Search results for 'OIL'

US vows to prosecute Iranian oil buyers as Hormuz blockade begins

US vows to prosecute Iranian oil buyers as Hormuz blockade begins

Rediff.com14 Apr 2026

The US has threatened to prosecute those buying or selling sanctioned Iranian oil and has announced a blockade of the Strait of Hormuz after peace talks failed.

Recipe: Mallika's Senaga Pappu Kobbari Curry

Recipe: Mallika's Senaga Pappu Kobbari Curry

Rediff.com2 Jun 2026

Senaga Pappu Kobbari Curry is a simple and comforting dish from Andhra Pradesh and Telangana.

Sensex and Nifty Rally as Oil Prices Drop and Global Markets Recover

Sensex and Nifty Rally as Oil Prices Drop and Global Markets Recover

Rediff.com7 Apr 2026

Indian stock market benchmarks Sensex and Nifty closed higher on Tuesday, buoyed by a drop in crude oil prices, a rally in global markets, and strong buying in IT stocks.

No surplus oil, says Iran as US eases sanctions

No surplus oil, says Iran as US eases sanctions

Rediff.com21 Mar 2026

In a statement issued by Iran's consulate in Mumbai, it said, "At present, Iran essentially has no floating crude or surplus available for international markets. The US Treasury Secretary's remarks appear aimed at reassuring buyers and managing market sentiment."

Recipe: Swati's Fried Potol

Recipe: Swati's Fried Potol

Rediff.com25 May 2026

This tadka for pointed gourd takes it to another level taste-wise.

'Gulf War Has Been The Worst Crisis For Indians'

'Gulf War Has Been The Worst Crisis For Indians'

Rediff.com1 days ago

'It will take a long time to recover from the impact of this war.'

Sensex,Nifty Decline as US-Iran Tensions, FII Outflows Weigh on Sentiment

Sensex,Nifty Decline as US-Iran Tensions, FII Outflows Weigh on Sentiment

Rediff.com2 days ago

Indian equity benchmark indices Sensex and Nifty closed lower on Thursday, driven by escalating tensions between the US and Iran, persistent foreign fund outflows, and concerns over rising US inflation.

How Fuel Price Hikes Are Impacting Kerala's Economy

How Fuel Price Hikes Are Impacting Kerala's Economy

Rediff.com27 May 2026

Kerala is facing increased inflationary pressure due to recent hikes in petrol and diesel prices, according to Chief Minister V D Satheesan. The state's economy is also impacted by the decline in remittances from the Gulf and higher oil prices.

Stock markets today: Sensex, Nifty slide as global cues weaken, foreign funds exit

Stock markets today: Sensex, Nifty slide as global cues weaken, foreign funds exit

Rediff.com4 Jun 2026

Indian benchmark indices Sensex and Nifty experienced a decline in early trade, mirroring weak global market trends and persistent outflows from foreign institutional investors (FIIs), exacerbated by ongoing geopolitical uncertainties in West Asia.

International ATF prices cut 27%; commercial LPG, 5-kg cylinder prices raised

International ATF prices cut 27%; commercial LPG, 5-kg cylinder prices raised

Rediff.com1 Jun 2026

India has significantly reduced Aviation Turbine Fuel (ATF) prices for international airlines by 27% due to easing global fuel benchmarks, while simultaneously increasing commercial LPG and 5-kg cylinder prices to record highs.

RBI maintains repo rate at 5.25%, cites West Asia crisis and inflation risks

RBI maintains repo rate at 5.25%, cites West Asia crisis and inflation risks

Rediff.com5 Jun 2026

The Reserve Bank of India (RBI) has kept its key lending rate, the repo rate, unchanged at 5.25 per cent for the second consecutive time, citing concerns over rising energy prices, supply disruptions from the West Asia crisis, and potential inflationary pressures.

Haryana Inmate Assaults Prisoner with Hot Oil, Injuring Eye

Haryana Inmate Assaults Prisoner with Hot Oil, Injuring Eye

Rediff.com23 Mar 2026

An inmate in Neemka jail, Haryana, threw hot oil on another prisoner, causing severe burns and eye damage. The incident follows a recent murder in the same jail, raising concerns about security.

Sensex and Nifty Recover as Crude Oil Prices Dip and Bank Stocks Rally

Sensex and Nifty Recover as Crude Oil Prices Dip and Bank Stocks Rally

Rediff.com6 Apr 2026

Indian benchmark indices Sensex and Nifty rebounded sharply on Monday, driven by a correction in crude oil prices due to ceasefire efforts in West Asia and strong buying in bank stocks.

