The Great ‘Gas-by’: 45,000-tonne LPG tanker braces for Hormuz crossing — why it matters for India
An India-linked LPG supertanker, Sarv Shakti, is navigating the Strait of Hormuz, a critical energy route under severe strain due to Middle East tensions. Its ...
Oil marketing companies seek LPG, petrol, diesel price hike as Iran war deepens losses
Middle East conflict escalates, pushing crude oil prices above $126 per barrel and straining India’s state-run oil companies. Facing mounting losses, these companies seek permission ...
Air India to cut nearly 100 flights till July: CEO Campbell Wilson
Air India is slashing nearly 100 flights through July due to soaring jet fuel costs and airspace restrictions, making international routes unprofitable. This move deepens ...
Spirits airline makes final landing: American budget-friendly flight halts operations
Spirit Airlines, a prominent low-cost carrier, has ceased operations after 34 years, citing an immediate shutdown. The airline’s abrupt closure follows failed federal intervention and ...
Elon Musk grilled over his AI profits
Elon Musk faced intense questioning for a third day in his OpenAI lawsuit, defending his for-profit AI ventures. He argued that while for-profit is acceptable, ...
Jane Street doles out $2.7million payout per employee
Jane Street Group has achieved remarkable financial success, distributing $9.38 billion in compensation last year, a significant surge that dwarfs rivals like Goldman Sachs. The ...
Power usage up 4% in April
India’s power consumption surged over 4% year-on-year in April, reaching 154 billion units. Despite a record-breaking peak demand of 256.1 GW on April 25, early ...
Proxy advisory firm asks RBI to reject Tata Sons’ application
A research firm urged the RBI to reject Tata Sons’ bid to surrender its financial license, calling it a tactic to avoid mandatory listing. The ...
‘Government to sustain capex despite West Asia crisis’
Despite potential West Asia conflict-induced fiscal strain, the government is committed to prioritizing capital expenditure. Expenditure Secretary Vumlunmang Vualnam affirmed that the entire public spending ...
RBI DG: Macro factors strong, no pressure on balance of payments
India’s economy is robust, capable of sustaining 7.5% growth with low inflation, according to RBI Deputy Governor Poonam Gupta. She highlighted strong remittances, services exports, ...
