S&P Global Ratings warns that Indian oil marketing companies like IOC, BPCL, and HPCL may face reduced profit margins due to rising crude oil prices and government pressure to maintain stable retail prices.
The International Energy Agency (IEA) has proposed immediate demand-side measures, including remote work, lower speed limits, and reduced air travel, to mitigate the impact of a global oil supply shock caused by Middle East disruptions.
The rupee plunged to a fresh low of 93.72 against the dollar on Friday, falling 1.15 per cent in a single session - its sharpest one-day decline since February 24, 2022 - as elevated crude oil prices and strong dollar demand from oil-marketing companies and foreign portfolio investors (FPIs) weighed on the currency.
India's forex reserves fell by $276 million to $699.96 billion during the week ended October 3, according to RBI data. In the previous reporting week, India's forex reserves had dropped by $2.33 billion to $700.24 billion.
Calling such reports baseless, Finance Minister Nirmala Sitharaman said there was no such move under consideration.
The Indian government has reassured citizens that the country has sufficient reserves of petrol, diesel, and LPG, and that refineries are operating at high capacity despite global supply chain disruptions. They have urged citizens to avoid panic buying and hoarding.
The Supreme Court has criticised Haryana Police and Gurugram's Child Welfare Committee for their handling of a three-year-old's rape case, ordering a special investigation team and a fair probe.
The Indian rupee weakened against the US dollar due to sustained foreign fund outflows and uncertainties in West Asia, although lower crude oil prices and a positive opening in domestic equity markets limited the losses.
'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
The delegations from the US and Iran head to Islamabad on Friday, carrying a ceasefire that is already fraying, a Strait that is technically open and practically closed, and a negotiating agenda that would challenge even parties actually negotiating in good faith, which these groups are not. Prem Panicker continues his must read blog on the Iran War.
Prime Minister Narendra Modi addresses the Rajya Sabha, detailing India's strategies to navigate the global energy crisis sparked by the West Asia conflict, including securing diverse energy sources and expanding strategic oil reserves.
We cannot simply have a 60-65 per cent import dependency in LPG, the bulk of which comes from just one volatile region -- West Asia, points out R Jagannathan.
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
The stats according to World Population Review's 2022 compilation.
Scientists at CERN have achieved a groundbreaking feat by successfully transporting antimatter across their Geneva laboratory, opening new avenues for antimatter research and potentially shedding light on the universe's matter-antimatter imbalance.
By all available indications, the White House drafted a face-saving note and handed it, ready-made, to Islamabad. Pakistani Prime Minister Shehbaz Sharif was supposed to then post it in the guise of a plea urging Trump to extend the deadline by two weeks 'to allow diplomacy to run its course'. Trump would then graciously accept Pakistan's 'request' and declare a ceasefire. Sharif dutifully posted the message on X. Except that he, or whoever was handling the account, forgot to delete the tell-tale first line visible in the edit history: 'Draft - Pakistan's PM Message on X'. Prem Panicker's must read blog on the Iran War.
S&P Global Ratings has increased India's GDP growth forecast for the next fiscal year to 7.1 per cent, citing private consumption, investment, and exports as key drivers. However, the agency also cautioned that the conflict in the Middle East could strain India's fiscal position due to higher energy prices.
The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.
Modi said that the West Asia crisis has been going on now for more than three weeks and is having a very adverse impact on the global economy and on people's lives. He said the entire world is urging all parties for the earliest resolution of this crisis.
A political controversy has erupted in Kerala ahead of the Assembly elections, with the Congress party accusing BJP leader Rajeev Chandrasekhar of concealing details of a high-value property in his election affidavit. Chandrasekhar has denied the allegations, challenging the Congress to prove their claims in court.
A social media influencer in Pilibhit, Uttar Pradesh, was arrested after allegedly making derogatory remarks against the Valmiki community in a video posted online, leading to protests and road blockades.
The net liquidity surplus in the banking system fell to Rs 16,875 crore on Thursday the latest data by the Reserve Bank of India (RBI) showed, lowest since 22 January.
India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.
Markets will look for clear guidance on how the MPC interprets the uncertainty and what it implies for the future course of monetary policy, points out Rajeswari Sengupta.
India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.
Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
The UK High Court has concluded the hearing for Nirav Modi's application to reopen his extradition appeal, focusing on claims of potential torture during interrogations in India. The court has reserved its judgement.
A Rajasthan police officer has filed a case against a senior officer for allegedly making casteist remarks during a meeting at the police headquarters in Jaipur.
Donald Trump has warned Iran to open the Strait of Hormuz within 48 hours or face military action, escalating tensions amid regional conflict and impacting global oil supplies.
Uttar Pradesh minister Sanjay Nishad threatened to resign if the Nishad community is not granted Scheduled Caste status. He made the announcement during a rally in Gorakhpur, where he also criticised previous governments for neglecting the community.
The Indian rupee weakened to a record intra-day low against the US dollar due to a strengthening greenback, continuous foreign capital outflows, and elevated global crude oil prices amidst the West Asia conflict.
The petroleum ministry on Friday reaffirmed the government's commitment to maintaining stable petrol and diesel prices, despite India's high dependence on imports.
The Supreme Court has requested a response from the Manipur State Legal Authority regarding the appointment of legal aid counsel for two women allegedly paraded naked during the 2023 ethnic clashes in Manipur. This follows a plea from the CBI against the Gauhati High Court's decision to grant bail to two accused in the case.
It may now be time to question the price India is paying for Israel's disregard of the serious undermining of India's energy security, asserts former foreign secretary Shyam Saran.
India's forex reserves dropped by $6.925 billion to $695.355 billion during the week ended October 24, the RBI said on Friday.
'My argument was straightforward: If the Constitution allows this reservation and SC/ST and OBC candidates are already getting reservation in private institutions -- backed by Constitution Bench orders -- then not extending the same to EWS candidates directly violates the 103rd Amendment and Article 14, which guarantees the right to equality.'
Italy's consistent failure to qualify for recent World Cups stems from a deep-seated issue in nurturing young football talent, according to 2006 World Cup winners Marco Amelia and Massimo Oddo.
Hiring demand strongest in ecommerce, tech startups, healthcare, and energy sectors, with Bengaluru, Hyderabad, and Pune leading.
The Supreme Court of India has ruled that individuals converting from Hinduism, Sikhism, or Buddhism cannot retain Scheduled Caste status, reinforcing existing constitutional provisions.
The Reserve Bank's gold reserves crossed 880 metric tonnes in the first half of 2025-26 with the central bank adding 0.2 metric tonnes in the last week of September. The total value of the gold was $95 billion as of September 26, 2025, according to the latest data from the Reserve Bank of India (RBI).
