News for 'OIL'

How AI Reveals Universal Patterns In Cooking Across Cultures

How AI Reveals Universal Patterns In Cooking Across Cultures

Rediff.com3 days ago

A study by researchers at Indraprastha Institute of Information Technology Delhi (IIITD) has used artificial intelligence to analyse over 118,000 recipes from 26 cuisines, revealing statistical 'laws' that govern cooking across cultures.

Stock Markets Today: Sensex, Nifty50 Rally as US-Iran Tensions Ease

Stock Markets Today: Sensex, Nifty50 Rally as US-Iran Tensions Ease

Rediff.com16 Apr 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty50 and BSE Sensex performance and key global triggers.

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Rediff.com7 days ago

Indian benchmark indices Sensex and Nifty experienced a decline due to renewed geopolitical concerns in the Strait of Hormuz, a strained US-Iran ceasefire, and the rupee hitting a record low against the US dollar.

How AI Reveals Universal Patterns In Cooking Across Cultures

How AI Reveals Universal Patterns In Cooking Across Cultures

Rediff.com3 days ago

A study by researchers at Indraprastha Institute of Information Technology Delhi (IIITD) has used artificial intelligence to analyse over 118,000 recipes from 26 cuisines, revealing statistical 'laws' that govern cooking across cultures.

Trump rejects Iran's offer, says blockade to remain until.....

Trump rejects Iran's offer, says blockade to remain until.....

Rediff.com30 Apr 2026

US President Donald Trump in an exclusive interview to Axios on Wednesday, said that he would continue to keep the naval blockade until Iran agrees to deal with the United States by addressing America's concerns about the nuclear programme.

Don't rush me to end Iran war; won't use nukes: Trump

Don't rush me to end Iran war; won't use nukes: Trump

Rediff.com24 Apr 2026

US President Donald Trump stated he would not set a deadline for ending the conflict with Iran, claiming Iran's military capabilities have been severely weakened. He also said he would not use nuclear weapons and maintained the US has complete control over blockade measures against Iran.

Iran in a 'state of collapse', Tehran wants us to open Hormuz: Trump

Iran in a 'state of collapse', Tehran wants us to open Hormuz: Trump

Rediff.com28 Apr 2026

US President Donald Trump on Tuesday claimed that Iran is in a "state of collapse" and has requested the United States to help "open" the Strait of Hormuz.

'Very Bad For Global Economy If War Continues'

'Very Bad For Global Economy If War Continues'

Rediff.com28 Apr 2026

'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'

Ready to restart war, awaiting US approval: Israel

Ready to restart war, awaiting US approval: Israel

Rediff.com24 Apr 2026

Israel's Defence Minister Israel Katz has stated that Israel is prepared to escalate military action against Iran, pending approval from the United States. This comes as US President Donald Trump says he would not use nuclear weapons in any conflict with Iran, while also claiming the US has 'total control' over the Strait of Hormuz.

India's services sector growth hits 5-month high in April

India's services sector growth hits 5-month high in April

Rediff.com7 days ago

India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.

West Asia Conflict Deepens India's Economic Challenges

West Asia Conflict Deepens India's Economic Challenges

Rediff.com30 Apr 2026

Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.

US missile-destroyer intercepts Iranian tanker amid Hormuz tensions

US missile-destroyer intercepts Iranian tanker amid Hormuz tensions

Rediff.com28 Apr 2026

The American warship stopped the tanker "after it attempted to sail to an Iranian port," according to a statement released by CENTCOM.

How RBI Fights Rupee Fall

How RBI Fights Rupee Fall

Rediff.com1 days ago

The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.

RBI net-bought $7.4 bn in Feb, highest since Mar '25

RBI net-bought $7.4 bn in Feb, highest since Mar '25

Rediff.com24 Apr 2026

The Reserve Bank of India (RBI) net-bought $7.4 billion from the spot foreign exchange market in February, its highest buy since March 2025, before heavily intervening by selling dollars in March as the rupee declined over 4 per cent following a spike in crude oil prices.

