Beijing increasingly controls the marginal barrel of demand – whether it is purchased, stored, released or withheld. For half a century, the global oil market has revolved around two centres of power. The Gulf, led by Saudi Arabia, controlled spare production capacity. The US supplied military protection and financial muscle to Gulf oil. Together, Washington…
Govt said the wider sourcing network is aimed at reducing India’s dependence on any single country, region or transit route. India has sharply widened its energy import base, sourcing liquefied natural gas (LNG) from 15 countries, up from six, and crude oil from 41 countries, compared with 27 earlier, as per govt’s statement to Rajya…
ONGC, Shell Energy India set to explore deepwater blocks, LNG sourcing opportunities Oil and Natural Gas Corp (ONGC) and Shell Energy India Private Ltd have signed a non-binding MoU to explore joint opportunities in deepwater and ultra-deepwater oil and gas exploration. The two companies will also look at opportunities for LNG sourcing, ONGC said on…
Elon Musk’s billboard pictured on the day of SpaceX’s initial public offering (IPO) Elon Musk may have slipped below the trillion-dollar mark, but his fortune has hardly slowed down. Between 2025 and 2026, the world’s richest person added $319.5 billion to his wealth.In July 2026, Musk’s net worth stood at $725.1 billion, compared with $405.6…
The tax-filing portal will show whether the refund is under processing, issued, or adjusted against an outstanding tax demand. ITR filing FY 2025-26: Filed your income tax return within the July 31, 2026 deadline? Are you eligible for an income tax refund? If you are wondering when your tax refund will be credited in your…
Stock market recommendations: AIA Engineering, and Cochin Shipyard are the top stocks to buy identified by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities for August 10, 2026 week. The expert has also shared a technical view on Nifty50 and Bank Nifty for the coming days: Stock recommendations: AIA EngineeringAIAENG has given a…
Rupee trades in red on Monday Rupee began the week on a negative note, weakening 8 paise to 95.25 against the US dollar in early trade as a firmer greenback and higher global crude oil prices put pressure on the currency.The fall was limited by foreign institutional investor (FII) inflows and the country’s stronger foreign…
US audio major Bose Professional’s Mangaluru R&D centre illustrates the shift. Focused on next-generation professional audio products, the centre began with one employee, has grown to 25 and is planned to scale up to 75, CEO John Maier told TOI last year. BENGALURU: The new global capability centre (GCC) model is increasingly smaller, leaner and…
Indian Bank has identified 725 branches as Gold Shoppe branches with dedicated staff and enhanced customer service facilities. The bank has added 982 empanelled appraisers in the past six months, taking the total to 3,538. CHENNAI/MUMBAI: Banks are strengthening branch-level gold loan capabilities by adding appraisers, investing in testing equipment and digitising processing as demand…
FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.2 lakh crore in March. Prior to this selling streak, they had invested Rs 22,615 crore in Feb, according to CDSL data. NEW DELHI: Foreign portfolio investors (FPIs) sustained their buying momentum in…
