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Supply curbs bulk buyers shut out of retail fuel networkThe government has restricted bulk diesel purchases from retail stations to 200 litres per customer and banned reselling to prevent diversi...- Global liquor companies chase Indian state dues of $400 millionAlcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies s...
- NLC India bags critical mineral block in TelanganaIn a stock exchange filing, the company said NLC India has been "declared as preferred bidder for critical and strategic mineral block auct...
- Top Indian state lenders eye first dollar bonds since RBI subsidy, sources sayState Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India's fresh su...
- Blending of E20+ petrol exempt from excise dutyThe government has removed excise duty on blending over 20% ethanol with petrol. This move supports the use of more domestically produced e...
- As women flock to free state buses in Bengal, private operators look for rescue planPrivate bus operators in West Bengal are facing significant revenue losses following the introduction of free travel for women on governmen...
- India sees $3 billion debt fundraising rush as yields slump after RBI moves, bankers sayIndian companies are actively raising short-term debt. This surge follows central bank actions that significantly reduced borrowing costs. ...
- India bonds end higher as oil eases; focus shifts to debt sale, inflationThursday marked a positive performance for Indian government bonds, buoyed by falling oil prices that alleviated fears tied to the U.S.-Ira...
- Iran Guards say targeted US bases in Bahrain and Kuwait as West Asia broil reignitesIran's Islamic Revolutionary Guard Corps announced strikes on bases in Kuwait and Bahrain. The IRGC stated eighteen US Army targets were hi...
- Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flowsBrazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil'...
- Kerala to offer free bus travel for women from June 15 at Rs 800 crore yearly costKerala is launching free bus travel for women on ordinary KSRTC services starting June 15. This 'Priyadarshini' scheme benefits women of al...
- RBI likely intervenes to support rupee, conducts swaps, traders sayThe Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing non-deliverable for...
- Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...
- SBI in $1 billion funding for Sun Pharma’s US dealState Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co....
- RBI opens a dollar swap window to help hedge foreign borrowingsThe Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge t...
- Bharat Petroleum to shut crude unit at Mumbai refinery in NovemberBharat Petroleum Corporation will undertake maintenance at its Mumbai refinery in November. A 120,000 barrel per day crude unit and other s...
- Strait of Hormuz: Iran-U.S. war is far from over. Here's whyIran’s Revolutionary Guard said it had targeted the Ali Al Salem air base, which hosts U.S. forces in Kuwait, and the U.S. Navy’s 5th Fleet...
- Cabinet approves Rs 10,000 crore fund to cap jet fuel prices; clears Rs 24,249 crore highway projectsAviation Turbine Fuel prices will be capped by state-run oil companies. The government has approved a ₹10,000 crore support scheme. This ai...
- Lebanon civil defence says Israel strike on south late Monday killed sixAn Israeli strike hit the south Lebanese village of Marwaniyeh killing six people on late Monday. Civil defense teams recovered the bodies....
- LPG sales decline 24% in May; Petrol and diesel see 4.8% and 6.4% rise, respectivelyLPG sales saw a significant drop of 24 percent in May compared to last year. Meanwhile, petrol and diesel sales by state-run companies incr...
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