Business

Mumbai: Global oil prices traded lower Friday after the US signalled a possible easing of sanctions on Iranian crude, as efforts intensified to secure shipping through the Strait of Hormuz. Brent crude futures fell as much as 3.39 per cent to an intra-day low of...

New Delhi: Amid concerns over LPG shortage, the government Thursday said that India is diversifying LPG procurement and buying liquefied petroleum gas from the US as well to plug the supply chain disruptions caused by the Middle East conflict. Addressing the daily briefing, Petroleum and...

Mumbai: Indian stock markets witnessed a sharp fall Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure. The benchmark indices, Nifty and Sensex, ended the session with steep...

Bangkok: Global oil and natural gas prices soared Thursday after Iran attacked a key natural gas facility in Qatar that can supply one-fifth of the world's gas, as well as two oil refineries in Kuwait. The attacks added to fears the energy crisis triggered by...

Mumbai: As the Reserve Bank of India (RBI) approved the appointment of veteran banker Keki Mistry as the interim part-time Chairman of HDFC Bank for a period of three months, effective March 19, the bank held a conference call with analysts. During the interaction, Mistry...

New Delhi: The CBI Thursday questioned industrialist Anil Ambani in connection with the alleged Rs 2,929 crore cheating case registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said. Ambani arrived at the agency headquarters this morning...

New Delhi: In a sudden move, Atanu Chakraborty resigned as chairman of the country's second biggest lender HDFC Bank, citing ethical concerns. This is the first time that the part-time chairman of HDFC Bank left mid-way, raising concerns over its functioning. "Certain happenings and practices...

New Delhi: Industrialist Anil Ambani is set to appear before the Central Bureau of Investigation (CBI) at its headquarters in the national capital March 19-20. Anil Ambani’s appearance before the CBI is in connection with the FIR registered based on a complaint filed by the...

New Delhi: The Indian Navy has increased the deployment of its warships near the Gulf of Oman and is escorting Indian-flagged ships coming from the Strait of Hormuz region amid heightened tensions in West Asia that have raised concerns over global energy security. According to...

New Delhi: All Indian seafarers in the Middle East region are safe, and no shipping incident involving Indian-flagged vessels has been reported in the past 24 hours, the Ministry of Ports, Shipping and Waterways said Wednesday. At present, 22 Indian-flagged vessels with 611 Indian seafarers...