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Image used for representation purpose only With the recent government interventions in infrastructure and allocation, Oil India would amp up their production immensely in the next eighteen months, Chairman and Managing Director Ranjit Rath told The Hindu. “Government has authorised the [expansion of] Duliajan feeder line so that will mean more gas can be evacuated,”…
Continuous days of sustained losses has seen the rupee close at almost ₹97 to the dollar, with no indication that the slide has been arrested. Rising oil prices and the threat of external inflation will put further pressure on the rupee in the days to come. This has prompted calls for intervention to prevent further…
In the March-end quarter, GAIL posted a net profit of ₹1,262 crore, which was lower than ₹2,049 crore in the corresponding period last year. Photo credit: Special arrangement State-owned Gas Authority of India Ltd (GAIL)’s net profit in the March-end quarter slipped about 38.4% compared to the same period last year with its natural gas…
The Supreme Court on Thursday (May 21, 2026) declined to interfere with the environmental clearances granted to the Adani Group’s coal block project in Madhya Pradesh’s Singrauli district, pointing to the delay in challenging the approvals. A Bench comprising Justices P.S. Narasimha and Alok Aradhe was hearing a plea filed by environmental activist Ajay Dubey…
This comes at a time when the rupee nearly touched ₹97 to a dollar in the intraday trade on Thursday (May 21, 2026), with traders saying the RBI intervened to prevent it from crossing that limit. (Representational image) | Photo Credit: Motortion The Reserve Bank of India (RBI) should not let the “psychology of ₹100 per…
Adani Ports and Special Economic Zone Ltd said the acquisition will further consolidate the company’s inland logistics presence and service capabilities in North India. File | Photo Credit: Reuters Adani Ports and Special Economic Zone on Thursday (May 21, 2026) said it will acquire a 100% stake in Jaypee Fertilizers & Industries from Jaiprakash Associates…
Read More “Adani Ports to acquire Jaypee Fertilizers for ₹1,500 crore through insolvency” »
At the interbank foreign exchange market, the rupee opened at 96.25 against the dollar. | Photo Credit: Reuters The rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the U.S. dollar on Thursday (May 21, 2026) after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction,…
Read More “Rupee recovers 49 paise from all-time low to settle at 96.37 against U.S. dollar” »
The 50-share NSE Nifty skidded 4.30 points, or 0.02%, to end at 23,654.70. | Photo Credit: Reuters Equity benchmark indices ended lower in a volatile day of trade on Thursday (May 21, 2026), surrendering their early gains, amid profit-taking in blue-chip stocks. The 30-share BSE Sensex declined 135.03 points, or 0.18%, to settle at 75,183.36….
Read More “Stock markets end marginally lower in volatile trade” »
India’s oil-marketing companies paid $16.3 billion for their imports in April this year as compared to $10.7 billion they had paid in the same month last year. File photo for representational purposes only. | Photo Credit: Reuters The volume of India’s imports of crude oil fell 4.3% in April 2026, the second month after the…
With diesel prices increasing and fuel shortages impacting the free movement of trucks, transporters have decided to increase freight rates with effect from 20th May 2026 to pass on the extra burden to the customers. This is going to fuel inflation. To offset the diesel price hike, the transporters have introduced a new calculation method…
Read More “Transporters announce 4% hike in freight rates to pass on extra burden” »