News for 'OIL'

Iran allows 10 Pak-flagged ships through Hormuz Strait as a gift to US: Trump

Iran allows 10 Pak-flagged ships through Hormuz Strait as a gift to US: Trump

Rediff.com27 Mar 2026

Speaking to reporters during a cabinet meeting at the White House on Thursday, Trump said the US had engaged in 'very substantial talks' with Iranian officials and described the tanker movement as proof of seriousness in the discussions.

UP Petrol Pump Manager Booked For Denying Fuel To Ambulance

UP Petrol Pump Manager Booked For Denying Fuel To Ambulance

Rediff.com25 Apr 2026

Police in Ballia, Uttar Pradesh, have registered a case against a petrol pump manager for allegedly denying fuel to a private ambulance, resulting in the death of a 50-year-old patient.

Trump backs bill to 'punish' countries buying Russian oil

Trump backs bill to 'punish' countries buying Russian oil

Rediff.com8 Jan 2026

United States President Donald Trump has backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil, giving the White House leverage against countries like China and India to stop them from purchasing cheap oil from Moscow.

Geopolitical Tensions, Rising Crude Drive FPIs to Exit Indian Equities

Geopolitical Tensions, Rising Crude Drive FPIs to Exit Indian Equities

Rediff.com5 Apr 2026

Foreign Portfolio Investors (FPIs) have withdrawn Rs 19,837 crore from Indian equities in the first two trading sessions of April, extending a significant selling trend from March, driven by geopolitical uncertainty, rising crude oil prices, and a depreciating rupee.

Geopolitical Risks and Global Factors to Steer Indian Stock Markets This Week

Geopolitical Risks and Global Factors to Steer Indian Stock Markets This Week

Rediff.com30 Mar 2026

Analysts predict that the ongoing conflict in West Asia, crude oil prices, and global trends will significantly influence the Indian stock market in the upcoming holiday-shortened week. Foreign investor activity and rupee movement will also be crucial.

Iran offers 'new proposal' to US to end war, reopen Hormuz

Iran offers 'new proposal' to US to end war, reopen Hormuz

Rediff.com27 Apr 2026

In a significant diplomatic manoeuvre aimed at de-escalating regional tensions, Iran has reportedly submitted a "new proposal" to the United States through Pakistani intermediaries.

'My favourite thing...': Trump hints at seizing Iran's Kharg Island

'My favourite thing...': Trump hints at seizing Iran's Kharg Island

Rediff.com30 Mar 2026

US President Donald Trump hinted at the possibility of the US seizing Iran's key oil export hub on Kharg Island, suggesting it could be done with minimal resistance. He also expressed his desire to take Iran's oil resources, while indicating potential negotiations and a possible deal with Iran.

Odisha Recipe: Pratibha's Ghanta Tarkari

Odisha Recipe: Pratibha's Ghanta Tarkari

Rediff.com8 Apr 2026

Ghanta Tarkari is a classic Odia dish prepared using a mix of seasonal vegetables, often cooked in large batches and shared with family and neighbours.

India's Reliance On Strait Of Hormuz Exceeds Global Average

India's Reliance On Strait Of Hormuz Exceeds Global Average

Rediff.com10 Apr 2026

'The West Asia or the Gulf crisis has shown that what we develop as national infrastructure when things are not as bad as they could be, we forget to plan for adversities.'

Will Riyan Parag Rise To The Challenge Against Punjab Kings?

Will Riyan Parag Rise To The Challenge Against Punjab Kings?

Rediff.com27 Apr 2026

Riyan Parag needs to lead from the front as Rajasthan Royals face a strong Punjab Kings side in their Indian Premier League match. Punjab Kings have been consistent, while the Royals have lost momentum after a strong start.

Investors slow to lap up FMCG majors' stocks wanes

Investors slow to lap up FMCG majors' stocks wanes

Rediff.com28 Apr 2026

Companies in the fast-moving consumer goods (FMCG) sector are losing favour with equity investors, with their price-to-earnings (P/E) ratio declining to its lowest level in six years, now trading at 38.8 times trailing earnings.

Stock Market Today March 30, 2026: Sensex tanks 1,636 points, Nifty50 Fall To 22,331

Stock Market Today March 30, 2026: Sensex tanks 1,636 points, Nifty50 Fall To 22,331

Rediff.com30 Mar 2026

Indian equities on Dalal Street saw volatility as global market trends and fresh tariff concerns linked to Donald Trump impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for March 30, 2026.

A War With No Exit Strategy, No Victory To Declare

A War With No Exit Strategy, No Victory To Declare

Rediff.com20 Apr 2026

Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.

