The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol stations, in grocery bills, and along global trade routes. The conflict, which has continued to intensify since February 28, has already pushed…
Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when prices had fallen on hopes of a diplomatic breakthrough between the two nations and the possible reopening of the Strait of Hormuz.West Texas Intermediate…
Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…
NEW DELHI: Petrol and diesel prices remained unchanged across major cities in India on Thursday, even as global crude oil prices continued to rise amid geopolitical uncertainty in West Asia.Government sources, however, have not ruled out a possible fuel price hike in the near future as oil marketing companies continue to face mounting losses due…
Bengaluru: United Breweries on Thursday informed stock exchanges that an employee inadvertently disclosed unpublished price sensitive information (UPSI) related to the company’s draft annual financial results to an outside individual.In a filing, the beer maker said the disclosure took place on May 5 “for legitimate reasons” but without the “necessary safeguards”. The company said the…
Commerce and Industry Minister Piyush Goyal on Thursday chaired a meeting to prepare a roadmap for securing Sanitary and Phytosanitary (SPS) approvals for Indian agricultural and fisheries products in global markets, aimed at boosting exports and improving incomes of farmers and fisherfolk, ANI reported.Sharing details of the meeting on X, Goyal said he “chaired a…
New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has achieved 42% completion following resumption of work after force majeure condition was lifted in Nov 2025.Located in Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, an investment of around $20 billion is estimated for the…
Telecom regulator Trai on Thursday proposed a stronger consumer grievance redressal framework for telecom operators, including penalties of up to Rs 50 lakh per quarter for improper handling or disposal of customer complaints, PTI reported.The proposed Telecom Consumers Complaint Redressal (Fourth Amendment) Regulation, 2026 aims to make complaint registration and tracking more transparent and accessible…
US stock markets hovered near record highs on Thursday as oil prices extended losses amid rising optimism over a possible agreement between the United States and Iran that could reopen the Strait of Hormuz and restore crude shipments from the Persian Gulf, AP reported.The S&P 500 added 0.1 per cent, extending gains after hitting an…
Markets regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect saying the system had become redundant due to stronger cyber security, disaster recovery and business continuity mechanisms in the securities market, PTI reported.The IRRA platform, launched on October 1, 2023, was introduced to provide brokers with…
