Category: Business

Business

ONGC-BP further expand technical services collaboration in Western Offshore

June 25, 2026 admin

Under the latest agreement, the English oil major would be working with ONGC to identify focussed interventions across reservoirs, wells and production facilities. Photo: X/@ONGC_ Further expanding on their previous technical services collaboration for Mumbai High, state-owned Oil and Natural Gas Corporation (ONGC) appointed English oil major BP as their technical services provider (TSP) for…

Business

S&P upgrades Adani Ports to BBB; cites strong cash flows, balance sheet strength

June 25, 2026 admin

S&P said the company’s strong financial position provides significant headroom to support its growth strategy, which includes increasing domestic port capacity to 1 billion tonne by 2030 from 653 million tonne currently. | Photo Credit: Reuters S&P Global Ratings on Thursday (June 25, 2026) upgraded Adani Ports and Special Economic Zone (APSEZ) to investment-grade BBB…

Business

Govt. restores commercial LPG supply, withdraws sectoral mandates

June 25, 2026 admin

Bulk LPG consumers will be allotted 50% of their pre-crisis consumption requirements. File | Photo Credit: The Hindu The Union government on Thursday (June 25, 2026) restored the supply of industrial and commercial liquefied petroleum gas (LPG) to pre-crisis levels and withdrew all sector-specific allocation caps that had been imposed at the peak of the…

Business

After years of curtailed trade, Petroleum Minister Hardeep Puri discusses “opportunities to cooperate” with Iranian counterpart

June 25, 2026 admin

Union Minister Hardeep Singh Puri meets Iran’s Petroleum Minister Mohsen Paknejad on the sidelines of BRICS Energy Ministers’ Meeting, in Gurugram, Haryana. | Photo Credit: – Indicative of a potential revival in energy cooperation, Union Minister for Petroleum Hardeep Singh Puri met his Iranian counterpart Mohsen Paknejad on the sidelines of the BRICS Energy Ministers’…

Business

State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala Sitharaman

June 25, 2026 admin

Union Minister Nirmala Sitharaman graces the unveiling ceremony of the new book, titled ‘Daughters of Kanchi – The SSKV Story’, on the 120th anniversary of the SSKV Group at SSKV College of Arts & Science for Women in Kilambi, Kanchipuram, on Thursday (June 25, 2026). Photo Credit: X@nsitharamanoffc Union Finance Minister Nirmala Sitharaman on Thursday…

Business

Rupee rises 16 paise to settle at 94.39 against U.S. dollar

June 25, 2026 admin

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 16 paise to settle at 94.39 (provisional) against the U.S. dollar on Thursday (June 25, 2026) as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the…

Business

Stock markets rise for 2nd day, aided by falling oil prices, positive global trends

June 25, 2026 admin

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Benchmark stock indices Sensex and Nifty advanced on Thursday (June 25, 2026) as softening crude oil prices and a rally in global markets boosted investor sentiment. Stock market updates Rising for the second consecutive day, the 30-share BSE Sensex settled 109.25 points, or 0.14%,…

Business

Amazon CEO meets PM Modi; announces plans to invest additional $13 billion in India on cloud, AI

June 25, 2026 admin

Amazon CEO meets PM Modi; announces plans to invest additional billion in India on cloud, AI

Amazon CEO Andy Jassy with Prime Minister Narendra Modi on June 25 2026. Credit: X/@ajassy Amazon CEO Andy Jassy, who is on a visit to India, met Prime Minister Narendra Modi in New Delhi on Thursday (June 25, 2026). During the meeting, Mr. Jassy outlined the e-commerce giant’s plans to invest an additional $13 billion…

Business

Strait of Hormuz: How months of closure creates challenges for ships

June 25, 2026 admin

Celebrating the MoU between Iran and the U.S., President Donald Trump said it was time to start the engines and let the oil flow. Yet one of the biggest challenges facing shipowners and crews lies largely out of sight, beneath the waterline. “Ships are not designed to remain indefinitely idle. Even when stationary, a ship…

Business

RBI’s digital scam compensation pilot | Explained

June 25, 2026 admin

For losses up to ₹50,000, individual victims can claim 85% of the amount as compensation, only once in their lifetime, up to ₹25,000. | Photo Credit: The Hindu The Reserve Bank of India on Wednesday (June 24, 2026) issued fresh rules to protect customers from scam transactions where they lose money to fraudsters and cyberattacks….

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