India, US chief negotiators to begin three-day trade pact talks in Washington from Apr 20

India, US chief negotiators to begin three-day trade pact talks in Washington from Apr 20

Rediff.com19 Apr 2026

Chief negotiators from India and the US are set to begin three-day talks in Washington to recalibrate the bilateral trade agreement (BTA) framework, following significant changes in the US tariff landscape, including a new 10 per cent tariff imposed on all countries.

Is India Still Buying Russian Oil?

Is India Still Buying Russian Oil?

Rediff.com17 Dec 2025

Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.

FMCG firms expect high single-digit growth in Q4FY26

FMCG firms expect high single-digit growth in Q4FY26

Rediff.com4 Apr 2026

Fast-moving consumer goods (FMCG) companies like Dabur India and Marico anticipate high single-digit growth in Q4FY26, driven by strong domestic demand in India, which is helping to offset the negative impact of geopolitical conflicts in West Asia on their international businesses.

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rediff.com30 Mar 2026

The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.

Don't Expect Too Much From Islamabad Summit

Don't Expect Too Much From Islamabad Summit

Rediff.com10 Apr 2026

The core issues to be settled -- access to Hormuz, Israel's aggression in Lebanon, the question of Iran's nuclear programme, sanctions relief and compensation -- are thorny enough to require weeks of patient negotiation. The most likely outcome of the opening sessions is that both sides take the measure of each other, establish what is and is not negotiable, and return home without having broken anything. That would count as progress.

Second-round effects of supply shocks a real concern, says RBI governor

Second-round effects of supply shocks a real concern, says RBI governor

Rediff.com21 Apr 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.

Centre Slashes Excise Duty on Petrol to 3, Diesel to Zero: Big Relief for Consumers

Centre Slashes Excise Duty on Petrol to 3, Diesel to Zero: Big Relief for Consumers

Rediff.com27 Mar 2026

The government has sharply reduced excise duty on petrol to 3 and diesel to zero, offering major relief to consumers. Here's how the price cut will impact fuel rates and inflation.

Banking system liquidity improves to 4-yr high on back of Gsec maturities

Banking system liquidity improves to 4-yr high on back of Gsec maturities

Rediff.com17 Apr 2026

The Indian banking system's net liquidity surplus has reached a four-year high of Rs 4.57 trillion, driven by maturing government securities, with further maturities expected to push the surplus to around 5 trillion.

Strong outlook may sustain valuations for Godrej Consumer

Strong outlook may sustain valuations for Godrej Consumer

Rediff.com15 Apr 2026

Godrej Consumer Products Ltd (GCPL) delivered a robust Q4FY26 performance, with steady demand in India and signs of stabilisation in international markets, despite persistent inflationary pressures. The company expects to maintain profitability in FY27 through strategic cost management and pricing adjustments.

Rahul Gandhi Accuses Modi, Mamata Of Failing The Poor

Rahul Gandhi Accuses Modi, Mamata Of Failing The Poor

Rediff.com25 Apr 2026

Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi and West Bengal Chief Minister Mamata Banerjee, accusing them of prioritising the wealthy over the poor and failing to create job opportunities.

Stock markets today: Sensex, Nifty50 fall in early trade dragged by IT firms

Stock markets today: Sensex, Nifty50 fall in early trade dragged by IT firms

Rediff.com22 Apr 2026

Indian benchmark equity indices, Sensex and Nifty, experienced a decline in early trade, ending a three-day rally, primarily due to heavy selling in IT stocks and concerns over prolonged instability in West Asia.

Iran conflict could shave off 1% point from India's FY27 GDP growth projections: EY

Iran conflict could shave off 1% point from India's FY27 GDP growth projections: EY

Rediff.com31 Mar 2026

A new report suggests that prolonged conflict in the Middle East could significantly impact India's GDP growth and inflation.

Trump says his mother had a crush on King Charles amid palpable tension

Trump says his mother had a crush on King Charles amid palpable tension

Rediff.com29 Apr 2026

Despite outward displays of cordiality, a formal visit by King Charles III to the US revealed underlying tensions between the leaders, highlighted by subtle rebukes and contrasting views on key issues.

Iran Ceasefire Hours From Collapse

Iran Ceasefire Hours From Collapse

Rediff.com21 Apr 2026

Trump has made it clear: the US will not lift its blockade of Iranian ports until a deal is signed.

India is a tough nut to crack: Trump's trade representative

India is a tough nut to crack: Trump's trade representative

Rediff.com23 Apr 2026

A US trade representative described India as a 'tough nut to crack' during trade agreement negotiations in Washington, highlighting India's protection of its agricultural markets and the ongoing discussions on specific commodities.

