India's net oil import bill could rise by $56 billion to $64 billion annually assuming global crude averages $110 to $115 per barrel in FY27.
The government has mandated that cooking gas LPG supply to households will be discontinued if consumers fail to switch to piped natural gas where such connectivity is available, under a new order aimed at accelerating gas network expansion and reducing reliance on a single fuel.
An FIR has been filed against a gas agency in Lucknow for allegedly illegally storing domestic LPG cylinders and attempting to sell them on the black market.
A disruption in the supply of LPG cylinders caused by tensions in the Strait of Hormuz is impacting Indian kitchens, leading to restaurant closures, price hikes and a surge in demand for electric cooktops.
'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'
India imports nearly 60 percent of its LPG, with most cargo previously coming through the Strait of Hormuz, now closed for commercial shipping.
The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.
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.
The Central government has assured the Bombay High Court that it is taking steps to address the LPG shortage caused by the conflict in West Asia. The court accepted the submission and disposed of a petition filed by LPG distributors.
Egypt, Pakistan, Saudi Arabia and Turkey met in Islamabad in what analysts say is the formal opening of a new diplomatic formation that could reshape the post-war regional order. Their immediate goal is a ceasefire; their larger ambition is to ensure that neither Iran nor Israel emerges from this war in a dominant position. Pakistan's foreign minister then flew directly to Beijing and mooted a Chinese role as guarantor of any eventual agreement. Prem Panicker continues his must read daily blog on the Gulf War.
Indian eateries are adapting to the LPG crisis by cutting menus, increasing prices, and switching to alternative fuels like coal, as LPG supplies are disrupted due to global events. State authorities are cracking down on hoarding and black marketing of LPG cylinders.
'Why are the political leaders saying everything is normal?'
Israel has for more than two decades and several US presidencies worked to draw the United States into a full-scale war with Iran. Having finally achieved that, the last thing it wants is Trump declaring victory and going home, as he is prone to do. Ali Larijani was the figure most capable of handing Trump a negotiated exit with something to show for it. Without Larijani, the road to an exit gets considerably narrower. Prem Panicker continues his must read daily blog on the Gulf War.
'Was the five-day pause ever meant to hold, or was it simply another instrument of signaling, of positioning, of buying time in a war where even the pauses are tactical?' asks Prem Panicker in his must read daily blog on the Gulf War.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
The Securities and Exchange Board of India (Sebi) has, in principle, agreed to the proposed settlement of the long-pending colocation and dark fibre cases filed by the National Stock Exchange (NSE), Sebi chairman Tuhin Kanta Pandey said on Wednesday.
Most CNG pumps, including those operated by Mahanagar Gas Limited (MGL), saw long queues from early morning, particularly of black-yellow taxis and autorickshaws, with several drivers reporting wait times of three to four hours, compared to the usual 15 to 30 minutes.
Somewhere between the darshan queue and the fugadi dancing, between ancient stone pillars and the riverfront, my nine-year-daughter found her own understanding of pilgrimage, says Hemantkumar Shivsharan.
Realme's new top-end phone arrives with high speed and photo tech crafted with Ricoh. Here's a quick look at its standout highlights, cost details and all the key info on the GT 8 Pro.
Oppo has officially introduced its Find X9 range to the Indian market, bringing with it the advanced Dimensity 9500 platform and an exceptionally large battery setup that crosses the 7,000mAh threshold.
A major gas pipeline damage has disrupted CNG supply in Mumbai, leading to long queues at refuelling stations and affecting autorickshaws, taxis, and other CNG-run vehicles. The disruption is expected to impact transport availability throughout the day.
Petrol pumps in Mumbai, Nagpur and other parts of the state witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers.
Sebi on Wednesday said angel funds can raise capital only from accredited investors, as part of the revised framework notified by the regulator to streamline fundraising, investment and compliance norms under the alternative investment funds rules. In a circular, the regulator said angel funds, which are granted registration by Sebi, will be permitted to onboard only accredited investors, while existing funds have been given time until September 8, 2026, to align with the new regime.
Oravel Stays Ltd, which operates travel tech firm and brand OYO, on Wednesday said it will refile its draft public listing application by the middle of next month. Earlier this month capital markets regulator Sebi had asked the company to refile the draft initial public offering (IPO) papers with certain updates. "We are working on updating all key sections simultaneously.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
Wimbledon is braced for its hottest ever start with London set to endure a searing heatwave that is forecast to peak as play begins at the All England Club on Monday.
The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO). OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs 8,430 crore IPO.
Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.
Filling of Rs 100 and Rs 200 notes result in faster depletion and more frequent cash replenishment. This will cost banks and managed service providers more.
Madhya Pradesh Chief Minister Mohan Yadav has announced that his government will introduce a provision for the death penalty for religious conversion of girls, mirroring the punishment for rape of minors. This announcement was made at a Women's Day event in Bhopal, where the CM also digitally transferred financial assistance to beneficiaries of various schemes. Yadav stated that the government is committed to protecting and respecting women and will take strict action against those involved in illegal conversions.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.
Forget smarts or cheek, there's little novelty to be found in Jewel Thief's juvenile script, barring its now free usage of the F-word to make it sound all hip and adult, observes Sukanya Verma.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Lawyers for retired cycling champ Lance Armstrong on Tuesday refiled a lawsuit in a bid to stop the US Anti-Doping Agency (USADA) from proceeding with a case charging him with using drugs during the years he won the Tour de France.
The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy.
'It is our duty to keep space sustainable and free of debris.'
Authorities at several private hospitals in the national capital on Monday scampered to refill their oxygen stocks as the lives of many COVID patients hung by a thin thread amid an acute shortage of the life-saving gas.
The Ordnance Factory Khamaria is one of the major ammunition production unit under the Department of Defence Production.
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