New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has achieved 42% completion following resumption of work after force majeure condition was lifted in Nov 2025.Located in Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, an investment of around $20 billion is estimated for the…
Markets regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect saying the system had become redundant due to stronger cyber security, disaster recovery and business continuity mechanisms in the securities market, PTI reported.The IRRA platform, launched on October 1, 2023, was introduced to provide brokers with…
The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year, aiming to bring greater consistency and comparability in measuring economic performance across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the move follows the revision of the…
Bengaluru: United Breweries on Thursday informed stock exchanges that an employee inadvertently disclosed unpublished price sensitive information (UPSI) related to the company’s draft annual financial results to an outside individual.In a filing, the beer maker said the disclosure took place on May 5 “for legitimate reasons” but without the “necessary safeguards”. The company said the…
Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…
Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…
Oil prices moved higher by nearly $1 in early Thursday trading, recovering part of the steep decline recorded in the previous session, as markets continued to assess whether efforts toward a Middle East peace agreement would ultimately succeed. By 0032 GMT, Brent crude futures had climbed 88 cents, or 0.9%, to $102.15 a barrel, while…
America’s widening income divide has become more visible after the sharp rise in fuel prices linked to the Iran war, with lower-income households forced to cut back on driving even as their spending on gasoline increased, according to a new Federal Reserve Bank of New York study cited by AP.The report showed that while wealthier…
Prime Minister Narendra Modi with Vietnam President To Lam India and Vietnam on Wednesday agreed to boost their bilateral relationship, aiming to elevate ties to an “Enhanced Comprehensive Strategic Partnership” while outlining an ambitious roadmap for trade, defence and technology cooperation.The decision followed talks between Prime Minister Narendra Modi and Vietnam president To Lam, with…
Benchmark equity indices rallied sharply on Wednesday as a steep fall in crude oil prices and optimism around a possible US-Iran agreement boosted investor sentiment, PTI reported.The 30-share BSE Sensex surged 940.73 points, or 1.22 per cent, to close at 77,958.52. During the session, it climbed as much as 1,004.99 points to hit an intraday…