If refiners are ultimately required to raise their stock levels to cover about 30 days of national consumption, they would collectively need to maintain around 150 million barrels of crude oil. (AI image) Drawing lessons from China, India may look to push its domestic refiners to increase the stockpile of crude inventories with energy security…
“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading at 24,015, up by 21 points. Asian markets are witnessing mixed trade after a subdued overnight session on Wall Street, where the Nasdaq Composite and S&P 500 ended lower amid weakness in technology stocks, while the Dow Jones Industrial…
Jewar’s Noida International Airport (NIA) is set to handle its first cargo flight on Wednesday, with the aircraft scheduled to depart on a domestic route. The development comes just days after the airport began commercial passenger operations, marking another key step in its growth as an aviation and cargo hub for northern India. The airport…
Gold prices edged lower in the national capital on Tuesday, while silver held steady as buying activity remained muted in the domestic market.Traders said gold of 99.9% purity declined by Rs 200 to Rs 1,59,200 per 10 grams, inclusive of taxes, compared with its previous close of Rs 1,59,400 per 10 grams. Silver prices, meanwhile,…
After repeatedly soaring beyond the $100 per barrel mark amid the Middle East conflict, oil prices have finally begun to cool down, inching near the $75 level seen before the conflict. This week, for the first time crude since early March, crude prices have tumbled below $80 as hopes surrounding a potential US-Iran agreement lifted…
MUMBAI: An uptick in inflation is starting to “take a toll” on consumers who are increasingly becoming more mindful in terms of spending, Procter & Gamble (P&G) India said on Tuesday, projecting short-term headwinds to growth amid macro-economic risks. “Inflation is all around us, across food, energy, healthcare and so many more areas of everyday…
NEW DELHI: CERT-In has issued new cybersecurity guidelines that will require technology vendors to adopt AI-assisted security testing, disclose critical vulnerabilities immediately and significantly accelerate patch deployment across India’s digital ecosystem.The framework applies to OEMs, software vendors, cloud service providers, managed service providers and other technology suppliers operating in the country. The move comes as…
MUMBAI: Yum Brands is selling struggling fast food chain Pizza Hut in a $2.7 billion deal to two entities, the American company said on Tuesday. As part of the transactions, the Pizza Hut business excluding Mainland China will be bought by private equity (PE) firm LongRange Capital for nearly $1.5 billion while the China operations…
India’s rice stocks in government warehouses rose 15 per cent year-on-year to a record high at the start of June, while wheat inventories climbed to their highest level in five years following strong procurement from farmers, according to official data.State reserves of rice, including unmilled paddy, stood at a record 68.43 million metric tonnes as…
Shares of Elon Musk‘s SpaceX surged more than 14 per cent on Tuesday, pushing the company’s market valuation above that of Amazon and briefly ahead of Microsoft, as investors continued to pile into the newly listed stock.SpaceX shares were last trading at around $220, up 14.3 per cent on the day and more than 62…