Indian Equities End Flat Amid West Asia Uncertainty, RBI Policy Awaited

Indian Equities End Flat Amid West Asia Uncertainty, RBI Policy Awaited

Rediff.com4 Jun 2026

Indian benchmark indices, Sensex and Nifty, closed almost flat in choppy trade as investors remained cautious due to ongoing uncertainty in West Asia, relentless foreign fund outflows, and anticipation of the RBI's monetary policy decision.

Markets underpricing oil shock risk amid West Asia conflict, say analysts

Markets underpricing oil shock risk amid West Asia conflict, say analysts

Rediff.com31 Mar 2026

Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.

Thane FDA Seizes Adulterated Food Items Worth Rs 12 Lakh

Thane FDA Seizes Adulterated Food Items Worth Rs 12 Lakh

Rediff.com28 May 2026

The Food and Drug Administration (FDA) seized suspicious food items worth almost Rs 12 lakh in Thane district, leading to the arrest of six persons.

How India plans to counter external risks facing its economy

How India plans to counter external risks facing its economy

Rediff.com4 days ago

The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.

Petrol tops Rs 100 across most cities, diesel nears Rs 100 as prices raised for 4th time

Petrol tops Rs 100 across most cities, diesel nears Rs 100 as prices raised for 4th time

Rediff.com25 May 2026

Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.

NSE to introduce Dated Brent Crude Oil futures contract from Apr 13

NSE to introduce Dated Brent Crude Oil futures contract from Apr 13

Rediff.com29 Mar 2026

The National Stock Exchange (NSE) will launch Dated Brent Crude Oil (Platts) futures on April 13, offering a new hedging tool for market participants.

Inmate's Death Puts Neemka Jail Under Scrutiny

Inmate's Death Puts Neemka Jail Under Scrutiny

Rediff.com5 days ago

A 25-year-old inmate, Hrithik alias Rankit Bhadana, was found dead by suicide in Neemka jail hospital. His brother alleges torture by a jail official, while authorities deny the claims. The incident has led to an investigation and highlights previous issues at the jail.

Petrol, diesel price hiked for 3rd time in 10 days

Petrol, diesel price hiked for 3rd time in 10 days

Rediff.com23 May 2026

Petrol price has been increased by 87 paise in Delhi from Rs 98.64 to Rs 99.51 per litre. Diesel rates have gone up by 91 paise from Rs 91.58 to Rs 92.49.

EV Adoption Rises As West Asia Crisis Makes Fuel Costly

EV Adoption Rises As West Asia Crisis Makes Fuel Costly

Rediff.com5 days ago

Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.

Over 24 Kg Of Drugs Seized In Kerala, Five Arrested

Over 24 Kg Of Drugs Seized In Kerala, Five Arrested

Rediff.com30 May 2026

The Directorate of Revenue Intelligence (DRI) has seized over 24 kg of narcotic drugs and psychotropic substances in Kerala and arrested five individuals involved in trafficking networks.

Russia offers to boost oil, gas supplies to India amidst West Asia turmoil

Russia offers to boost oil, gas supplies to India amidst West Asia turmoil

Rediff.com3 Apr 2026

Amidst global energy market volatility driven by the West Asia crisis, Russia has proposed increasing its crude oil and natural gas supplies to India, strengthening bilateral energy ties and aiming for USD 100 billion in annual trade by 2030.

Oil Prices Tumble as US Pauses Military Action Against Iran

Oil Prices Tumble as US Pauses Military Action Against Iran

Rediff.com23 Mar 2026

Crude oil prices experienced a sharp decline after US President Donald Trump announced a temporary halt to military strikes on Iran's energy infrastructure, easing geopolitical tensions and supply disruption fears.

Stock markets today: Sensex rises 300 points; Nifty over 23K

Stock markets today: Sensex rises 300 points; Nifty over 23K

Rediff.com22 May 2026

Indian benchmark equity indices, Sensex and Nifty, saw a rebound in early trade, driven by a rally in global markets and easing Brent crude oil prices, with hopes of US-Iran peace negotiations also contributing to investor optimism. Track Sensex, Nifty on May 22

India's GDP expands 7.8% in Q4, full year growth hits 7.7%

India's GDP expands 7.8% in Q4, full year growth hits 7.7%

Rediff.com5 Jun 2026

India's economy registered a robust 7.7 per cent growth in the fiscal year 2025-26, an increase from 7.1 per cent in the previous year, with the January-March quarter alone seeing a 7.8 per cent expansion.

Govt to Crack Down on Industrial Users Diverting Cheaper Retail Fuel

Govt to Crack Down on Industrial Users Diverting Cheaper Retail Fuel

Rediff.com28 May 2026

The Indian government has issued a stern warning to industrial users who are reportedly procuring cheaper retail fuel instead of industrial-grade fuel, leading to significant losses for state-run oil marketing companies (OMCs) and potential local shortages. This diversion, driven by a substantial price difference between retail and bulk diesel, is adversely impacting OMCs, which are absorbing daily losses of approximately 550 crore to keep retail prices stable.

