India said it was pushing ahead with imports of Russian oil, after a temporary U.S. waiver to import crude from Moscow due war in West Asia — but adding it did not need Washington’s permission. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India said on Saturday (March 7, 2026) it was…
Petroleum Minister Hardeep Puri in a meeting with media. Photo: X/HardeepSPuri Petroleum Minister Hardeep Puri on Friday (March 6, 2026) said there is no shortage of energy in India and there is no cause of worry for its energy consumers. The Minister discussed various aspects of India’s uninterrupted energy imports despite geopolitical challenges with the…
Image used for representation purpose only. Crude prices surged on mounting fears about oil supply disruption during West Asia war | Photo Credit: Getty Images/iStockphoto Crude prices surged on Friday (March 6, 2026) on mounting fears about oil supply disruption during West Asia war, while equities retreated on poor U.S. hiring data. The U.S.-Israel war…
Treasury Secretary Scott Bessent is seen at the White House, on March 6, 2026, in Washington | Photo Credit: AP The U.S. said it has given “permission” to India to buy Russian oil that is on ships already floating on waterways with a view to easing supplies around the world amid the West Asia conflict….
Shyamala Ramanan, Business Head, Mia by Tanishq Mia by Tanishq, a jewellery brand of Titan Company, has opened its 275th store in Kammanahalli, Bengaluru. The outlet was inaugurated by Shyamala Ramanan, Business Head, Mia by Tanishq, and Ajay Dwivedi, Regional Business Head–South, Titan Company. The store has about 1,200 square feet of space. The company…
Indian Oil Corporation Ltd terminal at Kondapalli near Vijayawada in Andhra Pradesh. File | Photo Credit: Rao G.N. Addressing concerns about a potential fuel supply shortage in the country amidst the escalating tension in West Asia, India’s largest oil marketing company (OMC) IndianOil informed Friday (March 6, 2026) that reports suggesting a shortage of petrol…
Story so far: In the wake of the oil crisis triggered by the Israel-U.S. strikes on Iran, Centre has invoked the Essential Commodities Act, 1955, on Friday (March 5, 2026), ordering all oil refining companies to maximise production of Liquified Petroleum Gas (LPG) and make it available to domestic consumers only. Naming public Oil Marketing Companies (OMCs) — IndianOil, Hindustan Petroleum and Bharat Petroleum, which supply gas to 99% of…
Despite the February slowdown, gold ETF inflows this year have reached $3.06 billion, pushing total assets under management close to $20 billion, according to the World Gold Council. The inflows into gold exchange-traded funds plunged 77 per cent last month to $565 million, compared with a record high of $2.5 billion logged in January, as…
At the end, the rupee settled at 91.70 (provisional) against the U.S. dollar, losing 6 paise from its previous closing level. File | Photo Credit: Reuters The rupee stayed range-bound throughout the session on Friday and ended 6 paise lower at 91.70 (provisional) against the U.S. dollar, resisting pressure from inflated crude oil prices and…
Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto Stock market benchmark indices Sensex and Nifty tumbled over 1% on Friday (March 6, 2026) after a day’s breather as the conflict in the West Asia entered its seventh day, driving crude oil prices higher. Weakness in the U.S. equities, subdued trend in European…
