the time of writing, Brent crude was trading at $92.44, up 1.57% on the session, while West Texas Intermediate was changing hands at $85.51, up 1.39%. Both benchmarks are now at five-week highs and have been consistently...

The country’s largest airline, IndiGo, on Monday (July 20, 2026) announced it will place an order with CFM International for more than 1,000 engines to power its 510 A320 neo family planes. IndiGo and CFM International, an equal joint venture between GE Aerospace and Safran Aircraft Engines, have inked a Memorandum of Understanding (MoU) for the order at the Farnborough...

Russia has approached Indian refiners for additional petrol supplies after a wave of Ukrainian attacks severely disrupted its refining network, marking an unusual shift in the energy relationship between the two countries, according to news agency Reuters. The request comes as Moscow grapples with its worst petrol shortage in recent years after drone and missile strikes damaged a significant share of...

The Enforcement Directorate (ED) on Saturday said it has issued a fresh order to attach assets worth Rs 1,021 crore as part of a money laundering investigation against the Reliance Anil Ambani Group. The provisional order, issued under the Prevention of Money Laundering Act (PMLA), attaches equity shares of Reliance Power held by Reliance Infrastructure and certain loan amount receivable...

Tata Group expects its automotive business, including passenger and commercial vehicles, to grow to USD 100 billion in the next five years with a capex target of Rs 40,000 crore in the domestic business and about 20 billion (British) Pound for JLR, Tata Group Chairman N Chandrasekaran said on Wednesday. Responding to shareholders’ queries at the 81st Annual General Meeting...

Oil prices climbed on Wednesday after the United States carried out fresh strikes on Iran in response to Tehran’s attacks on commercial vessels transiting the Strait of Hormuz. US benchmark West Texas Intermediate (WTI) crude for August delivery advanced 2.1% to $71.87 per barrel, while Brent crude, the global benchmark, for September delivery gained 1.9% to $75.53 per barrel. The US launched...

After factoring in the output Producer Price Index (PPI) into the Index of IndustrialProduction (IIP) from May, the Ministry of Statistics and Programme Implementation(Mospi) is planning to introduce the PPI as the deflator for calculating real gross domestic

Skyroot Aerospace on Thursday announced the opening of the launch window for the maiden test flight of its Vikram-1 launch vehicle — India’s first privately developed orbital-class rocket. Test Flight-1 is targeted for no earlier than July 12, subject to the completion of assembly and testing operations at the launch site at the Satish Dhawan Space Centre Sriharikota High Altitude...

Yes Bank’s board on Monday approved raising ₹16,000 crore through a mix of equity and debt securities, the private sector lender informed the stock exchanges. The board cleared plans to raise up to ₹7,500 crore through the issuance of eligible equity securities via various permissible routes. The equity issuance will be capped at an aggregate dilution of 10 per cent,...

Oil prices were mixed on Monday after renewed military strikes between the U.S. and Iran over the weekend reignited concerns over crude supplies from the Middle East. U.S. West Texas Intermediate futures rose 0.4% to $69.52 per barrel, paring some gains after briefly rising above $70. WTI settled below $70 on Friday for the first time since Feb. 27 — the day before the...

Adani Power is targeting thermal power capacity addition of 23,720 MW by FY32 with an estimated capital expenditure of ₹2 trillion. This will include 22,400 MW through 12×800 MW ultra-supercritical projects and 1,320 MW through 2×660 MW supercritical projects.  In its presentation to stakeholders at the annual general meeting on Thursday, the company said that, as part of the expansion...