MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…
MUMBAI: Sales of induction cooktops have surged on e-commerce platforms as consumers are rushing to keep back-up options ready amid fears over disruption in supply of cooking gas.For Walmart-controlled Flipkart, sales volumes have tripled over the last four-five days as compared to the preceding three-four weeks, while Amazon has seen demand spike by as much…
Revised Cost Estimate Under Sanction: Govt NEW DELHI: Now it’s official that railways will run B28, the bullet train being manufactured in India, on the first stretch of Ahmedabad-Mumbai bullet train project that is scheduled to be operational in Aug 2027. The railway ministry informed a parliamentary panel that the national transporter has decided to…
NEW DELHI: India is supplying diesel to Bangladesh on a commercial basis as part of its existing trade agreement, officials said on Tuesday, amid reports that India had begun supplying 5,000 tonnes of fuel to the neighbouring country due to the energy crisis created by the conflict in West Asia.Officials said New Delhi had been…
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…
NEW DELHI: Facing a severe LNG (liquefied natural gas) crunch, govt on Monday invoked the Essential Commodities Act, 1955, to reallocate gas supply and slashed allocation for fertiliser and other industries, while seeking to ensure full availability for priority sectors such as domestic piped natural gas (PNG) for kitchens, compressed natural gas (CNG) for transport…
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
The government has asked shipping companies, vessel operators and their agents to refrain from “predatory, non-transparent and opportunistic pricing” practices as freight costs rise sharply amid disruptions caused by the ongoing conflict in West Asia, PTI reported citing sources.The advisory was issued by the Directorate General of Shipping (DGS) on Monday after the regulator received…
US stocks edged lower on Tuesday as investors remained cautious amid uncertainty over how long the war with Iran may last and whether oil prices will stabilise after recent sharp swings.The S&P 500 slipped 0.4% in morning trading, while the Dow Jones Industrial Average fell about 250 points, or 0.5%, as of 10 a.m. Eastern…
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already…
