State-owned oil marketing companies have started asking petrol pump dealers to make advance payments for supplies of petrol and diesel, as refiners grapple with mounting revenue losses from retail fuel sales, according to a Reuters report.Nearly 90% of India’s about 1,01,470 fuel stations are linked to public sector refiners and retailers – Indian Oil Corporation,…
US stock markets traded higher in early deals on Tuesday even as crude oil prices resumed their upward movement, signalling a more stable investor response after sharp volatility linked to the ongoing war with Iran.The S&P 500 rose 0.7 per cent in early trading, coming off its strongest session since the conflict began. The Dow…
NEW DELHI: Leela Palaces, Hotels and Resorts Tuesday announced the acquisition of an ultra-luxury resort in Coorg. marking the brand’s entry into immersive, nature-led and wellness anchored hospitality. The 71 all-villa property, set within 76 acres of lush landscape near Madikeri, will open as The Leela Coorg Forest Sanctuary later this year.With the addition of…
India’s mutual fund industry assets under management (AUM) rose to Rs 82.03 lakh crore in February 2026, registering a 27.1 per cent increase from Rs 64.53 lakh crore a year earlier, according to data released by Franklin Templeton report.The growth was driven largely by sustained inflows into equity-oriented schemes and continued expansion in systematic investment…
Xi Jinping and Donald Trump (File photo) US President Donald Trump’s request to postpone his planned summit in Beijing with Chinese leader Xi Jinping has cast a shadow over bilateral engagement that had remained stable since their last meeting in October, though analysts believe the delay is unlikely to trigger a major rupture in ties,…
UAE Labour Law: Can Employers Withhold Salary for Stranded Employees Amidst Iran vs US-Israel War? As geopolitical tensions in the Middle East and Iran vs US-Israel war disrupt travel and leave thousands of expatriates unable to return to the UAE, a pressing question is surfacing across workplaces and WhatsApp groups alike: Can your employer legally…
The Reserve Bank of India (RBI) on Tuesday injected Rs 48,014 crore in transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction, even as surplus liquidity conditions narrowed sharply due to advance tax outflows, reported PTI.The funds were infused at a cut-off rate and weighted average rate of 5.26 per…
10% of India’s non-energy imports in 2024 originated from the Middle East region. (AI image) The Middle East conflict has brought into focus the vulnerability of countries around the world in terms of their dependency on oil and gas. India, the world’s fifth largest economy, is also the third largest importer of oil. A big…
Health insurance has become a priority area for the government, finance minister Nirmala Sitharaman said on Tuesday, expressing hope that the country would achieve universal insurance coverage by 2033 as the sector expands its reach.Replying to supplementary queries during Question Hour in the Rajya Sabha, Sitharaman said the insurance industry had already made significant progress,…
Hyderabad: Pharma player SAI Parenteral’s Limited has set a price band of Rs 372 to Rs 392 per equity share for its initial public offering (IPO that will open for subscription on March 24 and close on March 27, while anchor investor bidding is scheduled for March 23.The IPO, based on the book-building route, includes…
