Representative image (Picture credit: ANI) India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to…
Russian oil giant Rosneft has hit out at the European Union for imposing sanctions on its Indian affiliate Nayara Energy, calling the move “unjustified and illegal” and warning that it could directly threaten India’s energy security. In a statement issued Sunday, Rosneft said the EU’s action amounted to extraterritorial and politically motivated restrictions that infringe…
To give a fresh boost to Assam’s dairy sector, the state government on Sunday introduced a new subsidy scheme offering Rs 5 per litre of milk to dairy farmers. Chief Minister Himanta Biswa Sarma launched the initiative at a programme in Guwahati, where he also laid the foundation stone for expanding the Panjabari plant of…
UPS vs NPS: The answer depends on the age and risk profile of the individual. (AI image) NEW DELHI: The extension of the deadline for choosing between the New Pension System (NPS) Unified Pension Scheme (UPS) to September 30 has given government employees some more time to decide. The government has also clarified that the…
Auto parts maker Sona BLW Precision Forgings Ltd (Sona Comstar) has entered into a joint venture with China-based Jinnaite Machinery Co Ltd (JNT) to make a strategic foray into the Chinese electric vehicle (EV) market. As per news agency PTI, the combined investment in the joint venture is pegged at $20 million (around Rs 167…
Public sector lender Indian Overseas Bank (IOB) reported its highest-ever quarterly net profit of Rs 1,111 crore in the April–June 2025 quarter, marking a 76 per cent year-on-year jump from Rs 633 crore. The bank, headquartered in Chennai, said it is confident of sustaining and growing this performance through the rest of FY26.“Exactly. One hundred…
India’s electronics exports surged by 47 per cent in the April-June quarter of FY26, reaching USD 12.41 billion, with the US, UAE, and China emerging as the top destinations, commerce ministry data showed. The United States alone accounted for a dominant 60.17 per cent share, followed by the UAE (8.09 per cent), China (3.88 per…
India has become the world’s top player in real-time digital payments, largely due to the rapid growth of the Unified Payments Interface (UPI), according to a recent International Monetary Fund (IMF) note titled ‘Growing Retail Digital Payments: The Value of Interoperability’.Launched in 2016 by the National Payments Corporation of India, UPI has revolutionised the country’s…
This is an AI-generated image, used for representational purposes only. India is inching closer to a major milestone in its semiconductor journey, with the country expected to produce its first commercial-scale, made-in-India semiconductor chip this year. Union electronics and IT minister Ashwini Vaishnaw made the announcement on Saturday while addressing the 14th convocation ceremony of…
NEW DELHI: Luxury fashion house Prada has denied violating the Geographical Indication (GI) rights associated with Kolhapuri chappals, after featuring sandals inspired by traditional Indian footwear in its Spring/Summer 2026 menswear collection in Milan.In response to a Rs 500 crore legal notice, Prada’s legal team said it did not use the term ‘Kolhapuri’ or any…