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...
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...
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...
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...
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...
In a major relief for businesses and commercial establishments, the government has reduced the price of the 19-kg commercial LPG cylinder by ₹183.50 from the first day of the month. Following the latest revision, the price of the commercial cylinder in Delhi has dropped to ₹2,930 from ₹3,113.50 earlier. However, there has been no change...
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...
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...
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,...