Business

The United States has eased sanctions on Venezuela’s state-owned oil sector, allowing American companies to resume limited business with Petróleos de Venezuela S.A. (PDVSA), as the Donald Trump administration seeks to expand global oil supplies during the ongoing Iran conflict, AP reported.The US Treasury Department on Wednesday issued a broad licence permitting PDVSA to sell…

NEW DELHI: India is deploying additional warships in the Arabian Sea and the Gulf of Oman to ensure safe passage for its fuel and LPG carrying vessels as tensions escalate around the Strait of Hormuz, Bloomberg reported citing sources.The Indian Navy has positioned more than half a dozen warships, including logistics vessels, as a precautionary…

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has temporarily waived the century-old Jones Act for 60 days in a bid to ease rising energy costs in the United States, after the US-Israeli war with Iran sent oil markets sharply higher and pushed up petrol prices.As per news agency AFP,…

Fundamentally, remittances are cross-border money transfers to support families back home. (AI image) ‘Gulf se paisa aaya hai’ – it’s a common statement in several households across India whose family members work in the Middle East countries. But will this money keep flowing in as much as it does in the wake of the US-Iran…

The Union Cabinet on Wednesday approved the construction of a four-lane access-controlled National Highway-927 from Barabanki to Bahraich in Uttar Pradesh at an estimated cost of Rs 6,969.04 crore, aimed at improving connectivity across key economic and logistics centres in the state, according to an official statement.The Cabinet Committee on Economic Affairs (CCEA) cleared the…

Gold prices moved lower across major Indian cities on Wednesday as retail bullion rates tracked weakness in domestic futures amid cautious sentiment ahead of the US Federal Reserve’s monetary policy decision.On the Multi Commodity Exchange (MCX), gold for April delivery fell by Rs 256, or 0.16 per cent, to Rs 1,55,729 per 10 grams in…

The Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA), a Rs 33,660 crore central sector scheme to develop 100 investment-ready plug-and-play industrial parks across the country, in a move aimed at accelerating manufacturing growth and employment generation.The scheme will be implemented over a six-year period from FY 2026-27 to FY 2031-32, with industrial…

Planning a bank visit? You might want to reschedule! Bank customers planning a visit in March 2026 are being advised to check branch holiday schedules, as a four-day bank holiday is approaching. Since banks observe both national and state-specific holidays, closure dates can vary across different regions, making it important to plan ahead to avoid…

Jag Laadki at Mundra port NEW DELHI: The Indian-flagged crude oil tanker Jag Laadki arrived at Mundra port in Gujarat on Wednesday, becoming the third such vessel to reach India in as many days amid the ongoing conflict in the Middle East.Click here for live updatesThe tanker docked carrying approximately 80,886 metric tonnes of crude…

Indian refiners have purchased nearly 30 million barrels of Russian crude within a week. (AI image) India is aggressively buying Russian crude oil amidst supply disruptions from Strait of Hormuz caused due to the ongoing US-Iran war and Middle East conflict. In fact, India is buying such huge quantities of Russian crude, that tankers headed…