Business

Bhubaneswar: Long queues were seen at LPG distribution centres in Bhubaneswar Tuesday amid concerns over possible supply disruptions due to ongoing Middle East tensions. Customers reportedly waited in long lines with gas passbooks at centres such as Khandagiri HP Gas. Some customers reported delays of...

Colombo: Sri Lanka has increased retail fuel prices by over 8 per cent with effect from midnight Monday in a bid to curb hoarding and panic buying amid rising global crude oil prices, officials said Tuesday. The price revision comes as global crude oil prices...

New Delhi: Commerce and Industry Minister Piyush Goyal Tuesday said the government is looking to extend help to exporters on the insurance front to help them deal with the ongoing West Asia crisis. He said an inter-ministerial group is keeping tabs on the developments on...

New Delhi: The oil ministry has constituted a committee to examine supply issues after a sudden shortage of commercial LPG cylinders alarmed the hospitality sector, with restaurant associations warning that eateries could shut down within days if supplies are not restored. As the widening conflict...

Bhubaneswar: A startup conference was organised at O-Hub in Bhubaneswar Monday, where the Odisha government reiterated its commitment to supporting young entrepreneurs and strengthening the startup ecosystem in the state. Addressing the gathering, Micro, Small and Medium Enterprises (MSME) Minister Gokulananda Mallik said the state...

New Delhi:  Indonesia has agreed with India to buy the BrahMos missile system, its Defence Ministry spokesperson Rico Ricardo Sirait said Monday. Rico told the Reuters news agency that the agreement was "part of Indonesia’s modernisation of military hardware and defence capabilities, especially in the...

New Delhi: Petrol and diesel prices will not be increased for now despite international crude oil rates crossing USD 100 per barrel, government sources said on Monday, even as authorities stepped up efforts to maintain uninterrupted fuel supply lines across the country. As the conflict...

Chicago: Oil prices spiked near USD 120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to USD 119.50...

Cuttack: Prices of refined edible oil in Cuttack have reportedly increased by Rs 10 per litre over the past few days, while palm oil has also become costlier in the local market. According to a source, refined oil that was earlier selling at Rs 160...

New Delhi: India currently has a total capacity for storage of crude oil and petroleum products for 74 days, which can help to tide over disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed Monday. "The government has established Strategic...