News for 'oil companies'

Middle East conflict: Telangana man hurt in attack near Abu Dhabi airport

Middle East conflict: Telangana man hurt in attack near Abu Dhabi airport

Rediff.com4 Mar 2026

Rao, who works in the housekeeping section at the airport, informed his parents that he and several others escaped with minor injuries.

Trump's Huge Venezuela Gamble

Trump's Huge Venezuela Gamble

Rediff.com24 Jan 2026

I am inclined to believe that the Venezuela adventure is not an indication of American strength, alas, but rather of American weakness, points out Rajeev Srinivasan.

Why Venezuela Did Not Celebrate Maduro's Fall

Why Venezuela Did Not Celebrate Maduro's Fall

Rediff.com14 Jan 2026

Years of repression and disappearances have taught Venezuelans, the hard way, not to voice either their anger or their joy, observes Radha Roy Biswas who spent her formative years in Venezuela.

Middle East Crisis: The New Fog of War

Middle East Crisis: The New Fog of War

Rediff.com13 Mar 2026

When everyone has footage and no one can verify it, the loudest voice wins, notes Prem Panicker who begins a daily blog on the War in the Middle East.

US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio

US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio

Rediff.com11 Mar 2026

The BSE Sensex and the Nifty 50 declined around 4.5 per cent each since the start of the West Asia conflict.

Govt moves to shield trade as Iran war chokes sea routes

Govt moves to shield trade as Iran war chokes sea routes

Rediff.com5 Mar 2026

With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.

Tirupati Laddu Reignites Political Battle In Andhra Pradesh

Tirupati Laddu Reignites Political Battle In Andhra Pradesh

Rediff.com21 Feb 2026

With TDP and YSRCP trying to score political points, the sacred laddu may well create a storm in days to come.

Iran War Burns India's Exporters: Stranded at Sea, Billed For A War They Never Started

Iran War Burns India's Exporters: Stranded at Sea, Billed For A War They Never Started

Rediff.com20 Mar 2026

'Every day the meter is ticking. Like a time bomb.' Shipping giants are billing Indian exporters up to $3,000 per container in war surcharges -- on cargo that sailed before the war began -- as the Strait of Hormuz shuts down.

Middle East conflict: 2 Indians killed, 10 hurt by drone debris in Muscat

Middle East conflict: 2 Indians killed, 10 hurt by drone debris in Muscat

Rediff.com13 Mar 2026

Two expatriate workers were killed after debris from a downed drone fell in an industrial area in the Sohar province of Oman.

No prayer bell, only Jana Gana Mana at this Gujarat factory now

No prayer bell, only Jana Gana Mana at this Gujarat factory now

Rediff.com27 Jan 2026

The idea, Shah explains, was to keep the discipline of a shared start, without asking anyone to participate in a religious act that wasn't theirs. The anthem, he felt, offered a "common minimum" that didn't privilege one faith over another: stand together, start together, get to work.

Indian Scientists Pioneer DME Technology to Replace LPG Amid Supply Concerns

Indian Scientists Pioneer DME Technology to Replace LPG Amid Supply Concerns

Rediff.com13 Mar 2026

Researchers at CSIR-NCL have developed a technology for producing dimethyl ether (DME) as an alternative to liquefied petroleum gas (LPG), potentially reducing India's reliance on imports and enhancing energy security.

India's energy sector battles taxes, global turmoil

India's energy sector battles taxes, global turmoil

Rediff.com13 Oct 2025

India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.

Oil companies hike jet fuel prices

Oil companies hike jet fuel prices

Rediff.com1 Apr 2011

Hike comes on back of a massive 6.14 per cent increase in rates effective from March 16 in line with rising crude oil prices.

Videocon joins race for UK oil company

Videocon joins race for UK oil company

Rediff.com24 Nov 2007

Videocon Industries, the oil-to-consumer durables company, has joined the race for the acquisition of the London-based Burren Energy, which recently rejected several approaches including one worth $3.5 billion (Rs 14,000 crore) from the Italian major ENI.

