Union Minister Hardeep Singh Puri dismisses false lockdown rumors in India, calling them irresponsible. He details government measures to stabilize fuel prices and ensure supply amid global energy crisis.
The Indian government has reduced excise duty on petrol to Rs 3 per litre and eliminated it on diesel to aid oil marketing companies facing high crude prices due to Middle East conflict.
Pune petrol pumps face shortages due to panic buying and a shift to advance payments by oil companies, despite no actual fuel supply shortage. Dealers report sales surging 70%.
Private fuel retailer Nayara Energy increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, citing global oil price surges from the Middle East conflict. The company operates nearly 7,000 stations across India.
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The Indian government has dismissed speculation about petrol and diesel shortages, confirming no restrictions on sales. It highlights robust fuel availability and strategic measures to ensure energy security.
Domestic air travel in India is expected to become significantly more expensive this summer due to a 12% reduction in weekly flights and rising aviation fuel costs, mirroring trends seen in international travel.
ArcelorMittal Nippon Steel India appoints current CFO Amit Harlalka as CEO from July 1, while outgoing CEO Dilip Oommen will continue as board member after leading the company since its formation.
Indian industries, facing severe supply chain disruptions due to the Middle East conflict, have proposed multiple measures to the government, including freight support, loan relief, and alternative sourcing strategies.
A massive fire at Cee Jee Lubricants in Kochi's Edayar Industrial Area killed one worker and injured three. Preliminary probe reveals machinery leakage and inadequate safety equipment, raising concerns about industrial safety in the region.
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Karnataka has signed agreements worth Rs 51,469 crore with multinational companies across aerospace, automotive, biotechnology, and manufacturing sectors at the Invest Karnataka Conclave 2026, boosting the state's economic growth.
The Central Bureau of Investigation conducted searches at Reliance Telecom's Mumbai office and residences of former directors in a Rs 114.98 crore fraud case involving State Bank of India, part of broader probes into Reliance Group irregularities.
Elon Musk has formally requested a judge to review a jury verdict that found him guilty of defrauding Twitter investors during the acquisition, alleging the jury engaged in mocking behavior.
AMI Paradigm Solutions acquires L&T Technology's Smart World business for Rs 452 crore in a slump sale. The deal aims to expand sovereign AI offerings for governments and critical infrastructure globally.
The Goa Petrol Dealers Association issues advisory against panic buying, clarifying fuel supplies remain stable despite rumors linked to Middle East tensions.
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Panic buying at petrol pumps across Mumbai Metropolitan Region, including Thane and Navi Mumbai, has erupted despite oil companies confirming no fuel supply shortage. The issue stems from a shift to an advance payment system, leaving some stations unable
Reliance Industries clarifies it has not purchased crude oil of Iranian origin. Industry sources reveal past deals used Euros via Turkish banks, but that route is now closed.
Nokia has appointed a new Country Business Leader and Manager for India, aiming to strengthen its market presence and drive growth in the region.
Microsoft has announced a significant restructuring of its HR team and key leadership changes as part of its intensified focus on artificial intelligence and strategic realignment.
India's largest private fuel retailer Nayara Energy increases petrol by Rs 5/litre and diesel by Rs 3/litre due to Middle East tensions and rising input costs. State-run firms maintain price freeze on standard fuels while adjusting premium rates.
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Reliance Industries Limited has strongly refuted media reports claiming it purchased Iranian crude oil, labeling the allegations as baseless and misleading in an official statement.
Six dollar-denominated property bonds in the Middle East are now trading at distressed levels, accounting for about 15% of the region's real estate bonds in the dollar market, as investor concerns over credit quality and refinancing risks intensify.
The Indian government has announced that the country's crude oil supply is fully secured with a stockpile sufficient for 60 days, ensuring energy stability amid global market fluctuations.
L&T Finance's 'Pillion Rider to Rider' program, in partnership with Aatm Nirbhar, trained over 100 women in Hubballi in two-wheeler riding, road safety, and licensing, promoting independence and mobility.
The Central Consumer Protection Authority has issued a strict warning to hotels and restaurants against imposing extra charges for LPG or fuel, citing lack of transparency and unjustified costs to consumers.
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Super Micro Computer shareholders have filed a lawsuit accusing the tech firm of securities fraud, alleging it hid sales to China that violated US export laws, following recent criminal charges against executives.
The Petroleum Ministry has confirmed that India's petroleum and LPG supply chains are fully secure and operational, dismissing recent panic buying as driven by deliberate misinformation campaigns.
JP Morgan CEO Jamie Dimon criticizes remote work, stating it reduces attention in virtual meetings and hampers young employees' learning and emotional intelligence development.
Salesforce will not give salary increases to directors and above this year, focusing on stock grants and bonuses instead. Top performers may see bonuses up to 140% and stock grants 40% larger.
Microsoft announces a major HR restructuring to enhance adaptability, consolidating teams, promoting leaders, and seeing the exit of long-serving executives including the chief diversity officer.
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Nayara Energy has increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, impacting consumers amid fluctuating global oil markets and domestic economic conditions.
