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Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because the critical Strait of Hormuz remains closed due to the Iran war. West Texas Intermediate jumped 17%, or $15.32, to $106.22 per barrel. Global benchmark Brent advanced 15%, or $14.28, to $106.92. U.S. crude oil surged about…

NEW DELHI: Railways has proposed two major amendments to its over a decade-old public private partnership (PPP) policy to bring greater certainty in recovery of private investment and reduce risk. The changes will include offering a 50-year concession period and railways taking the entire responsibility of land acquisition.Officials said the revised policy is crucial, considering…

Indian refiners have begun negotiating for additional crude cargoes from the U.S., Russia and West Africa to ensure supplies remain adequate in the event the West Asia conflict drags on for a longer period, industry officials and analysts said. Refineries, which convert crude oil into fuels like petrol and diesel, have deferred planned maintenance shutdowns…

Representational file image. | Photo Credit: Reuters A U.S.-based subsidiary of drugmaker Cipla is recalling over 400 cartons of generic anti-cancer medication due to a manufacturing issue, according to the U.S. Food and Drug Administration (USFDA). Warren (New Jersey)-based Cipla USA, Inc is recalling Nilotinib Capsules in two strengths (150 mg and 200 mg), the…

👉 Visit the Official SleepLean Website After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran,…

Liquified Petroleum Gas (LPG) is largely used for cooking gas across India. | Photo Credit: Nagara Gopal The West Asia conflict has sharply stressed India’s use of natural gas and cooking gas for a variety of applications. The government has today issued directives to prioritise cooking gas supplies.   Liquified Petroleum Gas (LPG) is largely used for cooking gas across India. The…

Sindhu Gangadharan, MD, SAP Labs India; Head-Customer Innovation Services,SAP; Chairperson, Nasscom Women bring valuable perspectives to AI development, particularly in areas such as ethical design, responsible innovation and human-centric technology, said Sindhu Gangadharan, MD, SAP Labs India; Head – Customer Innovation Services, SAP; Chairperson, Nasscom on the eve of the International Women’s Day. “As AI moves…

Oil storage tanks at a petrochemical production base on the outskirts of Shanghai, China, on Saturday, June 28, 2025. China buys around 90% of Iran’s oil exports of roughly 1.7 million barrels a day. Source: Bloomberg Bloomberg | Bloomberg | Getty Images The U.S. and Israeli strikes on Iran are being debated largely through the familiar lenses of…

As tensions in the Middle East enter their second week, concerns are rising over whether India’s energy supplies are sufficient. According to a recent government report, the country has more than 250 million barrels of crude oil and petroleum products in reserve, enough to meet demand for nearly two months. The combined reserves, estimated at…

As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15% to offset sustained increases in raw material costs and supply chain expenses. The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges. Leading players, including Daikin, Voltas,…