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ONGC gets board approval to build new strategic crude oil reserve in Mangaluru
ONGC's board has given in-principle approval to develop a 1.75 million metric tonne strategic petroleum reserve at Mangaluru, strengthening India's emergency crude oil storage capacity.
Market Pulse: Key triggers to watch before the July 10 trading session
Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS' June quarter earnings. Market participants will also track the impact of Apollo Micro Systems' ₹1,550-crore acquisition of a 41.33% stake in Premier Explosives.On the global front, US markets traded higher, supported by gains in semiconductor stocks and lower oil prices, although renewed tensions between Washington and Tehran kept investors cautious. Traders will also monitor the impact of lower-than-expected US jobless claims and June existing home sales data on sentiment.
CIC upholds Indian Oil's refusal to disclose records of fuel quality inspection, fraud records
The applicant said consumers are "overburdened with the fuel prices" and the information should be centrally maintained in today's digital era. The Central Information Commission accepted the oil major's contention that compiling the data, scattered across its 16 state offices and 73 divisional offices, would disproportionately divert its resources under Section 7(9) of the RTI Act.
CONCOR, GAIL sign 15-year pact to set up LNG dispensing station in Ahmedabad
Shares of GAIL (India) Ltd ended 0.83% higher at ₹170.40 on the BSE, while shares of Container Corporation of India Ltd (CONCOR) closed 1.50% up at ₹458.10.
AWL Agri Business to expand regenerative mustard farming after yields jump 30%
AWL Agri Business will expand its regenerative mustard farming programme after demonstration farms delivered yield improvements of up to 30%, reinforcing its focus on sustainable agriculture while supporting India's long-term edible oil self-reliance ambitions.
US Stock Market Today: Dow Jones, S&P Flat Amid Jump In Oil Prices; Nasdaq Rises As Chip Stocks Outperform
The Dow Jones Industrial Average rose 63 points or 0.1%, S&P 500 gained over 0.04%, while Nasdaq was up 0.08%.
US stock market today: Wall Street, oil prices steady after sharp swings yesterday - The Times of India
US stock market today: Wall Street, oil prices steady after sharp swings yesterdayThe Times of India
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdge
Bank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond markets and overseas borrowings for funding. The Reserve Bank of India's policy measures make external funding more attractive for businesses. This shift will reduce reliance on traditional bank loans for corporate financing needs. Overall credit demand remains healthy, but banks will finance a smaller share.
Meta To Launch Custom AI Chip 'Iris' In September To Cut Nvidia, AMD Reliance
Meta is likely looking to cut down on its considerable computing costs and dependence on Nvidia and AMD.
INR settles higher, supported by good recovery in local equities
The Indian rupee appreciated by 7 paise to settle at 95.41 (provisional) against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in the global markets. A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis. At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the US dollar and later traded in the range of 95.58 to 95.28 during the day. It settled at 95.41 (provisional), up 7 paise from the previous close. The rupee had declined by 52 paise to settle at 95.48 against the US dollar on Wednesday. Indian shares ended modestly higher on Thursday, after having fallen heavily in the previous session amid escalating hostilities in the Middle East. At the close of the market, the NSE Nifty 50 advanced 80.75 points (0.34%) to settle at 23,962.80, while the BSE Sensex gained 238.22 ...
India's crude imports remain resilient despite Strait of Hormuz tensions
India's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfolio over recent years. Russia now supplies over half of India's total crude oil imports. However, LPG and LNG supplies remain vulnerable to Gulf disruptions. Prolonged instability could increase shipping costs and regional prices significantly.
Nasdaq Futures Surge As SanDisk, Micron, Other Chip Stocks Recover Defying Iran War
Nasdaq futures climb as chip stocks rally despite renewed US-Iran tensions and oil risks.