NEW DELHI: LPG sales in May declined by over 19% year-on-year, while petrol and diesel consumption grew 2.8% and 1%, respectively, govt data has revealed.Consumption of aviation fuel registered year-on-year decline of 0.8% in the month.Provisional data from Petroleum Planning and Analysis Cell showed that LPG sales fell to 2.1 million tonnes (MT) in May…
New Delhi: Coal gasification has so far saved Rs 28,000 crore in foreign exchange by reducing reliance on imported oil, methanol and ammonia, govt said recently as it prepares to launch the second phase of the programme.At a recent meeting with investors, coal ministry said the first phase of scheme, launched in 2023-24, had mobilised…
Rising oil prices and renewed tensions involving Iran weighed on US equities on Wednesday, but Wall Street remained close to record levels as investors continued to bet on a potential reopening of the Strait of Hormuz and drew support from strong corporate earnings.The S&P 500 slipped 0.2% from its all-time high, while the Dow Jones…
Ford Motor Co. is recalling nearly 4.2 lakh vehicles in the US due to a seat belt issue that could increase the risk of injury in the event of a crash, AP reported citing National Highway Traffic Safety Administration (NHTSA).The recall covers certain Ford Expedition and Lincoln Navigator vehicles from model years 2018 through 2022.According…
Vikram Sahu, India CEO and Country Executive, Bank of America, hosted the bank’s investor conference in India with foreign institutional investor participation rising 20% from the previous year. According to Sahu, despite the short-term challenges interest in India remains undiminished.Q. With the monetary policy committee meeting around the corner what do you expect from the…
The Union Cabinet on Wednesday approved a package of projects and schemes worth Rs 39,290 crore, spanning aviation, highway infrastructure and transport modernisation, with the largest allocation going towards the creation of an Aviation Turbine Fuel (ATF) Price Stabilisation Fund.According to details of the Cabinet decisions, the government approved a Rs 10,000 crore ATF Price…
In a major clean-air initiative aimed at reducing vehicular pollution in the National Capital Region, the Union Cabinet has approved a Rs 5,041 crore scheme to replace older trucks and buses in Delhi-NCR with cleaner BS-VI and electric vehicles, backed by a package of financial incentives for vehicle owners, Union minister Ashwini Vaishnaw said on…
“Indian equity markets are expected to open on a flat to mildly negative note, with Gift Nifty trading around 23,477, down by 15 points, indicating subdued opening cues for domestic indices. Global markets remained broadly positive on the back of resilient economic data and easing concerns over major geopolitical developments, though investors are likely to…
The development comes as senior trade officials from the US and India are engaged in a three-day round of discussions in New Delhi. (AI image) Amid ongoing India-US trade deal talks, the Office of the United States Trade Representative (USTR) has named India among countries that have unfair trade practices. Based on these findings, the…
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