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Japan to release strategic oil reserve amid US-Israel-Iran War, first G7 nation to do so
11
Mar
By The Press Editor
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Business

Japan to release strategic oil reserve amid US-Israel-Iran War, first G7 nation to do so

New Delhi: As the oil prices have resumed climbing with no end to the US-Israel-Iran war in sight, Japan's Prime Minister Sanae Takaichi said on Wednesday that the nation will release part of its oil reserves as early as March 16. With this, Japan has become the first among G7 nations to do so. The move is aimed at stabilising energy markets amid rising geopolitical tensions.ย Early Wednesday, the price for a barrel of Brent crude, the international standard, had jumped 2.6 per cent to USD90.11. US benchmark crude oil was up 3.2 per cent at USD 86.08 per barrel. ย …
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IRCTC may halt train meals amid LPG shortage, tells vendors to switch cooking methods
11
Mar
By The Press Editor
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Business

IRCTC may halt train meals amid LPG shortage, tells vendors to switch cooking methods

New Delhi: Amid reports that LPG supplies are being impacted by the ongoing conflict in the Middle East, Indian Railway Catering and Tourism Corporation (IRCTC) may consider temporarily halting cooked meal services on trains. Reports also suggest that the public sector undertaking (PSU) may offer refunds to passengers who pre-booked meals with their tickets. The IRCTC said that the directive applies to food plazas, refreshment rooms and Jan Aahar outlets across railway stations.ย  Tells vendors to switch cookingย  IRCTC has also directed all its licensees to switch to alternative cooking methods at railway food centres. It has asked them to…
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IT stock defies market crash, trades in green amid this update, check share price and other details
11
Mar
By The Press Editor
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Business

IT stock defies market crash, trades in green amid this update, check share price and other details

Mumbai: Shares of AI-based digital transformation and technology consulting company Kellton Tech Solutions Ltd were trading higher by over 1 per cent on Wednesday, even as the broader stock market declined. The stock opened in red at Rs 17.02 against the previous close of Rs 17.24. However, it managed to touch the intraday high of Rs 18.16. Last seen, the stock was trading up 1.28 per cent, or Rs 0.22, at Rs 17.46 on the BSE. The stock remained in the green even as the BSE fell over 1000 points, or 1.29 per cent, to 77,197.53. The stock has been…
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35.66% YTD return: Healthcare stock in focus post this report amid volatility in stock market
11
Mar
By The Press Editor
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Business

35.66% YTD return: Healthcare stock in focus post this report amid volatility in stock market

Mumbai: Shares of North India-based hospital chain Park Medi World are in focus amid volatility in the stock market. The stock started the trading session in the green at Rs 207.15 against the previous close of Rs 204.65 on the BSE. Later it gained further to touch the high of Rs 207.35, representing a gain of 1.31 per cent from the closing price of the last trading session. This is also just 2.56 per cent away from the 52-week high of Rs 208.5, touched on March 10, 2026. The scrip's 52-week low is Rs 138.15. Last seen, the stock was…
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LPG shortage disrupts supplies in several cities, many Tamil Nadu hotels declare holiday
11
Mar
By The Press Editor
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Business

LPG shortage disrupts supplies in several cities, many Tamil Nadu hotels declare holiday

New Delhi: Amid reports of a shortage of commercial LPG cylinders in several parts of the country due to the US-Israel-Iran conflict, a section of hotels and restaurants operating in Chennai and parts of Tamil Nadu have declared a holiday today. On March 10, the hotel association had voiced concern over sustaining their businesses as the existing stock of commercial LPG "would be sufficient to run the outlet only for one or two days". Most of the restaurants have also cut the number of food items offered to customers and opted to prepare foods that require minimal usage of the…
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Rs 28 dividend stock: S&P Global-back ratings agency to trade ex-date soon, check record date
11
Mar
By The Press Editor
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Business

Rs 28 dividend stock: S&P Global-back ratings agency to trade ex-date soon, check record date

Mumbai: Stock markets bounced back on Tuesday after two days of massive decline following a drop in crude oil prices and a recovery in global peers. While stock market benchmark indices Sensex and Nifty ended nearly 1 per cent higher, the Indian equities are expected to trade on a cautious note. Amid this volatility, there is an opportunity for investors to earn some additional profit from their investment by investing in stocks that are offering a good dividend. One such stock is of the S&P Global-backed company Crisil. The board of directors of the ratings agency has recommended a final…
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India assures fuel security; Reliance boosts LPG production amid global crisis
10
Mar
By The Press Editor
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Business

India assures fuel security; Reliance boosts LPG production amid global crisis

New Delhi: Amid the ongoing conflict in West Asia and concerns about global energy supplies, the government has assured citizens that India has enough fuel stocks and there is no immediate risk of shortages. Government sources say the situation is stable, with steps being taken to secure supplies, increase domestic production and maintain energy trade with neighbouring Bangladesh. Government assures fuel supply is stable, no need to panicย  According to government sources, India currently has adequate stocks of Liquefied Petroleum Gas and Liquefied Natural Gas. Authorities stressed that consumers do not need to panic, as supplies across the country remain…
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Cabinet clears Rs 3,631 crore plan to link Jewar International Airport with Faridabad, Gurugram
10
Mar
By The Press Editor
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Business

Cabinet clears Rs 3,631 crore plan to link Jewar International Airport with Faridabad, Gurugram

Noida: The Union Cabinet on Tuesday approved a revised project cost of Rs 3,630.77 crore for the development of a new road corridor that will improve access to the upcoming Jewar International Airport in Uttar Pradesh. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi. The project involves the construction of a 31.42-kilometre greenfield road that will connect the airport with the Delhi-Mumbai Expressway through the Delhi-Faridabad-Ballabhgarh-Sohna spur. The road will be built under the Hybrid Annuity Mode across parts of Uttar Pradesh and Haryana. Officials said the new corridor will…
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Sufficient LPG stock in India right now, no need to increase prices: Govt sources
10
Mar
By The Press Editor
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Business

Sufficient LPG stock in India right now, no need to increase prices: Govt sources

New Delhi: Amid reports of an LPG (Liquefied Petroleum Gas) shortage, government sources on Tuesday said sufficient stock is available and production has been increased by 10 per cent. Sources also said that India is sourcing supplies from approximately 40 countries and has increased the share of gas imports from outside the Strait of Hormuz to 70 per cent, up from 55 per cent earlier. They also stated that all refineries in the country are operating at 100 per cent capacity and there is no need for a price increase at this time. "The gas shortage is being managed by…
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