Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…
Vladimir Putin and Donald Trump (R) The Donald Trump-led US administration on Wednesday imposed sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, intensifying pressure on the Kremlin to end its war in Ukraine. The move marks one of Washington’s largest-ever sanctions packages against Moscow, announced after Treasury Secretary Scott Bessent accused Vladimir Putin…
NEW DELHI: India’s economic dashboard is getting a long-overdue makeover in early 2026. From GDP and retail inflation to industrial output, several major measures of economic activity will be updated to reflect how people live, earn and spend today. A new index to track the booming services sector — from logistics to digital platforms —…
US President on Wednesday, once again, claimed that India would cut down Russian oil imports by the end of the year, noting that it was a gradual process. The statement came after the States sanctioned two major Russian oil companies demanding immediate ceasefire from Moscow. “India, as you know, has told me they are going…
Fixed-income mutual funds in India witnessed a massive net outflow of Rs 1.02 lakh crore in September 2025, a sharp rise from modest redemptions of Rs 7,980 crore in August, according to data from the Association of Mutual Funds in India (Amfi). The surge was primarily driven by large institutional withdrawals from liquid and money…
NEW DELHI: The National Highways Authority of India (NHAI) has started putting details of land acquisition status and statutory clearances for each highway project — tenders of which are out or will be floated — online. This is aimed at bringing greater transparency, and reducing disputes and arbitrations after projects are bid out.The exercise began…
The United States on Wednesday announced sanctions on two biggest Russian oil companies in a bid to pressurize Moscow to “immediately agree to ceasefire“. The move after US President Donald Trump expressed that his talks with Russian counterpart Putin remained futile over Ukraine war.“Now is the time to stop the killing and for an immediate…
In a move that could significantly improve passenger convenience, Indian Railways could introduce a feature allowing travellers to change the date of journey for confirmed e-tickets without cancelling their existing booking or any extra charges. The facility is expected to be available from early next year, with railways minister Ashwini Vaishnaw‘s directive to prepare a…
India’s peak power demand during Diwali this year fell slightly compared to last year, breaking the usual trend of higher electricity consumption during the festival of lights.Government data showed that the highest power supply met on Monday reached 180.14 GW, down from 182.87 GW on October 31, 2024.Typically, electricity demand spikes during Diwali as domestic…
India’s gold reserves held by the Reserve Bank of India (RBI) surpassed 880 metric tonnes in the first half of 2025-26, with the central bank adding 0.2 metric tonnes in the last week of September. The total value of the gold stood at $95 billion as of September 26, 2025, according to the latest RBI…
