NEW DELHI: Indian car buyers are increasingly moving away from conventional petrol and diesel vehicles, with compressed natural gas (CNG), hybrid and electric models accounting for more than 40% of passenger vehicle retail sales for the first time in June, signalling a structural shift in consumer preference towards lower running costs and fuel-efficient technologies.According to…
FSSAI issues notices to multiple brands over misleading claims NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) on Monday issued a notice to the brand ‘Heritage Fresh Paneer’ over its use of the claim ‘Fresh Paneer’ on product packaging, saying the label could mislead consumers.In a post on X, the food regulator…
Taiwan’s Unimicron plans a global share sale amid AI-driven chip demand (Representative image) Taiwan’s Unimicron Technology is seeking to raise about $1.4 billion through a global share offering, joining a wave of Asian semiconductor companies tapping international investors as artificial intelligence-driven demand fuels industry expansion.According to a term sheet seen on Monday, the printed circuit…
Saudi Arabia made it biggest cut in its main Arab Light crude for Asian customers Saudi Arabia cut price of its main crude grade effective August for Asian customers amid weakening demand and easing tensions. It’s the largest reduction in over two decades.The sharp price cut comes as pressure grows on the world’s largest crude…
Vaishanaw flagged off four new trains and services Railway Minister Ashwini Vaishnaw on Monday flagged off new train services and announced route extensions aimed at improving rail connectivity across Maharashtra, Uttar Pradesh and Uttarakhand, while also inaugurating the extension of an existing service through video conferencing from Bhubaneswar.The minister launched the services from Rail Sadan…
Increasing purchases from the US would not only diversify India’s LPG import basket and reduce dependence on Gulf suppliers. (AI image) US-Iran war impact: India is actively looking to diversify the sources of its Liquified Petroleum Gas (LPG) supply and the US has emerged as the biggest supplier in the months since the Middle East…
Wall Street opened higher led by a rebound in artificial intelligence (AI) stocks Wall Street opened higher on Monday, led by a rebound in artificial intelligence (AI) stocks as investors returned to the sector after recent volatility, while markets also assessed a planned mega share sale by South Korean chipmaker SK Hynix and an increase…
Trump rings Wall Street bells from Oval Office President Donald Trump on Monday rang the opening bells of the New York Stock Exchange and the Nasdaq from the Oval Office to mark the launch of Trump Accounts, a new investment programme for children created under Republicans’ 2025 tax and spending law.The symbolic ceremony came as…
Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. (AI image) Respite for oil marketing companies! State-run oil marketing companies (OMCs) could reach the break-even point on petrol and diesel sales within the next seven to 10 days if crude oil prices remain…
India’s state-owned oil refining giants stepped up crude purchases last week, securing millions of barrels through separate tenders. According to sources cited by Reuters, Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) together bought around 7 million barrels of crude, with the cargoes scheduled for delivery over the coming months.IOC accounted for 5 million…