Business

A coordinated global effort to stabilise volatile energy markets gathered pace on Wednesday after the International Energy Agency (IEA) agreed to release the largest volume of emergency oil reserves in its history amid escalating tensions in the Middle East.According to an AP report, the Paris-based agency will make 400 million barrels available from members’ strategic…

In a move aimed at reducing regulatory burden and improving ease of doing business, markets regulator Sebi on Wednesday eased certification requirements for Persons Associated with Research Services (PARS), allowing sales personnel, relationship managers and other non-research staff to qualify through a simplified certification module, PTI reported.The revised framework, which comes into effect immediately, recognises…

The government on Wednesday said India’s crude oil supplies remain secure and urged consumers not to panic over LPG availability, noting that steps have been taken to ensure fair distribution amid geopolitical disruptions.Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas, said domestic LPG supplies are currently being…

Benchmark equity indices Sensex and Nifty ended nearly 2 per cent lower on Wednesday after a brief respite in the previous session, as a fresh surge in crude oil prices amid escalating tensions in West Asia weighed on investor sentiment. Continued foreign fund outflows and selling pressure in blue-chip banking stocks also pulled markets down,…

Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.At least 11.7 million barrels of Iranian crude have passed through…

Gold prices traded with a mixed bias on Wednesday as futures slipped on the domestic bourse even as retail bullion rates in major cities edged higher. Market participants largely remained cautious amid mild profit-taking at elevated levels.As of 14:54, gold futures on the Multi Commodity Exchange (MCX) showed a softer trend. The April 2026 contract…

The United Nations on Tuesday warned of “significant risks” to global trade and development, including higher food prices and cost-of-living pressures, if the Strait of Hormuz remains closed amid the ongoing Middle East conflict.A report by the UN Conference on Trade and Development (UNCTAD) said the military escalation following US–Israeli strikes on Iran and Tehran’s…

Oil prices fell to around $88 per barrel after a report said that the International Energy Agency (IEA) is considering a record release of emergency oil reserves to stabilise global markets amid the escalating conflict in the Middle East, according to Bloomberg.According to a report by the Wall Street Journal, the proposed release could exceed…

India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering…

Representative image NEW DELHI: Indian Railways has asked all its licensees to adopt alternate cooking methods such as microwave ovens and electric induction systems at railway food centres, following a reported cut in liquefied natural gas (LNG) supplies linked to the ongoing West Asia conflict.The directive applies to food plazas, refreshment rooms and Jan Aahar…