Business

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...

Mumbai: Equity benchmark indices Sensex and Nifty nosedived nearly 2 per cent Monday as soaring crude oil prices and weak global trends due to the worsening situation in West Asia triggered a sharp sell-off in the stock market. Besides, unabated foreign fund exodus and the...

Mumbai: The rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of...

New YorkWashington: The US has urged India to buy Russian oil already floating at sea and redirect it to Indian refineries to tamp down fears of supply shortages and price spikes amid the ongoing West Asia conflict, Energy Secretary Chris Wright has said. However, the...

Washington: Oil prices surged past $100 a barrel as the conflict involving Iran disrupted energy flows through the Strait of Hormuz and rattled global markets. US President Donald Trump defended the spike. He said higher oil prices were a temporary cost tied to confronting Iran’s...

Mumbai: The Indian equity markets plummeted close to 3 per cent in early trade on Monday, tracking global weakness, rising crude oil prices, and escalating tensions in the Middle East. As of 9.22 AM, the Sensex lost 2,333 points, or 2.96 per cent, to reach...

New Delhi: India has started securing additional crude oil supplies from alternative global sources as the conflict involving Iran continues to disrupt energy flows in West Asia. Indian refiners are negotiating cargoes from countries such as the United States, Russia and producers in West Africa...

New Delhi: The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing West Asia crisis, according to a notification. "In view of the prevailing geo-political developments...

New Delhi: Country's leading lender SBI Saturday announced the launch of a $500 million syndicated social term loan facility, focused exclusively on women empowerment with a greenshoe option, on the eve of International Women's Day. This syndicated transaction is a milestone for SBI and the...

New Delhi: With India exploring alternative sources to further strengthen its energy security, countries like Australia, Canada and several others have offered additional gas supplies, official sources said Saturday. Citing the ongoing US-Israel conflict with Iran leading to the closure of the key shipping route...