Govt Uses ESMA to Boost LPG Output for Households
The Indian government has invoked the Essential Services Maintenance Act to mandate refiners to ramp up LPG production, ensuring supply for domestic cooking needs, with penalties for non-compliance.
Category : Corporate News
Odisha LPG Crisis: Month Wait for Cylinders Amid War
Households in Odisha face up to a month's delay for LPG cylinder delivery due to West Asia conflict disrupting shipments, causing consumer distress and vendor struggles.
ED Raids Entities Linked to Reliance Power in Money Laundering Case
The Enforcement Directorate raided multiple locations connected to Reliance Power Ltd as part of a money laundering investigation, targeting alleged financial irregularities.
Kolkata LPG Panic Buying Surges, OMCs Impose Lock-In Period
Fears from the West Asia conflict have triggered panic LPG bookings in Kolkata, prompting oil marketing companies to impose a 21-day lock-in period to prevent hoarding and stabilize supply chains.
Patna LPG Shortage: 15-25 Day Wait Due to West Asia Conflict
Consumers in Patna face delays of 15-25 days for booking a second LPG cylinder after delivery, as distributors cite supply chain disruptions from the West Asia conflict, including the Israel-Iran war.
KCCI Welcomes Karnataka Budget, North Karnataka Development
The Karnataka Chamber of Commerce and Industry (KCCI) has praised the state budget presented by CM Siddaramaiah, noting significant allocations for North Karnataka development, including railway projects, healthcare, and industrial growth.
Visakhapatnam Oil Caverns Key Amid Middle East Conflict
India's strategic petroleum reserve in Visakhapatnam, with 1.33 MMT capacity, provides critical energy security as Middle East tensions disrupt oil supplies through the Strait of Hormuz.
TCS CEO Bullish on AI Data Centers, Reveals Hyperscaler Talks
Tata Consultancy Services CEO K Krithivasan reveals advanced discussions with hyperscalers for AI data center deals, highlighting India's massive infrastructure gap and TCS's $1 billion investment plans.
Axel Springer Buys Telegraph Media Group for £575M
German media giant Axel Springer has announced its acquisition of the UK's Telegraph Media Group for £575 million, pending regulatory approval. The deal marks a major expansion for the publisher of POLITICO.
SoftBank Seeks $40B Loan for $60B OpenAI Investment
SoftBank Group is reportedly negotiating a $40 billion loan, its largest dollar-denominated loan ever, to finance its massive $60 billion investment in OpenAI, as founder Masayoshi Son intensifies his AI focus.
Puri: No Energy Shortage in India, No Need to Worry
Union Minister Hardeep Singh Puri reassures citizens about India's energy security, stating there is no shortage despite West Asia tensions. Officials confirm comfortable supplies and diversified imports.
Flipkart Cuts 300 Jobs in Performance Review
Flipkart, the e-commerce giant, has laid off nearly 300 employees as part of its annual performance review process, impacting roles across departments.
Women in India's Job Postings Grow 19% Yearly
A new report reveals a 19% year-on-year increase in women's representation in India's job postings, with sectors like IT and healthcare leading the surge in gender diversity hiring.
Flipkart Lays Off 400-500 Employees Over Performance
Flipkart has reportedly asked 400-500 employees to leave, representing 3-4% of its workforce, due to low scores in annual reviews. This is higher than the usual 1-2% attrition rate for bottom performers.
PlayBoxTV Names Tariq Malik as Chief Business Officer
PlayBoxTV has appointed Tariq Malik, a seasoned industry veteran, as its new Chief Business Officer. Malik will lead the company's next growth phase, leveraging his extensive experience in media and technology to drive strategic expansion and innovation.
Nagabushana Reddy Named Entrepreneur of the Year at 2026 South India Awards
Mr. Nagabushana Reddy has been recognized as the Entrepreneur of the Year at the prestigious 2026 South India Business Excellence Awards, celebrating his outstanding contributions to business innovation and leadership in the region.
India Not Dependent on Strait of Hormuz Supplies, Say Officials
Indian government sources confirm the nation's energy security is robust, with minimal reliance on oil and gas shipments currently delayed in the Strait of Hormuz due to regional tensions.
Jewar Airport Gets Security Nod, Launch in 45 Days
Noida International Airport has received crucial security clearance from BCAS, paving the way for domestic flights to begin within 45 days after DGCA issues the aerodrome licence.
India Buys Russian Oil at Sea After US 30-Day Waiver
Indian refiners have increased purchases of Russian oil cargoes stranded at sea following a temporary 30-day waiver from the US Treasury Department, easing supply constraints amid global tensions.
Crude Oil Futures Slip to Rs 7,189 per Barrel
Crude oil futures in India have dropped to Rs 7,189 per barrel, reflecting global market volatility and economic uncertainties. This decline impacts energy costs and inflation trends.
IIFL Finance Scores 46 in S&P Sustainability Assessment, Up 15 Points
IIFL Finance has secured a score of 46 in its inaugural S&P Global Sustainability Assessment, reflecting a significant 15-point improvement. This milestone highlights the company's enhanced commitment to environmental, social, and governance (ESG) practic
ED Searches Reliance Power Offices in Money Laundering Probe
The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad linked to Reliance Power and its executives as part of a money laundering investigation involving Anil Ambani's group companies.
Sajid Qureshi Leads Zee-Hombale JV, Gets Kantara Sequel Rights
Sajid Qureshi has brokered a landmark joint venture between Zee Entertainment and Hombale Films, securing satellite rights for 'Kantara: A Legend - Chapter 1' in a major media deal.
ED Raids Reliance Power Offices in Money Laundering Probe
The Enforcement Directorate conducted raids at Mumbai and Hyderabad locations linked to Anil Ambani's Reliance Power as part of a money laundering investigation. A special team has been formed to probe alleged loan fraud across multiple group companies.
Salesforce Addresses Tensions Over CEO's ICE Jokes
Salesforce leadership held an all-hands meeting to address employee backlash after CEO Marc Benioff's jokes about Immigration and Customs Enforcement (ICE) sparked controversy and leaks.
Oracle Plans Massive Layoffs Amid AI Cash Crunch
Oracle is set to cut thousands of jobs as it faces financial strain from a $300 billion AI data center push, with layoffs potentially costing $1.6 billion this fiscal year.
Ravi Ghai: Ice Cream Baron Behind Saaniya Chandhok's Family
Explore the story of Ravi Ghai, the Mumbai businessman who brought Baskin-Robbins to India and is the grandfather of Saaniya Chandhok, wife of Arjun Tendulkar.
Lonza Group AG to Set Up GCC in Hyderabad
Swiss life sciences giant Lonza Group AG is establishing a Global Capability Center (GCC) in Hyderabad, India, to enhance its global operations and tap into the region's skilled talent pool.
GAIL India LNG Supply Hit from Qatar Amid Iran-Israel War
GAIL India faces potential LNG supply disruptions from QatarEnergy due to Iran-Israel conflict, prompting India to seek alternative sources from Australia and Canada.
Maharashtra Transport Strike Deferred After Govt Assurance
The Maharashtra Transport Action Committee has postponed its indefinite strike by one week following government assurances. The strike was called to protest alleged misuse of the e-challan system and arbitrary penalties imposed on private operators.
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