Government okays Rs 10,000 cr jet fuel fund for airlines

Government okays Rs 10,000 cr jet fuel fund for airlines

Rediff.com4 Jun 2026

The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the ministry of petroleum and natural gas. The OMCs, in turn, will use the fund to provide ATF price stabilisation support to Indian carriers operating domestic and international flights.

RBI raises FY27 inflation forecast to 5.1% on higher fuel pricescosts

RBI raises FY27 inflation forecast to 5.1% on higher fuel pricescosts

Rediff.com5 Jun 2026

The Reserve Bank of India has increased its retail inflation projection for 2026-27 to 5.1 per cent, up from an earlier estimate of 4.6 per cent. This revision is primarily attributed to mounting input costs, driven by the pass-through of higher global energy prices to domestic petrol and diesel rates, which have seen significant increases since May.

India: World's Biggest Plastic Polluter

India: World's Biggest Plastic Polluter

Rediff.com4 days ago

India generates 9.3 million tonnes of plastic waste annually, nearly 20 per cent of the world's total.

Stock Market Today: Sensex, Nifty50 Fall as Oil Price Surge and West Asia Conflict

Stock Market Today: Sensex, Nifty50 Fall as Oil Price Surge and West Asia Conflict

Rediff.com7 Apr 2026

Indian stock market indices Sensex and Nifty experienced a decline in early trade due to surging crude oil prices and ongoing geopolitical uncertainty in West Asia. Foreign fund outflows further contributed to the negative sentiment.

India launches emergency mission to pull 13 ships out of Hormuz

India launches emergency mission to pull 13 ships out of Hormuz

Rediff.com29 May 2026

India on Friday launched a highly coordinated, priority operation to safely guide 13 Indian-flagged commercial vessels out of the volatile Strait of Hormuz, the ministry of ports, shipping, and waterways announced on Friday.

Make Iran pay: US weighs using frozen assets for Gulf reconstruction

Make Iran pay: US weighs using frozen assets for Gulf reconstruction

Rediff.com7 days ago

A source familiar with US Treasury Secretary Scott Bessent's thinking revealed on Saturday that the department "intends to utilise all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran."

Stock Markets Today: Sensex, Nifty Decline Amid US-Iran Tensions

Stock Markets Today: Sensex, Nifty Decline Amid US-Iran Tensions

Rediff.com2 Jun 2026

Indian equity benchmark indices Sensex and Nifty declined in early trade, driven by persistent concerns over the unresolved US-Iran situation and continued outflows from foreign institutional investors.

Suvendu serves jhalmuri to Modi at NDA conclave

Suvendu serves jhalmuri to Modi at NDA conclave

Rediff.com3 days ago

Prime Minister Narendra Modi shared jhalmuri with NDA leaders at the Bharat Mandapam conclave, bringing the popular Bengali snack back into the political spotlight. This act revived memories of his West Bengal election campaign where a jhalmuri break became a political talking point and a subtle jab at the Trinamool Congress.

FPIs withdraw nearly Rs 33,000 crore in May, total outflow crosses Rs 2.25 lakh crore in 2026

FPIs withdraw nearly Rs 33,000 crore in May, total outflow crosses Rs 2.25 lakh crore in 2026

Rediff.com31 May 2026

Foreign Portfolio Investors (FPIs) withdrew nearly Rs 33,000 crore from Indian equities in May, bringing the total outflow for 2026 to Rs 2.25 lakh crore, driven by weak earnings growth, rupee depreciation, and more attractive opportunities in other global markets.

Nayara Energy Increases Petrol and Diesel Prices Amidst Global Oil Surge

Nayara Energy Increases Petrol and Diesel Prices Amidst Global Oil Surge

Rediff.com26 Mar 2026

Nayara Energy, a private fuel retailer in India, has increased petrol and diesel prices following a surge in global oil prices due to Middle East tensions. This move contrasts with state-owned retailers who continue to freeze prices.

19 India-bound oil, gas ships stranded in Hormuz raising supply concerns

19 India-bound oil, gas ships stranded in Hormuz raising supply concerns

Rediff.com31 Mar 2026

The escalating conflict in West Asia has resulted in 19 ships carrying essential energy resources for India being stranded in the Strait of Hormuz, raising concerns about potential disruptions to the country's energy supply.

India's Era Has Arrived: Birla

India's Era Has Arrived: Birla

Rediff.com5 Jun 2026

Kumar Mangalam Birla urged young people to 'build in India, build for India and build for the world'.