Search For "oil"
Tamil Nadu: Fire erupts in oil shop in Chennai, no casualties reported
Updated : 1 week, 2 days ago IST
Fire broke out at an oil shop on Poonamallee High Road in Chennai on Thursday. Fire tenders reach the spot, no casualties reported.
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IT, oil and gas sectors show caution amid AI disruptions, West Asia confli
Updated : 1 week, 2 days ago IST
The IT services sector is facing challenges due to Artificial Intelligence (AI), with investors expressing concerns about job losses and the transition period. However, other sectors like real estate, autos, and domestic pharma companies showed more positive outlooks, with some showing stead
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India's BoP outlook faces risks from West Asia crisis; CAD seen at 1.1-1.5
Updated : 1 week, 2 days ago IST
India's external sector outlook remains broadly manageable but faces rising risks from geopolitical developments in West Asia that could push up crude oil prices and widen the current account deficit (CAD), according to a recent research note by Yes Bank. The report noted that India recorded
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Crude linked sectors, basmati rice will be impacted if Middle East crisis
Updated : 1 week, 2 days ago IST
Crude-linked sectors such as downstream oil refiners, tyres, paints, speciality chemicals, flexible packaging and synthetic textiles may also be affected if energy prices remain elevated. India imports around 85 per cent of its crude oil and half of its LNG requirement, with about 40-50 per
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Rupee recovers to 91.58/USD from all-time low, experts flag suspected inte
Updated : 1 week, 2 days ago IST
The Indian rupee recovered on Thursday after hitting an all-time low of 92.31 against USD, though currency experts believe the domestic currency is likely to remain under pressure due to ongoing geopolitical tensions and elevated crude oil prices.
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One nabbed for manufacturing adulterated ghee, dairy products; Rs 18.26 la
Updated : 1 week, 2 days ago IST
The Commissioner's Task Force, Golconda team and Masabtank Police busted an adulterated dairy products manufacturing unit in Hyderabad and apprehended one person for illegally manufacturing ghee by mixing palm oil, vanaspati and other low-quality substances, seizing items worth Rs 18.26 l
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Qatar Energy declares force majeure; halts LNG production
Updated : 1 week, 2 days ago IST
This move comes amid escalating tensions in West Asia and after its energy infrastructure was targeted, including the Strait of Hormuz, a critical oil shipping route, which is currently under threat.
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"Current environment is very fragile; geopolitical risk re-emerged": Kotak
Updated : 1 week, 2 days ago IST
Sumit Pokharna, VP-Fundamental Research at Kotak Securities, says the situation is "very fragile" and could persist for weeks.
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Rupee to face continued depreciation pressures: Kotak Securities
Updated : 1 week, 2 days ago IST
Anindya Banerjee, Head of Commodity and Currency Research at Kotak Securities, on Wednesday stated that with crude oil prices remaining elevated, the rupee is likely to face continued depreciation pressures.
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India stock indices continue to slip amid West Asia tensions; Sensex close
Updated : 1 week, 2 days ago IST
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Iran's IRGC claims control of Strait of Hormuz, warns ships of risk from m
Updated : 1 week, 2 days ago IST
Islamic Revolutionary Guard Corps has claimed that they control the Strait of Hormuz, a vital shipping route for oil and gas.
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Asia most vulnerable to oil price rise, prolonged West Asia conflict to in
Updated : 1 week, 2 days ago IST
Asia remains the most vulnerable region globally to sustained increases in oil prices due to its heavy reliance on imported energy and high trade openness, asserted a report by Invesco headlined 'Middle East Tensions - Impact on Asia.'
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