The state-run refiner is reassessing its crude sourcing strategy amid supply disruptions and soaring freight costs linked to the Iran war. Indian Oil Corporation (IOC), India’s largest refiner, plans to scale back crude oil purchases from Middle Eastern suppliers under annual contracts for the financial year 2027-28, as the prolonged Iran war continues to disrupt…
Including the commitments secured from anchor investors earlier this week, Jio Platforms’ IPO has attracted around Rs 77,892 crore Jio IPO subscription: Jio Platforms Ltd’s initial public offering (IPO) on Wednesday received subscriptions for 3.16 times the 19.75 crore shares available. Institutional investors accounted for the strongest demand. The offer will remain open for subscription…
India’s coal-fired power plants face critical fuel shortages as demand rises NEW DELHI: India’s coal-fired power plants are running low on fuel, with nearly half holding coal that can generate power for fewer than three days.The squeeze is getting tighter, with the number of plants reporting critically low stocks climbing to 96 out of 191…
The rally was driven by strong performance in iron ore, electricity, coal, refinery products, cement and steel NEW DELHI: India’s core sector growth accelerated to 7.9 per cent in September 2026, up from 5.9 per cent in August, driven by strong output across six of the eight key infrastructure industries, according to data released by…
The planned route will cover Anantapur, Guntakal, Raichur, Kalaburagi, Solapur and Kalyan before arriving in Mumbai. Indian Railways’ second Vande Bharat sleeper train service is all set to start in the coming days. South Western Railway (SWR) has proposed November 1, the occasion of Karnataka Rajyotsava, for the inaugural special run of the new Bengaluru-Mumbai…
In equity markets, holding duration dictates net returns. By Archit GuptaMost investors spend weeks deciding what to buy. Very few spend even an hour planning how they will sell. Yet the tax on an investment is charged when you realize your gains, not when you deploy your capital.This gap matters today more than ever. India…
At the upper end of this range, the IPO values Jio Platforms at approximately $108 billion. Jio IPO subscription: Jio Platforms Ltd’s Rs 30,213-crore initial public offering (IPO) received bids worth more than Rs 50,000 crore by mid-afternoon on Wednesday.Investors subscribed to 2.35 times the shares available on the first day. The issue had already…
HDFC Bank probe finds two senior executives leaked confidential information NEW DELHI: HDFC Bank has found evidence that two senior executives shared confidential business plans and possibly market-sensitive information with outsiders.According to Bloomberg, the probe began after some bank leaders raised concerns about possible leaks. The two executives, who oversee key businesses and functions, were…
Lender flags 3,897 customer records exposed on dark web NEW DELHI: The State Bank of India (SBI) on Wednesday said that it has identified 3,897 customer records containing personally identifiable information (PII) in data suspected to have been exposed on the dark web. The bank has launched a detailed investigation to establish the authenticity, source…
SpaceX revenue surges 161% to $14.6 billion in Q3 SpaceX’s Super Intelligence business has become the biggest driver of the company’s latest quarterly growth, helping Elon Musk’s aerospace company report a net profit of $4.4 billion in the July-September quarter.Revenue more than doubled from a year earlier, rising 161 per cent to $14.6 billion, while…