Govt cuts excise duty on petrol to Rs 3 per litre, exempts diesel

Govt cuts excise duty on petrol to Rs 3 per litre, exempts diesel

Rediff.com27 Mar 2026

The Indian government has reduced excise duty on petrol and diesel to mitigate the impact of rising global crude prices, triggered by geopolitical tensions in the Middle East. This move aims to provide relief to consumers and oil companies amidst volatile international oil markets.

'Let's Think Of Around 15% Returns Over 12 Months'

'Let's Think Of Around 15% Returns Over 12 Months'

Rediff.com14 Apr 2026

'The March correction was clearly due to the war and with prospects of that coming to a conclusion, there is a natural rally.'

Trump's Blinks Bought Time, But What It Doesn't Buy...

Trump's Blinks Bought Time, But What It Doesn't Buy...

Rediff.com22 Apr 2026

...is a way out, notes Prem Panicker in his must read blog on the Iran War. What the indefinite extension produces is a prolonged condition of not-war-not-peace, in which oil markets cannot stabilise, Asian refineries cannot plan, European governments cannot stop subsidising consumption they cannot afford, and the next flashpoint -- a seized tanker, a miscalculated drone strike, a Truth Social post that claims too much -- is one news cycle away.

Rupee Falls as Investors Await RBI Decision and Monitor US-Iran Standoff

Rupee Falls as Investors Await RBI Decision and Monitor US-Iran Standoff

Rediff.com7 Apr 2026

The Indian rupee weakened against the US dollar due to geopolitical tensions surrounding the Strait of Hormuz and ahead of the Reserve Bank of India's monetary policy review.

US seizes Iranian ship trying to breach naval blockade near Strait of Hormuz

US seizes Iranian ship trying to breach naval blockade near Strait of Hormuz

Rediff.com20 Apr 2026

The US Navy seized an Iranian-flagged cargo ship in the Gulf of Oman, escalating tensions as ceasefire talks face uncertainty. The incident raises concerns about the fragile ceasefire and the ongoing blockade of the Strait of Hormuz.

Bikaner's Bhujia, Papad Exports Hit by West Asia Conflict

Bikaner's Bhujia, Papad Exports Hit by West Asia Conflict

Rediff.com4 Apr 2026

The ongoing conflict in West Asia is severely disrupting Bikaner's food exports, causing delays, rising costs, and impacting the supply of popular snacks like bhujia and papad to Gulf and European markets.

Sensex tumbles 931 points, Nifty plunges to 23,775 amid fading confidence on ceasefire

Sensex tumbles 931 points, Nifty plunges to 23,775 amid fading confidence on ceasefire

Rediff.com9 Apr 2026

Indian equity benchmarks, Sensex and Nifty, ended lower after a spectacular rally, with the Sensex tumbling 931 points, as renewed tensions in West Asia, particularly the risk to the ceasefire deal after Iran closed the Strait of Hormuz, dampened investor optimism.

Why RBI Should Stop Defending Rupee

Why RBI Should Stop Defending Rupee

Rediff.com27 Apr 2026

The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.

US Needs Iran Back At The Table FAST!

US Needs Iran Back At The Table FAST!

Rediff.com17 Apr 2026

The question is whether the clocks allow enough time for two deeply mistrustful sides to get there, and whether the surface calm holds long enough for the paddling to produce something before the ceasefire ends on April 22, notes Prem Panicker in his must read blog on the Iran War.

West Asia Conflict Can Create Havoc With Budget Numbers

West Asia Conflict Can Create Havoc With Budget Numbers

Rediff.com23 Apr 2026

The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.

Rupee falls 32 paise to 92.83 against US dollar, global tensions weigh

Rupee falls 32 paise to 92.83 against US dollar, global tensions weigh

Rediff.com10 Apr 2026

The Indian rupee depreciated by 32 paise to close at 92.83 against the US dollar, influenced by escalating global tensions, particularly the US-Iran conflict, and the deadline for the RBI's instructions to banks to curb overnight positions.

OMCs unlikely to hike fuel prices, ONGC stock poised for 65% upside: CLSA

OMCs unlikely to hike fuel prices, ONGC stock poised for 65% upside: CLSA

Rediff.com27 Mar 2026

State-run oil-marketing companies (OMCs) are unlikely to significantly raise petrol and diesel prices despite crude oil nearing $100 a barrel, leading to potential margin pressure, while CLSA analysts project a 65 per cent upside for ONGC's stock.