Business

March 13, 2026 1:08 PM

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Wall Street ended lower as crude prices surged toward 100 US dollars per barrel

Wall Street ended lower yesterday as crude prices surged toward 100 US dollars per barrel, which intensified inflation concerns and drove investors away from equity markets. Among the major indices, the Nasdaq Composite Index tumbled nearly 1.8 per cent, the Dow Jones Industrial Average slipped almo...

March 13, 2026 10:15 AM

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Supply Dept urges residents to use cooking gas and petroleum products judiciously

Following directives issued through a notification from the Central Government, the Supply Department has urged residents to use cooking gas and petroleum products such as petrol and diesel judiciously. In a statement, the department cited a notification from the Ministry of Petroleum and Natural Ga...

March 13, 2026 8:23 AM

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US Treasury Dept announces steps to further ease sanctions on Russian oil

US Treasury Department has announced that it is taking steps to further ease sanctions on Russian oil as crude prices surge during the Iran war. The Treasury Department said that it is granting a license that authorises the delivery and sale of some sanctioned Russia crude oil and petroleum products...

March 11, 2026 10:17 PM

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BPCL Assures Citizens of Smooth LPG Supply Amid Geopolitical Tensions

Bharat Petroleum Corporation Limited (BPCL) has assured citizens that the government is making all possible efforts to ensure the smooth and free passage of LPG imports. In a social media post, BPCL said that due to the current geopolitical situation and blockade affecting LPG imports, available sup...

March 11, 2026 4:33 PM

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AIFs Key Pillar of India’s Capital Markets: SEBI Chairman

Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey today stated that Alternative Investment Funds (AIFs) have evolved into a significant pillar of India’s capital markets, with total commitments reaching about 15.7 trillion rupees as of December 2025.   Addressing the IVC...

March 11, 2026 3:03 PM

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SAIL achieves record 18.24 MT sales in April–Feb

Steel Authority of India Limited (SAIL) has achieved a record sale of 18.24 million tonnes (MT) during the 11-month-period from April to February. The Ministry of Steel informed that the company has achieved the best-ever sales in the financial year 2026, registering a 14 per cent year-on-year growt...

March 9, 2026 6:57 PM

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Rupee Depreciates 58 Paise, touches Low Against Dollar

In the forex market today, the rupee depreciated by 58 paise to close at a record low of 92 rupees and 33 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 99.26 in intra-day trade.

March 9, 2026 6:21 PM

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Sensex Tanks 1,353 Points; Nifty Slips 422 Points

Benchmark domestic equity indices closed over 1.7 per cent lower today. The Sensex tanked one thousand and 353 points to close at 77 thousand and 566, while the Nifty dropped 422 points to settle at 24 thousand and 28.    Earlier today, markets opened with a sharp gap-down amid a surge in crude oil ...

March 9, 2026 5:09 PM

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India Secures Oil, Gas Reserves Amid Global Uncertainties

The government has said that the country’s proved Estimated Ultimate Recovery is over one thousand 900 Million Metric Tonnes (MMT) for crude oil and more than one thousand 800 Billion Cubic Meter (BCM) for natural gas. In a written Reply in the Rajya Sabha today, Minister of State for Petroleum and ...