India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum … Read more
Govt says fuel supply, prices stable despite global oil market turmoil The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the ongoing Middle East crisis, which has sharply disrupted global energy markets and shipping routes through the Strait of Hormuz.During an inter-ministerial media briefing, the government … Read more
New gratuity rules: Over time, this may translate into a higher payout at the time of exit. (AI image) Gratuity has long been seen as a quiet but meaningful reward for years of service. It is not something employees think about every month, but at the time of leaving a job, it often becomes one … Read more
Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market.Retail gold rates across major Indian cities also recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices.On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose … Read more
Air India has told employees that it does not anticipate layoffs despite mounting financial pressures linked to the Middle East conflict, while also directing teams to sharply reduce costs and suspend discretionary spending.During a townhall meeting on Friday, Air India chief human resources officer Ravindra Kumar GP assured staff that job cuts were not expected … Read more
Domestic equity markets ended the week under pressure on Friday as renewed military actions near the Strait of Hormuz weighed on investor sentiment, dragging both benchmark indices lower.The BSE Sensex settled at 77,328.19, down 516.33 points or 0.66 per cent, while the Nifty 50 closed at 24,176.15, falling 150.50 points or 0.62 per cent. Nifty50 … Read more
State Bank of India (SBI) reported a 6% rise in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, lifted by improving asset quality and lower bad loans.The country’s largest lender had posted a net profit of Rs 18,643 crore in the January–March quarter of the 2024–25 financial year.Despite the … Read more
A few billion-dollar bets on oil markets were placed just before major Iran-related announcements by US President Donald Trump and the timing is now raising eyebrows across global trading floors. According to traders, market experts and a Reuters analysis of exchange data, oil positions worth as much as $7 billion were placed across March and … Read more
The Middle East crisis has set off a global energy strain, with countries rushing to lock in fuel supplies to shield themselves from a potential blowout. Pakistan, however, is taking a risky route, choosing to skip urgent LNG purchases and betting that disruptions in the Strait of Hormuz will ease sooner rather than later, while … Read more
The United States Court of International Trade on May 7 delivered another setback to Donald Trump’s tariff strategy, striking down the 10% global duties imposed under Section 122 of the Trade Act of 1974. The 10% tariffs were imposed by the Trump administration after the US Supreme Court blocked the “Liberation Day tariffs”, which had … Read more