Business

NEW DELHI: Govt on Tuesday sought Parliamentary approval for additional spend of over Rs 2.8 lakh crore, of which the cash outgo will be a little more than Rs 2 lakh crore, with a bulk of it going towards meeting the gold sovereign bond liability and meeting the higher food and fertiliser subsidy bill.The biggest…

Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…

MUMBAI/BENGALURU: The war in West Asia has hit home for restaurants across the country. A severe crunch of LPG supplies means a temporary shutdown for some, while many have already moved to induction cookers to stay afloat or restricted menu choices to do away with slow-cooking items, report Asmita Dey and Supriya Roy.Anjan Chatterjee, founder…

NEW DELHI: Cooking gas production has increased by 10% since the govt issued directives to oil refiners to divert all components used in LPG production to fill the supply gap caused by the West Asia war, officials said on Tuesday.Acknowledging complaints of a shortage of commercial LPG cylinders through social media from various sectors, especially…

NEW DELHI: Global oil prices cooled to under $90 a barrel on Tuesday – a day after rising to a three-year high of $120 – following US President Donald Trump’s comment that the Iran war may end soon, amid govt’s claim that India was now securing more quantities of crude from non-Gulf sources.Officials said supplies…

MUMBAI: Sales of induction cooktops have surged on e-commerce platforms as consumers are rushing to keep back-up options ready amid fears over disruption in supply of cooking gas.For Walmart-controlled Flipkart, sales volumes have tripled over the last four-five days as compared to the preceding three-four weeks, while Amazon has seen demand spike by as much…

NEW DELHI: India is supplying diesel to Bangladesh on a commercial basis as part of its existing trade agreement, officials said on Tuesday, amid reports that India had begun supplying 5,000 tonnes of fuel to the neighbouring country due to the energy crisis created by the conflict in West Asia.Officials said New Delhi had been…

NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…

NEW DELHI: Facing a severe LNG (liquefied natural gas) crunch, govt on Monday invoked the Essential Commodities Act, 1955, to reallocate gas supply and slashed allocation for fertiliser and other industries, while seeking to ensure full availability for priority sectors such as domestic piped natural gas (PNG) for kitchens, compressed natural gas (CNG) for transport…

The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…