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State-run oil marketing companies (OMCs) have bled an estimated ₹30,000 crore in losses since mid-March as they kept fuel and LPG supplies flowing without raising retail prices despite facing an energy disruption that is bigger than all previous crises combined. Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited…
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 25 paise to close at 94.47 (provisional) against the U.S. dollar on Friday (May 8, 2026), after rising in the past two sessions, on renewed tensions between the U.S. and Iran over the Strait of Hormuz. Forex traders said investor sentiments…
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Foreign fund outflows and a weak trend in global markets further added to the bearish trend. | Photo Credit: Reuters Equity markets stayed on the back foot for the second day on Friday (May 8, 2026) as fresh geopolitical tensions in West Asia revived concerns over energy supplies and weighed heavily on investor sentiment. Foreign…
AWS did not immediately respond to a Reuters request for comment seeking further details on what caused the overheating [File] | Photo Credit: REUTERS Amazon’s cloud unit reported an outage at one of its data centre zones in northern Virginia on Thursday, while derivatives marketplace CME Group and cryptocurrency exchange Coinbase said there were issues…
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India currently represents Adobe’s largest workforce outside the United States. File | Photo Credit: Reuters Global technology major Adobe on Friday (May 8, 2026) announced the opening of a new office in Noida, making it the San Jose-headquartered company’s seventh office in India. Located in Sector 129, the new campus will house more than 700 employees…
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Image used for representation purpose only. | Photo Credit: Reuters A board meeting of Sir Ratan Tata Trust scheduled for Friday (May 8, 2026) to reconsider nominations to the board of Tata Sons was cancelled for unspecified reasons, people with direct knowledge of the matter said. The meeting was cancelled despite the Bombay High Court…
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Repeated setbacks faced by U.S. President Donald Trump in American courts have further heightened uncertainty over the U.S. tariff regime, and India should wait for the United States to evolve a more stable and legally predictable trade framework before moving ahead with the proposed bilateral trade agreement, experts said. They said that this ruling is…
Ladakh, one of India’s most fragile landscapes, has a new set of invaders—a camouflaging moth that threatens the local farm-based economy. A quartet of scientists has recorded the Phalera cf. bucephala, a moth native to parts of Africa, East Asia, and Europe, in the Suru Valley of Ladakh’s Kargil district. The ‘cf.’ is often used…
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National Stock Exchange (NSE) in Mumbai, India. File | Photo Credit: Reuters Equity markets declined in early trade on Friday (May 8, 2026) as escalating geopolitical tensions in West Asia and rising oil prices weighed heavily on investor sentiment. Foreign fund outflows and a weak trend in global markets further dented investor sentiment. The 30-share…
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The rupee depreciated by 45 paise against the U.S. dollar. File | Photo Credit: AP The rupee depreciated 45 paise to 94.67 against the U.S. dollar in early trade on Friday (May 8, 2026), as Brent crude prices rose back to $101.00 per barrel after U.S. and Iranian forces exchanged fire near the Strait of…
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