India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum…
Govt says fuel supply, prices stable despite global oil market turmoil The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the ongoing Middle East crisis, which has sharply disrupted global energy markets and shipping routes through the Strait of Hormuz.During an inter-ministerial media briefing, the government…
India’s labour market is changing, but the transition is not uniform. Over the years, employment has moved away from the agriculture sector towards non-farm activities and larger enterprises. Yet, agriculture continues to account for a major share of jobs, highlighting how it is still India’s job market backbone.The latest PLFS 2025 unit-level data by SBI…
File photo: Abhimanyu Munjal, MD & CEO, Hero FinCorp MUMBAI: IPO-bound Hero FinCorp, one of the leading NBFCs in India, is betting on ‘AI strategies’ for growth in the coming years. In addition to the usage of artificial intelligence (AI) in its operations, its two other focus areas are Aspiring India, and Asset inclusion as…
New gratuity rules: Over time, this may translate into a higher payout at the time of exit. (AI image) Gratuity has long been seen as a quiet but meaningful reward for years of service. It is not something employees think about every month, but at the time of leaving a job, it often becomes one…
Air India has told employees that it does not anticipate layoffs despite mounting financial pressures linked to the Middle East conflict, while also directing teams to sharply reduce costs and suspend discretionary spending.During a townhall meeting on Friday, Air India chief human resources officer Ravindra Kumar GP assured staff that job cuts were not expected…
State Bank of India (SBI) reported a 6% rise in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, lifted by improving asset quality and lower bad loans.The country’s largest lender had posted a net profit of Rs 18,643 crore in the January–March quarter of the 2024–25 financial year.Despite the…
A few billion-dollar bets on oil markets were placed just before major Iran-related announcements by US President Donald Trump and the timing is now raising eyebrows across global trading floors. According to traders, market experts and a Reuters analysis of exchange data, oil positions worth as much as $7 billion were placed across March and…
The United States Court of International Trade on May 7 delivered another setback to Donald Trump’s tariff strategy, striking down the 10% global duties imposed under Section 122 of the Trade Act of 1974. The 10% tariffs were imposed by the Trump administration after the US Supreme Court blocked the “Liberation Day tariffs”, which had…
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol stations, in grocery bills, and along global trade routes. The conflict, which has continued to intensify since February 28, has already pushed…