Modi Inaugurates Micron Semiconductor Plant in Sanand

Modi Inaugurates Micron Semiconductor Plant in Sanand

Rediff.com28 Feb 2026

Prime Minister Narendra Modi inaugurated Micron Technology's semiconductor plant in Sanand, Gujarat, highlighting India's growing presence in the hardware sector and its strong partnership with the United States in AI and chip technologies.

How India-US Trade Deal Finally Shaped Up

How India-US Trade Deal Finally Shaped Up

Rediff.com12 Feb 2026

The turning point came with the appointment of Sergio Gor as the US ambassador to India.

RBI takes measured steps on liquidity amid tax outflows

RBI takes measured steps on liquidity amid tax outflows

Rediff.com9 Mar 2026

To meet liquidity pressure because of advance tax outflows this month, the Reserve Bank of India (RBI) has adopted a measured approach with its latest announcement of open-market operations (OMOs), worth Rs 1 trillion.

Key factors that will drive the markets this week

Key factors that will drive the markets this week

Rediff.com8 Feb 2026

Inflation data, trading activity of foreign investors and global trends would dictate sentiment in the stock market this week, according to analysts.

US sanctions Indian national for shipping Iranian oil

US sanctions Indian national for shipping Iranian oil

Rediff.com11 Apr 2025

The US has sanctioned an Indian national based in the United Arab Emirates and two India-based entities for operating as part of Iran's shadow fleet and involved in shipping Iranian oil. The US Department of the Treasury said Jugwinder Singh Brar, who owns multiple shipping companies, operates as part of Iran's shadow fleet, which the US said is used to evade sanctions and transport Iranian oil. Brar also owns or controls India-based shipping company Global Tankers Private Limited and petrochemical sales company B and P Solutions Private Limited. The sanctions come as part of a US campaign of maximum pressure on Iran and target the country's petroleum and petrochemical sectors.

Bulls prowl D-Street: Benchmarks see best day in over 8 months

Bulls prowl D-Street: Benchmarks see best day in over 8 months

Rediff.com4 Feb 2026

Domestic equities surged on Tuesday, posting their best single-day gains in more than eight months after a long-awaited trade deal between India and the US. The deal, which lowered tariffs on Indian goods to 18 per cent from 50 per cent, significantly improved investor sentiment and lifted a key overhang for the market.

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Gold, Silver Prices Poised for Rally Amid Geopolitical Uncertainty

Rediff.com1 Mar 2026

Analysts predict a surge in gold and silver prices as investors seek safe-haven assets due to escalating tensions in the Middle East. The impact on domestic prices will depend on the conflict's duration, with geopolitical factors and macroeconomic data also playing a role.

ONGC Q1 net profit drops 10% on lower oil prices

ONGC Q1 net profit drops 10% on lower oil prices

Rediff.com13 Aug 2025

State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. The company reported a net profit of Rs 8,024 crore in the first quarter of 2025-26 fiscal year, compared to Rs 8,938 crore earning in the same period last year, a company statement said.

'Let's Stop Treating AI Like COVID'

'Let's Stop Treating AI Like COVID'

Rediff.com2 Mar 2026

'It is too early to conclude that there will be a bloodbath, that there will be no jobs, and that there will be civil unrest.' 'Let's calm down.' 'AI is a tool, it is not a weapon, it is not a virus.'

India may delay oil company share sales, threatening fund-raising target

India may delay oil company share sales, threatening fund-raising target

Rediff.com2 Apr 2015

New Delhi has missed its target for partial privatisations for the past five years

US penalty risk on Russian oil may add $9-11 bn to India's import bill

US penalty risk on Russian oil may add $9-11 bn to India's import bill

Rediff.com3 Aug 2025

India's annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022.

