Oil Prices Face Steepest Weekly Fall in 6 Months
Global oil prices are on track for their steepest weekly drop in six months, driven by rising US inventories, demand concerns, and a stronger dollar, impacting markets worldwide.
Category : Corporate News
Govt Cuts Petrol, Diesel Excise Duty to Keep Fuel Prices Stable
The Finance Ministry has reduced excise duty on petrol from Rs 13 to Rs 3 per litre and on diesel from Rs 10 to zero. A new duty on ATF is introduced at Rs 50 per litre, with exemptions capping it at Rs 29.5 per litre.
Puri Denies Lockdown Rumors, Criticizes Harmful Misinformation
Union Minister Hardeep Singh Puri dismisses false lockdown rumors in India, calling them irresponsible. He details government measures to stabilize fuel prices and ensure supply amid global energy crisis.
Excise Duty Slashed on Petrol to Rs 3, Diesel to Nil
The Indian government has reduced excise duty on petrol to Rs 3 per litre and eliminated it on diesel to aid oil marketing companies facing high crude prices due to Middle East conflict.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Pune Fuel Shortage: Panic Buying and Payment Issues Hit Pumps
Pune petrol pumps face shortages due to panic buying and a shift to advance payments by oil companies, despite no actual fuel supply shortage. Dealers report sales surging 70%.
Nayara Energy Hikes Petrol, Diesel Prices Due to Global Oil Surge
Private fuel retailer Nayara Energy increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, citing global oil price surges from the Middle East conflict. The company operates nearly 7,000 stations across India.
India Rules Out Fuel Restrictions, Asserts Energy Security
The Indian government has dismissed speculation about petrol and diesel shortages, confirming no restrictions on sales. It highlights robust fuel availability and strategic measures to ensure energy security.
Domestic Flight Costs to Soar This Summer with Fewer Flights
Domestic air travel in India is expected to become significantly more expensive this summer due to a 12% reduction in weekly flights and rising aviation fuel costs, mirroring trends seen in international travel.
AM/NS India Names Amit Harlalka New CEO, Dilip Oommen Steps Down
ArcelorMittal Nippon Steel India appoints current CFO Amit Harlalka as CEO from July 1, while outgoing CEO Dilip Oommen will continue as board member after leading the company since its formation.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Industry Seeks Govt Relief Amid Middle East Supply Chain Crisis
Indian industries, facing severe supply chain disruptions due to the Middle East conflict, have proposed multiple measures to the government, including freight support, loan relief, and alternative sourcing strategies.
Kochi Factory Fire Kills Worker, Exposes Safety Lapses
A massive fire at Cee Jee Lubricants in Kochi's Edayar Industrial Area killed one worker and injured three. Preliminary probe reveals machinery leakage and inadequate safety equipment, raising concerns about industrial safety in the region.
Karnataka Inks Rs 51,469 Crore Investment Deals at Conclave
Karnataka has signed agreements worth Rs 51,469 crore with multinational companies across aerospace, automotive, biotechnology, and manufacturing sectors at the Invest Karnataka Conclave 2026, boosting the state's economic growth.
CBI Raids Reliance Telecom in Rs 115 Crore SBI Fraud Case
The Central Bureau of Investigation conducted searches at Reliance Telecom's Mumbai office and residences of former directors in a Rs 114.98 crore fraud case involving State Bank of India, part of broader probes into Reliance Group irregularities.
Musk Seeks Review, Claims Jury Mocked Him in Twitter Fraud Verdict
Elon Musk has formally requested a judge to review a jury verdict that found him guilty of defrauding Twitter investors during the acquisition, alleging the jury engaged in mocking behavior.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
AMIPS Buys LTTS SWC Unit for Rs 452 Cr in AI Push
AMI Paradigm Solutions acquires L&T Technology's Smart World business for Rs 452 crore in a slump sale. The deal aims to expand sovereign AI offerings for governments and critical infrastructure globally.
Goa Fuel Panic: Dealers Deny Shortage, Urge Calm
The Goa Petrol Dealers Association issues advisory against panic buying, clarifying fuel supplies remain stable despite rumors linked to Middle East tensions.
Panic Fuel Buying in MMR, No Shortage but Payment Issues
Panic buying at petrol pumps across Mumbai Metropolitan Region, including Thane and Navi Mumbai, has erupted despite oil companies confirming no fuel supply shortage. The issue stems from a shift to an advance payment system, leaving some stations unable
Reliance Denies Buying Iranian Crude Oil Amid Sanctions
Reliance Industries clarifies it has not purchased crude oil of Iranian origin. Industry sources reveal past deals used Euros via Turkish banks, but that route is now closed.
Nokia Appoints New India Business Leader and Manager
Nokia has appointed a new Country Business Leader and Manager for India, aiming to strengthen its market presence and drive growth in the region.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Microsoft Revamps HR Team Amid AI Push, Leadership Changes
Microsoft has announced a significant restructuring of its HR team and key leadership changes as part of its intensified focus on artificial intelligence and strategic realignment.
Nayara Energy Hikes Petrol, Diesel Prices Amid Global Crude Surge
India's largest private fuel retailer Nayara Energy increases petrol by Rs 5/litre and diesel by Rs 3/litre due to Middle East tensions and rising input costs. State-run firms maintain price freeze on standard fuels while adjusting premium rates.
Reliance Denies Buying Iranian Crude Oil, Calls Reports Baseless
Reliance Industries Limited has strongly refuted media reports claiming it purchased Iranian crude oil, labeling the allegations as baseless and misleading in an official statement.
Dubai Property Bonds in Distress Amid Middle East Conflict
Six dollar-denominated property bonds in the Middle East are now trading at distressed levels, accounting for about 15% of the region's real estate bonds in the dollar market, as investor concerns over credit quality and refinancing risks intensify.
India Secures 60 Days of Crude Oil Stock, Government Confirms
The Indian government has announced that the country's crude oil supply is fully secured with a stockpile sufficient for 60 days, ensuring energy stability amid global market fluctuations.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
L&T Finance Empowers 100+ Women in Hubballi with Riding Skills
L&T Finance's 'Pillion Rider to Rider' program, in partnership with Aatm Nirbhar, trained over 100 women in Hubballi in two-wheeler riding, road safety, and licensing, promoting independence and mobility.
Consumer Authority Bans Hotels from Adding Fuel Surcharges
The Central Consumer Protection Authority has issued a strict warning to hotels and restaurants against imposing extra charges for LPG or fuel, citing lack of transparency and unjustified costs to consumers.
Super Micro Shareholders Sue Over Alleged Securities Fraud
Super Micro Computer shareholders have filed a lawsuit accusing the tech firm of securities fraud, alleging it hid sales to China that violated US export laws, following recent criminal charges against executives.
LPG Supply Fully Secure, Panic Buying Due to Misinformation: Ministry
The Petroleum Ministry has confirmed that India's petroleum and LPG supply chains are fully secure and operational, dismissing recent panic buying as driven by deliberate misinformation campaigns.
Jamie Dimon Slams Remote Work, Says It Hurts Young Workers' Learning
JP Morgan CEO Jamie Dimon criticizes remote work, stating it reduces attention in virtual meetings and hampers young employees' learning and emotional intelligence development.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Salesforce Skips Salary Hikes for Senior Staff, Boosts Stock
Salesforce will not give salary increases to directors and above this year, focusing on stock grants and bonuses instead. Top performers may see bonuses up to 140% and stock grants 40% larger.
Page 92 of 207
