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Trump announces to tap Strategic Petroleum Reserve as Middle East conflict sends gasoline prices soaring
12
Mar
By The Press Editor
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World

Trump announces to tap Strategic Petroleum Reserve as Middle East conflict sends gasoline prices soaring

Washington: The ongoing Iran conflict has prompted United States President Donald Trump to announce that his administration will tap into the Strategic Petroleum Reserve in a bid to cool soaring fuel prices. Speaking to WKRC Local 12, Trump confirmed that the release of crude from the emergency reserve would be followed by replenishment at a later stage. He refrained from specifying the volume of oil that would be released. Trump also recalled how he had earlier criticised former President Joe Biden for using the reserve to ease fuel prices. Global oil release plan Trump further revealed that the International Energy…
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Smallcap stock opens in green even as equity benchmark indices tumbled in early trade, check details
12
Mar
By The Press Editor
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Business

Smallcap stock opens in green even as equity benchmark indices tumbled in early trade, check details

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.ย 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…
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India’s first crude triumph: Liberian tanker dodges Iran-US war zone, docks safely in Mumbai
12
Mar
By The Press Editor
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World

India’s first crude triumph: Liberian tanker dodges Iran-US war zone, docks safely in Mumbai

Tehran: In a rare glimmer of hope amid the Iran-US conflict's chokehold on global energy routes, the Liberian-flagged tanker Shenlong Suezmax, captained by an Indian mariner, successfully navigated the perilous Strait of Hormuz and berthed at Mumbai port on Wednesday (March 11), marking the first such India-bound crude shipment since hostilities erupted. Loaded with 135,335 metric tonnes of Saudi Arabian crude from Ras Tanura port on March 1, the vessel slipped through the strait on March 8, briefly vanishing from tracking radars before resurfacing on March 9, a maneuver likely designed to evade detection in waters where Iran has targeted…
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Gold price falls by Rs 713 per 10 grams on MCX, silver remains volatile | Check city-wise rates
12
Mar
By The Press Editor
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Business

Gold price falls by Rs 713 per 10 grams on MCX, silver remains volatile | Check city-wise rates

Mumbai: Rates of precious metals in futures opened lower on Thursday, March 12, 2026, with Brent crude approaching the USD100 per barrel mark following escalating geopolitical tensions involving the US, Israel, and Iran in West Asia. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,010 or 0.62 per cent at Rs 1,62,799 per 10 grams against the previous close of Rs 1,61,789. However, it soon fell to touch the low of Rs 1,61,076, a dip of Rs 713 or 0.44 per cent. Last seen, it was trading at Rs 1,61,454 with…
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BCCI to honour Rahul Dravid with lifetime achievement award, Shubman Gill to be named Cricketer of the Year
12
Mar
By The Press Editor
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Sports

BCCI to honour Rahul Dravid with lifetime achievement award, Shubman Gill to be named Cricketer of the Year

New Delhi: Former India cricketer Rahul Dravid will be conferred with the Col CK Nayudu Lifetime Achievement award at the BCCI's annual Naman Awards, scheduled to take place in New Delhi on March 15 (Sunday). Along with him, India's Test and ODI captain, Shubman Gill, will also be named the Cricketer of the Year award. The Indian Express report is carrying the information related to these awards, even as Mumbai's Ayush Mhatre will also be recognised for his performances with the Lala Amarnath awardย for the best all-rounder in domestic limited-overs cricket. Notably, Mhatre also led the India U19 team to…
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Indian oil ships to get safe passage through Strait of Hormuz after Jaishankar’s call with Iranian counterpart Araghchi
12
Mar
By The Press Editor
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World

Indian oil ships to get safe passage through Strait of Hormuz after Jaishankar’s call with Iranian counterpart Araghchi

Tehran: In a major relief for New Delhi amid the worsening global energy crisis, Iran has allowed Indian oil tankers to pass through the Strait of Hormuz following talks between External Affairs Minister S Jaishankar and his Iranian counterpart Abbas Araghchi, according to India TV sources. The move comes as tensions in West Asia have severely disrupted maritime traffic through the Strait of Hormuz, a crucial route that handles a significant share of the worldโ€™s oil shipments, raising concerns over global energy supplies. Jaishankar held a telephonic conversation with his Iranian counterpart on March 10 amid escalating conflict in the…
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PSU Dividend Stock: RailTel shares to be in focus ahead of ex-date for interim dividend, check amount, record date
12
Mar
By The Press Editor
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Business

PSU Dividend Stock: RailTel shares to be in focus ahead of ex-date for interim dividend, check amount, record date

Mumbai: Shares of RailTel Corporation of India (RailTel), a state-owned company, will be in focus as they will trade ex-date for the dividend soon. This is an opportunity for investors to earn additional profit amid stock market volatility. Indian benchmark indices Sensex and Nifty ended nearly 2 per cent lower amid growing tensions in West Asia, which unnerved investors. Besides, sustained foreign fund outflows and selling in blue-chip bank stocks added to the pressure. Amid this, there is an opportunity for investors to be eligible for an interim dividend announced by the Railway Ministry's public sector undertaking. RailTel Dividend Amountย …
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Hardik Pandya in trouble? Complaint filed against India all-rounder for ‘insulting’ national flag
12
Mar
By The Press Editor
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Sports

Hardik Pandya in trouble? Complaint filed against India all-rounder for ‘insulting’ national flag

Pune: India all-rounder Hardik Pandya is in legal trouble after a Pune-based lawyer has accused him of disrespecting the national flag while celebrating India's triumph in the T20 World Cup 2026. The name of the complainant is Wajid Khan, who has urged the police to register an FIR over the alleged incident.ย  The lawyer has alleged that Pandya had wrapped India's flag around himself while celebrating on the field with his girlfriend Mahieka Sharma after India beat New Zealand by 96 runs in the final at the Narendra Modi Stadium in Ahmedabad. He also pointed out that the cricketer was…
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Iran sets three conditions to end war with US and Israel: Know what are they
12
Mar
By The Press Editor
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World

Iran sets three conditions to end war with US and Israel: Know what are they

Tehran: Iran has set out three key conditions to end its ongoing conflict with the United States and Israel, including recognition of its rights and compensation for damages caused during the war. Iranian President Masoud Pezeshkian said the only way to bring the conflict to an end is for the international community to acknowledge Iran's legitimate rights and provide firm guarantees to prevent any future aggression. What are Iran's three conditions to end war? "The only way to end this warโ€”ignited by the Zionist regime & USโ€”is recognizing Iranโ€™s legitimate rights, payment of reparations, and firm int'l guarantees against future…
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LPG Shortage News LIVE: 800 hotels in Thane may shut operations, long queues outside gas agencies
12
Mar
By The Press Editor
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Business

LPG Shortage News LIVE: 800 hotels in Thane may shut operations, long queues outside gas agencies

New Delhi: The ongoing war in West Asia has affected the global supply of liquified petroleum gas (LPG), and India is no exception. The widening conflict in the Middle East has largely halted shipments through the Strait of Hormuz, which was the conduit for most of India's oil, gas, and LPG needs. This has created an LPG shortage in the country. While India scrambles to seek alternative crude sources from countries like Russia, LPG and LNG supplies remain constrained, and shortages are affecting businesses nationwide, from restaurants and crematoriums to ceramic units and even production units. The restaurant industry is…
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