Foreign companies are increasingly using India’s booming initial public offering (IPO) market to cash out investments and send billions of dollars back to their home countries rather than raise fresh capital for expansion, according to a Reuters analysis.As per the report, only one of the six foreign-based companies that listed their Indian subsidiaries in Mumbai…

Continue Reading

India is set to hit the accelerator on its ethanol drive, laying the groundwork for a wider ethanol fuel network as it looks to cut down dependence on imported fossil fuels. Under the plan, ethanol dispensing stations will begin appearing in several cities, with the network set for a sharp expansion over the next two…

Continue Reading

India and Venezuela are looking to expand cooperation, particularly in the energy sector, as New Delhi moves to diversify crude oil imports amid supply disruptions linked to the West Asia crisis.Addressing a special media briefing after Prime Minister Narendra Modi’s talks with Venezuelan acting President Delcy Rodriguez, MEA secretary (East) Rudrendra Tandon said discussions focused…

Continue Reading

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…

Continue Reading

Russia, for the first time, has publicly acknowledged a dip in its oil production this year, even as it assured that the country was continuously stepping up its “export infrastructure to its maximum capacity.”Speaking to reporters at the St Petersburg International Economic Forum on Thursday, deputy Prime Minister Alexander Novak said that current output was…

Continue Reading

India’s growth story has continued to draw interest from investors across the globe, Union commerce minister and industry minister Piyush Goyal said on Thursday. Speaking at the Citi India Conference 2026, Goyal said his recent interactions with international investors reflected strong confidence in India’s future prospects.“Every conversation that I had reinforced one truth. The world’s…

Continue Reading

In addition to the restrictions imposed on Mehta, Sebi instructed the company to ensure accurate and transparent disclosures. (AI image) Rajesh Exports share price today: Shares of jewellery exporter Rajesh Exports Ltd came under heavy selling pressure on Thursday, slipping 5% and hitting the lower circuit after the Securities and Exchange Board of India (Sebi)…

Continue Reading

MCX Gold is holding within a consolidation phase, maintaining its sideways to bullish bias on the weekly chart. (AI image) Gold and silver price prediction today: The base trendline for MCX Gold, and MCX Silver remains bullish according to Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX…

Continue Reading

New Delhi: Emerging requirements of grid stability amid India’s growing electricity demand, large-scale renewable energy integration, and the increasing share of inverter-based generation resources and bulk loads were discussed in a meeting of the parliamentary consultative committee of the ministry of power on Tuesday.Chaired by Union power minister Manohar Lal, the meeting stressed the need…

Continue Reading

Markets are likely to remain volatile in the near term amid escalating tensions in West Asia, which continue to keep crude oil prices elevated and triggering persistent Foreign Institutional Investor outflows. Investor sentiment is expected to remain cautious as the lack of meaningful progress in the ongoing US-Iran negotiations continues to fuel concerns over global…

Continue Reading