Industry

Crude Oil Prices Decline as OPEC+ Reveals Plans to Increase Output Targets Starting in August

Oil prices dipped early on Monday following OPEC+’s decision to raise production targets for the fifth consecutive month. Brent crude…

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Rupee Declines 10 Paise Amid Strong Dollar and Geopolitical Concerns, Overlooking Positive Signals

Rupee began the week on a weaker note, slipping 10 paise to 95.28 against the US dollar in early trade.…

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Apple Industry Faces Challenges in Himachal Pradesh Amid Climate Pressures Impacting Rs 5,000 Crore Economy

Himachal Pradesh’s apple economy, valued at ₹5,000 crore, is facing a significant downturn this year due to adverse climate conditions.…

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Nuclear Power Initiative: India Seeks Uranium Supply Agreement with Australia During PM Modi’s Visit

Prime Minister Narendra Modi’s visit to Australia this week is expected to culminate in a significant uranium supply agreement. This…

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Essential Checklist: Common Mistakes to Avoid in Online ITR Filing for FY 2025-26

Filing income tax returns (ITR) for the financial year 2025-26 requires careful attention to detail. Taxpayers must ensure they select…

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IOCL and HPCL Secure 7 Million Barrels of Crude Oil Supplies

India’s state-owned oil refining companies have ramped up crude oil purchases, securing approximately 7 million barrels through recent tenders. Indian…

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Morgan Stanley Maintains Optimistic Outlook on Indian Equities Amid Market Challenges

India’s recent market cool-off may be a temporary phase, according to Morgan Stanley. The brokerage suggests that stronger economic growth…

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Crude Oil Relief: OMCs Poised to Achieve Break-Even on Petrol and Diesel Rates, Implications for Retail Prices

Public sector refiners in India have reported staggering losses exceeding Rs 75,000 crore during the first quarter of the current…

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India’s LPG Imports Surge: Doubling Gas Purchases from the US to Reduce Dependence on Gulf Supply

India is actively seeking to diversify its Liquefied Petroleum Gas (LPG) supply sources, with the United States emerging as a…

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OPEC+ Approves New Oil Production Increase for August Following Reopening of Strait of Hormuz

OPEC+ has announced an increase in its oil production targets, raising output quotas by 188,000 barrels per day (bpd) starting…

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Government Reports 15 Ships Transporting Urea, DAP, and Sulphur to India Cross Hormuz

Despite recent disruptions in the Middle East, India’s fertiliser supply chain remains stable. The Ministry of Chemicals and Fertilisers reported…

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Stable Demand in FMCG Sector for Q1; Companies Highlight El Nino Risks

MUMBAI: Demand for soaps, shampoos, packaged food, and other household supplies remained stable in the June quarter, despite price hikes…

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Urban Buyers Allocate Two-Thirds of Weekly Spending on Saturdays and Sundays

NEW DELHI: Urban consumers in India are significantly increasing their spending on weekends, with nearly two-thirds of their weekly expenditure…

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Increase in Early Life Policy Exits Signals Potential Mis-selling Issues

MUMBAI: The Reserve Bank of India’s (RBI) Financial Stability Report has highlighted a concerning trend in the life insurance sector,…

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India-UK Trade Agreement: Government Issues Guidelines for Goods’ Origin Determination

With the India-UK trade pact set to take effect in just 10 days, the finance ministry has issued new rules…

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