Delhi Police have dismantled an illegal LPG cylinder hoarding and black marketing operation in Bawana, arresting one individual and seizing 75 cylinders.
India restricts subsidised LPG connections for households with piped natural gas (PNG) to ensure equitable distribution and address global energy supply concerns, pushing for faster PNG adoption.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
Prime Minister Narendra Modi convened a meeting with senior ministers to assess the impact of the evolving situation in West Asia on India's crude oil, gas, petroleum, power, and fertiliser sectors, focusing on ensuring uninterrupted supply and stable logistics.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
Crude oil prices have surged to record highs due to escalating tensions between the US and Iran, raising concerns about supply disruptions and market volatility.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
Tata Motors is set to acquire Italy's Iveco Group, a strategic move aimed at propelling the Indian automaker into the top four global commercial vehicle (CV) manufacturers, with projected annual revenues of $35 billion-$40 billion within five years.
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.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
Prime Minister Narendra Modi will review the impact of the West Asia conflict on India's food, energy, and fuel security with senior cabinet ministers. The meeting follows previous discussions and concerns raised about global energy crises and supply chain disruptions.
Reliance Industries shares rose over 1 per cent after the company reported record quarterly core profit and EBITDA for the June quarter, driven by strong performances in its oil-to-chemicals and telecom businesses.
Indian oil-marketing companies (OMCs) have incurred LPG underrecoveries of approximately Rs 22,000 crore between March and May 2026, as domestic cooking gas prices failed to keep pace with surging international rates exacerbated by the West Asia crisis, according to a Crisil report.
India will continue to purchase Russian oil based on commercial viability and energy security needs, irrespective of US sanctions waivers, according to a senior petroleum ministry official.
Indian benchmark indices Sensex and Nifty experienced volatility due to conflicting developments in West Asia, including reports of the Strait of Hormuz closure, which led to a rebound in crude oil prices and heightened investor concerns about supply disruptions and inflation.
India bought 1.87 million barrels of Russian oil per day in May so far, meeting approximately 40 per cent of its oil imports.
Former India internationals analyse Spain's dominant performance in the FIFA World Cup, highlighting their tactical discipline and defensive solidity. They also offer divided opinions on the highly anticipated semi-final clash between England and Argentina, discussing key players like Lionel Messi, Jude Bellingham, and Harry Kane, and the tactical approaches both teams might employ.
US President Donald Trump has claimed that Iran has accepted "just about everything" the United States has demanded in ongoing indirect nuclear negotiations, particularly regarding denuclearisation. He also asserted that American forces repeatedly carried out military strikes that crippled Tehran's military infrastructure, including radar installations, and escorted commercial oil tankers through the Strait of Hormuz. Trump dismissed reports of Iran's strength, stating its military and economy were severely weakened.
France coach Didier Deschamps conceded his side were 'outclassed' by Spain in their 2-0 World Cup semi-final defeat, highlighting technical, tactical, and physical shortcomings that ended their quest for a third title.
Mumbai and Pune are grappling with severe monsoon weather, triggering an 'orange' alert, widespread disruptions, school closures, and tragic fatalities from landslides and wall collapses.
The Indian government has waived customs duty on critical petrochemical products until June 30 to ensure supply stability and provide relief to consumers amid disruptions caused by the crisis in West Asia.
'We looked up and there was a man dressed as Mahatma Gandhi walking with the protesters under Minto Bridge. Everyone burst into laughter. Almost instinctively, we shouted, 'Bapu ki jai ho!' It's one of those moments I'll never forget.'
18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region
The Indian government is actively developing a policy for flex-fuel vehicle adoption and aiming for 100 per cent ethanol blending in petrol to enhance energy self-reliance, particularly in light of supply disruptions from the West Asia conflict.
BJP MLA Jaideep Bihani has alleged that he was assaulted by three officials during a public hearing regarding water supply disruptions in Jaipur. Police have arrested three individuals in connection with the alleged assault, and an investigation is underway.
Indian benchmark equity indices, Sensex and Nifty, saw early gains driven by strong buying in blue-chip bank stocks, fresh foreign fund inflows, and a decline in global crude oil prices, boosting investor confidence.
Brent crude prices surged sharply on Monday, rising by more than 25 per cent to $116.5 per barrel, amid the ongoing conflict in West Asia, which has made crude prices bullish.
A new study reveals that despite China's significant control over global rare earth mining and processing, its dominance has a critical weakness: the US and Japan hold the majority of core patents for advanced rare earth functional material technologies. This technological gap means China lags in higher-value applications, impacting its strategic advantage in the industry.
India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.
The United States has implemented a 10 per cent tariff on goods imported from India and 16 other countries, citing efforts to combat forced labour in production.
'Nobody explained why. After that there was panic buying, there was hoarding -- and then nothing reached us.'
Indian benchmark indices Sensex and Nifty closed lower, snapping a two-day rally, as a spike in crude oil prices, triggered by reports of fresh US military operations in southern Iran, dampened investor sentiment and reignited fears of renewed energy supply disruptions.
TVS Motor Company reported a significant 56.8 per cent year-on-year increase in net profit to 1,036 crore in Q1FY27, driven by record sales volumes, an improved product mix, and robust demand in both domestic and international markets, with management anticipating continued double-digit industry growth.
Indian oil marketing companies are incurring significant losses, selling petrol at a Rs 14 per litre loss and diesel at Rs 18 per litre, as elevated global crude oil prices, exacerbated by the West Asia crisis, outpace capped retail fuel rates, according to rating agency Icra.
Former India internationals analyse Spain's dominant performance and tactical discipline that led them to the FIFA World Cup final, highlighting their defensive solidity and adaptability.
India's state-run oil marketing companies (OMCs) are projected to incur under-recoveries of approximately Rs 80,000 crore on liquefied petroleum gas (LPG) sales in FY27 if current loss levels persist, according to rating agency Icra.
Indian Hotels Company Ltd (IHCL) is expected to benefit from higher room rates, rising occupancy, and strategic acquisitions, with analysts projecting double-digit revenue growth for FY27 driven by strong domestic demand and a favourable demand-supply dynamic.
India has welcomed the ceasefire between the US and Iran, advocating for de-escalation, dialogue, and diplomacy to secure lasting peace in West Asia.
Analysts are revising down India Inc's financial year 2026-27 (FY27) earnings growth forecasts, citing persistently high crude oil prices above $100 a barrel due to the West Asia conflict, which is expected to dent corporate financial performance in the coming quarters.
Around one full month of supply is firmly arranged with additional procurement being continuously finalised, and oil companies are successfully delivering over 5 million cylinders every day.
