The Press Editor

New Delhi: Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday said there is no fuel shortage in the country and that India has sufficient crude oil. Asserting that India's crude supply position is secure, the Union Minister urged people not to spread rumours and avoid creating fake narratives.   "The world has not faced a moment like this in modern energy history. India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Before the crisis, approximately 45 per cent of India's crude imports transited through the Strait of Hormuz route. Thanks to the…

Mumbai: The initial public offer of Innovision Ltd, a manpower and toll plaza management services provider, received 30 per cent subscription on the second day of bidding on Wednesday. According to National Stock Exchange (NSE) data, the Rs 322.84-crore IPO received bids for 18,21,312 shares, as against 61,32,433 shares on offer. The category for Qualified Institutional Buyers (QIBs) got subscribed 99 per cent. Non-institutional investors' portion received 35 per cent subscription, and the Retail Individual Investors (RIIs) quota got subscribed 26 per cent. The initial public offer has a fresh issue of up to Rs 255 crore and an offer-for-sale…

Mumbai: Shares of smallcap company Bhatia Communications & Retail (India) opened the session in the green even as equity benchmark indices Sensex and Nifty tumbled in early trade on Thursday as a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors' sentiment. Besides, weak global market trends and relentless foreign fund outflows also dampened sentiments. The stock opened in the green at Rs 22.48 against the previous close of Rs 22.12 on the BSE. It further advanced to touch a high of Rs 23.45, representing a gain of Rs 1.33 or 6.01…