Core Sector Output Contracts 0.4% in March, First Decline in Five Months

Core Sector Output Contracts 0.4% in March, First Decline in Five Months

Rediff.com20 Apr 2026

India's core sector output contracted by 0.4 per cent in March, marking the first decline in five months, with coal, crude oil, fertiliser, and electricity production falling, according to official data.

War resumes in Middle East? US-Iran trade fire, Trump says ceasefire...

War resumes in Middle East? US-Iran trade fire, Trump says ceasefire...

Rediff.com5 days ago

US President Donald Trump maintains that the ceasefire with Iran is still in effect despite recent military engagements near the Strait of Hormuz. He also commented on a recent clash where US forces responded to Iranian attacks on US Navy destroyers.

India-bound LPG tanker safely passes through Strait Of Hormuz

India-bound LPG tanker safely passes through Strait Of Hormuz

Rediff.com3 May 2026

A tanker carrying liquefied petroleum gas (LPG) for India has successfully navigated the Strait of Hormuz and is en route to Visakhapatnam, India, carrying enough cargo to meet half a day's requirement for the country.

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Rediff.com22 Apr 2026

Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.

Two months of West Asia war: Analysts see smallcap's outperformance continuing

Two months of West Asia war: Analysts see smallcap's outperformance continuing

Rediff.com29 Apr 2026

Despite geopolitical tensions and FII outflows, Indian small and midcap stocks have not only recovered losses but are also outperforming largecap indices, driven by attractive valuations, domestic institutional support, and a rebound in earnings.

Petrol, diesel losses widen for OMCs; price hike likely post-elections

Petrol, diesel losses widen for OMCs; price hike likely post-elections

Rediff.com14 Apr 2026

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.

Modi didn't say India will stop buying Russian oil: Lavrov

Modi didn't say India will stop buying Russian oil: Lavrov

Rediff.com11 Feb 2026

Lavrov's comments came two days after Russia accused the US of attempting to prevent India and other countries from buying Russian oil, saying Washington was using a wide range of 'coercive' measures, including tariffs, sanctions and direct prohibitions.

Trinamool dares BJP after repoll order in Falta

Trinamool dares BJP after repoll order in Falta

Rediff.com3 May 2026

The TMC has challenged the BJP to win the Falta assembly seat in West Bengal, where a re-election has been ordered due to electoral offences. The TMC has dared the BJP to deploy its full resources, including top leaders and central forces, while expressing confidence in the electorate's support.

India Imports 361,000 Tonnes Of LPG From US

India Imports 361,000 Tonnes Of LPG From US

Rediff.com4 May 2026

'Historically, India has depended on the Middle Eastern Gulf for nearly 90 per cent of its LPG imports. Shifting to alternative suppliers is not something that can happen quickly.'

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

Rediff.com24 Apr 2026

Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.

Amid US blockade, China asks Iran to keep Hormuz Strait open

Amid US blockade, China asks Iran to keep Hormuz Strait open

Rediff.com16 Apr 2026

Chinese Foreign Minister Wang Yi has urged Iran to guarantee freedom and safe passage through the Strait of Hormuz, a critical waterway for global oil trade, amid ongoing tensions with the US.

Trump orders US Navy to shoot and kill mine-laying boats in Hormuz

Trump orders US Navy to shoot and kill mine-laying boats in Hormuz

Rediff.com23 Apr 2026

US President Donald Trump on Thursday said that he has directed the country's Navy to take decisive action against any vessels attempting to lay mines in the strategically vital Strait of Hormuz amid escalating tension over the virtual control of the waterway between Tehran and Washington.

Uncertainty Clouds US-Iran Talks As Ceasefire Nears End

Uncertainty Clouds US-Iran Talks As Ceasefire Nears End

Rediff.com21 Apr 2026

Uncertainty surrounds the US-Iran talks as a two-week ceasefire approaches its end. Pakistan is attempting to mediate, but tensions remain high after a recent naval incident.

