Iran’s chief negotiator in talks with the United States warned on Tuesday that his country has “not even started” in its standoff over the Strait of Hormuz. “We know full well that the continuation of the status quo is intolerable for America; whilst we have not even started yet,” Mohammad Bagher Ghalibaf said in a…
Former RBI Governor Raghuram Rajan has urged India to reconsider Russian oil imports after the Trump administration imposed 50% tariffs on New Delhi’s purchases. Rajan said refiners benefit from profits but exporters bear the tariff cost, calling the move a “wake-up call” for India to diversify trade and reduce reliance on any single partner.
A US-sanctioned tanker, Contract II, is being dismantled in Alang, India. The sale involves extended payment terms and measures to hide the owner’s identity. This suggests increased pressure on older dark fleet vessels due to stricter sanctions enforcement. The unusual clauses in the sale contract raise concerns about illicit activities. More sanctioned ships are turning…
India is poised to increase its reliance on West Asian oil suppliers like Saudi Arabia, the UAE, and Iraq, as the US intensifies pressure on Russian crude imports. This shift comes as discounts on Russian oil narrow and the US imposes higher tariffs. While Russian oil imports will continue, India aims to diversify its sources…
The discom said that the peak was registered at 10.39 am on Friday, surpassing the last five years’ winter maximum demand of 5,655 MW and its two utilities — BRPL and BYPL — successfully met peak demands of 2,508 MW and 1,209 MW, respectively, in their supply areas.
Last week, the Indian Parliament abolished the decades-old state monopoly in the nuclear power generation sector and made sweeping changes to the country’s liability provisions that had spooked investors. The move is expected to attract about $214 billion in investments, with proposals from the Adani Group under consideration, Bloomberg News reported last week.
In a noteworthy shift, Indian oil corporations have curtailed daily losses by almost 25% thanks to a Rs 3 per litre increase in petrol and diesel prices. Nevertheless, ongoing global crude oil fluctuation and a depreciating rupee mean that fuel prices still linger below production costs. Currently, there are no discussions surrounding a government financial…
India’s economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director Sukhmal Kumar Jain highlighted rising import costs and rupee depreciation as major concerns. He emphasized that the nation’s heavy reliance on imports for oil and other key commodities exacerbates these economic pressures.
Ghaziabad is launching new 5 kg LPG connections for the economically weaker sections and working class. Eighty-five gas agencies in the district have received 50 cylinders each for distribution. This initiative aims to benefit daily wage labourers, small families, and temporary residents.
Bharat Heavy Electricals Limited, BHEL, has secured a significant order worth Rs 13,500 crore from NTPC. This order is for the main plant package of the 2,400 MW Telangana Stage-II thermal power plant. BHEL received the Notification of Award on March 29, 2026. The project scope includes design, engineering, manufacturing, supply, erection, commissioning, and testing…