Reliance sanction compliant; Russian oil benefit capped at 2.1pc of EBITDA

Reliance sanction compliant; Russian oil benefit capped at 2.1pc of EBITDA

Rediff.com5 Sep 2025

Reliance Industries Ltd has consistently remained compliant with international sanctions and is expected to adhere to upcoming measures on Russian oil, analysts said, estimating that oil sourced from Russia contributes just 2.1 per cent to its consolidated EBITDA. Reliance operates the world's largest single location refining complex, with more than half of the capacity exclusively dedicated for exports.

Sensex crashes over 1K points on selling in metal, IT stocks

Sensex crashes over 1K points on selling in metal, IT stocks

Rediff.com13 Feb 2026

Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday due to across-the-board selloff, especially in metal, IT and commodity stocks, tracking sluggish global markets.

Row erupts as Tamannaah Bhatia named Mysore Sandal Soap ambassador

Row erupts as Tamannaah Bhatia named Mysore Sandal Soap ambassador

Rediff.com11 Feb 2026

Actress Tamannaah Bhatia has been appointed as the brand ambassador for Karnataka Soaps and Detergents Limited (KSDL), the makers of Mysore Sandal Soap, sparking controversy over the choice of a non-Kannada speaking actor. The government defends the decision as a business strategy to boost sales outside Karnataka.

Market Guru: 'This Is About Capital Preservation'

Market Guru: 'This Is About Capital Preservation'

Rediff.com18 Feb 2026

'The problem is not just slower growth, but also the quality of growth.'

Grip and choke: Rahul Gandhi on why he used Jiu-Jitsu terms to attack Modi

Grip and choke: Rahul Gandhi on why he used Jiu-Jitsu terms to attack Modi

Rediff.com20 Feb 2026

'In my experience of politics, I have seen political grips and political chokes are mostly hidden. The average person cannot see them,' Rahul Gandhi said.

Oil companies face Rs 2 lakh cr loss

Oil companies face Rs 2 lakh cr loss

Rediff.com21 Apr 2011

This will be the highest ever revenue loss or the under-recovery by oil retailing companies in India.

10 Stocks That May Gain From Budget

10 Stocks That May Gain From Budget

Rediff.com4 Feb 2026

The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.

Trump Diktat Threatens Oil PSUs Dividends In Venezuela

Trump Diktat Threatens Oil PSUs Dividends In Venezuela

Rediff.com3 Apr 2025

ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.

500% US Tariff Threat Looms Over India

500% US Tariff Threat Looms Over India

Rediff.com9 Jan 2026

A 500 per cent tariff would effectively shut out India's goods and services exports to the US.

Indian exports to attract 10% tariff in US for 150 days from Feb 24

Indian exports to attract 10% tariff in US for 150 days from Feb 24

Rediff.com23 Feb 2026

Indian exports to the US will face a 10% tariff, down from 25%, for 150 days following a US Supreme Court ruling. However, uncertainty persists due to potential further tariff hikes and long-term implications.

India-US trade deal: How India protects its agriculture, dairy sectors

India-US trade deal: How India protects its agriculture, dairy sectors

Rediff.com4 Feb 2026

India has completely protected the interests of its agriculture and dairy sector in the India-US trade agreement.

ONGC takes over Andhra gas well blaze, finalises control plan

ONGC takes over Andhra gas well blaze, finalises control plan

Rediff.com6 Jan 2026

The ONGC expert teams are arriving from Mumbai and Delhi to douse the gas well blaze in Mori in Dr B R Ambedkar Konaseema district of Andhra Pradesh, an official said on Tuesday.

Indo-US deal 'wholesale surrender': Rahul vs govt in LS

Indo-US deal 'wholesale surrender': Rahul vs govt in LS

Rediff.com12 Feb 2026

Rahul Gandhi said that had an INDIA Bloc government negotiated the trade agreement with the US, it would have told US President Donald Trump that he should treat India as an equal.

India's imports of Russian oil under spotlight after Trump tariffs

India's imports of Russian oil under spotlight after Trump tariffs

Rediff.com31 Jul 2025

From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India's reliance on Russian oil has surged -- drawing fresh scrutiny with US President Donald Trump announcing a penalty on top of a 25 per cent tariff, or tax, on all goods going to the US.