The petroleum ministry argued that E20, or 20% ethanol-blended, petrol costs more to produce than the pure one, so it cannot be sold cheaper.
2 min read10 Jul 2026US stock futures dipped on 10 July after a prior rally, but are poised for weekly gains amid easing Middle East tensions and falling oil prices. Investors await SK Hynix's ADR debut as chip stocks lead Wall Street's rise ahead of the approaching earnings season.
2 min read10 Jul 2026The hazy terms of the interim deal signed by the two adversaries let either side interpret them as they please, especially references to the Strait of Hormuz. What awaits the world may be neither peace nor war, but something in between.
4 min read10 Jul 2026Vedanta Group's demerger aimed to unlock value across its separate entities, yielding significant operational performance in power sales, despite a 17% drop in oil and gas volumes. Various sectors showed mixed results, but Vedanta Power notably surged with a 245% increase in power sales.
3 min read10 Jul 2026The Indian rupee rose 13 paise to 95.26 against the US dollar, bolstered by lower crude prices and a weaker dollar. However, concerns over the US-Iran conflict kept traders cautious. Foreign investments remain strong, yet India's trade deficit persists due to high oil and gold imports.
2 min read10 Jul 2026Indian equity benchmarks are set for a positive start with the Sensex and Nifty tracking firm global markets. Recent easing tensions in the Middle East and gains in semiconductor stocks have boosted sentiment, despite recent military strikes involving the US and Iran.
5 min read10 Jul 2026The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what it could mean for inflation and the global rates outlook.
3 min read10 Jul 2026US stock futures showed modest gains, led by strong semiconductor buying despite ongoing Middle East tensions. The S&P 500 rose 0.2% while the Nasdaq 100 gained 0.61%. Investors are cautious amid fears over energy supply disruptions and await key economic data from the Federal Reserve.
2 min read9 Jul 2026With the US-Iran war disrupting global energy supplies and keeping crude oil prices elevated and volatile, oil and gas companies are expected to report a mixed performance for the first quarter of FY27.
1 min read9 Jul 2026Indian indices Sensex and Nifty 50 opened higher, recovering some losses amid Middle East tensions. Nifty 50 rose 0.43% to 23,986.80, while BSE Sensex gained 0.41% to 76,832.34. Market breadth was positive, with 15 of 16 sectors in the green.
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