India winds down Russian oil buys, ramps up US imports: USTR

India winds down Russian oil buys, ramps up US imports: USTR

Rediff.com11 Feb 2026

Greer said that India has taken down some digital services taxes and is moving tariffs down.

West Asia Conflict to Push India's Fiscal Deficit to 4.5% of GDP

West Asia Conflict to Push India's Fiscal Deficit to 4.5% of GDP

Rediff.com22 Apr 2026

India's fiscal deficit is projected to reach 4.5 per cent of GDP for the current fiscal year, exceeding the budgeted target, as the government's policy responses to the West Asia conflict are expected to strain public finances, according to research firm BMI.

Recipe: Sakshi's Grated Karela With Coconut

Recipe: Sakshi's Grated Karela With Coconut

Rediff.com13 Apr 2026

Try making bitter gourd a different way -- grated, with onions and coconut adding extra body to the preparation.

2 ships hit by gunfire in Strait of Hormuz, crews safe

2 ships hit by gunfire in Strait of Hormuz, crews safe

Rediff.com22 Apr 2026

Tensions escalate as Iranian forces attack a container ship in the Strait of Hormuz after Trump announced the ceasefire extension.

No word from India on stopping oil imports: Russia

No word from India on stopping oil imports: Russia

Rediff.com3 Feb 2026

The Kremlin states it has not received confirmation from India regarding a halt to Russian oil purchases, following claims made by former US President Donald Trump. Russia affirms its commitment to strengthening relations with India.

'Mark Mobius Saw India's Rise Before Other Investors'

'Mark Mobius Saw India's Rise Before Other Investors'

Rediff.com17 Apr 2026

'Mark Mobius's life was dedicated to investing.'

US-Iran talks collapse, markets plunge on West Asia conflict fears

US-Iran talks collapse, markets plunge on West Asia conflict fears

Rediff.com13 Apr 2026

Indian benchmark stock indices, Sensex and Nifty, closed nearly 1 per cent lower following the collapse of US-Iran negotiations, which heightened concerns of a prolonged conflict in West Asia and drove crude oil prices sharply higher.

Coast Guard busts international oil smuggling racket; seizes 3 vessels

Coast Guard busts international oil smuggling racket; seizes 3 vessels

Rediff.com7 Feb 2026

The Indian Coast Guard intercepted three vessels involved in an international oil smuggling syndicate operating in international waters near Mumbai, uncovering a sophisticated operation that evaded customs duties.

India Yet To Plug EV Gap In Race With Asian Peers

India Yet To Plug EV Gap In Race With Asian Peers

Rediff.com24 Apr 2026

India's EV ecosystem is growing, but remains too underdeveloped to cushion a major oil supply shock.

Dehydrated At Work? Blame Your Office AC!

Dehydrated At Work? Blame Your Office AC!

Rediff.com7 days ago

While being in an air-conditioned room can make you feel pleasant and comfortable, it also has its disadvantages, says Dr Manjusha Agarwal, consultant-internal medicine at Gleneagles Hospital, Mumbai.

Why Staying Invested During Wars Builds Wealth

Why Staying Invested During Wars Builds Wealth

Rediff.com6 days ago

Disciplined investors who ignore short-term fear build significant long-term wealth, notes Ramalingam Kalirajan

India to restrict Russian oil buy, import only where...

India to restrict Russian oil buy, import only where...

Rediff.com3 Feb 2026

India will restrict crude oil purchases from Russia as part of an agreement reached with the US in exchange for lower trade tariffs, sources said, adding imports will continue for now by refiners such as Nayara Energy, which have no other alternative source. US President Donald Trump announced overnight that the United States will cut the reciprocal tariff on imports of Indian goods to 18 per cent from 25 per cent under a broader bilateral understanding.

Indian tanker clears Hormuz; New Delhi raises concerns with Iran post attacks

Indian tanker clears Hormuz; New Delhi raises concerns with Iran post attacks

Rediff.com19 Apr 2026

India has raised concerns with Iran over the safety of merchant shipping after two vessels were fired upon in the Strait of Hormuz, prompting them to turn back.